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I don't know what to think for sure. I'm really trying hard to be positive here and hope for the best. Bob is making the issue here about posters misquoting him instead of the real issue of lack of information from the company. Stop withholding information from shareholders. Even if it is not their intent, it is what their doing.
No doubt. I would hope there is a method to their madness/silence. When it comes to not releasing the assay results yet. They have been sitting on them for months. I'm hopeful they will Spring into action. Maybe next week?
Anyone ponder as to what is going on behind the scenes? The promotional campaign that has been talked about starting since last July has to commence soon. Doesn't it? How else are investors going to know about CNYC?
We also got listed on the TSX exchange and secured a round of financing for their Phase I Exploration Program. I know they haven't amounted to any thing yet, but I think they were great accomplishments for the company. At some point they should reap the rewards. JMHO.
Now that is funny...
Next week! lol...
I'm keeping an eye out for a change coming...
----- Original Message -----
From: Robert Meister
To: 'Larry
Sent: Thursday, January 05, 2012 10:44 AM
Subject: RE: CNYC 2012
Canyon Copper, We have been outlining our plans for the coming months these last couple of days. Canyon Copper will be more pro-active with our marketing/promotion and exploration this year as we have LOTS to make up for and LOTS to accomplish. We have a long list of initiatives that will be launched, so look for a definitive change coming.
Talk soon,
Bob
You probably won't get replies openly on the board from other people who agree with you. Appears waiting is all we can do. A little while ago I sent a request to Bob Meister for any updates he is allowed to share with us.
Call Tony Harvey, the CEO, at 1-888-331-9326 ext. 224. I was told the best time to contact him was between 9:00-11:00.
Stock market records best January since 1997. The company can't use the market as an excuse for not releasing news anymore. They used that for nearly a year. Which I can't blame them for that. But things have changed.. Markets are stronger and copper prices are headed back up towards $4.00 again..
Everything is now lined up in the company's favor. Perfect time to apply for drill permits and get the drill units on site. With that they will need to hire an onsite geologist to run operations..
The statements below are just my thoughts & opinions. To each their own, but this is the way I see the company moving forward in 2012.
I believe we will start to see the company follow through with their phase I exploration program in February. I think we'll see an orchestrated effort to get the PPS up higher then where the last round of financing took place. Then they can seal another round of financing to get through phase II.
To get the PPS higher they will need to start checking the items off the list below. Then we will see a lot more interest coming in CNYC/CNC. As they progress along and get closer to the "Feasibility Study" the potential for a buy out strengthens. If no buy out, then they move right into production. Either way the PPS will be a lot higher then current levels.
It's my opinion with the age of the company's officers and their previous experience, that they are working towards becoming a buy out target of a larger company.
The approximate company asset value is $8-$10 Billion with a very realistic opportunity to double that with growing their resources on both properties.
1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
Revise Longshot Ridge resource estimate incorporating re-assayed values of 2006 drill & systematic road cut samples.
5. Apply for permit to drill on & around Longshot Ridge & adjacent copper oxide targets.
5. Apply for permits to drill Copper Queen & Champion target areas.
5. Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line & Buffington mine workings.
5. Initiate further work on metallurgical testing & environmental base line studies for Longshot Ridge deposit.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future. * COMPLETED *
ADVANCING THE PROJECT
EXPLORATION 2011 -2012
Phase I Exploration Program
The Company commenced phase I of its exploration program on the New York Canyon Project in July, 2011. The exploration program will involve the following:
•Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
•Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
•Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
•Apply for permits to drill the Copper Queen and Champion target areas.
•Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
•Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.
Project Summary
A subsequent PHASE 2 infill & extension drilling to be conducted. Drilling, Assaying, & Project Development.
Immediate Corporate Objectives:
-- Develop a bulk tonnage Copper and Molybendum property in a 5km x 3 km mineralized belt.
-- Aggressive drill program to expand current NI 43-101 resource.
-- Acquisition of neighboring properties with significant resources.
-- Aim to establish a 2 billion lb. copper / molybdenum/gold resource and become a near-term producer.
RIGATONI
Previous DD call with CEO.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60613781
VPER - Sweet call.. eom
I've been grateful that Bob has been as open as he has been with us. He's doing the right thing by letting us know his position now. I understand where he's coming from and agree with him.
For all to read -
----- Original Message -----
From: Robert Meister
To: 'Larry
Sent: Tuesday, January 31, 2012 11:02 AM
Subject: RE: CNYC
Larry,
Because some of my comments to some people have been skewed, altered and incorrectly placed on IHUB and other social media outlets, I will no longer be making specific comments to the shareholders. I will be answering questions, comments and concerns with brevity and specificity and not be making personal comments to go along with my answers. Over the last couple of months my comments have been altered and placed on social websites noting that they are coming directly from me when this is incorrect. With the strict rules of the multiple exchanges that govern over our company I cannot be misquoted or misrepresented. I hope you understand.
In regards to the assays. I have asked our Chief Geologist for an update and he has commented that the news has been prepared and will be forth coming. As I am not privy to the exact timeline (this is made by the board of directors) I cannot comment any further.
Thank you,
Bob
Fine thanks - Yep, just hanging out mostly in CNYC. Just not interested in risking more money at the moment. Hope someday the markets get moving and see multiple stocks running each day. It's been a long time. Just no excitement in the markets these days. IMO
Hope your stock moves past .10 for you. I'll be watching.
Very nice.. Congrats!
He hasn't had much to say lately. He hasn't responded to any of my emails in a week. Maybe he doesn't know what to say after telling myself and others, that news would be out last week. I'm not upset there was no news last week when he said there would be. If you've been here long enough then you know that's how it goes with this company. Just release it all ready..
Below is a portion of an email I recieved more than a week ago. FWIW
----- Original Message -----
From: Robert Meister
To: 'Larry
Sent: Thursday, January 19, 2012 3:02 PM
Subject: RE: Tony Harvey
Hello Larry,
We will be announcing the assay results next week. Ben had to do some last minute adjustments and recalculations on the results… but we are very happy and encouraged by the results.
Talk soon,
Bob
Nice post... eom
Investors from overseas at these conferences. Assay results will confirm what this company has to these investors. Now that copper is rising again it will make it easier for them to open their pockets up to CNYC.
All Just My Humble Opinion...
Great! I know quite a few investors that continue to add. Potential is still HUGE. IMHO
For anyone that has been here since Fall of 2010 this has been a disappointment. No matter how you try to sugar coat it. Went through a small R/S and have watched the price drift lower for 10 straight months. I don't believe the float is as low as claimed. NITE always has plenty of shares for sale. It's great that the insiders have continued to purchase shares, but it will take more than them to move the PPS upwards.
Waited 6 extra months for the TSX listing and for them to secure a round of financing. Now we have waited 5 extra months for the assay results. The assay results themselves won't create any buying but will represent the first completed step in their Phase I Exploration Program. This program was outlined on July 18th. You figure out how long it has taken to complete 1 step. It is common for things not to go as planned and take longer than expected. But this company has had delays every step of the way. Is that common?
The assay results have been ready for release since last week. (If not a long time before this) The company does not know how to generate any momentum. They should of released the assay results yesterday.
They are going to try for $4-$6,000,000 of financing in the near term. What price are they planning to do this at? We're not even at the $.35 from the last financing. Where is the money from their previous financing?
I have been told there was going to be a PR & promotional campaign since they got listed on the TSX last July. This has not happened. They have to have something to promote in the first place.
They were suppose to have 3-5 drills on site and have hired a geologist last February. Maybe this February it'll happen. They have had plenty of time to workout a plan of action.
The officer's here may have a lot of experience but aren't getting any younger. Kind of worries me that the ceo is almost 80 yrs old. What happens with the company if something happens to him?
These are some of my concerns as a shareholder of this company. I'm still here and as eager as ever for the company to make some progress. Bring it on!
CNYC = STILL WAITING:
1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
Revise Longshot Ridge resource estimate incorporating re-assayed values of 2006 drill & systematic road cut samples.
5. Apply for permit to drill on & around Longshot Ridge & adjacent copper oxide targets.
5. Apply for permits to drill Copper Queen & Champion target areas.
5. Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line & Buffington mine workings.
5. Initiate further work on metallurgical testing & environmental base line studies for Longshot Ridge deposit.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future. * COMPLETED *
Glad to see progress. Releasing the assay results will show that they have completed step 1 of their phase I exploration program. We've been waiting a long time for this. Hope to see the other steps completed in a much timelier fashion. With a sense of urgency.
Phase I Exploration Program
The Company plans to commence phase I of its exploration program on the New York Canyon Project in July, 2011. The exploration program will involve the following:
Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
Apply for permits to drill the Copper Queen and Champion target areas.
Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.
Sweet! Glad they finally closed that agreement. Now they will release the assay results...
Tue Nov 29, 2011
CANYON COPPER CORP. Enters Into Agreement To Acquire MOONLIGHT COPPER PORPHYRY Property
Canyon Copper Corp. ("Canyon") (TSX-V: CNC) (OTCBB: CNYC) is pleased to announce that it has entered into an assignment agreement (the "Assignment Agreement") with Metamin Enterprises Inc. (the "Assignor"), a company controlled by Benjamin Ainsworth, Canyon's President, Secretary and director, and Metamin Enterprises USA Inc. (the "Subsidiary"), a wholly owned subsidiary of the Assignor, to acquire the former Placer Dome Moonlight Project, a bulk tonnage porphyry copper, gold, silver property. It is located on the Northern end of the very productive Walker Lane Porphyry Trend that includes major past producers such as the Yerrington Mine in Nevada and properties like Canyon's New York Canyon Project, south of Hawthorne, Nevada.
The Moonlight Property is located in an area with a historical mining tradition that brought significant benefits to the local communities around Crescent City, Plumas County, California, with a low environmental impact. The local community has been involved in logging and mining historically and is currently enduring high unemployment. Local support was expressed for a recent exploration effort (2006-8) on the Moonlight Property for development of a long life project in the labour catchment area.
I was hopeful the assay results would of been released today. Would of been nice to start the week off with news.
Nice to see copper trending back up towards $4.00 again.
Not sure on price guestimations here anymore. End result could be good.
Could they ask for better market conditions? (NO)
They can't use that excuse any longer.
Release the assay results...
A nice 50,000 purchase on the Bid for CNC at .12 this morning.
http://tmx.quotemedia.com/quote.php?qm_symbol=cnc
Copper Is Signaling Global Expansion
ETF Digest
01/13/12 - 10:38 AM EST
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By Scott Pluschau
NEW YORK (ETF Digest) -- Copper futures are taking off. Copper is an industrial metal and has a history of use for 10,000 years. It is seen as a leading indicator on whether or not the economy is expanding because of its wide use as a conductor of heat and electricity. There has been a great debate among the fundamental analysts about "Peak copper", similar to the arguments of "Peak oil", but in that we have only so many years left before the reserves will be too costly to continue to mine.
More and more pounds of "ore" are needed deeper and deeper into the surface to get the same weight in the metal apparently. This argument points to a much higher price in the long term for various reasons. It will be hard to replace Copper as it is 100% recyclable without any loss of quality. There have been many headlines in the news recently about copper thieves stealing the metal from anything they can get their hands on.
Let's take a look at some developments in the chart. Thursday's price action brought out a surge in volume, confirming the breakout from a symmetrical pricing pattern. This is what is known as an "Igniter Move."
An igniter move is when price and volume explode from a multipoint trendline. It signals demand from big money long term investors. This decreases the odds of a false breakout. Any breakout that happens on low volume is suspect. The symmetrical triangle is one of the most reliable pricing patterns in my experience. What it shows is a struggle between bulls and bears to dominate the trend. While they fight it out this builds tension for those who are long and those who are short as we converge into a point where one side is likely to run the other over. I stay on the sideline and don't guess which way it goes. Guessing is a poor strategy for a trader.
Although I don't rely on technical indicators to make trading decisions, it's worth noting the signals from the Relative Strength Indicator and the MACD studies. In the school of technical analysis, one popular trading signal is when the MACD has a centerline crossover. The RSI made new highs as well which is a confirming signal. Combined with the study of the auction and the pricing pattern this increased probabilities for a breakout to the upside.
The profit taking target on a move out of a symmetrical triangle using "measured rule" is the distance between the converging trendlines of the triangle at the first reaction point. This would put a price target at about $4.20. This doesn't normally happen in a straight line. We will have some reactions and consolidations before we would get there, and those are the great opportunities to add to a position or to take one. Do not feel like you missed the boat, as success is heavily relied upon the reward to risk ratio. Swim with the current.
With copper making an initiative type move into vertical development, there should be plenty of great trades in the near future. Should copper reverse and break below the apex of the triangle it would be time to reconsider a bullish stance.
JJC is the symbol for the Copper exchange traded fund.
Like a rising tide lifts all boats, the heavyweight base metal champion just might lift Lead, Nickel, Zinc, Tin, and Aluminum. Dave Fry of ETFDigest has a great article on the Top Ten Base Metal ETFs.
Subscribers to ETFDigest get email alerts for trades being placed in the model portfolios.
-- Follow this writer on Twitter/ScottPluschau
Comments are welcome at Scott.Pluschau@etfdigest.com.
A confidence boost. Insiders know & believe in what they own here.
Like chasing my tail..
Exactly. I assume most other members with that many membermarks post on multiple boards and play the pump & dump game.
I only membermark myself.. lol
Damn Ron. You have 1,000 followers. WTG!
Another investor has meantioned to me that one reason for CNYC not releasing news might be because they are waiting for share restrictions to be lifted from previous financing. I haven't taken the time to look at the filings to see if this is the case, but it seems plausible. Maybe that's who keeps selling through NITE.
For the float to be so small here it's a wonder there are still that many shares being sold. 500,000 shares were sold last May that the company said they didn't know who it was. Now they don't know who or why someone is selling now.
Hard to believe we have been waiting 5 months just for them to release the assay results.
FWIW - I believe we will find out that the insider that appeared to be selling shares was actually buying them.
I'm still hanging on and waiting for them to work through Phase I of their Exploration Program and onto Phase II. Progress is what I want to see!
Amen Brother!
Thanks for the info. FWIW I find it hard to believe they haven't completed this by now.
From: "Robert Meister" <rmeister@canyoncc.com>
Subject: RE: CNYC 2012
Date: Thu, 5 Jan 2012 08:44:26 -0800
To: "'Larry
Canyon Copper, We have been outlining our plans for the coming months these last couple of days. Canyon Copper will be more pro-active with our marketing/promotion and exploration this year as we have LOTS to make up for and LOTS to accomplish. We have a long list of initiatives that will be launched, so look for a definitive change coming.
Talk soon,
Bob
--------------------------------
I'll be looking... They can start by releasing the assay results anytime now.
No it couldn't have.
Hi guys. Checking in because a friend emailed me last night to say 79,000 shares traded under CNC on the TSX yesterday at .13. I believe this was the most 1 day volume since the TSX listing. I just got home from running errands and see 210,000 have traded at .13 today. Some one is loading up on the Bid... Could be something coming..
1:11 PM EST 0.130 65,000
12:55 PM EST 0.130 4,000
12:06 PM EST 0.130 45,000
10:29 AM EST 0.130 96,000
I'm out of here for a few weeks. I will spending as much time as possible over the holidays with my boys until they go back to school.
Merry Christmas & Happy New Year to Everyone.
Might try to add more at the end of next week once the dust settles. Most of us that have been here since last year are averaged in at .25 or higher.
I'm out of here for 2-3 weeks.
Merry Christmas to All...
.0812 x .12 now. May be a news release could generate some positive buying pressure to get us back around .20 for now -
Congratulations Immie!