Cannon Exploration Inc. (fka CNEX)

[El Nica]

Good Morning CNEXers. Everybody hold them tight, I know is hard to remain optimistic, I'm down over 50% on a large investment, whoever the part that makes mad is that I have no more $$$ to add and bring my average down. I knew from the time I got invested in the stock that for anything the company will do, we the investors were going to fund it, but never cross my mind it will go to this extreme. Let's give it a week or two to let things settle.
Keep in mind that once this is all done the company should have sufficient $$$ to take us to next level and once the dilution is done we are bound for a big bounce or breakout. Another thing to consider is that before the news of gold in the property was confirmed, the stock was trading at around .02 so now that we know for a fact there is gold I see no reason why we can go back up to this levels.
The price of gold as we all know is on the rise and big places like China would like to get their hand on what we got on those people and investors with deep pockets are now watching. I see a lot of potential here, I think that at any given moment a PR announcing a secured financing deal can come at any time. IMO.

GLTA... Go CNEX!!!!!!