Cappy

I was quite surprised to see that 20% drop as well. But looking at the chart, the run up prior to the release of the good results is of the same magnitude (perhaps a bit better than 20%) I thought that the initial drop in share price is the usual profit taking, but came the RETRACTION below. The results may be stellar, but the retraction to comply with the reporting rule seemed to push CEV down the slope. So, a spiced up release could be interpreted as a double-edge sword effect (or you live by the sword you die by the sword kind of thing). At least, the market/investors are responsive to the CEV "news" good and bad (in a very simple un-sophisticated way).

Back to FNC,... we have very nice results, but there seemed to be no reaction from the market, and investors did not express any "emotion" on the good news (may be the NR was too bland?). Or, perhaps, we all just sitting tight guarding our shares, hence there is nothing out there for people to buy.

Spicing up the NR may help stirring up some emotion, but judging from the CEV experience too much cayenne pepper may not be a good thing.

goldhunter

____________________

(Marketwire - Nov. 23, 2011) - (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) - The Company hereby retracts the statements from its Nov 23rd news release - "Block 103 appears to host a multi-billion tonne near surface iron ore deposit" and "All 17 holes…have encountered a sequence of ore grade mineralization…"

Statements of this nature require support of a current resource estimate and economic analysis. The Company has not competed such an estimate or analysis nor has it completed a 43-101 compliant report on these matters.

On behalf of the Board of Directors

Brett Matich, President