Callinex Mines Inc V.CNX

Why is CNX surging

[Martyboss]

What is pushing CNX up every trading day , they still have nothing that any Large mining Company is interested in other then the Pine Bay project and they being drilling this sucker  for years and years  and HBM or no other bigger Company seems to interested in it ,so whats pushing CNX way over 4.00

[Silversailor88]

How do you know Marty? CEO has been interviewed and said he has had plenty of conversations

[Martyboss]

I I guess what I'm saying is that CNX is ridiculously priced at $4.55 , HBM have a few mines in production and  their stock is just over $7.00  Seems like a lot of hype for just a whole lot of drilling and no mine as of yet.

[tannin]

Hudbay has a mkt value of 1.3 billion Martyboss, CNX is 90 million. Also, I see/hear no hype around CNX....is it being promoted....appreciate knowing by whom.......

[Silversailor88]

Well it's comparing apples to oranges isn't it? Exploration company with 17 million shares outstanding reslly moves north and south very easily...but I do agree...I'm invested and volume has been insane for this company..I'm hoping they are the next FORAN.

[Goodtoreadthis1]

CNX has been surging higher ever since the HUDBAY former exec was brought into the company. No one of us has been able to quantify how much cu CNX has found; but as former senior mgr of HUDBAy that guy is likely to know how much by reading the drill results. The market seems to think we are looking at a big discovery. Ivanhoe has a huge DRC mine; but CNX has been rising far faster than Ivanhoe