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Well said, and I agree 100%.
What is your point???? The drilling of the first phase will be done when it's done, and the report will follow soon there after. It could be another week or two or the report could be released in a PR tomorrow.
Don't get caught with your pants down.
It was a share distribution not a divi, and if you are implying that KATX has lied to its shareholders and committed fraud, that is a very strong accusation. I would be prepared to back that up with facts (which don't exist).
Oh he gets it completely. His motives will not allow him to admit it though. When he buys back in he will be praising KATX up and down.
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - 07/29/10) - KAT Exploration Inc. (Pinksheets:KATX - News) (www.KATexploration.com) and Bella Viaggio, Inc. (OTC.BB:BVIG - News) are very pleased to announce that J. Wayne Pickett has agreed to join the companies as a director and "Senior Vice President of Capital Projects." Mr. Ken Stead, CEO, commented that "on behalf of the board of directors, we are delighted to have someone with this caliber of a geological background to oversee all the company's projects as we move forward ever so rapidly." All present and future geologists along with field crews will work under the direction of Mr. Pickett.
Please check the link for Mr. Pickett's resume.
(http://www.katexploration.com/PressReleases/Wayne%20%20Pickett%20Resume%202010.pdf)
Also, on June 26th, 2010, 77 new claims were staked around the most Northern claims of the Handcamp property as more new discoveries have been found. This latest discovery is approximately 2 kms to the North of the main Handcamp showing and appears to be an extension of the latest north western anomalies recently discovered through Induced Polarization (IP). This mineralized zone contains very impressive massive sulfides and samples have been sent to the lab for gold and base metal analysis. No drilling or trenching has taken place in those new areas thus far but will be part of another drill phase as we continue to move the project forward.
The PR is dated 7/29/10, and the only mention of June 26th is in reference to the new claims staked on that day.
Stop trying to deceive people!
That is incorrect, the drilling began on July 6th and these PR's were released weeks later.
How about directly from the 7/22/10 PR:
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - 07/22/10) - KAT Exploration, Inc. (Pinksheets:KATX - News) and Bella Viaggio, Inc. (OTC.BB:BVIG - News) are very happy to inform shareholders of the ongoing first phase drill program on its Handcamp high grade Gold property.
And more recently from the 7/29/10 PR:
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - 07/29/10) - KAT Exploration Inc. (Pinksheets:KATX - News) (www.KATexploration.com) and Bella Viaggio, Inc. (OTC.BB:BVIG - News) are very pleased to announce that J. Wayne Pickett has agreed to join the companies as a director and "Senior Vice President of Capital Projects." Mr. Ken Stead, CEO, commented that "on behalf of the board of directors, we are delighted to have someone with this caliber of a geological background to oversee all the company's projects as we move forward ever so rapidly." All present and future geologists along with field crews will work under the direction of Mr. Pickett.
Please check the link for Mr. Pickett's resume.
(http://www.katexploration.com/PressReleases/Wayne%20%20Pickett%20Resume%202010.pdf)
Also, on June 26th, 2010, 77 new claims were staked around the most Northern claims of the Handcamp property as more new discoveries have been found. This latest discovery is approximately 2 kms to the North of the main Handcamp showing and appears to be an extension of the latest north western anomalies recently discovered through Induced Polarization (IP). This mineralized zone contains very impressive massive sulfides and samples have been sent to the lab for gold and base metal analysis. No drilling or trenching has taken place in those new areas thus far but will be part of another drill phase as we continue to move the project forward.
You don't "move a project forward" into another phase unless the results thus far have been positive!!
"Besides that, it will economically benefit KATX/C because both KATG (formerly BVIG) and KATX/C will be owned/run/managed by the same people!"
Great Point!
Let's put it in a different context: Say a business man opens a small chain of restaurants. He puts one of the restaurants in his wife's name and she helps her husband run the place. If this restaurant is a great success it can bring the husband (and wife) big profits. They can then invest those profits into their other restaurants to make them more profitable as well. Also, because the one restaurant is so popular, the patrons go to the couples other restaurants thus generating more business and even more profits.
That is 100% correct. IMO- another phase of drilling is a clear indication from Ken that the first phase has been a success thus far. How much of a success is unknown at this time.
It gives great creditability to Kat Exploration and the executive team. It shows that this company means business and should be valued at a much higher amount. Furthermore, it gives the market more confidence that the other properties currently held by KATX will also show great value.
It's a win win for both KATG and KATX.
There is another phase of drilling to be done on Handcamp, which as I understand it has not even begun yet. So to keep asking if the drilling is complete over and over and over is foolish.
Next phase of what then Gump?? What are they doing at HC, playing board games?? They are DRILLING!!!! Come on, now you are really grasping at straws.
When is that "vacation" you are going on?
That is an UNREAL response. How can one be so shortsighted? Ken and his team are building an empire and have their hands in many exciting projects. I know you are a "trader" so it's a little difficult to think from an investors perspective, but the future is very exciting with all these various projects.
Handcamp results will be released when the Geologist has completed his work on the findings thus far. If done properly, this all takes time.
Sounds like Cabot might be drilled this year as well. Interesting....
How would the stock "act" if we had "hot" assays? Because in order for a stock to "act" a certain way without a PR, information from the company would have to be leaked out. Maybe just maybe, we are dealing with a tight lipped team at Kat that is following SEC guidelines and playing by the rules. Imagine that.......
"At this rate we won't be doing much with Rusty this year either."
Are you serious? We are about to begin drilling Rusty at any moment. Why on earth would you make such a statement? I wonder........
Hopefully he "brings it" when we are least expecting it. It would be nice to see some posters on this board be caught with their pants down while bragging about not holding a position.
AND on the other hand, if the results come in strong (which all indications point to) the share price will take off to new highs.
And additionally, IF for some crazy reason the HC results come back weak, the drill bit is about to break ground at Rusty Ridge (IMO our most promising property), keeping investors in this stock.
You can't have my shares Gump!
That is a very low A/S amount. NICE!
Outstanding day on increasing volume. I am still holding a nice sized position here patiently waiting for drilling results and the rest of the story to unfold.
"we are golden"
Agreed, literally we are VERY golden!
No need to add this to the PR:
"once all of the numbers are in"
My understanding of the PR is that results will be released very shortly from the first batch of results.
You are correct that this stock has traded consistently with the "buying rumor and selling news" way of behaving. However, when drilling results are PR'd to the public, you can throw that line of thinking out the window. If Handcamp results are great (or even good), people will be buying the news like crazy.
Yup, seems like the perfect storm is brewing. Announcement of drill results of Handcamp and additional new claims, commencement of drilling of Rusty Ridge, and a T/A breakout. This could get really crazy in the next few days..........
Great find, and VERY interesting given the current state of affairs. There is no way in hell Ken would stake new claims if he was not very optimistic about claims in the same area currently awaiting results from the lab. Maybe just maybe Ken knows a little more than us shareholders about Hand Camp.
Na, people just want results from the lab now. Everyone has had enough of the should be, could be crap. These lab reports could come as early as this week as it was stated in the PR that the samples were already sent out and expedited.
Get ready for a big day when that PR is released. My bet (and it's a very large one) is on very strong numbers from Handcamp and Rusty Ridge.
The potential here is HUGE, but it seems that KATX is not attracting many new shareholders lately. So much DD has been done on the properties and now we just need the results. IMO once good Handcamp numbers return from the lab, a new breed of investors will enter. This should start a new upwards trend for this stock which could last a while with Rusty Ridge drilling beginning any day.
From 7/6/10 PR-
"At certain stages of the drilling program, when results have been obtained from the lab contracted to analyze the drill samples, a press release will inform shareholders of those results."
Correct, they are not important to "traders" of this stock, but to "investors" they are quite important and will have a lot of value in the coming months.
From 7/6 PR- "At certain stages of the drilling program, when results have been obtained from the lab contracted to analyze the drill samples, a press release will inform shareholders of those results."
Very impressive volume to start the day/week. If this continues, we should push through .20 today.
With Rusty Ridge about to be drilled that is unlikely. I am expecting to hear more about RR drilling this week before the 16th. Only time will tell how this will all transpire, but I have faith that Ken has taken everything into account and has planned accordingly.
Rusty Ridge will be drilled very shortly (I would guess it would commence around July 16th) which should offset the possible PPS reaction to the move to BVIG/KATG. I fully understand your worries, but don't you think Ken has kept this all in mind during his planning of this entire process?
We have a LOT to look forward to here. But, first I expect we hear about the start of drilling at Rusty Ridge in the next few weeks. It would be my guess that this will be just before July 16th for obvious reasons.
MOUNT PEARL, NL--(Marketwire - 06/16/10) - KAT Exploration Inc. (Pinksheets:KATX - News) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick.
The Rusty Ridge targets have been identified by an airborne survey and ground geophysics which can be viewed on KAT's website.
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia.
The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
President and CEO Ken Stead stated, "This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes."
Shareholders and Investors will be kept up to date as this drill project moves forward.
I agree with what you are pointing to, BUT (and this is a big BUT) investors need to keep Rusty Ridge in mind as we will begin drilling there in the very near future. I believe Rusty drilling will commence around the middle of July which will add value to KATX during the transition.
I strongly believe that Ken has this planned out perfectly so both KATG and KATX increase in value very shortly.
"What makes it worse is gold is now down a little. A high price of Gold is important to make HC a success."
Oh wow, just when you think you have seen it all on these forums.........
FYI- Gold is currently near record all time highs.
Sure it can go down, but there is a much greater chance of seeing the PPS increase in the near future. There are just way to many big events that are underway right now for this to see a sharp decline. That, and the fact that the chart looks primed for another leg up after this consolidation period is over.
Yup, impatience at its finest.
And it may also return to 24 cents. Whats your point?
Do we know if Ken will issue updates throughout the drilling process? Has this been confirmed?