Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Again, as I have and others have stated on here many times before. The AH trades are meaningless. This stock does NOT trade AH. Form T trades are trades that have taken place durning the day and were simply not recorded by the MMs untill AH. There is no way to know if that trade was a buy or a sell as we have no idea what the bid/ask was at the time of the day that the actual trade took place. It simply shows up as a buy or sell in regards to where it is in relation to the last trade of the day. In this case our last trade was at .02, since this one was at .0196 it shows up as a sell. That does not mean it was actually an sell.
So please don't worry about these trades.
No offense or anything but the fact that Jim Cramer likes anything doesn't really matter as he is wrong like 85 to 90% of the time on his picks. I would actually feel better if he didn't like gold right now.
That being said it's no secert that everyone likes gold right now and has for quite some time.
Restiance and support levels change all the time. Right now there is no resitance levels at the .028s, that doesn't mean there would be none if our pps got close to them. I am not implying that we are going to shoot up to a dollar, or that new resitance levels wouldn't pop up if we started moving up, only that right now there is no technical resitance to those levels.
Speaking of which, 20 min ago the only resitance was at .022. Now we have had resitance also pop up at .024.
UXG, something I have posted about quite a bit on here.... But there have been many more in just the last year. Mining companies and Mine exploration companies are just like biotechs in the sense that they don't make money for years and their pps stays low, then when they hit cold and get great test drill results back they expload. Just like biotechs do when they get their first FDA approval. This is a pretty common thing for this sector.
Not sure what your looking at but the resitance level, at least right now, is at .022. It's not a big one, but we don't have the volume to break that today. After the .022 level, there is no restiance till you get to the $1.01 levels. So "techncially" we could run all the way up there :) But we would need massive volume which we wont have unless big news hits which it could.
Well thats the million dollar question isn't it? And one thats been talked abotu and answered many times on here, even in the last week. Maybe taking some time to look for a bit might not be a bad idea either....
In anycase, if you look at KATX alone, they have gone from .20 to $2 in 3 days on good news before. So they can easily move up very quickly on good news. If you look at other mining companies like UXG, they went from .30ish to $3 in 4 months when they got their test drill results back, with a spike of .30 to $1.50 ish when they got the first ones back. Some mining companies have gone from .20 or .30 cents to 10 or 11 bucks on similar news.
It's hard to say what KATX will do with out knowing whats in the ground yet. But assuming it's great news, then this could easily land anywhere from $2 to $5 on that news. This is a very realistic number to expect again assuming that the results show a massive amount of high quality gold in the ground. Keep in mind, while their could property at Handcamp is their most promising property right now, they have a massive copper reserve over at their Rusty Ridge property as well as a brand new gold property that has had even higher sample returns than handcamp.
No one knows what this stock will do when test drill results come back. What I can tell you is this company has a very low OS and market cap which would allow it to run very high. That and based on what this has done in the past and what other mine companies have done in the past tell me this is going to run big and fast. How big and how fast again depends fully on what the results say.
It all depends on the company, I just posted about another mining company that went from .30 to $3.50 over the course of a few months. There was no massive sell off, just a slow but steady rise over a 4 + month time frame. Don't expect every mining company to have a sell off like SRSR.
Been there many times, I am a BIG fan of SRSR. They have some amazing properties as well. Some appear to have billions and billions in their reserve. They are ahead of us, but not by much. Last time I checked and it's been a little while, but I believe their OS is at around 500 million. So a bit higher than us but still not what I consider bad compared to what they appear to have in the ground.
While they are ahead of us in terms of development and test drills, I think it will be another 6 months roughly before they expload. I think KATX might be ahead of them in that department. But when they do go, it could be far higher than maybe even KATX. I will be taking a nice position in them at some point, but I am going to wait a few more months before I do. Hopefully I won't miss the boat but I do indeed like them to. Right now KATX is my big play, and I think they will hit first, but both are great companies. Easily the 2 best mining companies I have seen so far.
After doing yet more DD tonight, I found something VERY interesting. In my last post, I noted that Anaconda Mining signed a contract with Crew Gold to have it's ore processed at Crews "Nugget Pond" processing facility. This is important for a few reasons, but one being that the Nugget Pond facility is right down the road from KATXs Handcamp gold property. But after doing more research, I have found out that Crew Gold has just completed the full sale of their Nugget Pond facility to a company called "Rambler Metals and Mining". After doing some research on this company, all of the peaces are now starting to come together.
Here's a statement from their 1Q 2010 operational highlights and results.
Rambler announced that it is taking a proactive approach in searching for potential gold
properties in the Baie Verte Peninsula
Ok, so we got this mining company that currently owns a brand new processing facility that they just bought, and they are located right down the road from Handcamp. Then they state they are currently looking for potential gold properties in the Baie Verte Peninsula, which is the EXACT same place where KATX's Handcamp is....
Does anyone else smell a Joint Venture or is that just me? While this of course is me simply reading between the lines, this company seems like they are right to partner up with someone who has a high quality gold property close by so they can start making a return on their investment with their new Processing Facility. KATX has a very high quality gold property right down the road from these guys that Ken has already talked about before in the interview posted by Investor911. Of course none of this means that Rambler will partner with KATX for sure or anything like that. But I find it very interesting that we got a new mining company in town that just bought a processing facility that is looking for more gold properties. Now they already own 2 gold properties of their own in the same area of Handcamp, but again, Handcamp is showing FAR better results so far.
Ramblers Ming Mine project has so far showed results of around 5.8 g/t.
Their Big Bear Porject site has in the past shown results of around 8.0 g/t. But both of the sites have been mined heavly in the past and don't look to be all that promising or as easy to access and mine the gold as KATX's Handcamp.
Bottom line, KATX is in the middle of a bunch of different mining (not exploration) companies, with at least 2 processing facilitys right down the road from them. KATX has a TON of differnet options and a bunch of mining companies that would surely be interested in forming a Joint Venture with them. If KATX hasn't already signed a JV, it won't be long before they do. The reason why is not only does KATX have a good gold property in the area of all these other mining companies, they have BY FAR the best gold property I have seen in the whole area.
You are literally talking about grab samples from KATX showing gold results of 158 g/t, 94 g/t, 82 g/t acorss a large number of samples. Compared to 8.0 g/t, 5.8, g/t and 2.76 g/t. KATX has something special here, very very very special!
Let's do a quick comparison between Anaconda Mining and KATX shall we? I am going to compare Anaconda's "Pine Cove" gold property which is the one right down the road from KATX's Handcamp gold property, to Handcamp.
Here's a little background on Pine Cover real quick. Anaconda has already done test drills on this property and a full NI 43-101 Technical Report. For those of you who don't know what a 43-101 is, it's basicly the "reserve report" that a company files after they get the results back from the test drills. Here's a little bit more detailed deffinition of it:
National Instrument 43-101 (NI 43-101) is a mineral resource classification scheme used for the public disclosure of information relating to mineral properties in Canada. The NI is a strict guideline for how public companies can disclose scientific and technical information about mineral projects on bourses supervised by the Canadian Securities Administrators.
Also, this is the property that Anaconda has built a full Gold Processing Facility on there that could allow KATX to process it's gold there. Right now Anaconda is currently using it's Mill in limited operations due to them beining in the process of redesigning it and expanding it for a higher capacity. When the redesigns are done, they expect their mill to be able to process 700 tonnes per day at first with a max in the near future of 1000 tonnes per day. Currently Anaconda has a gold processing deal inplace with Crew Gold, another Gold Mining company that is very close to KATX and has it's own processing facility. Anaconda is currently sending most of their mined gold to Crew for processing..... Something that KATX could do as well.....
Here are the results of Anacondas test drill 43-101 report on their "Pine Cove" Gold property.
probable mineral reserves of 2,332,676 tonnes at 2.76 g/t
And now here's Handcamps results ONLY from surface samples.
158g/t Au, 94g/t Au, 82g/t Au
Yet again we have a MASSIVE amount more gold in our surface samples than they do in their actual test drills. While we wont know exactly how much gold we have in the ground till we complete our own test drills, the fact that we aready have FAR more gold in just the surface samples would lead one to believe that we should have FAR more in the ground. I want to put this in perspective for you guys, KATX's Handcamp doesn't just show "alot of promise", it appears so far that it could be a high quality gold property with epic amounts of gold per tonne in the ground.
Just wanted to add a few things to your post real quick to try and put things in more perspective. They talk about hopefully getting the test drilling on Handcamp done by summer or at the latest fall. This of course did not happen. They also talk about Rusty Ridge a good bit too and about wanting to drill on that and maybe debating on which property they test drill on first.
They have confrimed that Handcamp is their main priority for 2010. So any work done on Rusty Ridge will be done after they do everything they need to do to Handcamp. It's quite clear that as soon as they get the money they will be test drilling Handcamp and doing a reserve report on the property. They already have targets for test drills on Handcamp that they selected 6+ months ago as well.
As noted in your post, he talks about Anaconda Mining, which is spitting distance away from Handcamp. Whats important about Anaconda isn't the fact that it's another mining company that happens to be close by. Whats important is the fact that they actually have and own a full gold processing facility on site. This is very attractive because if they decide to partner up with KATX, it would be very easy and cheap because any mining they do on Handcamp could be processed on Anaconda's place right down the road. This would make for a very quick turn around and allow KATX to get the gold to market even faster which would in turn allow them to make more money. Of course there are other mines in the area as well which could also be possible JV canadates. On top of that, KATX is not a lone gold property here, but instead is one of many gold properties in a very rich area. The big differece is, KATXs Handcamp gold property is a higher quality, much more rare type of gold deposit, and appears to have far more gold there as well.
All in all things are very exciting for us right now. Based on everything said recently, I believe they already have financing in place to start the test drills on Handcamp, and will be starting those in the very near future. It would not surpise me what so ever if KATX got the money for the test drills by signing a JV with one or more mining companies in the area. So far the results at Handcamp taken with the rare type of VSM gold deposit that it is, would be more than enough for another company to go ahead and sign a JV deal with them. Whether this has happened already yet or not I don't know, but it wouldn't surpise me at all if it did. And all this is just about Handcamp, they still have Rusty Ridge which looks to be an epic copper deposit as well as the new twi-lite gold property that also has had some major gold sample results of 202 gpt. That is even higher than the highest yet found at handcamp.
I expect sometime in the next 2 weeks to hear the full details on their financing status and I believe they will be annoucing not only that they got money for the test drills, but that they will be starting them as well.
I was going to post this at some point tonight but didn't have time eariler. But this was exactly what I was talking about. Lets see if we can't put this all in perspective real quick...
The company is in the process of securing funding for a drill program that’s been planned for some time over the already established gold targets. This phase of drilling will be supervised by a P.Geo(Geologist)whereby a NI 43-101 will be completed with results being made available to the public.
Also in the updated pinksheet pdf/filing, the stated that they intend to bring on this geologist sometime in the 2nd Q 2010. That would be in the april time frame.
Now take that with the fact that they stated that:
Over the next couple of weeks, news will be made available to the public with regards to the company's funding efforts
Now it's time to put it all together for the big picture!
KATX has already identified and selected test drill targets for Handcamp, this we have known for about 6 months now. To do test drills they need to have financing in place to cover the cost of those. They will be updating us sometime in the next few weeks on the status of the financing. If they haven't got any financing yet, they wouldn't have a reason to update us..... So something important has changed in regards to the financing. This should mean that they have already secured financing from a source and that they will be annoucing they now have the captial in place to start test drilling, the last peace of the puzzle! So if they are going to do this all with in the next few weeks. And they are planning on bringing on a Geologist in or around the aprial time frame. So what does that tell us?
It seems to me that they will ALSO be annoucing not only that they have financing for test drilling, but that they plan to start the test drilling (weather premitting) sometime in Feb and expect to get the first results back from the lab sometime around the april or may time frame.
This is all going to be major news for the company, starting with the financing which will make all of this possible and ending with the results from the test drills on the gold targets.
In pps terms, this should mean that we are at the very end of these prices and that we should at the very least start to see a slow but steady rise up in the next few weeks based on the news and events that are coming up with some nice spikes up here and there and a major run up when we get the final drill results in mid to late spring.
Now this is not a stone cold hard fact that it will play out like this, but it's how I see it happening right now. Of course anything can and often will change, but right now, based on the facts we do have, and based on sound logic, common sense, and some reading between the lines, I think this has a great shot of playing out like this. Of course we will just have to all wait and see, and this is only one of many possible outcomes. But no matter what way you slice it, great things are in store for this company in the very near future!
While I fully expect the results from Handcamp to be good when they are released, let's not get too excited about these. We already have surface samples and results from those and they were stunning to say the least. But this wouldn't really be anything new. It would be more good news, but it would be pretty much expected based on the previous results we have gotten from there. I would expect the new results to be great, but do not really expect it to make a huge difference in the price per share. The big test results would be from any test drills they do, which we wouldn't get back till some time in the spring. Those would fully confrim whats in the ground and would be huge!
I think the big news will be in regards to financing, while the new handcamp results will be taken as just more "good" news about an exciting property.
Yea It finished nicely in the range I expected today, but I was thinking it would have finished closer to the .018 level instead of the .02 level due to the volume really drying up the last few hours. Glad it finished up close to our open today. Pretty amazing considering the horriable volume.
You have been on this board for a while and your still asking the same basic questions as someone who has only been on here for a few days. To me, that either means you are simply not understand what is being said or presented, or you are simply trying to scare off people. I don't know how to make it anymore clear to you. As I stated, in the last 2 or 3 days alone, your questions that you asked have been answered. But fine, I will just go ahead and do your DD for you.
no geologist identified who would be a qualified person for purposes of coordinating the development of a National Instrument 43-101 report
I looked at Ken's previous company and its s/p has been pretty flat. I'm wondering why he left?
To me, "couple weeks" means 2 weeks. If he ment longer than 2 weeks, I believe he would have said "sometime in the next few weeks" or something to that nature.
So my thinking is, over the next 2 weeks we will get news. I believe next week they will release the new results from handcamp to us, and then the week after that the big news will hit about financing.
Of course this is all just guess work on my part, but to me, this is what it sounds like.
I am not talking about "trading on a margin". I know of no broker that will allow you to buy pink sheet stocks with margin. I am talking about having a margin account and STILL having to wait the 3 days to buy a pink when you put money into your account.
Thats all I was talking about. With a margin account, they don't make you wait the 3 days for your money to clear, you technically have access to it right away and can buy any of the big board stocks with it. But most brokers consider anystock under $3 or so to be "non-marginable". That means, if you put money into your account, you have access to it right away to buy big board stocks, but not any stock under $3. You can't buy these stocks till your money "offically" clears which takes 3 days.
Thats what I was refering to that I hate, but thats the name of the game with every broker I have seen. I didn't mean to confuse anyone or start any debates over this.
I don't have problems buying them, most brokers just make you wait 3 days before you can use your funds to buy pinks because they classify them as "non-marginable" stocks. So you have to wait the 3 days for your money to offically clear before you can buy them. Unlike big board stocks where you can buy them as soon as you transfer the money into your account.
Ever hear of the I-box? Its fine for you to "question" things and want to know more DD but it's all right here. I am not one for helping people who are simply lazy. In the last few days, I my self have made MANY detailed post backed up by the facts of the results and compared them with results of other companies. I have put those facts and results into perspective as best as I could. Doubloon has also done the same thing, as many others on here. I am not going to hold your hand on this, there is a wealth of information just in the last few days on here from me, doubloon, birdman, etc. If you still have questions about this company, or doubts at this point, simply don't invest. Every single one of your worries and or questions has already been answered many times on here.
Heres my quick prediction for the last hour. We have a lot of resitance that lined up at the .02 level which will keep us from breaking through that again today. We have nice support at the .018 level. So we should be between the .02 and the .018 range for the last hour. With the low volume right now I would suspect we will end around the .018 level.
Yea I hate that part too! Wish they would allow margin accounts to have access to their funds right away for pinks.
I wouldn't say that, plays like this come around alot more often then people think. I have seen around 10 companies this year alone go from sub penny to the low penny range and shoot up a massive amount in a matter of days. Most of these didn't have anywere near the possible upside that KATX has but they were still cheap stocks that went up a ton very quickly on news that could make you very rich from a small investment.
And thats my main point. Theres alot of post on this board that look like pumping or might be taken as "pumping" or people being overly excited about this company. On most stock boards that would be the case. But not here. While it might look like pumping to some people, it's actually pretty accurate what most of them are saying. People here have a great reason to get excited about this company.
But I don't want people to think this is some sort of a "rare" event. It is pretty rare to find a company THIS good that is still at these prices. But there have been at least around 10 companies that I have seen my self that have been decent, and gone from nothing up 5000% or 10,000% in a few days to a few weeks this year. Not only that, but Biotechs and Mining companies are 2 sectors that produce quite a few companies that go from nothing to massive gains overnight, each year. These market sectors are known for this and thats why they are so attractive to investors. KATX is by far the best looking and healthist one I can find right now in either the Biotech or Mine sectors. So it's not just a good company, it's the best looking one right now in the mine exploration sector, and is a very very healty stock and company run by great people.
Bottom line, KATX isn't just the best pink play of the year, it's not just the best looking pink sheet company of the year, it's one of the best looking companies I have seen on the pinks or the BIG boards ever. That is why I am so excited about it.
Keep in mind this stock really doesn't make it's move all in one day. In july when it went from .20 to $2 it did so in 3 days. Back in nov when it went from .002 to .045 it did so in 2 weeks. So when news does come out, it could very well go up over the course of a few days if not longer.
They never were "blocking" buys, they simply made you phone the buy order in thats all. And yes, they are still requiring you to do that.
Our new bottom right now is .165 and it's been holding that nicely over the past week. There is support at that level and some support at the .017 level too.
The really good news is there is ZERO resitance in this stock right now. There is a clear path all the way to 1 dollar right now with nothing in the way to stop us. While of course we don't have the volume to really even get past .02 right now, when they release the big news in the next week or two, this could easily be set up for another massive run up. Of course the resitance levels could change, but right now it appears the MMs are trying to set this up for another big run.
My take is KATX will release the new results from Handcamp sometime next week, and then the following week release the big news about financing.
When I was talking about 3 to 6 months I was refering to test drills not lab work on surface samples. I am basing that on how long other company's take to get their results back. Depending on how deep the core sample is, it is usually around 3 to 6 months from what I have seen. Also keep in mind, the labs are quite a bit behind from what I hear due to the increase in gold recently, so the turn around is suffering some because of that as well.
I pretty much fully agree with most of your points. I don't expect major news from the results of handcamp simply because the best results that could come back would be from test drills not surface samples. I fully expect the surface samples to be great and show more strong numbers of gold per ton but I don't belive it will be anything that would cause us to shoot up a massive amount. But I could be completely wrong about that as well.
I do believe, the most logical way for us to get funding is through some kind of joint venture. Again, with as much gold per ton that is in the shallow surface samples, combind that with the fact that there should be far more under the ground as well, this should be more than enough evidence for other companies to find KATX as a very attractive company to form a joint venture with.
But there are plenty of other ways for KATX to aquire captial. They could have shopped handcamp around to private investors and could have got investments that way as well. They have alot of options. To be JV makes the most sense, but thats by far not the only way they could get financing.
I do know for a fact however that one way they wont get financing is by diluting the common shares. Ken has made it quite clear both publicly and privately that he will not do any type of deals that would dilute the common shares or negatively impact them in anyway.
So sleep easy knowing however they get financing, it won't hurt us what so ever.
I believe this not to be a question of "if" for rather a question of "when". =)
They had around 1500 samples from handcamp that they already preparded and sent off to the lab back in NOV. Not sure how many of those the results will be based on, but we should get some more great numbers when we do get them this month. As I noted eariler in my post, we already have a ton more gold in the shallow samples than any other mine I have seen thats around our size or even bigger. Ususally if there is this much gold at the surface, there is MUCH more deeper in the ground. Something the test drills will confrim.
They have already had targets for the test drills for handcamp for the past 6 months now. All they need at this point is the money to start them. It shouldnt take long to do the drills them selfs, and results should be back in 3 to 6 months depending on the size of the drills and delay in the labs.
Thanks for the update, I too am with TDA and saw the post yesterday that said TDA removed the buy restrictions. I was hoping this was finally the case but guess not. It never effected me negatively when I was buying my shares but it was a pain in the butt. TDA does not charge you a trade on stocks they make you phone in the orders on, which is the only nice thing about this whole deal.
Very good point as well. Forgot about that nice little tidbit. It states not only that the BOD are very pleased, but in fact they are pleased with the "recent events". That could mean anything, but it could also mean they are very pleased with the news about to come out in a few weeks time! Which might imply the news could be even bigger than expected. But that is completely reading between the lines. Still, nevertheless, something to think about.
Sorry let me make sure I get this right. Are you saying that you still had to call in to buy more shares with TDA today?
I believe this to be the case as well. based on everything I have seen, pinks do not trade AH. Regardless if Etrade has the feature or not. You can't just trade a bunch of shares AH with no record of them. That would give some people a very unfair advantage and just wouldn't work. All trades are recorded. As you can see the only AH trades recorded are ones from eariler in the day that the MMs were simply catching up on and offically recording at the end of the day. Once they do this thats it, you don't see anymore AH trades for the rest of the day on this stock.
This stock has held it's own for quite some time now. It's message was clear, it wasn't to "hold the pps" at where it's at now, it was to give us investors an UPDATE on whats coming. Considering MANY people have asked Ken these very same questions, it was important to OFFICALLY make a statement on this.
I love the fact that you say:
"...It was designed to sound important...it could all come true as they said but it's purpose was clear..."
Everytime Ken has stated news is coming, it comes.... Yet you are trying hard to imply that this might not the case. Even though that clearly does not follow any of the facts. Ken stated in emails back in nov that they had alot of PR lined up for quite some time. Since he made those statements 7 PRs have come out in a month and 1/2.
Everyone is wondering about funding as this IS THE MOST IMPORTANT thing for this company right now. In the PR today he told us that news would be released in a matter of weeks about funding. This was in no way, shape or form "designed" to sound important, it WAS a important update regarding the future of this company.
Based on what he said, we should have news on funding sometime this month. That is BIG news. The fact that we should also get more lab results back from Handcamp this month is just icing on the cake.
Of course if the news about funding comes and there isn't any funding yet, then yea this would be a pretty meaningless PR and you would be 100% right. But I HIGHLY doubt that is the case and fully expect them to annouce they have aquired funding of some kind this month.
I have never heard of any company allowing AH trades on pink sheet stocks. That being said, I have not read the SECs 32 page document on AH trading and don't plan on doing so. If etrade does by chance allow it, these trades don't show up on the volume, effect the price, and there is no way to see these trades from what I have seen.
The form t trades you see on here at IHUB are not Etrade AH trades. They are trades that were filled during the normal trading hours and simply recorded after hours. These trades are added to the days total volume.
Heres what pinksheets.com states about hours:
What are the Pink Sheets' trading hours?
Pink Sheets follows regular market hours, from 9:30 AM until 4:00 PM ET. Pink Sheets follows the market calendar of the Nasdaq Stock Market and is closed on the days that Nasdaq is closed. The Quotation system is available from 6 am to 5 pm every business day. However, individual traders at a market maker control when the trader's quotes are open and firm.
The day to day movements of this stock are pretty meaningless right now. Major news is what will make this thing take off, and that would be in the form of JV annoucement, Funding for test drills annoucement, Test drill results report. Also I think more lab reports which are also coming soon will help add more fuel to the fire. Todays PR was not "cute", it actually was really important.
Over the next couple of weeks, news will be made available to the public with regards to the company's funding efforts and latest results from recent work on the "Handcamp" gold property
This was really the only thing worth taking away from todays release, but it's a very important statement.
First they give us a time frame next couple of weeks
Next they tell us what the news will be about company's funding efforts and latest results from handcamp
Now, there would be no reason to update us on the results of the company's funding efforts unless they actually got funding from some where. So again, between the emails Ken has sent, and this new PR, we pretty much know for a fact that they already got funding. Now there are two questions we need to ask:
How much funding did they get and is it enough to do a few test drills on Handcamp.
Also there is the possiblity that they could have got funding by forming a JV with a full blown mining company, which would be huge and something I believe is very possible my self and quite logical at this time.
The other really important thing is they will be giving us more results from their Handcamp work. As you know, Handcamp is their most promising property and as I noted in my other post already is showing massive amounts of gold in the surface samples alone, not even counting what might be in deep deposits. These results should be the ones from the Lab Samples they prepared and sent off to the labs back in Nov.
All in all this was a very meaningful PR that gave us clear information on what news will be coming and when it will be coming IMO.
ECNs are used all the time, not just for AH trades. MMs use them all day long to hide their real trades from level 2. MMs can place their trades through a ECN to hide their trades as when they do it this way it only shows the ECN ID not the MM using the ECN on Level 2. This is one of the many ways the MMs control and manipulate stocks.
KATX like all pinks does not trade AH. Even if you use a ECN your not going to be able to trade it after hours. I do not believe these trades are people actively trading stocks after the markets closed as far as pinks go. These are simply trades that were done eariler in the day that are just now being recorded at the end of the day.
One great way to see this is the fact that these trades are usually much lower or much higher than the final closing price. The 1.3 million share order today was at .0172 when the bid was at .018. It's quite clear these are not real-time trades to me. And yes, the volume of these trades ARE added to the stocks total volume records for the day. What ever the form t volume is, that gets added to the over all volume totals for the day. Again another sign that these are in fact trades that DID take place eariler in the day and are just now being offically recorded by the MMs.
I haven't done hours of research on this, but every thing I have been told and have read points to what I just said as being the reason for these trades.
I didn't say it was due to heavy volume today, I only stated that was one of many reasons why MMs file AH trades. It could be anything. The same thing happened every day for something like 2 weeks stright back in Nov and early dec. The fact that has only happened 2 days in a row is pretty meaningless as you can see this often happens for much longer. Please do call your broker, I don't want to discourage anyone from learning more.
This could just be MMs swaping shares with each other, or any number of other reasons. It's not a big deal and it happens all the time. Those were the two points I was trying to make =)
I am in no way saying this is going to actually go to $5, or anything like that, I am only pointing out it's very possible. I don't know exactly what a "realistic" price point would be for this company right now, and mostlikely wont till we get test drill results back. But I can tell you this, anyone who suggest that .10 would be a "good" place to sell at clearly hasn't done any research.
It would not surpise me that upon the annoucement of test drills or a JV, we would shoot up to .50 or $1. And when we get those results back, expect it to go MUCH higher than that. How high is anyones guess right now.
Form t is the form you have to file for any after hour trade or premarket trade. For stocks that trade AH, all of their trades are form t trades. For stocks like KATX that don't trade after hours, if a MM has to offically record a trade that took place during the day after hours, they have to use a form t as well. Thats all Form ts are, just the standard way to process trades after normal market hours.