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Callinex Mines Inc V.CNX

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  CLLXF

Callinex Mines Inc is a mineral exploration company. The Company is engaged in the exploration and evaluation of assets in Canada.
Price: $0.33 | Change: +$0.06 | %Change: +22.22%
Volume: 2,500 | Day High/Low: 0.33/0.32 | 52 Week High/Low: 0.40/0.16
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RE:RE:RE:Willy, Harry & Harpoon!

Yes good feedback. For me, investing on companies that can market along with execute from a technical perspective is key. I've been involved in too many companies that lack the promotion and more
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RE:RE:Willy, Harry & Harpoon!

Great post  harry...i think u summed it up in a nutshelll...nonetheless its a great story,real i am along for the ride as well  rate and reply
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RE:Willy, Harry & Harpoon!

sb342-Let me preface this by saying I have NO for sure answer, but I do have some thoughts about  it.  First of all, they are aggressively advertising their story right now.  Several newsletters more
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Willy, Harry & Harpoon!

Any recent buying or selling of CNX? I bought some today as it appears an overhang on the stock is quickly eroding. There was also some very aggressive buying today in mid-$.30s. Wonder what more
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CNX up to .38 today...over 100K shares bid above .30

Interesting day for CNX holders!  rate and reply
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Willy...the engine is startied and I am waiting at the stop light. Seeing green.  rate and reply
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finally..drillin bout to commence...gentlemen...start your engines potentially MASSIVE massive sulphide deposit  rate and reply
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RE:sb342 Makes Great Point

Yes I have even offers where the issuer offers shares at a discount to market, a FULL warrant with reasonable strike price AND THEN offers a 10% finders fee WITH FINDER FEE WARRANTS. You think of more
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sb342 Makes Great Point

I agree--financing is the life blood of a prospector.  You make a great point about issueing shares instead of an outside financier coming in.  I am involved in another venture where they more
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RE:RE:RE:RE:Re: Still confusing???

Gotcha. I was a bit confused as you were talking about one shareholder having to pay the buck but another wouldn't. In this case all shareholders are in the same boat - small or large. This more
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RE:RE:RE:Re: Still confusing???

Harpoon buys one share of stock at $1.00.  There are 10 shares existing. Harpoon's share of the company is 1/10 of the companies worth.  Company issues 1 new share to driller to pay for more
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RE:RE:Re: Still confusing???

Harry - How exactly does Harpoon's money pay for drilling? All shareholders are impacted the same and the only one who has to put up money is the driller as they are paying for services and more
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RE:Re: Still confusing???

It's more accretive and less dilutive to issue shares to the driller then to raise capital from any shareholder. Here's why: Option A: Drilling received shares at no discount to market and more
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RE:Re: Still confusing???

Be not confused, Harpoon33.  Rich investor whose son is finance guy here would rather use your money than his.  If and when the company sells, they have invested less and your money has paid more
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Re: Still confusing???

I am a product of the spin-off as well as the subsequent financing.  I fully undestand the weak market for exploration companies.  However, in view of the company's access to 'deep pockets' ,  I more
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RE:Still confusing??

Harpoon - All good points but I think you should consider that some selling pressure may be from the recent takeover of Callinan. Many shareholders own both and received them through the spinout. more
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Ghillarduci measure

Go to Google and look up the Theresa Ghillarduci measure which was passed into the law of the land under the auspices of Reid/Pelosi enabling the government to seize your assets.  Then think more
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Still confusing??

1. Excellent drill results 2. Shares for debt 3. Deep pockets 4. Selling pressure What am I missing?  rate and reply
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RE:RE:RE:RE:What does it all mean??

SB--Thanks for post. Good update.  rate and reply
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RE:RE:RE:What does it all mean??

CNX has 697K in cash as of March 27 and paid driller in shares so certainly not out of cash (from current presentation). They also get $200K back from the government. As far as paying the driller more