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Much much much more drilling done properly brings these things into compliance. It's called Density of Data. Costs big big bucks too. These guys put in a couple of holes and wave their arms around and put out a report. Sorry -- won't 'cut it ' !!
NONE of those recent numbers are compliant with the Australian standards or the Canadian standards for resource calculations used to-day. GUESSWORK on their part. LOL.
I do believe that you are WRONG. This of course is the big question we have been debating for a long time. This is all jiggery - pokery when it clearly states that if you held KATX shares on the Record Date YOU WILL GET THE BVIG SHARES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So how come those bozos had to go SEVEN times to the S E C to get the S-1 O K ed ?? THEY ARE INEPT !!!!!!!!!!!!!!!!!!!!
Certainly NOT genius because it leaves them wide open for FRAUD charges. Normally Record Dates are give in ADVANCE -- NOT after the fact. Suppose I sold KATX the day BEFORE the Record Date THAT WAS NEVER TOLD TO ME. Had I known when it was I never would have sold. I can certainly say I WAS DEFRAUDED, and I can sue. I was DEFRAUDED out of the benefits I could have received if I had known the Record Date and not sold my shares. I was highly surprised when the S E C allowed these clowns to get away with that. There may yet be litigation and they even say so in the S-1.
Terrible terrible grammar and sentence structure presumably from the C E O. What a colossal joke !!! THE NYSE AND THE NASDAQ -- IN DEEEEEEEEEEEEEEEEEEEEEED !!!!!!!!!!!!!!!!!! PREEEEPOSTEROUS and ABSURD !!! ( And hilariously funny - if he ever said that - a real Newfie herring choker - LOL ).
I agree, Splash. And you ain't goin' to like it. LOL.
OooooHhhhhh !! Here we go again !!! Your post is NOT true. The S-1 DISTINCTLY points out what qualifies you to get the Spin-Off shares. There is no mention of any x-dividend date because none is needed. If what you are implying is indeed true then there is a big big possibility of more than one Class Action Suit.
Deja Vu !!!!!!!!!!!!!!!!!!!!!! Absolutely HILARIOUS !!
I fully agree in this mining stock business a certain amount of promotion is always involved and it is necessary. You must advertise your product. No problem -- but here in the case of KATX / KATG it was too far overdone and included ' boosters ' who were far too exuberant. Ken Stead seemed to be in personal contact with some of them and he could have asked them to tone it down. He did not. This is why I started to post on these 2 Companies. A lot of innocent speculators lost millions of dollars.
EXCELLENT POST cliff. I know there are others who feel as you do. And it's in the S-1 that the Company recognizes they pulled a ' swifty ' and could get sued.
How about all the suckers and bagholders that bought into this scam at prices higher than 1 cent and are HUGE losers now ? And Mr. Stead allowed it to happen. Millions of dollars have been lost by innocent people caught in this scam.
It will be a SMALL percentage. Do the math !!! Not LARGE by any standards. And it will soon be shrinking even more after a huge amount of new shares will be issued for the financing that they will need to do any work anywhere.
Let us see how long it takes for the Insiders to report the receipt of the Spin-off shares, and for KATX to report its disposition of them. It SHOULD be within 3 days of when the deal is officially done. But these guys may just procrastinate as usual.
Do not attempt to hold your breath until news does come out. These dudes are notorious for keeping quiet. To-day KATX is less valuable than it was Friday.
WELL NOW !!!!!!! LOL. Because KATX is giving away assets for no financial consideration its share price should go down on the market. And it has started to drop already. Just becoming a bigger P O S. At least Ken Stead is still awake.
If that rebuttal was meant for me I will reply. Please be assured that right now there is almost NOTHING going on at the Ekom Eya. I defy you to prove that there is. BEEEE CAWS - if there was they would have had to report it by now -- It's called Timely Disclosure !!!
The Ghanian Gov. set up those grants for the little mining groups who grub away for small dough. They use wheelbarrows and much much smaller trucks than those big rock haulers that are posted here.
There is no plural to the word ' potential '. LOL. No such thing as ' potentials ' in this context. LOL.
Let us all face up here, eiddle. NONE of us posting here knows very much about Ghana, or their rules, or their maps, or their history - but most importantly -- exactly what Brookes does day in and day out - or even if they still have an office for him to hide his booze in. Ken Stead simply does not tell us ANYTHING. The whole thing has NO CREDIBILITY right now. So we continue to wait !! It's really a new financing that we are waiting for - because without one -- this pig will stay in the mud that it's stuck in. It is disgusting.
Small scale mining is not big enough to need big haul trucks like those. The Gov. is keeping the doors open to the people who use wheel barrows and much smaller dump trucks. I believe they are called Artisan miners. And $740,000 is peanuts in the mining industry especially if it's spread over the whole country of Ghana. It is an obscene joke to think that KATG has already bought or rented any big trucks. As a matter of fact none of us knows exactly WHAT they are doing right now in Ghana OR NEWFIE !!!!!!!!!!!!!!!!!!!!! My opinion right now is zeeeeeeeeeeeeeeeeeero !!!!!!!!!!!!!!!!!
It's not ME who does not understand this stuff -- it's THEM !! Dripping with inexperience and lack of know-how. They pump out the horse bleep to try to impress the suckers and spew out all the buzz words about things they know little about. Inconsistencies abound in their B S. One clear concise summary technical report would clear the air but they are incapable of producing one. As far as I know C I L stands for carbon in leach. In these cases the gravity concentrates are subjected to CYANIDATION !! OoooHhhh -- dangerous word !!!!!!!!!!!!! The pregnant cyanide solution then is stirred into a carbon pulp which removes the gold in the solution. The gold sticks to the carbon which is filtered off and burned - leaving the gold. Wikipedia it out and learn.
I often wonder, hawk, what kind of news you are expecting. Usually when new ownership comes in or a new game gets started there is far far far far far less stock issued than what we are seeing right now in this bloated pig.
O K Alan. The truth is coming soon.
I always thought these Bozos were going to use a gravity type of mill using a big big placer plant imported from Canada because of that so-called Yukon placer expert they consult. At least for working on those old tailings. You don't need massive haul trucks for that. Nor do you need a C I L plant. Oh well !! Just more Horse Bleep. LOL.
I would very very strongly suggest that if you know any stock market expert who you trust, you should consult them and have them explain how the market-maker system works. They will tell you this I O U / naked short accumulation is a MYTH !!!!!!!!!!!!! Of that I am certain.
At this point Kat Gold Holdings Corp. is a great big fat NOTHING !!! It does NOTHING on the stock market and NOTHING in Ghana or Newfoundland. Brookes is one of those Geo Wannabees -- no experience nor schooling in geology or mining. There are quite a few of these charlatans in the business. Fringe players at best. They're stock players.
Big big big JOKE this Noble. It just laid a gigantic egg -- SEVEN CENTS !!!!!!!!!!!!!!!!!!!!!! used to be 11. So much for the Bank of America eh ?
It was all over here on this Forum -- like - ' Nudge Nudge -- Wink Wink ' !!!!!!!!!!!!!!!!!!!!!!!!!!!!! Like subtle hinting and an attempt to mislead.
Who said there was a deal with Noble ?
If there was a deal with Noble it would have to be announced in a timely manner. I haven't seen any such announcement so have to assume there is no deal. These guys couldn't run a pay toilet franchise !!! LOL.
Yes you could say there has been a little more trading action recently in this stock than there has been for quite a while. And you could also say the share price is up a little. But the daily volume is still very small. Without bigger daily volume you cannot assume that some new developments are being worked on behind the scenes. There is no confirmation by KATG either. It's still dead. We just do not know -- as always.
It's RED day !!!!!!!!!
The tree is shaking right now. The trading blocks are much larger that we have seen for a long long time. And it looks like they are SELLS !!!!! If this larger volume keeps up we may see some kind of news coming out.
HO LEE !!!!!!!! The way I read it is a far cry from cleaning up. I read it as the NEW A/S is 2.45 BILLION SHARES. This is sheer lunacy !!!!!!!!!!!!!!! A HUGE clown show !!!
Rusty struck out !!!! Remember ??
Does KATX REALLY HAVE 400 million Shareholders ?? THAT is hilarious !!!!!!!!!!!!!!!
This has no place in the Stickies because it does NOT pertain to BVIG or KATG. Nor does anything else that describes Noble.
O K then, hawk. As of yet there is no serious money coming into this stock. We can all see that. Small retail players only. And they are always the last to know what is really going on. They buy on hype B S that they get pumped by paid touts and hypers.
Let me attempt once again to explain this ' naked shorting ' MYTH. Almost ALL of the shares of any Company that are in the system at any time and in the form of share certificates sit at the central DEPOSITORY like the BANK for the game. All that you have if you own any particular stock is an account CREDIT from your broker. It's only the CREDITS that trade. The MM s run the game and can access the DEPOSITORY or certificate bank. The head MM in any stock doesn't keep any physical shares in his safe every day. If he sees undue upward pressure on that stock he will fill the orders - creating what you say are ' I O U ' shares. The client is credited with the shares. The M M owes THE BANK - which he partly owns or controls anyhow. He is only temporarily short - to the bank - and must settle that trade within 3 days more or less. Yes the MM s collude. NEVER is any new stock created - as some here think. Re the Record Date for the spin off ---- It is the account CREDITS that will get the BVIG shares and all the books will balance - like they should.