Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.

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Cantex Mine Development Corp

Bullboard Posts

Post by brianjameson Jun 30, 2009 4:06pm

675 Views

Post# 16109466

Follow the Heard mentality

Nothing has really changed in the last while to warrant this little runnup, so I wouldn't be surprised to see the volume decrease over the next little while and for the stock to drift back down to 9-10 cents, same as it was before. Cantex has done this "fluff" increase a number of times. Someone buys a schwack of shares, someone else sees it, panics and buys and a small number (small compared to shares out there) of shares are traded falsly elevating the share price.

For everyone's sake, it would be great if I was wrong, but seen this happen all too often with this stock.

BJ

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