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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 Apr 01, 2022 12:06pm
259 Views
Post# 34567528

In Reply to Raptor

In Reply to RaptorYears ago, Chuck said he had found a world class gold and copper mine in Yukon. No one cared, and the stock was stuck at the basement. All of a sudden, after the 1 for 10 rollback at one- and- half cents, the stock started moving in 2019. Then they announced, the drill results in Yukon on zinc and the stock took off to the wide blue yonder. It went to $7.0 after Canaccord done a financing at $6.5. The stock subsequently collapsed to recently 25 cents.

I am not a geologist, and cannot comment on the results. My feeling is that the stock was pushed up by Robert Cudney. Cudney said he had buyer 's remorse due to bad management. Cudney dumped his sizable shares in the $millions as a Control Person. Chuck never sold any stock, but he is a poor promoter and not responsive to shareholders.


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