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Great find Smitter for Supplemental Information- ITEM VIII Subsection B3
That is really interesting and sounds like really good news, I don't know much about it and I know that talks specifically about ITEM VIII Subsection B3 perhaps that is all there is to it?
Having the QP on board will be a great thing, but at the same time makes me a little concerned about the burn rate of how far we can go with the cash we currently have to operate.
It is posible to get a JV partner, however I think is too early for that, the company needs a little more development and prooving of their grounds. I think that at this stage the only thing that will send this stock really flying and I'm talking about .03 to .06 will be private investor financing. IMO
That will be the more sifnificant piece of new I see right now. I know there are many more that will come out before of after that will make it go up and down, but having financing will give it stability and will no go down once we get to the top.
In the mean time there is not a whole lot of investor confidence based on that, not knowing if there is going to be more delution or not, even if they are presented every week with the same share structure.
GLTA...GO CNEX!!!!
fotog1160: I don't know how much you have invested in CNEX but in my case I own a lot of shares and currently down over 50% and not concerned a bit becuase there is too much potential here and I also know that with one good PR this thing can fly to at least .01 I seen it happened before, even without what we know and have now ( New CEO, Gold Findings, QP coming, possible big investors for financing, JV opportunity, etc ) I know is a little frustrating at the moment, but try to avarage down if you can that will be my best advise to you.
GLTA... Go CNEX!!!
Smitter, I understood your instructions, however I don't have access to PM reply.
I will just like to see a PR of the latest company event news or if he can explain the likelihood of us securing private investing ( perhaps he can tell us a little about the 3 investors noted on the 504 form ) a JV or any uplisting in the near future? Any sort of info that he can be allowed to share will be highly appreciated.
Thanks,
Arnold
Excellent call Smitter. Welcome aboard Carnac!!!
Go CNEX!!!
I'm out of $$$ can we get Ask slappage # 7
Today was a great day for us CNEXers and mark the step for even more great things to come:
The SEC 540-D filling gave us to some degree of transparency we all been waiting for.
The update on the share structure reassured to us that all delution and panic selling is over. That now create a lot of investor confindence.
The form T's are decreasing in volume and for a long time we finally closed green, this is a big confirmation fact that let us all know the stock is going to turn.
I believe tomorrow and Friday there is going to be good buying preasure that will send this to at least 0.002 We know how quick this thing can move, we also know the company now has the means to take us to the next level, we know there is gold at the Queen and at anytime a PR came come out with news of investors or a JV, etc.
All IMO... GLTA!!! Go CNEX!!!
Another sad day, hopefully things get better next week!
Appears to me the cheap shares are drying up? If we by anychance we can close green on a Friday it will be huge!!!
Good Morning CNEXers. Everybody hold them tight, I know is hard to remain optimistic, I'm down over 50% on a large investment, whoever the part that makes mad is that I have no more $$$ to add and bring my average down. I knew from the time I got invested in the stock that for anything the company will do, we the investors were going to fund it, but never cross my mind it will go to this extreme. Let's give it a week or two to let things settle.
Keep in mind that once this is all done the company should have sufficient $$$ to take us to next level and once the dilution is done we are bound for a big bounce or breakout. Another thing to consider is that before the news of gold in the property was confirmed, the stock was trading at around .02 so now that we know for a fact there is gold I see no reason why we can go back up to this levels.
The price of gold as we all know is on the rise and big places like China would like to get their hand on what we got on those people and investors with deep pockets are now watching. I see a lot of potential here, I think that at any given moment a PR announcing a secured financing deal can come at any time. IMO.
GLTA... Go CNEX!!!!!!
Fairly low volume today,well except for one of my friends that bought like 1/3 of the volume for today. perhaps a good sign that dilution has stop at least for now and the .002 seem to be holding pretty well, however the MM's have it on a lockdown and do not want to let it get some air.
I hope the company has the funding that they need in order to move us up to the next level. I also hope that now knowing there is gold we can attract some private investors with deep pockets and secure some financing deal rather then keep deluting the stock and killing the pps. IMO
GLTA... Go CNEX!!!!
I think the news were great today, however in my opinion CNEX needs to desperately secure some finincing in order to stop the bleeding or massacre that we got going on.
Now that we have something to negotiate ( Good Result ) perhaps it will not be so hard and they can find some investors.
alynnb - Correct and all good points except I thought CNEX been around for longer then a year.
GLTY
THECRAPSMAN- I'm glad to hear that. I wish I had more $$$ to keep adding but yesterday I got 3 more mil at .003.
I now have tons, more then enough shares and lucky for me my average is only .003183 but who knows if I can get more cash in my hands and the prices are still good, why not.
GLTA... Go CNEX!!!
And I hope I'm so wrong
I'm sorry but you can not compare this company to KATX...
We sure have hope and lot of room to run with CNEX, however I'm thinking more like .02 tops which by the way it will make me lots of $$$.
KATX has proven transperancy with Kean Stead and his brother Tim Stead at the helm "something that is yet to be proven here".
They also have the the lands, 6 properties plus some recently adquire land, they have the gold, silver and copper, drill program in the works ( second week of May ) considering BB uplisting, potential JV with vale,financing,any sale of their properties, etc.
GLTA! I hope the .002 is our bottom and we can bounce off nicely in the coming days. I also sent an emial to CEO and IR today, hope that can help to at least providing a shareholder update.
Grab those cheap ones while they last, it won't be for long.
I added a bunch more at .003
My boat is super loaded, time to sit, relax and enjoy.
PR at any moment now. IMO
GLTA...Go CNEX!!!!!!!!!!
Carnac,thanks! yes that answered my question.lol
Can someone please explain what MOASS means?
May sound kind of dum and perhaps explained in the past, however I'm kind of new. Thanks in advance!
GLTA
Go CNEX!!!!!
That was me loading up at the end, I was slapping the ask from 0.0030 all the way to 0.0032 and got all my shares too
Sorry, I meant 0.02 or 0.03 GLTA
I agree, those 33's won't last for long and with the analysis/good result PR coming any day now watch how fast it will move to .2 or .3 IMO
Yes Smitter, I'm loving it. I now have over 3mil shares with an average of 0.003849 Trying to get some more cheap ones, slapping the ask at the same time!
That was me
Yes, you are absolutely right and that was the idea of my previous post, to try and open some eyes out there, to influence people to learn how to use their resources and form their own educated opinion, there is so many places out there where one can get quality input, places like the iBox, YouTube, face book, the company website among many others.
OTC like we all know are high risk plays and you should always be cautious, but KATX to me have all the ingredients for success, starting with the most important thing which is management, in this case you add the lands, the investor financing, the 2.3 Billion shares retire from treasury, plus another 8 Mil. Retired as a form of good will by our CEO, the price of gold climbing, Valve surrounding our lucky property, Canada being the hottest place for mining right now, drill program on its way, possible uplisting, JV’s, went to PDCA this year and many other solid good events that had taken and will take place.
I have spent countless hours during work, at night on the w/end learning and absorbing some of the finest DD I aver seem and I can tell you from my own experience that I have come a long way as far as the knowledge I have in JR exploration plays and as an investor.
Like I said in my first post (Some days ago) I been invested in this stock close to 3 months now and been following it for about 4 months. Been through the whole 2 month sideways trading and still here and will be here for at least 6 more months.
I have learned a lot and now making it really easy for me to quickly identify who is full of BS. Knowledge in this forum out weights stupidity.
Not worries here, the stock will correct itself and pretty soon they will all be in our rearview mirror along with the sideliners.
Long and Strong KATX holder!!!
This board has by far the best DD I ever seen… There is too many names to list and I don’t even want to attempt listing them because I don’t want to leave nobody out, but you know who you are? all the posts are on point very well discussed and the facts and the track record is all there to show proof on every step of the way.
Except for may be a hand full of people that have negative or destructives agendas and keep coming back with stuff that was clarified months ago. Or sometimes are just new people that I suggest and hope they do more DD before they can even post making then an easy meal and can fall in the hands of what to the naked eye appears an experience investor when in reality they are people not even invested in the stock or care about it, please do you own DD or you could be missing on a life changing experience.
You know is almost scary that we know so much and that we are able to predict every event so well that when the PR’s come out, it becomes more of reassuring pad in the back kind of thing more than breaking news and you may see the stock go up more without news.
I am by no means implying there is absolutely anything wrong with that but I just feel that at this moment or development of the company we have received all the news that was going to get us to where we are. Perhaps we could be a little higher but no worries there are plenty more big news on the pipe line, the kind of news such ( Uplisting, JV’s, drilling results, NI 43-101 report, etc.
Then we have the drill anticipation, the technical/charts and the other six properties that are going to take us to the Promised Land. Mean time slow and steady is good for me I have lots of patience, keep in mind that there are a lot of people still that have gains of over 500% and more that perhaps are getting restless and see 2 -3 moths really far away for them, they are taking profits and I respect that and see myself doing the same when my 500% profit is up right around 25 cents/per share although my target is a little higher, but that’s okay little by little we get rid of the weak hands, flippers, profit takes and bashers all at once , I strongly believe we are two good PR’s away from that happening. IMO
GLTA… Keep up the good work, long and strong here and Go KATX!!!
Nice Midnightcruizer and very interesting!!!... I do work for Lockheed Martin/Boeing F-22 Raptor project, Rolls-Royce for both civil and Defence Aerospace, along many others.
So far in terms of spare cash I got everything I can afford into the stock, but thinking about getting some of that 401K money and since I got two vehicles I'm thinking about selling my BMW 540I just to scoop more shares now that they are at whole sale price under .10
My goal is to add at least another 250K ( shares )I want to make the most out of it, stocks like this one do not come around often. I'm glad to be able to see it, of coarse with the help of some outstanding DD from many here.
IMO.... Good Luck All, Long and strong KATX!!!!!!!!
Arnold
Yes, and thank you for the warm welcome!
I'm completely up to date with every single detail about the company, properties, charts/videos, news, I mean everything
I also have many friends and family members into it and they love as well. I know there will be a lot of happy people here in about 3 to 6 months, heck may be even less time... I work for a big semi-conductor corporation and one of our customers is XXXXX DOD - Military Aircraft and missle systems and I can tell you there is no rocket science with this stock, it will fly!!!! My opinion.