Talk from the heartI understand many of you are losing patience with this stock, but I really find that the real negative stuff on the board is unnecessary and that is why I resort to pushing the button. That, along with insults directed toward Mr. Fipke. The Tal posts hit the nail on the head! It is premature to say that it is over before it is-think of Ray Bourke five years ago. The Stanley Cup is now in his hands! IMHO the 'fat lady is not yet singing' although I, too wonder why there has been a delay on the results that were supposed to be released some time ago. If the results were great, I would imagine that this would be broadcasted immediately. Or, if the results are less than stellar, what would be the strategy of the directors? How could they pull out graciously-blame the political situation? point out logistical concerns or some other factor? If the results were good and the CDNX standards were not met (as they were not), would this involve this much extra time to conform? (New sampling would not take more than six months, would it?) Or, are the directors keeping quiet and letting the stock drift so they or their friends can buy more? Have there been more problems? Somebody is buying and somebody is selling. I bought quite a few shares at $.68 and yes, at the moment I regret it but I think that many people are bailing out on this thing. I do not know what to recommend to you-the only thing that I have resolved to do myself is to hold it for the long term, and forget about it for a while. It could take up to 75 million to get a mine producing!
If Cantex goes off the board, yes, I will be upset but it is not the end of the world. This kind of investing takes nerves of steel although some of my nerves are getting a bit rusty.....I really am resolved not to bail and, to feel better, I averaged down on this stock probably against many people's better judgement (never chase your losses). At this point, I do not consider this stock a loss. Only time will tell. I think that all in all, it would be better to give Mr. Fipke support and give him the benefit of the doubt.
RRoy55