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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Post by carter2on Jan 28, 2010 1:42pm
372 Views
Post# 16728997

disturbing last paragraph from the NR: RE Nevada

disturbing last paragraph from the NR: RE Nevada"The company is currently evaluating weather to enter into a joint venture agreement and/or complete a financing to fund this drill program"   For all the years I can remember Chuck has always included the reverse split option in the Proxy.  He has stated that he would not do this unless it was to complete a joint venture deal in which would be favorable to the shareholders.  With the above mention of a financing to do a drill program, I feel this is not the way we should go, as no one is going to anti up and buy in unless there is less than 317,000,000 shares. What is wrong with management why can't they focus on one project and bring it to production.  Like Peter Gregory said get a heap leach happening at AH and the revenue from that will provide the cash do bring the other projects on line.  It seems like Chuck want's all the Yemen properties to start mining at the same time as to exploit the royalty free holiday for three years.  Chuck keeps getting extensions on the leases when maybe he should be working on an extension on the royalties for AH or something along those lines.  I think greed is starting to impare Chucks vision.  Or the financing statement was included to shake out the fearful.  The company seems to sabotage it's own news releases buy putting out crap or adding in things like this Nevada financing.  Nothing needed to even be said about Nevada at this time.  Why is it that Chuck does not want the shareprice to increase is he scared Chad wil cash out and say see ya ?  Good management would have this company promoted a lot more, get the share price up, then do a reverse split with good news to follow which would include a MINE.  Wake up Chuck we are all tired of you style.
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