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Especially since there is more to be gained by the government in the way of higher capital gains taxes in 2011.
It is not within KATX's power to make the SEC move faster than they will move...as government agencies are notorious for moving slowly.
I hereby appoint you IR guy for us investors! Good job.
Yeah, but if it's a goodie PR, then that leaves more time for it to get discovered by the masses and come Monday, EVERYBODY wants in at once! Of course, there's a flip side to that as well.
Not sure if your comment was meant to be sarcastic or not, but assays and additional drill holes take more time, but I think you already knew that.
Timely doesn't necessarily mean immediate! Confirmations MUST be in place and in the exploration industry, that takes more time.
It is called a ' Material Event '. One in which the share price will be affected. It MUST be disclosed in a timely matter. That obligation is as old as the market itself.
Friday after hours release perhaps?
Yes, but still speculation at this point, just like everything else. On the negative side, could also be interpreted as an act of desperation, but so far, we have not seen that to be a part of Ken's nature.
I believe they already have done that. Reference the announcement of pursuing already producing gold mines, the hiring of a board member from China Direct, considering alternatives in the gas & oil industry, etc.
If they did 'hit' .. meaning a really nice new discovery they would surely take ample time to catch up on delayed corporate affairs and perhaps pursue new ones ..
20% is too low. Should be 50% minimum.
"Gold is not just another commodity," Jim Cramer told the viewers of his "Mad Money" TV show as he once again urged investors to put up to 20% of their portfolios into gold."
Yeah, we all hope that's the way it panned out. Not trying to stir up a hornets nest here, but we do need to try and not allow ourselves to be blindsided either.
.....which is why silence is golden. This has now been broken IMO.
Also, not saying nobody is trustworthy. Just that when money is involved, it usually causes people to overstep the line a bit.
Yeah, that did cause me to hesitate a bit. IMO, I would not say BAD, just not good.
May be true, but the temptation is certainly there. ....and when money is involved....................
Gump has a point. EOM
That is what I was hoping as well. Of course this assumes the brochure was printed after viewing initial core samples from RR.
I'm sorry you feel that way and I understand your frustration, but the BEST advice I can give you at this point is to increase your DD. Go back and read the sticky's above. Go back and read the posts from December-March. The more DD you do, the more comfortable you will be here.
Thanks for the PM and I'm happy you didn't take those bits personally and were able to see the light. More than a kernel, IMO! Go Ken! Go KAT!
I agree. Many folks here either forget or deliberately choose to ignore the fact that this is a very small company where EVERYBODY has to wear multiple hats. Right now, the focus is exactly where it should be and I for one am delighted Ken and his team have put their blinders on.
Gold is the money of kings; Silver is the money of gentlemen;
Barter is the money of peasants; but Debt is the money of slaves.
Just like the British in the late 1700s, mother England wanted to maintain control. Americans protested a tea tax. But the Boston Tea Party, throwing the tea into Boston harbor, wasn't enough to rally Americans against the British. George Washington falteringly opposed the British with a small force against more than 30,000 British troops.
It wasn't till the British burnt down American homes that homeless American women sewed uniforms for their husbands and sons and presented a standing army to General Washington to oppose the British. This strategic error by the British eventually led to their demise.
What the federal government/bankster alliance doesn't realize today is that it has made the same mistake as the British. By accepting bribes from the banksters, politicians have sided with a mob that teased naive Americans into low introductory home mortgage interest rates, which as resulted in 18 million vacant homes, having the same effect as burning them down as the British did. This has now begun to polarize the people against the banker/politician mafia that now runs the country.
I hope you get the gist of my message here, that unbeknownst to Americans, they may be participating in a huge revolutionary overthrow of their own amoral government as they elect to purchase and utilize gold. Remember folks, the Trading With The Enemy Act pf 1917 was placed in effect Because they could NOT track purchases made with Gold! The only way to true financial freedom And prosperity is with the Constitutional form of currency of free men…GOLD!
If the amount of gold purchased by Americans were divided by the total population of over 300 million, this would represent less than $7 of gold purchased per capita per year. Now, should just 10-15% of the moneyed-classes begin to buy gold coins, this represents paper money that is withdrawn from the banksters and converted into real gold that is not likely to even be stored in a bank safety deposit box. Needless to say, the sale of home safes is up 50-70%. This essentially represents a "bank run." Gold coins cannot be used by the banksters any more than money under the mattress.
Government knows it is losing its grip. Government can threaten to take away your guns and bullets as it is currently doing. It can falsely characterize any opposition as being pro-terrorist. It can impart fear with the development of internment camps. It can intimidate with the future recruitment of a 1-million man police force. It can release propaganda via its gofers in the news media. But the people can strike back by abandoning use of their counterfeit money and replacing it with gold. It's a strike at the very center of their ongoing fraud that is now impoverishing every American.
Americans...it's time to load your proverbial muskets. Forget the ineffectual street 'tea parties' which only serve to churn up more frustration. Fire your first shot in this revolution. Buy Gold or buy Silver, and secure your survival to fight another day.
Risk Not your Wealth in Paper, we enter a Period of Truth.
Ten Cents away from $28.00 Silver as of this posting!!!!!!!
Posted by: TheRed.PillPlease 1 day ago+48 Votes (55 Up / 7 Dn)
http://www.marketwatch.com/story/gold-futures-top-1410-on-globex-2010-11-08
Gee Ollie, looks like the natives are getting a little restless. Time to buy more KAT!
WHOA there cowboy! I WISH THAT WERE TRUE, LOL!
Lanthanum: $33.50/kg x 1/35.274 kg/oz = $0.95/oz
Cerium: $33.00/kg x 1/35.274 kg/oz = $0.94/oz
Lovely, just what we need from our representative to gain respect from the company. Expect more silence from Jack, et al. Is it just me or has this board deteriorated recently.
These conventions/conferences are an opportunity to expand your business. They don't waste that valuable time conducting internal corporate meetings.
If there isn't anything good to report, then why have Ken and staff been tied up in meetings all day?
I don't think Ken would expand if the funding weren't there. ;)
Just sent this to "60 Minutes":
Please read this short article from a reputable source entitled, "JP Morgan Buys WAMU - Examiner Says "No Bad Faith" - But Something Still Smells"
http://www.thecorporateobserver.com/2010/11/articles/social-policy/jp-morgan-buys-wamu-examiner-says-no-bad-faith-but-something-still-smells/
Would make a great investigation!
Pope Holy: Hi Guys!! I'm having a great time here at the conference!!! I got to meet Ken and Tim and Zack very briefly. The most important observation I made is that they were very busy in meetings. I will be here at the convention tomorrow also, so we will definitely get a chance to sit down and chat. I'm feeling great!
What's the code for 500,000?
Classic! Another one to frame for my wall.
Of course, this is an imperfect analogy.
Beginnings of a Blue-Sky Breakout?
That is what I call planning ahead. Any wise investor will do this.
You were probably right until the US Fed stepped in and changed the dynamics. IMO, we ain't seen nothin yet!
Only the beginning.
Price of Silver being Manipulated???
Hagens Berman Sobol Shapiro: JP Morgan and HSBC Face RICO Charges in Silver Futures Class Action Lawsuit
JP Morgan Chase & Co. (NYSE: JPM) and HSBC Securities Inc. (NYSE: HBC) face charges of manipulating the market for silver futures and options in violation of federal commodities and racketeering laws, according to a new lawsuit filed Tuesday in the U.S. District Court for the Southern District of New York.
(Logo: http://photos.prnewswire.com/prnh/20080317/AQM144LOGO)
(Logo: http://www.newscom.com/cgi-bin/prnh/20080317/AQM144LOGO)
The suit - which alleges violation of the Commodity Exchange Act and the Racketeering Influenced and Corrupt Organizations (RICO) Act - alleges that the two banks colluded to manipulate the market for silver futures starting in the first half of 2008 by amassing huge short positions in silver futures contracts they had no intent to fill, but did so to force silver prices down to their benefit.
The suit was filed on behalf of Carl Loeb, an independent investor in silver futures and options, by Seattle-based Hagens Berman Sobol Shapiro LLP, a class-action and complex litigation firm.
"The practice of naked short selling has long been a serious issue on Wall Street," said Steve Berman, co-counsel and managing partner at Hagens Berman. "What we know about the scope and intent of JP Morgan and HSBC's actions in this short-selling scheme dwarfs any other similar attempt to manipulate a commodities market."
According to the complaint, JP Morgan amassed a sizeable short position in silver futures and options in part through its March 2008 acquisition of investment bank Bear Stearns. By August 2008, JP Morgan and London-based HSBC controlled more than 85 percent of the commercial net short position in silver futures contracts.
The suit alleges that, starting in early 2008, the two banks began manipulating the silver futures market by accumulating unusually large "short" positions and then secretly coordinating enormous sales of silver futures contracts on the Commodity Exchange, which is known as "COMEX" and is part of the New York Mercantile Exchange.
According to the lawsuit, JP Morgan and HSBC used a variety of methods to coordinate their manipulation of the market for silver futures contracts, signaling when to flood the COMEX market with short positions, which caused the price of silver futures and options contracts to crash.
The suit describes two "crash" events that were set in motion by JP Morgan and HSBC, one in March 2008, and the other in February 2010, after defendants had amassed large short positions. In the wake of both events, the suit alleges, COMEX silver futures prices collapsed.
"We believe that JP Morgan and HSBC's scheme was carefully conceived and coordinated to maximize their profits at the expense of innocent investors who believed that they were trading in a market free from manipulation," Berman said.
The complaint also contains allegations that in September 2008, the U.S. Commodity Futures Trading Commission launched an investigation that would eventually consider allegations made by a London-based independent metals trader named Andrew Maguire that the silver futures market was being manipulated.
The complaint alleges that Maguire disclosed to the CFTC on Feb. 3, 2010 that he received a signal from the two banks of their intent to drive down the prices of silver futures two days later, on Feb. 5, 2010. Maguire's information was correct and the price of silver dropped dramatically between Feb. 3, 2010 and Feb. 5, 2010.
In addition, the lawsuit states that both JP Morgan and HSBC still maintain highly concentrated holdings in short positions in silver futures and options, giving both banks the ability to continue manipulating the price of silver.
Plaintiffs' attorneys have asked the court to certify the case as a class action and enjoin JP Morgan and HSBC from continuing
their alleged conspiracy and manipulation of the silver futures and options contracts market.
Attorneys also ask the court to award damages and attorneys' fees to the class.
About Hagens Berman
Seattle-based Hagens Berman Sobol Shapiro LLP represents whistleblowers, investors and consumers in complex litigation. The firm has offices in Boston, Chicago, Colorado Springs, Los Angeles, Phoenix, San Francisco and Washington, D.C. Founded in 1993, HBSS continues to successfully fight for investor rights in large, complex litigation. More about the firm and its successes can be found at www.hbsslaw.com.
Media Contact: Mark Firmani, Firmani + Associates Inc., 206.443.9357 or mark@firmani.com.
SOURCE Hagens Berman Sobol Shapiro LLP
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Gold too???
Yes, I believe the 2 hole total depth is estimated at 1200-1500 meters.
I believe we're talking meters here.
I could live with that.
"I LOOK AT IT THIS WAY ..................THE ((( BIGER THE FIND ))) AT RUSTY RIDGE!!!!...........THE QUIETER .....KEN STEAD ((( SHOULD BE ))) ........
AND KEN STEAD IS AS QUIET AS A MOUSE TIPTOEING ON FEATHERS! ............((( BIRD FEATHERS! )))........ KAT HAS FOUND IT'S BOTTON ....it's almost Show time!"
- The one who flys
Excellent point as it does kind of make the whole report worthless without it. Maybe the good judge will deny Hochberg payment for it!