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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

Comment by Massivesulfideon Mar 24, 2023 3:07pm
126 Views
Post# 35359270

RE:Good investment?

RE:Good investment?That comment is fair. FUD is driving the share price. I always sense that the people that own their shares as investors are tapped out and are not really adding any more. Given the black hole of drilling results information, I think the swings in the share price correlate directly to small day traders trying to make a nickel here and there. It's not rocket science, that no information will lead to drifting prices headed down. Those who own marginal stakes, under 50,000 shares will get fed up and take a couple hundred to a couple thousand dollar loss and call it a day. I told Chuck that me and my group of friends holds 3-4 million shares and although we are not majority shareholders we are still significant investors and he appreciated that. I was hoping that a resource report would be forthcoming before a raise of more cash to stem the share price deterioration. I cannot understand why it takes so long to prepare a 43–101 given all the data that has been gathered to date. Especially given that the NDAs with the five major serve as a living, breathing 43-101 in the making. (That comment has a caveat that the amount of germanium has not been conclusively determined.) When I went to PDAC and I told Chad and Chuck that this dilution has to stop, they said they heard me but whether they do anything about it is another story. So if you are reading this Chad, as you intimated that you do from time to time, please hold off on raising money until you can put out some resource information. It is not fair to the existing shareholders to continually dilute us. I know that you are able to raise money in the capital markets quite readily, indicating that there will be a success in this endeavor, but it shows incredible disrespect to the people that have been buying shares here for years and years. 
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