Replies to post #41776 on Cannon Exploration Inc. (fka CNEX)

[TRAPPER JIM]

Yes someone could buy the property but it.Like buying a used car right now its as is no warranty so its pretty much worthless as a buyout offer would go.Now if IP was done and drilling was done and an NI43-101 was fully completed and a geologist verified and said in the NI 43-101 report that there is x number ounces of gold on the property THEN ITS WORTH SELLING FOR A BUYOUT.But right now its an unproven property because cannon hasnt proven anything.

[Super Dave]

Couldn't someone buy them out or merge?

Sometime over the last couple months, I posted that my ideal PR from Edwin was that they were being bought out. From yesterday's interview, he doesn't appear to want that. He said they want to go alone.

I worked for a CEO who was very similar. We kept trying to tell him that the 4 of us didn't have the resources to become an Exxon, and that we should focus on doing what we were good at. But he wanted to conquer the world, and the world wasn't willing.

CNEX is not a miner. Find gold, sell the property. That should be their plan.