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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 Jun 10, 2024 7:04pm
145 Views
Post# 36081827

RE:Stolen from poster on CEO board

RE:Stolen from poster on CEO board This is just wrong thinking. If the company needs to go to market and raise shares and capital, dilution is forthcoming to existing shareholders. If a resource report showed this site contained $10 billion worth of materials, we would have a share price in excess of several dollars by now. Which situation would serve existing shareholders better? The one where we have a $.13 share price and to raise $1 million dilute the existing float by almost 10% or a situation where information has been disseminated and the share price of two or three dollars exists and we only need to raise shares that will dilute the existing shareholders by 1 to 2%. Withholding information is punitive to existing shareholders. It is that simple Never be in favor of idiotic explanations that this is some sort of magical rationale for withholding results and procuring a resource report. It only serves Chuck when he is in on the private placement end and adds to his total. Keeping shareholders in the dark as to what the status of the economic viability of the site is currently only builds more I'll will.  
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