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I am not only linked to gold mining companies, have no fear there, I am also invested in the US economy. I have my bets 'hedged' on 2 sides, so I am good to go! Cheers! :)
Great article on our US economy, headed for strong 2010 finish!
http://finance.yahoo.com/news/Economy-appears-headed-for-apf-2290563620.html?x=0
Please get me a one ounce GOLD PCFG-stamped bar too, while you are at it! We can display them at home or work! Cheers!
I'll buy a PCFG T-shirt and coffee mug, for sure! Great Idea!
Go PCFG!!!!
Trapper---Thanks so much for your voice of reason, that both are in a holding/accumulation phase! More good things to come, for those who wait!
Hey Trapper! How are you doing? [b]What are your latest thoughts/comments on CNEX and PCF*?!!
This company is putting the first of four mines into production.
I'm ready to be shocked and dazzled by share prices beyond my imagination!!!! Weeeeeeee!
Let's hope we can hold 0.03 then-----fingers crossed!
$24.20 eventual share price sounds WONDERFUL!!!!! GO PCFG!!!
I keep telling my husband I want to buy more, but he says no, penny stocks are too risky to put a lot of money into. So, we are at a standstill for now!
WE can hope so! That would be life changing for me...
That is very interesting that one of the top 10 is a pinkie! Thanks for sending that. Anything good can happen!
Bluebrd---- I think we are both right, I just looked up the rules of Roth IRA withdrawals online and here they are:
There are a number of rules for withdrawing money from a Roth IRA. These rules are designed to allow your retirement savings and investments to grow free of any taxes, and are more flexible than traditional IRAs when it comes to withdrawals. Here's what you need to know about Roth IRA withdrawal rules:
1. There is no mandatory age for withdrawal.
This is different than traditional IRAs. A traditional IRA requires that you begin to withdraw money at the age of 70 ½. (You can begin to withdraw money earlier, beginning at age 59 1/2.) No such rules apply for a Roth IRA.
2. No taxes on withdrawals-to a point.
Unlike traditional IRAs, your withdrawals are not taxed, because your contributions are made with already taxed income. As with most things, this rule is subject to particular rules and regulations. For example, any interest earned on your IRA will be taxed if withdrawn.
3. You can withdraw your principal contributions at any point in time free of any penalty. Of course, this is also subject to particular conditions, but you can find out the specifics for your Roth by contacting the institution that you opened it through.
So those are the general rules. Of course, there are some more specific rules that you need to know about that govern withdrawals from Roth IRAs. Let's go into some greater detail.
1. Remember that even if you have more than one Roth IRA, the government considers all of your Roth IRA accounts as one when you make a withdrawal.
2. Not only does the IRS look at all of your Roth IRAs as one when you are making a withdrawal, but you also have to make your withdrawals in a particular order from each Roth IRA. Here's the order for your distributions:
a. from non-taxable contributions made to a Roth IRA annually
b. from conversion contributions made on the first-in, first-out rule
c. from earnings
3. Remember how above I said that there's no mandatory withdrawal age? Well, there is a minimum withdrawal age. If you withdraw from your Roth IRA before the age of 59 ½ you will have to pay an early withdrawal penalty. This penalty will be charged in addition to the taxes that you'll have to pay on your withdrawal, which now is categorized as a non-qualified distribution. Now, there are a few exceptions to this rule:
a. IRA owner's disability (see IRS Publication 590)
b. IRA owner's death
c. the withdrawal is part of equal periodic payments that are paid out over the owner's life
d. you use the money to pay for any medical expenses that are more than 7.5% of your adjusted gross income
e. if you have been on unemployment for more than 12 weeks and you use the money to pay for your medical insurance premiums
f. you use the money to buy your first home (you can withdraw up to $10,000)
g. the money is used to pay either for the owner's higher education or a family member's higher education
h. the money is used to pay back taxes
4. Things are about to get even more complicated. Even if you meet the qualifications of making your withdrawal 1) after you're 59 ½; 2) in the case of your death; 3) after you become disabled; or 4) you buy your first house, you still have to meet another requirement: the five-tax-year requirement.
Essentially, the five-tax-year requirement states that it has been five tax years (not five calendar years-the tax year ends on April 15) since you made your first contribution to your Roth IRA. If you make your first withdrawal before this period, you will be subject to early withdrawal fees and you will have to pay taxes on your withdrawal amount.
In short, you can make withdrawals without fear after the age of 59 ½, if it has been five tax years since your first contribution. If you have met the five tax year requirement, but are younger than 59 ½, then you have to meet one of the exceptions listed above to avoid having to pay considerable taxes and fees for early withdrawal.
Thanks for the tip! I believe, however, that if you've held monies in a Roth IRA for 5 years or more, you can take all money and all gains out, tax free. At least, that is my understanding. As far as I know, you have already paid the taxes on the smaller initial amount, before you put the monies into a Roth acct., then you can take the larger final amount out, tax free. In my understanding of it.
Yes, it is probably those 4-5 billion in unproven but provable GOLD reserves they are happily sitting on, as you said, good for the future share price increases/jumps!
We can hope abd pray for $30 a share, and appreciate the prices all along the way: 0.05, 0.1, 0.3, 0.5, 1.0. 5.0, etc!!!
That is a huge find about how much they own outright! Thanks for your post!
I can't wait until we are at 0.3 in Q1 of 2011--that will be fantastic news! I love it!
Go PCFG!
Wed. and Fri. were nice buying days indeed.
I wish I had more chance to accumulaqte some more, but funds don't permit right now. Plus, I am in a Roth IRA (a non-taxable acct.) and I have already maxed out my Roth contributions for 2010, so I cannot contribute any more to that acct. Oh well---I will have to be satisfied with what I have!
Good luck to all of us---IMO we have a winner here with PCFG!
By next year, the 3 cent range will be a distant memory!
Who can say......It may even run to $3 or to $30 one day, we don't know its full potential yet! GROW PCFG!
I will indeed see you at a CNEX Victory dinner or at a victorious shareholder meeting one day!!!
We are going to make MEGA-MONEY on this one, in good time, as I too, have a great CNEX feeling, just like you do too!!
Happy Thanksgiving to you and your family, and thank you kindly for your Thanksgiving wishes!
Candice---YES, one day, I too feel we will be so happy after our long wait!
I am even being convinced that a reverse split will not be so bad for my situation, if it happens!
GROW Now Extraordinary CNEX now with IP proceeding in 2011 !!!
For those who want it in black and white, reprinted here, here is the great letter the CNEX President wrote, from the web site (thank you for pointing us there Carnac):
Friday, November 26, 2010
Dear Fellow Shareholders:
Cannon Exploration's marquis project continues to be the Queen Alexandra Project, which consists of 16 claims located in the Lower Manitou Lake area in Ontario. This year's activities have centered on preparation for the extensive exploration activity that the Company intends to conduct on the property in 2011, including funding activities that would support these efforts and retaining JVX Limited to conduct reconnaissance geological mapping of the areas of interest. The geological and geophysical surveys report confirmed that mineralization occurs throughout the property including a shear zone proximal to the original mining shaft. Our website will be updated shortly with these reports.
While we had anticipated that commencement of exploration programs would commence in 2010, including an IP survey in August, scheduling issues prevented us from completing them as planned. This is now one of the busiest periods in the mining industry, with many companies vying for the services of companies such as JVX to complete their programs before freeze-up occurs and we were unable to get our program into their schedule. The IP survey is now planned for the spring in Q2 2011, and further activities will be announced upon confirmation.
As is the case with the other junior exploration companies who do not have a source of revenue, Cannon has had to rely on equity financing for funding its activities. It has unquestionably caused dilution in the stock, and has been exacerbated by the sub-penny level of the share price and the dismal global economic climate. As noted in our recently released Q3 financials, Cannon is adequately funded to continue operations into the New Year, however, we want to make it clear to our shareholders that additional financing will have to occur to fund the activities being planned for 2011 and there will likely be an increase in authorized shares to accommodate this.
2011 should be a very active year for Cannon Exploration. We remain very confident in the potential of the Queen Alexandra Project and are confident that the Company will begin to realize this potential in the New Year.
We look forward to the coming year and Cannon would like to thank you for your support
Edwin Solano, CEO
Trapper---Thanks LOTS for your PM and thanks to you and Carnac for the report/files. I am a little unclear---is this work already done by JVX, and already paid for, or paid-for work still to be done in 2011, such as our IP survey? Thanks for your reply!
This was posted on the main Fidelity official web site:
All major U.S. stock markets will be closed on Thursday November 25, for the Thanksgiving holiday. On Friday November 26, major U.S. stock markets will close early at 1 pm ET. The Extended Hours session will be available from 1 - 4 p.m. ET.
No, the market is closed Thanksgiving day, and open until 1:00 pm on Friday. 'After hours market' open 1-4 pm Friday too.
Thank you for the safe drive wishes! I am ready to go home, in about 1 hour! Then we finish packing, and hit the road.
Enjoy your dinnertime!
Great Post! Happy Thanksgiving everyone!
Thank you for the relaxing wishes! I will enjoy all the turkey, stuffing, potatoes, salad, pie, my Mom, etc.. without gaining too much weight, I hope! I hope you enjoy your Thanksgiving day and meal, etc... to the max, too, with family!
I understand your frustration and feelings. As for me, I am going to "set it and forget it" for a while, maybe a few years, and just see what happens. I only have $154 dollars to lose at this point, a cost of a very nice dress, or a super nice dinner out!
Yes, unfortunately we had a bit of a down day today...but the fundamentals/GOLD are STRONG still! GROW CNEX!
We are doing research on stem cells at a cord blood bank Monday, and every day. We are associated with a hospital that helps children. Enjoy your holiday Thanksgiving!
You are most welcome for the market open info! Enjoy your holiday!
I have never seen a stock fall to no bid before. I sure hope that doesn't happen to us! IP survey soon, I am hoping, and a PR about it before Xmas, I pray! Have a good Thanksgiving Carnac!
All major U.S. stock markets will be closed on Thursday November 25, for the Thanksgiving holiday. On Friday November 26, major U.S. stock markets will close early at 1 pm ET. The Extended Hours session will be available from 1 - 4 p.m. ET.
That was funny about the moose finding the gold! Have a good day at work today! I am at work too, then will leave around 5 pm to drive to my mother in law's house near KC, for the long weekend! Enjoy your Thnaksgiving holiday! Grow CNEX!
PCFG IS AN INVESTMENT TO LET IT GROW
Good for you! That is a great number to have and we're going to both make some money, all of us here!
I added to my position today, and got in just before close for another 14,000 at 0.047, by selling my 505 PROB* shares. I now have 30,850 of PCFG and am very happy to be part of this monster! GO PCFG!!! I owe you a debt of gratitude! : )