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Now if we can just get rid of that pesky zero behind the decimal point I'd be a happy man.
Gee, as most remember it they bought more KATX to get BVIG shares since drilling was about to happen. Most touted BVIG at $3 by year end. You seem to have seletcive memory. Still waiting for phase 2. Still waiting for shares promised. Still waiting on Ken being honest. You deny them not having funds and still having what's left of the $5 million. I think also has been proven wrong by those that talked to Ken and by simple observation that if they had money they would be drilling. You need to get your head out of the sand and start using it!
You see TR comments like that one show you are being biased and childish and not acting like a professional trader. You are out at this point. To come over and bash good news because you are hoping and wanting a lower entry is just being a jerk. Everytime I try to see you as fair and non biased you seem to do this which just shows a lack of character on your part. I do not see this as fluff, but pertinent information of which many board lack thereof.
Steve
Great news. Production starts after arrival and set up. Dredgemaster confused what are PMG's?
Steve
No, I do not as I never have been one. I may have been overly optimistic on a stock and bought more blindly. I can tell you once screwed and lied to I have bashed a stock, CEO, and some posters, but I'm not a trader. Just another idiot that bought a pink stock with bad timing and believing this time would be different. Yes, I'm the fool in the old saying!
Thanks for the input. Nice to hear from someone just supplying honest information in an unbiased way versus the players trying to lower the price just to find the cheapest entry point.
You do realize that MM trade for clients and can trade for themselves correct. You did notice that the uncovered slaes were about 60% of the trades yesterday right? So with little real buyers who has the incentive to walk a stock up and or down the ladder to make money? That's right the MM. They can play both sides as they see both sides of the trade. Manipulation- dam right, but within the legal limits it seems. Just like flash trading gives MS and GS and others a huge advantage. We are not only competing with them but with little transparancy the conflict between the business owners and investors and when news will be delivered. We are the last in the food chain. On top of that you have full time traders who work with others to move stocks and sentiment.
Our hope is that that have big enough news to float all ships and make the games secondary. How about some black sands contracts and numbers and then gold and diamond numbers. That could get things going in the right direction. The sooner the better.
Maybe dredgemaster can help on this one. Why not be dredging and processing at the same time. Is it just a manpower issue do you think?
Steve
So whose fault is it? Was it all just a scam to pump up the price of KATX so the investors could dump? Sure looks that way to me. Now why would an so called honest CEO set his long term shareholders up like that? Everyone says he's smart so he must have known we would go to slaughter. Why did he set us up if not for personal gain? Pretty scummy person to do that don't you think?
NOT WRONG. I said we need news now and not then because once they are out and if news hits at the same time the stock will have a problem moving because the shares will be out!
Yes, while many of us close to .02 wacth it slowly bleed out. What fun. I guess they are right timing is everything and mine sucks.
Problem is the longer they wait to get us news the worse it gets for us longs. If they hold out production news until right before the warrants come due the the sales of those shares will kill any momnetum as they sell into the news. We nee solid news before they can sell into it. What happened to the .10 by July everyone was touting? Funny how Cheepo dunked out with TR and now both are back over stroking the kity.
Do you actually believe it is all the SEC's fault? I'm sure there is not something right of they would have been issued or Ken most likely is waiting for funds to get BVIG off the ground with the promise of riches and the next pump on a driiling late this season or in 2012. It will be the same game as before. Promise the Moon and deliver nothing. Just another P&D under a new name. Ken have proven to be no more than schiester.
Well, I think the best way they can help themselves now is get those current financials out and quell any doubts on cash and them being above board. I think if they just do that they get back to .02 or maybe .025 even. What say you?
Well, if they start pulling out a huge amount of gold with pictures on their site and get a market for the black sands then .25 is possible, but until that time we will remain in this area I'm thinking. Maybe the calm before the storm?
I lost a ton of money believe Ken was honorable and a smart businessman and all the hype. All I see is a few honest posters but most liar and thieves or in complete denial of the facts. I have 144K coming, if I ever get them. Too bad Charles Bronson is no longer with us I'd have a job or two for him. Sad thing is the only way we get our money back is they do another pump and dump and we unload on some other sucker like us or they actually find something, but the odds of that are miniscule IMHO.
WOW B402 talks to the man himself and Ken admits they have no funding yet. Just like I said months ago and you denied it. Funny how actions or in this case the lack of them speak loader than silence. While I wish for the best all this shows me is that if Ken is most likely been taken by financiers now twice and the stock pumped and dumped twice hurting countless shareholders that trusted him. So even if he is supposedly honest that must mean he's pretty stupid when it comes to business. If he's that incompetent in business we can only hope he's a better prospector, but so far that has not been proven the case. It will take more money and who but crooked finanaciers are going to finance a two time looser like Ken? Either no one or a real snake that will dilute the crap out of the stocok and get sub penny warrants most likely on top of that. Then you get another P&D. Ken will again blame the financiers and claim to be honest yada yada yada. It is all about Ken doing whatever he has to to get funds. It does not matter who gets burnt because it is just part of the game they all play. Sad but true. This is not an investment it is only a trade and a risky one at that. I suspect with the volume back and TR back news is finally about to come and that a small pump will come with it and a quick dump. Sell on news if you get a chance because it will be quick,
Not a paying member so it has to be on the board as I do not get any PM.
Thanks
This stock is in control of the players and MM's just playing their walk it up and down games at this point. Totally sucks!
So you are saying they pull 6 grams per ton on average at 60 tons an hour and work 10 hours a day for 5 days a week. This is for one dredge? 6 grams X 60 = 360 360/28.35 = 12.7 ounces times $1500 = $19,050 per day does this seem right? Now times 5 for a week and that is $95,250 and if they work say 45 weeks a year that comes out to $42,862,250.
If we have more dredges or pull more tons an hours it is easy math. Off course this does make some assumptions about the price of gold and what they net after processing cost. Now, assuming 2 dredges working at the same pace about 85 million, and with 3 dredges 128 million.
This does not take into account any diamonds founds or any money for the REES, which some question the value of. To me, despite the large number of shares, this still looks like a good investment if they produce close to the above we could see .10. If we find a market for the REES then all bets off the table as to where this could go.
WOW and you blasted TR for being out and you bailed. Yep, I thought you two were buddies.
I guess my point is with pinky's it is hard to decipher s hi t from shinola. Saying you have an abundanced of one thing or another and finding the information has little to no value could make the difference between a crappy and great investment. Somone had to put a value on the black sand. My question is this I guess besides the god does it really have a value someone is willing to pay for it? All I'm searching for is the truth and what to believe.
So why even mention REES's if they cannot be economically processed? That does not seem to make sense unless you are saying they are trying to some how mislead people? I also here no talk of diamonds in the PR. I thought the dredge was to get all three. Can anyone clarify?
So discounting everything but the gold what are we worth?
One would think they would pull the gold out and then sell off the black sands to a REE processor or maybe JV with them?
Supposedly they had results on RR in Jan. Now if it were good news there is no way they hold it back for 5 months. Also, Ken has proven himslf a dishonest man. He promised to keep shareholders informed. Maybe he meant on a select few? Seems if you hire an IR person you use them and not a peep. Also, no drilling news. Not sure how they are paying the bills unless they have been selling their shares into the market and just not telling anyone. Sorry, but with no BVIG shares issued and them using those shares to drive up the KATX price and then dumping on us I think Ken belongs in jail and not an office. IMHO Ken is both a liar and thief.
So roughly 30,000 bags at $8000 each would put us at 240 million in value not even counting the gold and not mentioning the diamonds?
Glad I got more before people woke up. Finally starting to move as the great news trickles out.
Seems that is what they said in the PR. Just got another 250K and brought my average down. Maybe get back to BE today when the news gets out or into a profit position! Love to see .20 this year!
Funny how we get real news and pump stocks like LEXG that spent 3 million on promotion went over $10 a share before folks figured out it was just a pump and dump. It would be nice to see something that is for real get anywhere close to that. It will be interesting to see where we go. Off course it would be nice if we had 1/10th the amount of shares also.
Tried to get more yesterday but missed. I'm betting the person that sold this down in the last few seconds is kind of upset right now. LOL
Great news up and running. I do wish they told us when they start processing so we get hard numbers as I have no idea when the off season is. Nice to hear they have increased productivity to 100%. Now can you imagine what happens if they announce an agreement with China or another processor on the black sands? That would blow the top off the price.
Seems like TR was right or was it self fulfilled?
In general you are right, but this is the pink world where investor dump out and profit on cheap warrants. If they produce it will take care of things.
Yes, they have borrowed a ton and with a ton of real cheap warrants so they better get producing and have a market set up, if not now, or real soon to sell the black sands. Hoping to at least see some gold and maybe diamond numbers real soon. We need a shot in the arm.
I guess that is the big unanswered question. Will the pace continue or change soon?
Sure they drilled more and like RR just decided to not tell anyone about it. You folks amaze me. Ken communicates with some folks off and on and never talks to the masses of shareholders which he promised to communicate with. He's conned you folks just like he did me and many others. Just some figured it out sooner than others. Some will never get it until maybe the stock is delisted or another few years. Maybe they will die believing.
TR you told me .10 and maybe .20 what has changed? If they came out with up to date financials next week would that changed things back or maybe some preliminary results?
Steve
Well last time many bought high and were caught by the dilution and decline while many here said they would fund from operations. Now we know they were wrong. So it makes one a bit more cautious when buying again or adding not wanting to risk getting burnt again. Actions speak much louder than words, especially when conjecture leads to foolish optimism not based on reality,
Gee, never seen a rice bag that big, but I have not been to Japan.
LOL I wonder how many huge forklifts and heavy transport trucks they have there. Get real.