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Copper is an exception. Today it's now over $3.90 a pound. Info below is from a copper site:
"Copper prices today are more than twice what they were just two years ago and many experts and analysts predict that they could go much higher. Metals and commodities have performed strongly in recent years as the developing economic recovery begins to take hold and economic expansion returns. Inventory levels are currently approaching their lowest levels in several years which is also a contributing factor behind the rapidly rising prices seen in recent history. Many industry experts predict that new mining will be unable to keep pace with global demand resulting in rapid price appreciation in the near future. Copper traders have been eager to buy on any significant dips or pullbacks which has helped to lend support to the uptrend. As commodities in general appear to be setting up for a renewed move to the upside, any opportunity for investors to buy at an attractive level are forecast to be brief."
Looks like you will be correct. We need someone like you to handle CNYC's Investor Relations. Someone who tells it like it is.
Has anyone here called the company and talked to anyone there recently? I have called, but talked to an answering machine. The machine asked me to leave my number, but I didn't. I didn't really think anyone would call back.
We're all in the same boat. Nothing to do but wait. Should go fishing, but the NY Mets spring training starts here next week. Monday night game with the Washington Nationals. I go to eat the goodies and talk to the old timers.
A 100 share "paint job" with 51 seconds of trading remaining today kept CNYC at .15. Otherwise, it would have closed at .111. Why doesn't someone buy 10,000 shares at .50 late tomorrow? I'll furnish the 10,000 shares. It would look better.
I have a feeling that a buyout offer is causing the delay in releasing the assay report. I know that Bob told me several months ago, that a company was going over their books,looking at their property and talking to CNYC's officers. Probably something that he shouldn't have told anyone, but he did!
I'm a bit worried about the long delay in releasing the assay reports. What's the holdup?
No news is what's killing the price. Who would buy into a company that doesn't issue any PR's? What's said on IHUB is only the opinion of the person posting the message here. We need some real facts from CNYC to get the stock moving! That's what they said they would do.
Looks like they are getting ready for the Canyon Copper Treat. It's received the OK from McDonald's HQ and will be promoted with a lot of advertising soon. This was what they said last July, but a few holdups have come up. The officials at Canyon are working very hard trying to get this moving. Lines are forming all over the country waiting for this new treat. It's now OK to hold your breath because it coming very soon!
It will be introduced at a big Copper show in Las Vegas just before Christmas.
Someone just painting the closing price to make CNYC look like a growing company to investors who only look at the close. Makes the stock look better. You could buy a nice lunch at McDonalds for the money involved in that trade. Maybe even top it off with one of those cheap $1.00 ice cream treats.
They sound like owners of a nice reataurant with a freezer full of lobsters and steaks, wondering why they have no customers. Could be that they haven't opened yet. Maybe soon. But the food is worth a lot of money if they would only get busy and open their business.
It would be nice to have this be a long term gain. The way they are currently working, long term seems a sure thing!
I think CNYC is looking for a buyer. I think they expect to get about $1.75 or so per share. That is only my opinion after reading a number of replies from Bob to me and other CNYC stockholders. Don't think he ever mentioned an exact figure, but he didn't say that price was out of the question. You had to read between the lines of numerous replies to CNYC stockholders, when the stockholder brought up a figure for a buyout. JMHO
Looks like CNYC is back to a dime now. How low will it go?
Has anyone here had contact with CNYC recently? Are they in trouble or just slow? I know that they have a lot of potential in their Nevada properties, but if they aren't doing anything, what good is potential? A bit disappointed in the company for their recent do nothing attitude. Might be a lot of great guys that are working hard behind the scenes to make CNYC a great investment and a great company, but I don't see it.
I hope you're right. I know they have the goods, but think they might lack the will.
Thank god that CNYC isn't on a slow track getting this thing moving. I guess they could possibly get moving sometime this year or next.
Last September, Bob said that he expected the assay results would be out next week. Next week never came! I would think that they would want to get this moving.
I just hope that another company with deep pockets is interested in CNYC. CNYC doesn't appear to be willing or able to put their properties into production. For the stockholders, our best bet is a nice buyout offer. I would be happy with $1.75 a share or in that range. It's worth a lot more, but the properties need to be explored to find out their total potential.
Since the assays haven't been available to us, we don't know what they're dealing with. Let's go guys!
I hope the CNYC officers know that we are not real happy, since we are being kept in the dark about what is going on within CNYC. They said they would release the assay report several times recently. Nothing happened.
After the TSX listing, things would get moving. Drilling, hiring a field supervisor to work on site and then a good deal of promotion of the company to new investors. They operate the company like a bunch of monks. Quiet about everything. Silence is golden!
Give the long term stockholders a break. Do something positive!
It's impossible to get a valid positive opinion of CNYC, since they are not releasing any information. My opinion, that I posted today, was the best case for CNYC. Worst possible case is not something I want to think about yet.
I hope that CNYC's officers have a big surprise in store for us. They could be in talks with a potential partner or better yet, a buyout offer. Don't have a clue as to the real reason for the holdup, but it might be positive for the stockholders.
CNYC has a massive asset base in Nevada, and by talking at all these resource and geologist's conferences, connections could have been made that will be of value to the shareholders. JMHO
You think the change Bob's talking about is Spring!
He could be right on that!
2011 just flew by. Hope 2012 goes by a little slower. CNYC could have worked through the, so far, mild winter, and then be where they should be at this time. But, their broker in Toronto wasn't doing the job they expected. And the assay office was terrible. What else could go wrong?
Don't forget that Vancouver has a 3 hour time difference from Eastern time here. 9 AM there is noon here and 11 AM is 2 PM Eastern time here. Just FYI. Good Luck!
Great update about CNYC's future work to be done to get them up and running. Looks like you have a good grasp of what CNYC should be doing during the upcoming year.
I and other CNYC shareholders would be very happy to see this progress made. They have the assets and superior management to make the company a big player in the natural resource field this year. With estimated assets of between $8 billion and $10 billion in the ground and possibly more to be found, CNYC is a "Sleeping Giant".
I only posted a small bit of the information from the emails, not the entire message. And I never used anyone's name at CNYC as my source of information, even though it was clear who talks to stockholders for CNYC. Also, I don't consider an answer to my question, from a company representative, to be a personal email.
I have always felt that if I am given information by someone from a company, it's then in the public domain and should be shared with all other stockholders. I don't want inside information and wouldn't use it. The only things that I have posted here have consisted of information that I thought might be of interest to other stockholders. Isn't that what IHUB is for, sharing information about a company in which most readers are stockholders?
I agree and any information that I have posted here from Bob was correct and not altered. Nothing really earth shattering was mentioned.
Bob is a very nice person and tries to be of help to any stockholder who contacts him.
I have never used any social media to discuss any stock. IHUB is the only place that I mention CNYC.
Bob is right to tighten up his information flow.
About a month ago, Bob Meister of CNYC, advised me that a company interested in either buying or merging with CNYC, was going over their books, looking at the properties and talking to the company officers. He said that was one possibility of the way CNYC would go.
I had asked him if a buyout was possible, when he advised me of the information above. He said nothing was in writing, as yet, but it was a possibility. He also told me that other companies had inquired about a possible merger, but nothing else was said. With the main officers of CNYC being in the business about 40 to 50 years, I know they don't want to drag this out a long time. Just common sense! JMHO
I believe these were investor conferences, per the email I received yesterday. I got this belated email from some Canadian company that I never heard of. But, they are promoting their company, like CNYC isn't doing. They had a booth in Vancouver at the Resource Conference this week. I got an invitation to drop by their booth and also hear their CEO speak at the "Speaker Hall South". Did CNYC invite me to visit their booth? No.
I just looked at the information and pictures on this company's link. A very professional job! CNYC should be doing something like this! JMHO
Email info below:
Dear Investor:
You are invited to hear Lenic Rodriguez, President & CEO of Aurcana Corporation speak at the Vancouver Resource Conference on Sunday, January 22 at 11:30am in "Speaker Hall South" at the Vancouver Conference Center West in downtown Vancouver. Also, stop by booth #2133 to hear the latest in the development of the Shafter Mine as well as updates from La Negra.
Click on this link to read the latest research report on Aurcana written by Beacon Rock Publishing. It includes recent photos of mine development at Shafter. http://www.aurcana.com/i/pdf/Aurcana-BeaconRock.pdf
We look forward to meeting you at the conference.
Best Regards,
Aurcana
I agree with everything you have said in your last two posts. How much time does all of this take? I'm still picking up a few shares as they continue to float out. I notice that there has been no activity on the TSX-V Exchange the past few days. I thought that some promotion of the company, in Canada and the US, was taking place at the conferences in Vancouver.
I'll just be happy to find my copper. Gold is nice, but you have to work the properties for them to pay off.
This company needs some promotion to help the stock's price get back up.
If CNYC needs additional funding in the future, it could be tough with the stock's price this low. I have yet to sell one share and have continued buying.
I'm starting to think that might not have been a wise move on my part.
Somebody painted the closing price with a 100 share buy at .17, with less than a minute left in the trading.
Got a message from CNYC late today. There are two different conferences going on in Vancouver this week. One is for investors in resource companies and the other is for Geologists. Keeping CNYC officers busy. Assay results still the top priority. Those results should be out very soon. Lots of action in Vancouver this week.
Looks like you got your 25,000 CNYC shares today at 9:41 AM. And at your price, 14 cents a share. Good job!
I have been assured by officials at CNYC that information will be released next week. It's expected to be the long promised assay reports. The release could come as soon as Monday, according to the spokesperson at CNYC. We shall see!
It's nice to know that the transactions thought to be sells were really buys. It's strange how this big a foul-up could happen.
I just wish we could now get the assay results. That should make a lot of CNYC stockholders happy, including me!
I have also used price drops to add to my position in certain stocks and have had good luck. I used the CNYC current drop to add a large number of shares. It lowers my average price a bit also. Take Care and good luck!
I've also heard that from another source. I hope that is the case!
I hope you are correct.
Members of the CNYC Board of Directors selling sends a bad message to potential buyers.
I wish they company would get a buyout offer for a few bucks a share. That way, we all win. It's a big gamble otherwise! This could drag on for years.