Cantex Mine Development Corp V.CD

Buy and Hold

[Oregonduck]

Don't sell, but was buy and hold strategy working well for some diehard shareholders over the last decade?? The stock was as high as $30 with allowances for reverse splits. Now, it is trading at just $0.30. CD is required to shore up its equity deficit account or it could be delisted by TSX for non-compliance with continuing listing requirements. Expect more dilution coming.

To gain access to the doubtful economic mineral body, CD needs to build a tote road to the Rackla zinc property through First Nation's hunting, trapping and fishing lands at a cost of some $120 million. The Yukon Govt and First Nation have said no way through their treaty lands.

A real pie-in-the-sky dreamscape. No bump up in the stock price with their promotions at the recent PDAC dog-and-pony show.

[Massivesulfide]

Batman is back! 

[pennymaker69]

the deposit could be worth a ton of money and if a rare earth is in the body as they are testing for now.... the Gov will / should kick in funds from the critial minerals. As for building a road...... So far so good on talks to make one. tests and the 43-101 will tell what it's really worth.

[Massivesulfide]

Pennymaker69 I spent an hour with two of them at the Cantex booth. I looked Chad straight in the eyes to get confirmation on what we all suspect the numbers are. 10-12 million tons 20% sedex, 700-800 g/t germanium and 100 g/t silver. $20 billion USD worth of minerals. Chad and Chuck intimated they think they have only found 25-35 percent of what is there. They think strike zone up the hill may

[Snowball1843657]

It is so nice to hear from somebody with some knowledge.Unlike some of the stupid idiots that comment on this web site.

[pennymaker69]

Thanks for this info. this confirms stuff I know but it's nice to hear someone else also say it. I am really looking forward to the Quebec claim block 5. I think with CD they have a ton of results coming in so lots of news coming to push up the stock. For those that can wait. It does annoy me that other companys get results out way faster than cd or mtx.

[Massivesulfide]

Thank you for the kind words. It was not necessary. As an aside, don't you find it strange that after ignoring OD, kcuhc11 shows up again. Coincidence? How many handles does this dude post under? What a winner!

[frankgorshin]

Did Chad and Chuck have different rooms at the hotel or save us money in a single ? Or is it true Chuck rented out the whole Have a Nap motel out on Kingston Rd to stash his harem ?

[MassiveisKing]

If no JV by May means more drilling. Who continues to drill holes in the Yukon in the face of such withering criticism by OD?