I quote this because it is the source of my frustration today. I did have 400k shares @ .007, no intentions to sell. Well I had to pay off some bills completely in order to get my security clearance so I sold CBAI to do so back in November.. ultimately that clearance was #1 priority but I cant help but acknlowledge that CBAI most likely will hit .02 this week. It is well on its way in the progression that I expected. My intent was to wait until .10 to sell, which looks like a reality.Originally Posted by tony
But I post that to state why I am sticking to the original plan. CBAI was one of those plays that I had complete confidence in and would not have sold for an reasons. I did my DD and I felt like it wasn't a matter of if but when. Well when is now. So I've done my DD again, I've mentioned KATX and CNEX. Both are mining companies which I dont have a whole lot of experience in but I have done my DD. KATX is one of those when not if plays, their properties have gold. I'll quote another investor on the potential here:
UXG is currently @ 2.55 with a share structure that is 80 million less than KATX. I know it seems like jibberish but the figure to pay attention to in the samples is, UXG's high test sample is 2.9gpt while KATX have found samples at 202 gpt, 158 gpt, 94 gpt, 82 gpt on their properties. Neither company is currently mining so what is the difference? UXG has done test drills and KATX has not, but they will be doing so shortly. If those test drills reflect the samples the offers for a Joint Venture will be lining up which will send this one skyrocketing.KATX Gold Results from Handcamp
During the first phase, rock samples were collected over some of the prospected areas with numerous samples showing very encouraging mineral results, of 158g/t Au, 94g/t Au, 82g/t Au
Results from KATX Twi-Lite Property
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold)
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t)
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t)
The Paddy's Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t)
Now Lets take a look at some of the Gold results from UXG:
US Gold Nevada Property
US GOLD CORPORATION (NYSE Amex: UXG)(TSX: UXG) is pleased to announce good exploration results from Nevada. The best results continue to come from West Pick, including 0.06 opt (2.05 gpt) gold over 75 ft (22.9 m) and 0.027 opt (0.94 gpt) gold over 180 ft (54.9 m)
These channels are present in the West Pick area where US Gold has encountered significant mineralization, including the best results announced earlier this year of 0.085 opt (2.9 gpt) gold over 150 ft (45.7 m) and 0.065 opt (2.24 gpt) gold over 120 ft
I'd be lying if I threw out a target share price out there. Some are saying .10, others $5.00. Nobody knows for sure but I do know that this one has so much potential and this is the first play that my exit point is not based on price but rather specific events. This could turn out to be a long term play that I hold for years but what I do know is I will not let history repeat itself, I am standing firm on this one, which is why I refuse to sell to chase other runs. GL to everyone
And oh yeah CNEX, this play is speculative for me based on nothing more than share structure. The actual float is around 6 million shares, and the price is .005. You do the math on that, a million shares will cost you $5k but you'll own 1/6th of the entire float, but it is so thin that you'd never get all the shares @ .005. 10k blocks were pushing the bid up to .0078 today, the MM's try to walk this one down but if real volume comes in they will be at a loss and .03 is not far fetched. CNEX is a short term play, even a pump and dump would be highly profitable.
Reply With Quote