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Nite at .0021, let's sank him out now!....
Bill, Next leg up let's break the 50DMA!...
The Queen Alexandra Mine has known gold values, having produced gold in the past. In the early 20th century, an English mining syndicate sank an 85 foot shaft and milled 18 tons of ore, grading 16.6 ounces of gold. Cannon Exploration has conducted limited ground geophysical surveys on the project, which have indicated a conductive zone in the immediate shaft area located on the property. The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
Great post nittanyman....
Good Morning all, I see the home page of Ihub is still down, what gives?
I never wait for someone to sell, I just attack the ask! You never know when you just missed your last chance....GLTY
Lol, their doing what they get paid to do. They could not get enough shares out of us today, and they wont be getting any tomorrow! Go CNEX!
Not much confidence in first time posters!
Correct me if I'm wrong, drilling will prove-up the size of the load. However, without the certified GEO report we will not be moving forward on the drilling. GLTY
And .01 to .11 is a triple top!
Absolutely, we can take off like the Falcon, and the Kat! We will increase in value every time we prove it up with a certified GEO report. Most investors on this board, have no clue how fast this stock could rise on a great report! GLTY
This GEO report coming out will add a lot more value to Cannon, providing it's good. We are close to moving into a massive drilling program, to prove-up the size of the load! However, you are right in the fact that we do have gold! GLTY
I know, but we have to document it. That's why we are in this trading range. However, that is about to change :)GLTY
That's why I'm here, and if we hit the mother load, .0022 will be history!
I left a message for Karen to call me back. I will be asking her if we get great GEO results, is the company still planning on a joint venture, or acquisition.
Cannon Exploration Inc primary strategy is to employ a joint venture model to advance the properties, reduce the risks of exploration to shareholders while maintaining a significant interest in the property in the event of a discovery. The work conducted by any of our joint ventures partners will enhance our mineral exploration program.
The next step of our strategy is to spin-off successful exploration projects into new companies, spotlighting their value in order to increase shareholder equity.
Bottom line, we held up good today, considering a false rumor of news, which pumped it up too fast. Congratulations to those who sold, and got back in on the bottom. We seen the post, that is was a false rumor. However, we held for the GEO. Myself, and some friends bought millions on Friday, Monday, and Tuesday. We are not selling, and holding for the GEO report. We are at the 7th week, waiting on the report, which can come in any minute! The company usually has a good feel for the report, and if they had any indication it was going to be bad, they would of dumped billion of shares by now. Previous sampling has shown very high gold concentration. History tells us we could be sitting on the mother load! This is still a high risk, and you should never invest what you are not willing to loose. However, if the report is great we will see an unbelievable run to multiple pennies. I was watching level-2 all day, and nite was accumulating at .0021-.0023. We should start to move back up again tomorrow, and we don't need the GEO report to buy at these levels. If we hold this bottom tomorrow morning, we are good to go...No risk, no reward! GLTY
Cannon has acquired an option for 100% interest in the formerly producing Queen Alexandra mine, located just outside of Dryden in northern Ontario, Canada. The mine consists of one shaft and one exploration pit which are 65 meters apart, and seven trenches.
The Queen Alexandra Mine has known gold values, having produced gold in the past. In the early 20th century, an English mining syndicate sank an 85 foot shaft and milled 18 tons of ore, grading 16.6 ounces of gold. Cannon Exploration has conducted limited ground geophysical surveys on the project, which have indicated a conductive zone in the immediate shaft area located on the property. The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
A low volume sell off is good, watch what happens soon!
The Queen Alexandra Mine has known gold values, having produced gold in the past. In the early 20th century, an English mining syndicate sank an 85 foot shaft and milled 18 tons of ore, grading 16.6 ounces of gold. Cannon Exploration has conducted limited ground geophysical surveys on the project, which have indicated a conductive zone in the immediate shaft area located on the property. The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
Just 1 ounce per ton, and we will break .10....Buy, and Hold!..GLTY
We are in our 7th week waiting on our GEO Report, which could come in any minute. We started our rise from our 52 week low on Monday. Up each day 40%, and now on our 3rd day. I expect the bashing to come in, because they didn't get their shares cheap enough. They didn't want to take the risk at the lower prices, so they come on the message board after the train leaves, and try to take it down for a better price. When does a shareholder come on a message board, and start complaining? No one in their right mind would want to bash their own investment in the ground. No ones getting one share from me until I see the GEO report, and that might come in right after you sell! Anyone who sells here at the bottom, may really regret it in the next couple of days. No risk, no reward. All I can say for them is go buy some Microsoft stock, and get off the pinksheets. Ignore the man behind the curtain, and hang on tight to your shares. We could be in for the ride of our life! GLTY
CNEX #1 on Ihub most active!
http://investorshub.advfn.com/
Double weee weee at the open, as we sail through the 50 DMA....
We will break through the 50 day at close!
They only want to make a market. If we don't sell, they will move it up to a new level. Hang on, we only just begun....
I once owned a stock with 2.8 Billion OS, and it ran to .03. If we have gold in those hills, we can seriously go To Da Moooon!
OUCH! CNEX #2 on ihub.....
Time to slice up that 50 day!
True, we can take off from yesterdays high....
sphindog, it's not impossible to see .10 in the near future. If we get a fantastic GEO report that gives any indication we are possibly sitting on 1 mill ounces of gold. You know that's 1.2 billion value! Come to pappaaaaaaaaa!
Amen to that smitter! Glad to see you back in the grove.
CNEX, NOW #5 ON ihub most active!
Bid.0023 / Ask .0024 Looking good, To Da Mars! lol
Lol.... hey you never know, if this goes to the mars, you may want me to be your Broker.
My guess, we have an excellent GEO report. The norm for a pink sheet non-reporting company is to hold a bad GEO report, with no PR, and dilute big time. The fact that a PR is being prepared is great news to my ears. We should continue this move up, until the report is released. I would think in the next 48 hours we should se the report out. If it's great, we go to the mars! If it's good we go the moon! If it's ok we go to .01, and back to .0011. If it's bad, which I really doubt, we will all get stuck in the exit door....lol
GLTY all....
sharky, they been shorting CNEX for 2 months. We broke every resistance, 200 day, and 50 day moving average. We are now at the 52 week low, and I suspect they will begin to cover....GLTY
That's right, 64% of today's volume was shorting. The good news is they are running into resistance, buys are outweighing sells. They know shorting at .0011 is a waste of time, because shareholders are holding for the GEO results. If they can't shake us out, they will move this north. They now have a lot of shares to cover. I think they know there is no more selling, so they will probably start slowly covering on Monday. If they don't cover, and we get a great GEO report, this will SKYROCKET! GLTY
Was it a market maker selling to another friendly market maker? Sometimes they just trade back and forth to shake you out. If none of us sell, it will move up. They know how to shake the tree, hang on tight. GLTY
Private_Gun, I was not referring to yearly production. I was referring to total reserves. 1 million ounces of reserves, and a 20 year mine life. Nova Gold alone, has 30 million ounces of reserves. Thanks for making your point. GLTY
cbrad, I'm thinking more like 1 million ounces of gold at $1200 an ounce is 1.2 billion. What if we have 5 million ounces of gold, $1-$5 per share only God knows!
E123, I'm good. The Falcon is screaming, now to get this pig moving! This is one oversold stock, trading at .0014 (1.4 million dollar market cap), unbelievable! I'm trying to free up some more clams, lol
sphindog, never pump and never bash. Just be real, and reality is this. If we have a gold mine we will be rich, if not we loose. And that's a fact period! Dilution, give me a brake....