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Gold/Mining/Energy | Cantex Mine Development Corp [CD.ASE]

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To: John Reiter who wrote (978)	1/29/1998 7:54:00 PM
From: reg	of 1310

Speculation only John as to the reason for the split. Certainly did not help the share price. Fact is MM was enticed by the GXR people to start buying at $12 because he and his clients had deep pockets. New's in two weeks was the battle cry. Gxr had better not screw with him were his words. Well guess what, someone was selling big time to Nesbitt. Wonder who? As far as the split, increased liquidity was given as a reason. Was this current scenario planned long ago? Opinion's please. What nobody has any comment's on Nevada? What if the motherlode is there and not in Yemen? Is 6-1 fair then? No comment's on the done deal and then the resignations? How can anyone judge the fairness of the deal with no assay's from month's of drilling in Nevada.

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To: John Reiter who wrote (980)	1/31/1998 7:18:00 PM
From: reg	of 1310

I'll wait for the consolidation John. Should have my AFS dividend by then. Have you picked up your Ford yet? 400 shares will get you a 6800 dollar U.S. dividend. Not too shabby. I guess Nevada is barren else management would be open to lawsuits if something is found after the merger. Has anyone actually done the math to compare % before and after the merger to see if 6-1 is close to being fair? Another tip is Noranda, although it was much more attractive at $22. 1,000 shares will get you 400 Noranda Forest and perhaps a 100 Canadian Hunter Exploration. $2900 for the Noranda Forest and possibly $1,000 for Hunter. $3900 dividend on a 26,000 investment is pretty decent in addition to the regular $1/share dividend. It's not too late to get in on these yet John, if you have'nt all ready.

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To: reg who wrote (981)	2/1/1998 12:14:00 AM
From: Thomas Benjamin	of 1310

6:1 ratio has many people confused because they are not taking into account the number of shares outstanding on each company. Here are the rough numbers on percent ownership post-merger for current shareholders of each company: >> GXR has 60,000,000 shares out (less 2,000,000 owned by CYM to be cancelled) ==> GXR shareholders get 58,000,000 CT shares >> CYM has 14,666,667 shares out (less 3,000,000 owned by GXR to be cancelled) ==> CYM shareholders get 70,000,000 CT shares GXR shareholders get 45.3% of the new company and CYM shareholders get 54.6% (almost even). This is almost exactly the current relative ownership in the Yemen project alone. Since results from Yemen currently make it the most prospective of all the projects involved this seems very fair. Looking ahead, future developments in Nevada and/or Greenland are pure speculation at this point, HOWEVER with gold currently at ~$300/oz, a swap of a highly prospective diamond project for a Nevada (low grade gold) project seems to be extremely positive, for GXR shareholders. Even good "unrelesed" Nevada results would not make the Nevada project valuable at this time given the current POG. More later with a word directly from the AGM.

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To: reg who wrote (977)	2/1/1998 12:31:00 AM
From: Lisa Talor	of 1310

Reg, it's obvious you become an outright liar on this thread. You said yourself you were a client of MM's, true? Everyone knows, as reported in the newspapers, that MM went bankrupt when Bre-X fell to $2. That was weeks before the GXR split. You also know, as do many GXR shareholders, that MM was forced to dump most of his GXR shares at that time. Investors like myself, who were watching that day, also saw the sales being crossed out (from Nesbitt) to other buyers (who?) at around $7/sh (see, it wasn't even split yet). I wonder who arranged to buy his poor clients positions at those high prices, the day Bre-X first crashed. I doubt the insiders were sleeping that morning.

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To: Lisa Talor who wrote (983)	2/1/1998 8:57:00 AM
From: reg	of 1310

Hhat's with the liar statement Liz? I see no need for slander/libel on this thread. Who knows who bought the shares? Was it you? Maybe Nesbitt bought them themselves and then sold them over many months. A large house does have capital you know. Anyway's it's academic. Sure Bre-X hit everything. Remind's me of the IPMCF thread. Told people who were mortgaging their houses to buy that stock to be careful with margin. Of course the personal insult's started because there was no way that they were not going to be rich. IPMCF collapsed to a dollar. If you own a company that cannot stand up to scrutiny without resorting to insult's then perhaps your money would be better invested elsewhere.

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