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Not to worry................we now got the funds to meet bail!
YOU WILL!!!
"KATX IS THE MOST PROMICING JR EXPOLRER OF ALL"
TIME!
Thought I would fill in the blank.
Creating that shell and signing on with a big name law firm was probably a milestone to getting the next mil.
I believe your analysis is correct. Ken mentioned he didn't want to wait for shareholder vote outcome to act. He is protecting us from a hostile takeover. Once again, Ken is demonstrating shareholders are #1 and how confident he is in the outcome. Nice read!
Very risky, but to each his own.
That One Eyed KAT's a winkin at us!
Gold at $1237.90, +$17.80 and all's well.
A month from now and you'll be sayin you got in early!
Shakin the tree!
I agree, first things first.
You could be right IF the drilling produces very postive results and KAT management and the law firm decide to try and take advantage of the rampant gold fever that's beginning to set in. Kinda like a slingshot effect if you will.
Don't get me wrong, I know it's coming. I just don't think we'll get news this week. Since the new law firm came along, I just think we're now beginning to see a dramatic shift in the way news is presented. And that's OK because I believe it will be in the best interest of the shareholders.
On no news???
I think that would exceed EVERYBODY'S expectations, especially mine.
Oh, come on, give us the video!
I would hardly call 37250 huge.
Gold in a breakout this AM. $1223.90/oz, +$23.30. Beautiful timing!
IMO, SP is creating all these revenue generators so he doesn't have to increase the A/S. His business plan is brilliant. It'll just take a little longer than what most here would like since he's the type that likes to DIY, at least in the early development phases. Nothing wrong with that..........more control, less surprises and steady growth even though we haven't seen much of that yet. Soon, all these generators will begin to come online and then WATCH OUT!!!
I've heard it said the break even point is somewhere around 3g/t.
I come up with 1oz/t
So what concentrations did they find when they drilled back then? Nevermind, just found it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49103668
Excellent point! Forgot about that one. Personally, I don't believe they've found the BIG deposits yet. I find it hard to believe the largest concentrations are on the surface, BTJMO.
-BMBU
That is why proper DD on the property is so critical. Those who do it properly and act on it accordingly increase their odds for success. If the data isn't there, time to move on. KATX, I believe, has done their proper DD and all the data they have collected over the years points toward success and the USGS, Vale, 120 Wall St. and $5 mil investors appear to back them up.
Why do you think people keep going back there if in your words it has very little gold? Truth of the matter is, surface samples as high as 158g/t (5840 ppb) Au which is a strong indicator more is below. Even you can't deny that. The gold is there, it just hasn't been found...........................YET!
-BMBU
I prefer to think of it as DD.
Spot on!
Birdman does just fine on his own IMO.
HC classified as Model 24a property by USGS of which this Cyprus VMS deposit is of the same type. Note Shear Zones in Fig. 96 and Massive Sulfide Deposits in Fig. 95.
http://pubs.usgs.gov/bul/b1693/Md24a.pdf
http://pubs.usgs.gov/bul/b1693/html/bull2b8l.htm
HC GOOGLE EARTH:
http://pubs.usgs.gov/of/2009/1034/VMS.kml
HC USGS DATA
http://tin.er.usgs.gov/vms/show.php?labno=750&place=fCA05
-BMBU
Seems to me that Vale may be using Cornerstone as a bargaining wedge (not chip) in dealing with KAT knowing that we have far superior properties.
As stated in one of my earlier posts, this "Cone of Silence" all started when the new law firm came on board. We may very well NOT hear much, if anything this week.
When that billion dollar smelter fires up, Vale will need serious properties to feed it's voracious appetite. They need to start lining up those properties now.
It just boggles my mind all the stuff that is going on with this company. The Stead brothers sure know how to keep it interesting. Maximum flexibility is key in attracting attention and to that end, KAT gets an A+++. Makes me think that is a leading reason why Ken has 11 JV's under his belt. All this combined with low overhead makes this company a powderkeg when 1 of these properties hits. Tough to imagine how we can possibly lose here.
Why did Ken leave Cornerstone?
Yesterday was NO computer glitch. EOM
Now that we have our shell, anyone have a ballpark idea on how long before the uplisting gets finalized? Are we talking days or weeks?
Posted by: 955 Date: Thursday, May 06, 2010 11:23:55 PM
In reply to: birdmanbob4 who wrote msg# 40364 Post # of 40474
Maybe Ken's waiting until we're uplisted before releasing JV/spinoff/drilling news. That way the investment pool will be much larger and the "boing" effect that much greater.
To those who have sent me PM's, my apologies, my membership won't allow replies. Keep the faith, put your blinders on and stay focused on the facts at hand. WE GOOD!
Maybe Ken's waiting until we're uplisted before releasing JV/spinoff/drilling news. That way the investment pool will be much larger and the "boing" effect that much greater.
We ain't seen nothin yet!
Posted by: 955 Date: Wednesday, May 05, 2010 10:43:42 PM
In reply to: charr992000 who wrote msg# 39924 Post # of 40346
I TOTALLY trust KAT management to do what's best for the shareholders and I'm sure Ken communicated that to our new law firm. A couple thoughts on why a spinoff might be of more benefit than uplisting the entire company.
First, suppose Handcamp is the spinoff and when drilling starts, results are less than spectacular (HIGHLY unlikely IMO, but it could happen). The HC spinoff would tank leaving KATX relatively unscathed and our investments intact.
Second, suppose HC is the spinoff and drilling results are spectacular. The HC spinoff "KABOOM's TO DA MOON", we all make out like a bandit and KATX is still poised for future growth. Furthermore, HC will be more subject to LARGER GAINS simply because it doesn't have any other unproven properties holding it back. Investors will flock to this in greater droves. It's all about HC ONLY! Totally isolated from KATX and FREE TO FLY TO THE FELSIC MOON! AND, if that's not enough, THE HC SHARES ARE TOTALLY FREE! AND once again, our KATX shares are totally preserved, ready to run with the next property stepping up to bat. Then you repeat the spinoff process with this property and DEJA VOUS!!!
BELOW IS A GOOD EXAMPLE OF HOW THIS MIGHT PLAY OUT, COURTESY OF DAGGFISH:
Posted by: daggfish Date: Thursday, May 06, 2010 12:33:41 PM
In reply to: None Post # of 40188
A perfect example here is an exploration company creating a spin-off for one of their gold properties with a gold player that sounds familiar..
Kent Exploration Inc.
TSX VENTURE: KEX
Apr 30, 2010 18:48 ETKent Announces Spin-Off Approval at Annual Shareholder Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2010) - Kent Exploration Inc. (TSX VENTURE:KEX) (the "Company" or "Kent") reports that the Company's Annual General and Special Meeting (the "Meeting") was held at 10:00AM today at the offices of Miller Thomson LLP.
Items for consideration, as outlined in the Proxy Circular mailed to shareholders of record on March 26, 2010, were the appointment of directors, appointment of auditors, continuation of the Company to British Columbia from Canada (the "Continuation") and to approve the plan of arrangement to spin-off the Gnaweeda Gold Property from Kent into a separate company, to be named Archean Star Resources Inc. ("Archean Star", as a dividend to shareholders (the "Arrangement")).
The Company is pleased to announce that Graeme O'Neill, Marvin A. Mitchell, Michael England and John Cerenzia were re-elected to the Board of Directors and that Corey Klassen was elected as a new Director. Graeme O'Neill is re-appointed as President and CEO, Greg Amor is re-appointed as Chief Financial Officer, and Trudy Holloway is re-appointed as Corporate Secretary.
Shareholders overwhelmingly approved both the Continuation of the Company into British Columbia and the Arrangement. The Continuation will become effective without delay and the Arrangement will be submitted to the Supreme Court of British Columbia for final approval on or about Wednesday, May 5th. Under the Arrangement, shareholders of Kent on the effective date of the Arrangement (the "Effective Date"), which has not yet been determined, will receive one (1) common share in Archean Star for every four (4) common shares of Kent held on the Effective Date. Kent shall issue a news release providing advance notice of the Effective Date. As of the Effective Date, Kent will hold approximately 10% of Archean Star, excluding common shares to be issued under the proposed financing.
The Directors of Archean Star, as approved at the Meeting, are Graeme O'Neill, who will also act as President and CEO, Marvin A. Mitchell, P.Eng., Michael England, William Lupien and Ms. Nancy Reardon, M.Sc., P.Geol. Greg Amor shall serve as Chief Financial Officer.
A non-brokered financing consisting of subscription receipts is being undertaken by 0877072 BC Ltd. (a corporation which will amalgamate with Archean Star under the Arrangement) in order to provide sufficient working capital for Archean Star's business plan and stock exchange listing. Subscription funds will be held in trust pending completion of the Arrangement, at which time the funds shall be released and each subscription receipt shall automatically convert, for no additional consideration, into units of Archean Star at $0.25 per unit. Each unit will consist of one common share and one 12 month common share purchase warrant exercisable at $0.30 for the first six months and $0.35 for the second six months.
The Company will be exhibiting at the Cambridge House "SaskRocks" Investment Conference, May 7, at the Saskatoon Inn Hotel Convention Center.
Kent Exploration Inc is a junior exploration company that has an Option Agreement to earn 100% of Teck's interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in West Australia and has acquired the Alexander River, Paparoa and Lyell gold projects in the highly prolific Reefton gold field in New Zealand.
The Company has an option to earn a 100% interest in the Silver Hills property, a silver/lead/zinc prospect in south-eastern British Columbia, and has a 100% interest in the Courtney Lake property, a silver/lead/zinc prospect in north-east Saskatchewan. The Company has a 100% interest in Coal Prospecting Permits covering approximately 92,000 ha in east-central Saskatchewan, a 100% interest in a mining lease option on the Flagstaff Mountain property, a gold/silver/zinc/barite prospect in eastern Washington state, a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target in Nevada's Carlin Trend, and 50% of a 100% interest in the Ivanhoe Creek placer claims covering a bentonite deposit.
This News Release has been prepared on behalf of the Kent Exploration Inc. Board of Directors, which accepts full responsibility for its contents.
----------------------------------------------------------
What KATX did today was truely remarkable considering how the rest of the market tanked big time. AND now their saying it was some computer glitch.........POPPYCOCK I SAY!!! They are just trying to calm the fears of the investment world and restore stability IMO.
WE GOOD................WE VERY GOOD!!!