RE: Things are still slow.Fortunately the Cantex management over the years have built up a very good relationship with the Yemeni government officials and locals alike. I guess that Yemen being a relatively poor country they may understand the difficulties and challenges for a small company to raise the necessary funds to carry out their proposed activities. But at some point I would expect this goodwill to expire. This may mean that no one else may be looking at Yemen to prospect and this may bode well for CD.
As Cantex has advanced a few properties one would expect them to drop a lot of the current concession area under licence and concentrate on the advanced properties to conserve any future cash.
At least with the continued strength of gold, this may help advance a JV for the Nevada properties. Gold has a long way to run over the next few years. IMHO. Didn't Chuck have a thought on who may be interested in these properties at the AGM?
For any work to happen in Yemen it will require that long awaited JV partner with deep pockets. I remember a couple of years ago after FIIL pulled out of the JV, CD mentioned there were other companies who expressed an interest. Darn, someone should really schedule those meetings on a shorter horizon. Over 2 years and still no replacement partner!
In any event Cantex still needs cash. When they get some I would certainly like to see a initial drilling program on Al Masna started as well as the 2 drill ready properties in Nevada. I guess the question is, how much longer do we wait?
At least with our current(and continuing) market cap of approx. $10 million, the down side is quite limited. Time for some news and a major bounce up I say.
drew17