I have come to the conclusion that Pete is right about his locations. They are the only ones in the area that meet the criteria. I have also come to the conclusion that we have hit the short term bottom...we won't know for sure until Smitt posts his news on the SS on Tuesday.
Look, folks, CNEX is a favorite of mine, and I have absolutely no doubt that they are sitting on gold. It is simply a matter of time...and when we move, we move violently!
After much DD in the past few weeks I have come to the conclusion that the company is finished (or soon to be finished) with their dilution to fund further projects in the short term. I can't imagine that they will fully dilute just because they can, or that they have the ability to. If that was the case, you would have seen more dilution during the last run up. I think we are fully funded for the IP project, and I also think that the geo results simply are not in yet. Plain and simple. Edwin couldn't wait any longer for the pps to move up...he had to dilute in order to fund the next step. Bad timing??? Absolutely. However, I think his hands were tied, and we should be past the downward spiral.
Look, we sat at .0015 for several weeks. Nothing happened. The dilution didn't occur until the news was put out about the IP project. Putting two and two together, he needed money for the next step...not because he knew somehow the company was doomed. They have a number of hot spots on the property, and this area is loaded with gold!
I'll be as honest with everyone as possible. If Smitt's SS returns and shows no further dilution, I have no doubt this is the bottom. If this be the case, I am loading up, plain and simple.
Sorry for not being too enthused for the past weeks...the pps drop got the better of me. CNEX is still a speculation...but if they can prove what we think they can prove, it is worth the risk.
Pete, CNEX will soon be "to da Mars!"
...and I'll be there with ya! ;)
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