Let's assume then the guy who sold had a million shares and that equals 250,000 KATG shares. Let's say they hit a major find and the stock hits $3 and we do a 50\50 JV in 6 months. So you are saying selling out was a wise move when he could have had $750,000 in 6 months? Not to mention what KATX might turn out to be. While taken a profit is never bad it could turn out brillant or really the worst move they ever made and the difference between retirement and working the rest of their life. Time will tell.

No a fun week so far in what was touted to be by some a run up to .30. Where are all those that siad this and what do they think happened. IMHO many (not all) invested early to get the BVIG shares and bought as much KATX as they could. The traders sold since they do not care. Add summer vacations and you have very low volume. I suspect things will heat up soon with news and those out will miss the run. I hope the traders miss it!

335 feet X 3.28 or about 1100 feet. Huge!

We expect the drill results in the next few weeks to get an idea if we have enough value to either drill more or look for a JV partner. I would think if results are what we hope for the stock goes up as this would be provide more confidence in the Stead's abilities. Since most shares of BVIG (KATG) with be restricted KATX may act as a proxy for KATG. JMHO

Could it be they are clearing out their short position all week? They surely want the price low to do so and do not want to be short before the drill news comes out do they?

So you now know why Jeff is so popular with the ladies!

No, but I am a scuba diver and a- Let's leave it at look up the Barefoot Man on you tube. He has a song about diving but he does not swim.

Well, nice for those that found out about this gem ealry on, but I bought up between .098 to .23 so my average is close to .17 at this point so while in the black slightly not rich like many here though I have a good amount of shares and most likely have more actually invested than most. I'm in for the long haul, but try to downplay the delusion of grandeur. This does not mean I don't want it to happen as much or more than any other long. I guess I'm one of those rare kids that could wait to open my Christmas present.

While I'm optimistic I don't think any of us can quit our day jobs, unless we are already retired yet. Being new to the mining game, I'm not sure what the odds are in finding a property not only has grab and trench samples, but when drilled enough minerals that would validate mining. When it comes down to it we are putting a huge amount of faith in the Stead's. We are relying on their experience and integrity. So far, I am encouraged and feel that they have done what they said they would do even if it is not quick enough for many here. IMHO it will take patience and time. Like I said if you had $2-3 million waiting for you for sure how long would you be willing to wait? In jail or let's say for an inheritance from an 85 year old father or grandfather?

Too much coffee this morning folks? Those are some pretty huge numbers. You have to take out the cost of mining and whatever our share of the JV would be. Nothing is proven so while dreaming is fine reality is what we have to live with. Like many here I'd be extremely happy and set for life if we see $3-$5 from both companies. I prefer companies that under promise and over perform!

Any idea of how many shares will be tradeable with BVIG? I was thinking the price seems high right now, but with any good news it might be considered low if there are a very limted amount of shares that can be traded before the shares are open to traded in 6 months. We could see some wild swings. Since I only will own restricted shares like most it will not matter until after the shares are free to trade either way, but might be fun to watch. Our traders may like it and huddle over there.

You mean you are hoping it will so you get another easy trade? You are just too obvious. Just keep bringing up all the possible bad outcomes after you have sold don't you. You just can't seem to help yourself can you?

Let's wait and see what Thursday and Friday are like before we make any final judgement on that since this is an area of dispute by many. Many long are tapped or invested all they are willing to risk and just holding and waiting for this to play out. I believe most of the volume has been by those tarders and some longs taking profits along the way. I came in late and have a higher average close to .17 so just holding for the big score.

I think that is basically cooked into the price since the decline from .25 to .12 and we are now at .18 which if you figure Hardcamp at 25% of the value in rough estimation it would put us at .19 off the high.

Probably not as they may think a sell off occurs after that date and they would be left holding the bag. Not saying that happens, but it is a possibility if we do not have either a holding period or news to support the price. The more predictable the stock becomes the better for the traders to try and walk the stock down or up. I'm in hopes that we get some good news soon on both the gold and copper sides to support the price. I suspect another 2-3 weeks at the outside for results from the first batch of drilling. I also think that withing the next 30 days they start drilling RR, since it took about 2 months to start drilling Hardcamp from the time they mentioned the drilling 'program' was starting.

That's right MM can handle trades or trade their own shares. Last post just hit my limit.

I think the boiler room fired him for just being too obvious, or he changed ID to Blink.

LOL

OK, now that was funny. Seems our sheep in wolves clothes is out but his toady still on the board. Glad you were able to take advantage of his shortsightedness! GLTAL

I agree pennies for thousand of dollars. It is like I make a deal with you. I'll give you $2 million in one year, but you have to be locked in prison in a secure cell. How many would take that deal? Good thing is you do not have to go to prison, but you do have to hold Katx.

Interesting you said that. I just thought of something. Did they not say we were trying to get listed on the Asian markets? If China is invovled in RR that makes perfect sense does it not? If they are not involved at all with Katx or the future Katg it does not. I think you are onto something there!

If we JV a property it is my understanding that we share in some of the cost usually and the income that the gold,cooper,RRE etc. produce and therefore someone mines it unless the JV decides to sell the property. Am I seeing this wrong? If we work with VALE on a JV and they mine the property do we not get a percentage of the revenue derived from the mine? Would this not provide a stream of income to KATX as long as the mine produces?

The value is based on what information is out there currently, managements track record and the hopes,dreams,greed and fear of investors.

I realize this. We will JV or sell the property off. If we JV or sell real income will be realized and the price based on that. Until that point speculation drives the price.

Look, my point is this will take time. The demand for the stock will go up when there is proven value. With BVIG you won't be able to get any value until 1/11 so it will be 6 months and that assumes there is enough gold to either do more drilling, entice a JV and eventually mine the gold. With KATX we will need drillig results on the other properties. Speculation can drive up the price if the findings are good, but only to a point. The real money comes once the claims are proven and mined and that may take 2-3 years are more. Does anyone see any property being mined sooner?

whatever people are willing to pay for it. Same as with all stocks. No one really knows what the price will be. Just be patient and let this play out. You are not going to be rich tomorrow. If it is going to happen just make sure you are still holding your shares. Only traders worry daily activities. Chill!

Train is boarding now. Don't get left at the station!

OK, then the Katx multi-millionaire club then.

Looks like A is massive and a the first place you would want to drill.

I understand that. You cannot sell until they are actually in the account. Either way it is not in my plans to do so. After this is over I will have in excess of 722K shares and am looking to being in the Katx millionaire club soon!

Been there and done that. I had 50k and rolled it for a few years with 0% interest. Thing is it now cost 3-5% to roll it and the great deals are hard to find even if you have good credit and they can change the terms on you. I paid off the 50K and will never do that again. Just too much stress and with this tenuous economy and the possibility that things do not work out as we expect or are delayed you could put yourself behind the eight ball. That wife sounds pretty scaryu also. Best to only risk what you can afford to lose.

1) You cannot sell what is not actually in your account
2) You have to wait 6 months anyway since the free shares are restricted.

Don't be surprised if it takes a few weeks to get the shares posted in your account. A company I owned was bought by Google and it took a few weeks. I suspect this being a smaller stock it could even take longer. Either way holding to see what happens between now and the time we can sell them. We should at least have some results in another 1-3 weeks. I do think we get some movement in KATX. Since most shares will be restricted I see us going up as a proxy for BVIG. Also, it will instill more confidence.

I'm a KATX fan, but the chances of that happening are very small. It would have to be the largest find ever to produce that kind of results. You have to figure the finds will be sold or JV and we will get a cut. I think most folks would be thrilled with one of the stocks hitting $2-3 and if both hit over joyed. I sure would not complain and would be much better off than what I started with. Either way we cannot cash out on the gold properties until next year unless you own it directly and on the copper properties we are still waiting to drill some this year. So it will take time and patience which is hard to come by on pinkie and BB stocks. GL to us all and may we hit the mother lodes!

None at .15 I can sell you, I will let you have 100k shares at $1.50, but only today!

Today's action makes no common sense unless you assume MM's want to hold it down to cover.

I expect they bought up a large inventory to sell to keep the price down.

Very odd that the MM's are able to hold this down. I really do not know who in their right mind would be selling this week. Maybe the MM's still trying to unload their short positions and holding it down so they can cover. Either way as we get closer to the cut off date and Hardcamp news then they will not be able to hold KATX back!

Yes, you beat me to the punch. The thing I look for on these is are they compensated as that is a sign of possible pump and dumping. So, far I have NEVER SEEN any compensated information put out. Ken is doing it the right way!

Yes, looking very good. Heading out of town again so I expect you to have it up to .30 next week Jack.

LOL

Steve

I'll let you guess what MD is and no it is not medical doctor!

protrader- I'm 55 and have seen the Bunker Hunt Silver run up to $50. It seems gold has a good few years every 10-15 years and has died down after things stabilized. No sure what happens this time. Even at 55 I have never seen a mess like this one including the Carter years.