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Time to drill drill drill!!!!!!!
Been waiting for this day for the past seven months!
Exactly, and now you are looking to cause a stir to hopefully create a little selling so you can get in at a lower PPS.
I have seen your type 1000 times on I-HUB.
Agreed, .18 on the ask now.
Just added myself. So much potential here, it's hard to resist buying more at these levels.
Yes, that is a concern of mine as well. If results of Handcamp are good and for arguments sake the PPS of KATG explodes to $2 in 6 months time, a lot of shareholders of "free" shares are going to take profits the day that restriction is lifted. This could cause a large dip in the PPS unless there is big enough news at the time to counter the sell off.
This could be HUGE! And I mean really really huge. If the KATG divi shares were not restricted, this would be a big lift to investor confidence as this has been the biggest area of concern lately for I-HUB posting shareholders (myself included). If Ken announced the divi date along with a change in the shares from restricted to free trading, you would see an explosion in the PPS with many people (short and long term investors) rushing into KATX.
Nice volume today, we very well could bust through .20 again.
I sure hope so. I am thinking more like .18.
I agree with you. IMO the last "run" was mostly based on anticipation of drilling. It has taken a little longer than many people thought it would and therefore people put their money elsewhere for now. Once drilling has officially commenced on Handcamp, the PPS should increase.
Scottrade will not allow this. This message appears: "Unable to enter the order because the limit price entered is too far away from the market price for stocks under $10."
They are really trying to take us down again this morning.
I am sure that the start of Handcamp drilling will be announced very shortly. Try to have patience, Rome (or in this case the KAT empire) was not built in a day.
So another R/S by the hands of Ray Ray.......so sad.
Almost time to re-enter this and make some of my money back. .005 to .01 is where my buying will begin.
Smitter- keep fighting the good fight my friend. You still run a fair and balanced board here.
At least your being honest.
You didn't hear about it?? It took him about two months, but a shovel, a hammer, and a daily dose of some cold ones is all that was needed. The hole was about the size of a standard bathtub. Actually, for such a small hole $2 mil isn't that bad. I wonder what will happen when the real drill gets to work!
hahaha a little humor always helps on a red day.
Ahhhhhhhhhhh how about drilling of Handcamp to commence literally at any moment.
Nice try.......
Ditto
That could not be any clearer.
It would be nice if the DIVI date and the start of drilling were announced in the same PR. Talk about a frenzy to buy shares of KATX.
I am holding strong here, but this high volume red day is not an easy one to stomach. A lot of people jumping ship.
IMO they will be VERY sorry in the coming weeks......
Word is getting out about the long term potential here. Now lets bust through into the .30's this week.
Some stop losses just taken out, now back up we go.
I am sure Ken has already had discussions with Vale about our other copper claims. Just a matter of time..........
Here comes the volume........
HUGE NEWS!!!!!!!!!!!!!!!
Ok, so just to clarify: The trenching/pack sack drill plan is planned to commence sometime this summer followed by a full scale drill program in the fall. Is this correct?
"KAT Exploration will maintain all its high grade copper properties and is aggressively preparing to take its copper exploration and drilling programs to the next major stages of development to be announced soon."
I expect this will be next on the PR front.
just slapped the .18's as well.
Thank you, looks like it is time to add to my starter position. I didn't realize that drilling was to begin so soon.
With all the findings thus far and the low float, this could be a monster in the making.
Can someone please tell me how far along this company is with establishing a drill program?
When do you expect the drill to actually hit the soil?
Looks like a lot of potential here.........
Most likely, yes. Many here believe that the date to qualify for the 4 to 1 BVIG deal will be in the future and not the past.
You have no idea what you just started.......
So what happens when the restricted shares come off of restriction? Lets just say they become free trading shares on July 15'th 2011 and the PPS is $5 because of amazing drilling results at Handcamp, a JV ,etc. Hundreds of shareholders of these restricted "free" shares now have a chance to actually sell these shares and take some profit after spending a year watching their "free shares" grow so much in value. Wouldn't BVIG (or whatever the ticker is) loose much of it value from all the selling pressure?
I know this is a year from now, but it is all worthy of discussion now. Much of the reason I bought into KATX over 6 months ago was because of Handcamp, and although I know there is MUCH more to Kat than this property, it is on the forefront of many minds because it will be drilled very soon. I am trying to figure out if I should purchase free trading shares of BVIG in the near future (once the dust settles and we know what the float will be, but before drilling results).
Additionally, there is a clear distinction between a long who takes profits on the way up and a flipper. I enter every stock I purchase with a plan. I set price points for taking some profits if the PPS increases, and exit points if the PPS tanks. I have not sold any shares of KATX in over five months (since covering my position) and I continue to ride "free" shares. However, I (like many here) have set a few sell points in the $1 range after Handcamp is proved while holding onto most of my shares for the long haul. How can you take some profits based on great Handcamp results if your shares in Handcamp (BVIG) are restricted?
The only answer I can come up with is to move some money from KATX into BVIG sometime over the coming month or so.
Any thoughts, other than the "your stupid if you ever sell KATX shares" crap?
ErOck- How do you believe the Handcamp drilling results will impact the PPS of KATX in the next few months? Do you believe that BVIG shares will see the brunt of PPS valuation based on good results of Handcamp drilling?
It's called healthy discussion to clarify things. If the PR yesterday included more details, people would not have as many questions today.
I plan on it, and will report back.
Having trust in a management team does not mean you fly blindly and not question or look for further clarification on certain topics.
This is not a black and white discussion. I for one am happy with the distribution of shares but have some concerns. To imply that anyone that is not 100% satisfied with yesterdays news should just "exit" is very closed minded. What is the point of this board, if open discussions are not accepted by many here.
Ok, let's play. So Handcamp drilling goes really, really well and HUGE amounts of gold and copper are found (this is quite possible) and BVIG goes to $5, but KATX remains in the 20 to 30 cent range (anything is possible). Now, lets say the BVIG shares are restricted for a period of one year, and some of the drilling results (enough to make BVIG sky rocket) are back to us by August of this year. I hold a large position of KATX and in turn a pretty large position of BVIG. I can't sell any of my BVIG and take profits because they are restricted, while people who bought some of the public float start taking profits and over the next few months it drops to $2 a share and holds there for a while.
The only way around this I can see would be to buy free trading BVIG shares in the near future, would you not agree?
I am really not liking the fact that these BVIG shares will be restricted, unless of course it is for a very short period of time until everything is sorted out in the next month or so. Am I glad to have them, yeah! BUT, I don't like the fact that I can't trade them as long as they are restricted. What if things go really well with Handcamp drilling and I want to take profits? Nope can't do that. What if drilling is not as good as expected and BVIG starts to drop? Can't get out, can I?
For the record, I am in NO WAY bashing, but rather looking at all angles of today's news and trying to get to the bottom of this restricted shares business.