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GM Rick, wonderful things are a coming! Lovely pictures posted, PRs due informing us as events unfold what more could we ask for!
Everyone, as a means of getting our collective minds churning, say drilling was to commence this week what is the likely timeframe for the results to be known by the company, the filing of the report by the chief geologist? I know it might have been said before but hearing it again is like sweet music to the ear specially if the results are as anticipated and results in a catapulting of the pps! Feel free to share and the bestr of luck to us all.
Sterling, the company seems to be quietly going about the business of seeking growth in business and revenues as shown in the two most recent PRs. Hopefully this will generate enough interest in this company that possesses some very great products.
Are we all planning to sell off before the company matures into a really solid investment? Is that the reason for all this chatter regarding capital gains tax? I plan on holding for at least a year with the hope of seeing price movement from these levels. Disclaimer being issued in the case of negative price movement. GLTA
Rick I understand very well that there are many variables which are unknown and can influence things positively and altenatively. I too will patiently await the results of the drilling. Katx seems too good to be true! I don't mind waiting a few more weeeks to get the results especially if the findings are better than anticipated. Trust Ken has been doing his cost/benefit analysis in order to come up with the best case scenario for Katx and stakeholders.
Rick how has the hiring of the geos and potentially better than expected returns on the Handcamp property altered. Your "future thoughts for Kat Exploration" analysis/mindset?
Hstang its good to see you are still here with BEDA I have not been happy with where the pps has dropped to having chased it all the way into the twenties. Do you think there is a realistic chance of the pps rising to those levels any time soon. A number of things have changed the major being cancellation of the much vaunted share buyback. What are your thoughts?
Rick and All I have been trying to convince colleagues to invest as little as $2000 in KATX and their future. I get asked the question What if there are no minerals on the properties? CAn I sell my shareholdings when the pps moves as anticipated? I have tried and continue to try! Seems I will have to give them access to the DD presented on the board. If they remain on the sidelines, I have tried.
So in other words Tadaaa you are pretty confident in what we have here at EVRM. When the smokes clears we will rise like a phoenix from the ash tray. Care to share those other plays with us?
Bio what does this mean in layman's language?
Thanks for bringing this information to the fore. Am I correct in assuming that the 2mn shares issued for the acquisition will not be noticeable given the small float for ESPI and that the additional revenue to be generated will bode well for the pps in the not too distant future?
Rick those numbers are mind boggling. I sit here imagining waking up one morning and seeing a price per share of $3 and how my account would look. That being said at these price levels $0.18, KATX still represents a great buying opportunity for some huge gains as we anticipate positive mining results. Its roughly six months until year end so imo its worth the wait. As UXG has shown 'patience is a virtue'.I am in for the long haul and hoping/keeping my fingers crossed for better. Thanks
Thanks Sterling the website provided interesting reading and good information regarding the company. That's quite an impressive team of officers they have assembled. And as has been said previously with these clients management has been working behind the scene to increase the company's presence in the industry as well as its value. That being said what do you make of today's PR was it a step in the right direction?
Seems the appointment of the new TA has been made to take KATX from the developmental league straight to the majors.Are you willing to bet the farm given what you know?
Absolutely! This is the pinks until then I continue to keep my fingers crossed that management will continue to do the things that will help with the improvement of shareholder value.
Trade Zecco with the change of focus from the buyback to growth viw acquiisitions BEDA has seemingly transitioned into a news play, meaning the right news is needed to move the pps northward. Are there any deals in the pipeline for the company? I see where you are of the opinion that the trip zeros is a great loading level but do you realistically see the pps challenging the levels we saw in the mid twentis a few months ago
Very sound reasoning! Let us hope the market sees it that way and we have a positive movement in the share price. Let's get word out about this gem we have in KATX.
I wish your words turn out no less than prophetic don't know if I have enuff funds to load the boat but I will try to garner a few hundred to top up my invest$ment. Today's price movement was good, hoping to see some more consolidation at these levels and a bit more volume for this low float play. Do you have any idea as to why this may potentially be the next runner? I know the management team has a lot of experince/ have been succesful in their enedeavours to date, howvever is there anything tangible to base this confidence?
I am very interested to have your opinion on where you think the pps of the companies are heade in the near future. Given your view that it is more practical to buy KATX as opposed to BVIG given the much anticipated share dividend announcement.
Rick I really would take a $2 pps the movement here has really been awesome. Great news being delivered latrly and lots more to come. A few jittery investors have given up on Ken and Katx but as the saying goes one man's trash is another man's treasure. I have noted your projections and hope that one day in the not too distant future the pps is in the dollars. Even without news on adaily basis I think We Good!
Sterling, would you consider these price levels a good entry point? Also at the level that BVIG is would you consider BVIG as it stands a better investment vis a vis KATX what factors would you consider if making a choice one way or the other?
Rick I saw your earlier post about the tenets of investing and that gains are made based on entry and exit points.That being said at these levels would you bet the farm that these nervous nellies that sold out today will be holding the bucket in a few months time when we achieve move into dollar land. I remember there was some amount of selling when penny land was imminent. Would you pour alll your eggs into this one basket. Also see where BVIG is down to 40 cents vis a vis KATX at 13 cents. At these prices and in line with a previous question which would provide a better investment at these prices?
911 its nice to have you back within the forum. I wish for you the best of continued health. The validation which you give to this stock is comforting for me. Your record speaks for itself I am sure a lot of kats are thankful for your DD. You say ESPI is an investment for you. I guess patience is the key in the investment game. Would be nice to get updates from the co though. Until then GLTA
Whilst it would be great to know what each scenario might bring I guess as we have always said patience is the key! The DD says volumes. We Good! We Good?
Rick I agree that today's news has already been factored into the current pps. In that regard credit has to be given to those that have shared their now confirmed outstanding due diligence within this forum. The next leg (price appreciation) depends on the minerals we have on these properties. Have you considered doing a scenario analysis in the event the results are (a) average (b) good (c) way better than anticipated (d) worst case scenario - less than anticipated.
Hey Liquid what's your take on BEDA are you maintaining your shareholding? The company in a recent PR stated that they have halted the share buyback program (which was part of shareholder optimism) and have sought out other acquisitions following that of Texas Mobile. It seems as if investor sentiment has changed on the stock with the pps moving for double zeros to triple zeros. What are your feelings towards BEDA do you have hope from a bounce in the near future?
ESPI - Does anyone have an idea as to why this forum has been so quiet over the past few weeks? Could it be the calm before the storm? Is the experienced BOD/management team feverishly working behind the scenes to drive up shareholder value? What is the investor sentiment here, does the stock represent a safehaven for us, one in which we just invest forget about it and. A few months later we are richly rewarded?
Rick I asked a question before the PR came out. The gist - were there any particular benefits of buying KATX over BVIG or vice versa? I know you might have answered it before please forgive me if you have but it would be interesting to gte your take on this issue. My opininion is given the announcement of the share divvy if at present BVIG isn't in the portfolio I would be content and exhibit patience . Meanwhile continually accumulating KATX at these levels before the great rush begins.
Sterling thanks for taking time out to provide clarification to my misconception. Trust all will see that we are in Good Stead with KATX/BVIG.
Sterling with KATX and BVIG ultimately being one and the same am I correct in thinking that at the end of the final 1:1 share dividend as per PR that my current ownership will increase by 25 percent that is if I currently own 100 shares at the end if all remains equal my shareholdings will increase to wed shares?
So in terms of calculating gains from today's pps what should we use as the base/denominator? Would it be the 22 cents for the current KATX.
My question to all is simple - members of this board have posited the view that with good drilling results that the pps could see levels between $3 and $5. That being said given today's news which company would we acsribe this value to KATX as it now stands or BVIG or possibly the proposed holding company.
With today's PR even though there a few questions left unanswered, there are plenty positives - equity in BVIG - which should have positive news soon given the valuation of the High Grade Gold property aka Handcamp. Things also seem far advanced with paperwork completed for submission to FINRA for name/ticker and cusip # change. Management's decision to position its High grade properties within a fully reporting OTCBB entity for the sake of added transparency - what more can be said shareholders interest at fore front of management's thoughts. The most important bit of information in my mind - Drilling to commence shortly - field crew in place, experienced geologist in place, preliminary results good. (He company has listened, kept us informedn now time for us to stay patient as the company carefully plods along while seeking to increase the value of our shareholdings. I am looking forward to see how it turns out. KATX/BVIG sustained green ahead - worry not about current price movements look at the forest and not the trees. BIG PICTURE
Bio with the relationship between KATX and BVIG in your opinion does owning one stock preclude you from owning the other. In other words is there a toss up or a either or decision for investors.
Whatever is afoot I am holding out and stashing away my shareholdings and waiting for that $3 - $5. Patience is a virtue and I would love for it to happen overnight but I know that things do not always unfold the way we want them to. That being 'stead' I await Ken's news reports. Longs hold tight
I really don't know what to make of today's PR I think the company could have given some more details on the buyback numbers. On the other hand further mergers / acquistions if done correctly can add greatly to shareholder value. With a buyback in progress or recently completely dilution is clearly not an option.
Rick and all I have a few questions re Katx
Regarding the private investment - what form has this investment taken is it a loan , in lieu of shares, debenture? To obtain the additional $4mn what criteria has to be met by the company? Can these be realistically met by Katx? Has the drilling (scheduled start May 2010) commenced? If not how far away is the commencement? On a different note can you provide clarification as to the meaning of 29 g/t Au as opposed to 58 g/t Au does this mean that one property has twice the gold that the other possesses? All in the quest to be a more educated investor.
What do you make of these financials? Think the company is about ready to turn the corner into the profitability corridor? Let's hope so
Rick that being said where do you think we will be say at the end of the summer. At which time I anticipate that the exploratory drilling would have been completed and the results would have been known.
What are your thoughts?
Rick with all these similarities between OD and RR what does this mean for us here at Katx?