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Bullboard - Stock Discussion Forum 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... see more

TSXV:CD - Post Discussion

Cantex Mine Development Corp > In Reply to Raptor
View:
Post by Oregonduck on Apr 01, 2022 12:06pm

In Reply to Raptor

Years 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.
Comment by coolshivers on Apr 01, 2022 12:31pm
Only thing that matters is.  It's in the ground, it's big enough, and the final sale price.  But I certianly hear you.