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I can't wait for Q3 results, as you said----they should tell us exactly what they spent the $290k on, from the last financial report, and, what they are doing currently, or have done within the third quarter!
Thanks for the estimate of when Q3 will be out----estimated TODAY in fact!
I also looked on otcbb.com and found a CNEX most recent quarterly report dated Aug. 25, 2010, reporting for the quarter ending June 30th, 2010.
You may have already posted this earlier Trapper, but here is the web link anyhow, for those interested:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=36015
So, we should be due another quarterly report, sometime quite soon, for the quarter which ended Sept. 30, 2010.
You're right about that 'no management' at Cannon! GO PROBF!
Well, that may mean they'll be out around year's end then, in 2010, if they haven't appeared elsewhere prior to now, in 2010! Great work on your part!
She said "the management is very different between PROBF and CNEX." That's all she would commit to, that they are 'different'.
Yes, it IS the season for colds, flu, Xmas, Thanksgiving, everything all at once! Go CNEX!
Yes, that 'would' have been better!
She was very nice, very knowledgeable, and said to call anytime (1X per week, if I wanted to), just as you had said. It was hard to pin her down on any specifics however, except she said what different stage companies PROBF and CNEX are!
Sounds yummy! Enjoy your PIZZA! Go CNEX!!
We are going to the Walgreens 'walk in clinic' as soon as I get home, to have a nurse look at my sore throat, and give me something for it!
I'm so Glad you like the part about news coming! Have a wonderful weekend! I get to go home in 45 minutes!
I talked with Karen today and she said I could call her once a week for an update, if I wanted to, on any companies she represents (e.g., CNEX, PROBF, etc...).
She said she is expecting an update on exploration priorities/ results, from Edwin, any day now. She couldn't tell me when the IP would be done, for sure.
She also said we will get a financial report "at year end", but she didn't know exactly when CNEX's "year end" was----if it was in Dec. 2010, the physical year end, or some time later than that (like some companies end their fiscal year in June).
I talked with Karen today, and she said they could start drilling in the next 2 weeks. She also said I was going to make money on this stock, and be very pleased with it! She said it is very different from the other stock I own, CNEX, and she revealed that she represents multiple companies simultaneously.
Thank you! GO PCFG!
It is a nice picture. 2010 and 2011 could be the years of GOLD MANIA!
You are most welcome!
Article on GOLD MINING STOCKS---PLEASE READ TO THE END!
How To Invest in Gold Mining Stocks
By Greg McCoach
Thursday, January 8th, 2009
When comparing the performance of various investments over the past ten years, it is evident why we should remain focused on investing in gold mining stocks.
The Best Gold Mining Stocks Index
A good measure of gold mining stocks is the Amex Gold BUGS (Basket of Unhedged Gold Stocks) Index [AMEX: HUI].
The HUI Gold Bugs Index is a modified, equal-dollar weighted index of gold mining stocks. The index was designed to provide significant exposure to movements in gold mining stocks by including companies that do not hedge their gold production beyond 1.5 years. The AMEX Gold BUGS Index currently consists of 15 of the largest and most widely-held public gold mining stocks.
AMEX Gold BUGS Index
Source: NYSE Euronext
Over the past ten years, this basket of gold mining stocks has outperformed every major equity index and commodity in the world.
Gold Mining Stocks Outperform Most Assets over Ten Years
The HUI Gold Bugs Index has returned a solid 347% for the decade, while the Dow Jones, S&P 500, and the NASDAQ all show a significant loss.
Even when compared to physical commodities, which have done very well during this bull market, gold mining stocks outperform. Gold and oil have experienced a respective 206% and 270% price increase in the last ten years, while the HUI Index is up nearly 350%.
Source: Union Securities Ltd.
So despite all that we have had to endure in terms of volatility during the tenure of the current financial crisis, the clear winners over the past decade have been gold mining stocks. This clearly validates the investment strategy of both Gold World and my Mining Speculator newsletter.
And with all that is happening in the financial world, the amount of new investors in into gold and gold mining stocks will dwarf what we have seen thus far. In other words, get ready for the biggest moves in gold mining stocks over the next two years, particularly in 2010 which I am starting to refer to as "The Year of Gold Mania."
However, and this is very important, we always need to remember to keep our passions in check.
Thank you for the compliment. Yes, news WILL take PCFG to the next level! Go PCFG!
It should only take a few weeks to acquire the data and a further few weeks to process and interpret.
That is good to know, from the other company, that it will only take a few weeks to do the IP survey, once they get their you know in gear! Thanks for finding that!
I just read this on another board and thought it might be useful to post here:
Just my two cents. The technicals on this stock are very bullish in the short term. Many of the indicators are indicating that the short-term sell-off in this is probably completed and we'll be moving on to a higher high soon.
From an Elliott Wave perspective, this appears to be entering into a 5th wave, which would bring us to the higher high before retracing a larger portion of the rally from sub-penny. At that point, it would make sense the stock would rally on to much higher highs later.
The one * on this is that it appears to be following clear elliott wave patterns and the technicals appear to be useful, but could always be invalidated or the wave structure could always develop further into something more bearish, however it looks really good right now.
Sentiment : Buy
I see! Thanks for your thoughts on CNEX!
So that is good, IMO, that a market maker wanted to sponsor CNEX, for them to become publically traded. It makes it sound like we have potential!
That was very clear about market makers. Thank you!
How does a MM choose which security to trade in? How do NITE and other MMs choose CNEX, and choose to represent them/trade in their security? Do they think CNEX is a good buying opportunity long term?
So, a MM is just a computer algorithm, but it is based on a real institution/investment firm, right, behind that algorithm?
Thanks for your update Trapper!
Hi Trapper! Any news back on your e-mails to Kenora district or other places, about that filing/document we're after? Have a good evening! I am going home from work in about an hour from now! You must be working right now.
MM are funny animals. I'm not sure what their real function is. But, I hope they can contribute to getting CNEX up into the 00's next week!
Gotcha! Experience counts for a lot in this penny stocks game, though.
Yes, I hope that what Carnac said about them possibly being about to release a PR, is true. In it, they may justify or explain what the $290,000 they spent (as in Trapper's report he posted) was spent for, soon!
That is great, that you feel the information about what they spent the recent $290,000 on, will be in the next PR, which will likely be issued SOON! I agree, Edwin may be trying soon to earn back investor confidence, with a PR or a response of some kind. GROW CNEX!!
Carnac--- Thank you for the 2 PMs. I also appreciate your putting those limits on the recovery. I'll take that price you mentioned, with the hope it may recover even more in the future, with a good PR and some proven gold announcement. When will they begin the IP survey do you think? Is that Ip survey somehow tied to the $290,000 they recently spent, as described in that report Trapper found?
I am delighted you think there is a chance for recovery, Carnac! After all, they appear to have spent $290,000 on SOME ACTIVITIES recently!
I have 769,480 shares and hoping it will go to $1.30 a share! Or higher----I would definitely take higher, too!
Good morning Trapper! Any new yet replied from Kemora, about that report? Are you able to get some more shares of CNEX cheaply, at these prices?
Trapper---That is great that you sent the e-mail to Kenora, to get a copy of that report! Hopefully you will have it soon.
Trapper---GREAT JOB calling and sending e-mails to Karen 2X. She IS going to get back to you, I have a good feeling. You are an OWNER and she owes it to you to get back to you. It may take 2-3 days, as you said. Hang in there! This may be my last post out of 15 today!
True, my mistake, WE DO OWN THE COMPANY!! As SHAREHOLDERS.
Sigh.....she is not good at follow up perhaps, and then perhaps the management is maybe not getting back to HER, so she can get back to US!
We seem to be the low man on the totem pole, when we as shareholders should be answered to right away!! We're their CUSTOMERS!!
Maybe we could all ask Karen in an e-mail or by a phone call, to give us a breakdown on what the 290K was spent on, and when the RESULTS of all that spending will be announced, in a PR!
Trapper--That is great to know that as of June 2010, they/CNEX have actually spent:
10K staking
185K property rights
95.5 K geophysical and sampling
_______________________________
Total spent: 290.5 K !!
(from report you kindly sent the link to.)
Thanks Trapper! I will look at page F5 mining properties!
Good job getting filled at 0.0003!