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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 > Chuck Running on Fumes?
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Post by Oregonduck on May 19, 2024 9:23am

Chuck Running on Fumes?

I have a hunch that he is low on cash. He gave away all his DiaMet shares to his ex-wife Marlene and retained 10% in Ekati Mine that he sold a decade ago for around US$70 million. He didn't pick up any Cantex PP recently, and managing to raise just $3 million out of $5 million. Chuck would customarily back stop PP's to ensure successful completion. As well, Fipke Stable is now relatively quiet with few good horses. His holdings in Cantex and Metalex are practically worthless. No one will buy them out. 
Comment by Waivergod on May 19, 2024 11:49am
Sorry why did he just pick up another million shares if he is broke.... that seems dumb man -- you most be right 
Comment by Oregonduck on May 19, 2024 4:37pm
The Open Market purchases of 1 million shares were only less than $200,000. He had to give some efforts to support the share price prior to the misleading News Release knowing a hedge fund is dumping. He didn't buy roughly 12 million shares FT at $0.26 or $0.30 NFT to backstop the PP like he would in Oct 2023 on the Massive Sulphide discovery. Raising the $3 million was like pulling teeth ...more  
Comment by Waivergod on May 20, 2024 7:43pm
You have ZERO proof crescat is dumping. The only reasonable explanation gor QH to say that is because Red Pine Gold who he was talking about was committing fraudulent assay results. How do you magically lump Cantex into that conversation   Bold move cotton