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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 > I don’t expect news until
View:
Post by carter2 on Oct 30, 2024 11:16am

I don’t expect news until

A day or two before the MTX AGM. As they have to have something positive to deflect the hostility for having nothing for the mtx shareholders other than a financing at a penny or two.  Nothing on SA, nothing on Morocco, nothing on U2, nothing on the Scandium. Just a mini grab sample in Quebec which the hunt for the flavour of the day will be years away from a return on our investment / gamble.  We will have a Yukon drill program unless we have a buy out, which is what I prefer, otherwise we face more dilution. Yes Chuck will probably subscribe to the financing because he may want the tax credit.  If we have a JV deal our share price will continue to be under a dollar.  I'm sure any interested Major would prefer not to have to deal with our clown management. Wish I would have had the heads up advice to sell at $7.00 like Jennifer did.  Wonder where she got that advice from?? It's hard to keep the faith in Chuck.
Comment by Stevesack on Oct 30, 2024 12:17pm
She sold about 120 thousand shares at about a $5 average, and she paid $102,000.00 for the shares. Nice win but she did not get 7 bucks a share. So she made a net profit of $4,15 per share times 120000 shares equals $498,000.00 and that ain't pesos. I guess we should have followed her lead 
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