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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 Oregonduckon Aug 01, 2020 7:21pm
255 Views
Post# 31354501

Impact of flow-thru placementss

Impact of flow-thru placementssI noted the latest are  non-broker private placements. Pretty sure Canaccord and Leeds are still mad being taken for a ride on the last $10 million "bought deal" private placements that went poop.

Their high-net worth clients bought in at $6 & $6.5 last Sept. and got clobbered.

Why are flow thru shares generally bad for stock price??
(a) The buyers take their 100 percent tax write-offs.
(b)  Most don't wait for the 4 months plus 1 day jail break or hold period and sell right away.
(c) They can do that by shorting the stock and wait to cover or deliver the shares after the hold expires.
(e) Likewise, shares donated to Charity will likely be sold since those organizations just want cash and not shares.

There is usually a great deal of dumping  going on after each such deal is done.
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