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I didn't know stocks could trade as low as 0.00005! I only thought they could go to 0.0001 or NO BID. Can they trade in fractions like 0.00005 too?
That's a GREAT way to raise $500,000! Now, we just need to tell Edwin to do that: speedily, and without hurting us all too much, with a too lowered share price!
0.0005 sounds GOOD compared to where we are now!
Go to the mine and prosper, Edwin and Karen! Go find us the GOLD multitudes!
Somebody will BUY them! This property has GOLD and people KNOW IT!
Really? Selling them Nine million at a time.....so we may sit at 0.0001 or 0.0002 for a while, you are saying, until he pays for everything!
Sigh....how true!
How true that is! 0.0001 here we come!
Something does beat nothing, for sure.
Edwin has shown some small planning skills, and he is working on getting the rest of the 800K needed, for those Options, I believe.
That is good we have that 202K in reserve, to use against the ~ 800K we will owe for future work at the Queen, and for those Options!
That is good we have that ~202K in reserve, so far, as we will need it against that ~800K or greater, that we already owe for future work at the Queen, as per your last message.
That is A LOT of money he has to raise, at least $800,000----I wonder how he's planning to pay for that??? A JV possibly, as Karen alluded to recently??
I see...so we can get ready again for some more dilution, possibly in 2011, to pay for additional work needed at the Queen.
All of my large/mid cap GOLD mining stocks are up today, and 1 microcap GOLD mining stock is also up today. I love to see GREEN in my accounts! Yippeeeee!
At least he has 200K in spare, for future work on the Queen. We can give him credit for planning ahead on that $$$ front at least!
True, he has had plenty of time to write up a PR, I think it is just not a priority with him!
I just bought some PRMO today, I was hoping to buy at 0.0001 or 0.0002 but ended up having to get it at 0.0003!
IMO, our next update / news will be via a posting on the Cannon web site again, like Edwin's last letter was. Sometime in 2011...
It (Penny stocks) is/are definitely better odds than playng the lotto, and you have so much more control over what you do, and when you do it---the outcome!
Thanks for your message, Trapper! Hope CNEX does something good in 2011!
Thanks!
I am thinking of buying PRMO tomorrow, a little less than 1,000,000 shares, trying to get them for 0.0001 (good luck to me!) and holding as a "long term potential" investment.
They found significant gold in some grab samples, see the main IHub page introduction on PRMO.
I am betting on them going up, but am putting in less than $100 right now, and seeing where it can go, over 1 year's time.
JPS02---Thanks lots for your PM. I do not have PM capability a this time, thus the public reply.
Yes, I am about to get into PRMO tomorrow morning (less tan $200 worth) and was seeking your opinions of the risk/reward here, to be had. What is your take on this stock please?
Thanks for the great great valution post!!
This is a great post too, for you all, from Sprattnike on the SFMI Board:
*****************************************************************
Gold bars and silver balls...ready to deck the halls....
as per GATA:
In new commentary for Investor's Digest of Canada, Sprott Asset Management Chief Investment Strategist John Embry talks back to U.S. Treasury Secretary Tim Geithner and Warren Buffett's business partner, Charles Munger, and predicts that precious metals will surge shortly. Embry's commentary is headlined "Gold, Silver Could Go Ballistic By Year-End" and you can find it at the Sprott Internet site here:
http://www.sprott.com/Docs/InvestorsDigest/2010/MPLID_112610_pg401Emb.pdf
Like you, I am very charged up about the 2011 prospects for operations of PCFG!
May I ask you another question, please? You seem very knowlgeable. Have you ever heard of a stock called PRMO, a mining company, and if so, what do you think of it? It comes highly recommended by Penny Stock Geeks.
Go PCFG!!!
Gotta love the MOOSE decorations! Go CNEX Moose!
We were out Xmas shopping yesterday too, and now we're done Xmas shopping, thank goodess! Do you know anything about a mining stock called PRMO by chance, recommended by Penny Stock Geeks?
TO BE: Kept under radar is right!
I say to "set it and forget it" at least for a while. I think if we can forget about CNEX for several months, and just 'let it ride', we may come back one day and be pleasantly surprised!
IMO, of course.
Dear Trapper---- Happy Holidays to you and your family! How are things on this wonderful Saturday? Ever heard of a mining stock called PRMO, in Madagascar and Ghana, with excelent grab samples, recommended by Penny Stock Geeks? What do you think of it, please?
Grow CNEX!!
Thanks for the good tip about GPXM---I will take a look at it for sure.
That is too bad your CNEX buy orders at 0.0001 do not go through. But, as you said, maybe you and I both have enough invested here, for now!
I looked at a post on PCFG's site today, and last year it was at 0.0028 and now, 1 year later, it is at 0.02---up 10 fold! So, that can and will happen with good company penny stocks.
IMO, when CNEX really gets going, it will/can start to rise like that, 10 fold, etc... in one year, too!
I couldn't put any more $$$ into my Roth IRA this year, so I opened a plain, taxable brokerage acct. recently, and put some monies from a MM acct. into: AUY, GSS, HL, HMY, NG, and SFMI, about 150 shares of each, except GSS--364 sh, and SFMI--1596 sh.
It is quite different, trading the BIGGER gold mining companies like these. They have UP days quite often, when GOLD is up, like today!
GROW CNEX!!
Good for you sending so many e-mails to Karen to get a reply!
She replied to my last one, containing multiple questions, that she "was working on getting an answer from Edwin" and that's the last I heard from her!
I did call her once, and spoke with her and she was very friendly and knowledgeable, though. You might try calling her, if it doesn't cost too much for a call to Canada, or whereever she is located at. She said I could call her 1X per week, anytime.
Interesting we both received a PM about that.... I don't think it is worth spending $30 at this point, however. Thanks for your fast reply.
Grow CNEX!!
Trapper- I just got a PM saying they raised the Authorized raised to 15 billion. Can you confirm this please? Thanks ! BSNB
That's what Trapper thinks! GLTA!
Next fall sounds good for an expectation of some positive results. ....Let's See what Edwin does next year, in terms of exploartion and proving our GOLD, like you said. Cheers! Grow CNEX!
Could be the morgue.....Time will tell about CNEX.
It is best to "set it and forget it" for a while.
Yes, if we can all just be patient and not get disturbed about 1 day or 1 week or even one month, in a year's time, this stock will be in a much better place IMO!
Me too, I am going home too!
That is too bad we can't have any at 0.0001!
This will see its day, however, IMO, in due time. Grow CNEX!
There's that contrary sentiment again---contrary to "buy low, sell high". Some silly people are "buying high, and selling low", or else they are shorting the stock!
Thank you for such a thoughtful, well reasoned e-mail about PCFG. I too, am a long term holder, even though I acquired my shares fairly recently. Patience is the key, and to not sell, when nothing much is happenning! Something WILL happen, and fairly soon!