Canasia Industries Corporation V.CAJ

Lets look at the last one

[NineLives]

Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE: CAJ)(PINK SHEETS: CANSF)(FRANKFURT: 45C) wishes to announce that it has been informed by the operator of the Clone Property that the bulk sample program has been completed for the 2011 season. The output tripled last year's production to approximately 102 tonnes. The grade of this year's tonnage is now in the process of being established.

Negar Adam, President of Canasia stated, "We are pleased that the crews were able to triple our output of the tonnage taken from the Clone. We look forward to establishing the grade of this seasons' operations. Last year Canasia announced the final grade for 34 one tonne samples retuned an average of 68.65 grams per tonne (December 8, 2010) and also had drill results on the Clone that returned drill intercepts of 44.75g/t over 12.8 meters (October 22, 2009). Management is also actively trying to source additional projects that could enhance shareholder value."

Who is the operator ?
Where is the Clone property ?
Where is it being milled ?
What was the profit for last year ?
What does the operator charge ?
How much is allowed in each bulk sample ?
When does bulk sampling expire ?
How did the crews triple the tonnage, was cash spent on more machinery ?


On and on.

[antono]

Just a lot more B. S.

[bigguyt54]

I would have to say i was in this pce of crap stock for 2 years, hearing the same old crap.I am out now but see nothing has changed.

[Venture100]

One would think that the bulk samples would yield as much as 3.5 million dollars gross revenue for them and that this would be sufficient to justify a higher price per share. I will continue to hold since previously the work on the clone project has coincided with an increase in the share price.  However, something seems amiss to the point where one has to wonder if they will delist.

[goofenoff]

Is the opt in to Clone going through or is Canasia left out due to noncompliance?Its a close call!Read the full Clone disclosure from the most recent MD&A. Here is the problematic section:As at December 31, 2010, we have incurred exploration expenditures of $1,495,424 on this property. Our company was to spend $897,964 by December 31, 2010, but due to weather constraints we were short in

[BFREE2]

They still have time...........but they tend to drag their feet, so who knows?"......we were short in expenditures by approximately $304,576. The optionor/operator has agreed to extend the work commitment until December 31, 2011".