Cantex Mine Development Corp V.CD

Your Bucket List Stock ??!!

[Oregonduck]

You will lose your shirt on buy-and-hold.

This was Goldex at $0.01 that underwent 1-for-10 rollback and name change to Cantex more than 2 decades ago. I bought in after its rollback at 0.10.  I blew out my position riding it to $0.65 with stock topping out at $1.00. The stock was then heavily promoted with rumors of discovery and finding the "Star of David" gold mine in Yemen. It subsequently collapsed back to a few pennies.

in 2018, it again completed another 1-for-10 reverse split when the stock was trading at 1.5 cents. Insiders took down 11 million shares at $0.15, post-split. On heavy promotions of Yukon discovery and open market buying, the stock shot to $7.00. Now, it is back down to $0.28. Wonder why Chuck didn't sell any shares?? I think he is hoping for another Ekati to be bought out. It seems the Street is not impressed. He needs to do something as he is pushing 80 in a few short years.

[Massivesulfide]

Civil War disrupted the Yemen project. My understanding is that it's viable but low-grade gold mine to be profitable once the bullets stop. As far as the Yukon goes, that is perplexing as well. You have one of the greatest geological explorers now working with one of the worlds greatest promoters. So which way does this project go? Do you start releasing some preliminary tonnage reports not 43

[frankgorshin]

Great interpretation of current situation.