accumulating KATX!
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LOLBWAHAHAHAHAHAHAHAHAHAHAHOHO!!!!!!! It was a good start 3-5 years ago and it's still a good start now. How can it be that way for both time periods?
Because this is a gradual process, and it needs time to nurture and mature, and to go through the initial stages of growth one expects from any corporation that is in the throes of early development, not just KATX. However, the additional power of KATX is that there is a powerful base of investors who aren't foolish enough to sell. They have PATIENCE.
I don't decide when the starting process is over. The pps fluctuates with the markets daily nuances, until a steady road is leveled and begins to transport the investors through a more smooth process. Gaining and losing through jerks and twists are natural events and needn't be investigated with magnifying glasses and microscopes. Extreme focus on the day to day moves of a pink sheet entry is overkill.
MAPPO! Thanks!
In general you post very important reminders to all those of us who are gung-ho on KATX, and they are great for newbies!
Your pleasant reminders such as, "Patience!" and "Don't get scared out of your shares," and your other encouraging prompts, are very helpful, especially to newcomers who deserve the truth about our currently suppressed, but soon to be powerfully expanding and rising, stock prices!
Look at the Photos of Mr Thomas Brooks Working/ supervising 15 Men at Ekom
He aint supervising people scratching their itchy behind...now are they ?
Gold is Hot Hot Hot right now....and my friends.. Kenny Boy is Mining it for longs $$$$$$$$$
Look out Mars here we come.
If you want to know what is going on...Call Kenny Boy Stead...read the ^plan^...do not take my word for it!!.. Call the Kenster..
Right now.. Small Jr. Gold Producers is where the future is at.
Very happy to own this one. Wish I had more.
Shares are comming to longs and gold is headed to ^ The Planet Mars^
PS Katx owning a nice chunk of Katg....Katx will be a A Steal
When }and they will[Kat anounces Gold productiin numbers next...And both will go KABOOM..Headed way past the Moon straight to Mars..[color=red][/color]
Ekom is a half a billion dollar deposit and will be worth mucho mas with gold goin mucho mas higher-t i
[
$$$$$$$$$$$$$$$$
$$$$$$$$
It is obvious to me that Thomas Brooks has spent the time and earned the confidence of the Bibiani Cheif.
It is also obvious to many that NYSE listed Ashanti Goldfields built a seven story deep UNDEROUND Mine on the Ekom Eya when Gold was just 30 dollars a ounce
....The Cut off grade ....then. at 30 a oz...is Now considered a High Grade Gold Deposit.
..Also the 500 Ekom Eya Miners using stone age equipnent at the Ekom Eya I think they would disagree with your assement.
.. PS: At todays gold prices 2.000 and going higher a half a ounce per ton is a Mineable grade!!!!!!....look it up. Kat has a much higher grade than that fer sure.
All the proven Facts about the NYSE listed Asanti made millions at Ekom
....and so will Kat Gold Holdings....Go Kat Go...in my opinion " we Good..Very good" :)
If you knew all the history of the Ekom Eya you might think differently!
At one point all the Gold in the ground in Ghana belonged to the Government.
It was 'Socialized' after Ghana won it's independence from Great Briton.
It was in a company called Ashanti Goldfields, the Ghana government owned the great majority of Ashanti.
Ashanti Goldfields was listed on the NYSE.
http://www.answers.com/topic/ashanti-goldfields-company-limited
Then the government of Ghana decided to un-socialist all the Gold property's in Ghana.
Ashanti owned all of the Bibiani as well, including what is now known as the Ekom Eya north underground Mine. That now is the co-op that Kat Gold is a partner with.
When Ghana got out of the mining biz they set aside a great property to give to the people.
Below is the history to the NOW Ekom Eya!
Over a century after its incorporation, Ashanti Goldfields Company Limited of Accra, Ghana, remains one of the largest producers of gold in the world, achieving an annual gold production of 1.74 million ounces in 2000. It is also Ghana's largest earner of foreign funds and the only mining operation on the New York and London stock exchanges run by black Africans. Originally operating with a single mine--the Obuasi mine in Ghana's Ashanti region that gives the company its name--Ashanti has in recent years expanded aggressively throughout Africa and now operates seven mines in Ghana, Zimbabwe, Guinea, and Tanzania. The company also maintains 25 active exploration projects in six African countries and about 20 outside the continent. Ashanti's most productive mine is Obuasi, which, despite over 100 years of continuous operation, is still one of the top-producing mines in the world and the largest mine in Africa outside South Africa. Conscious of its success on an often volatile and troubled continent, Ashanti prides itself in its relationships with local authorities and traditional political and social institutions in the African countries where it operates. The company has assisted local communities with infrastructure projects such as roadways, water and electricity access, and education.
The rich goldfields in the Ashanti region of what is now Ghana were controlled by the powerful Asante (Ashanti) state as far back as the 17th century. The British colonization of Ghana in 1874 and the ensuing Ashanti wars brought a large number of Europeans to the area, and soldiers and travelers spread the word about the region's legendary gold reserves--"you could pick up gold as you would potatoes," reported one traveler. Widespread interest opened the region for large-scale commercial gold production. In 1890, Joseph E. Ellis and Chief Joseph E. Biney, Fatwe merchants from Africa's Cape Coast, and their accountant Joseph P. Brown negotiated mining concessions for 100 square miles in the Obuasi District. There they opened the Ellis Mine and introduced modern industrial mining techniques to the area. The Ellis mine operated for five years, then the partners sold the concession to Edwin Arthur Smith of the London-based firm Smith and Cade. With the overthrow of the Ashanti king in 1896, the Ashanti protectorate was brought directly under British control, and Cade was given approval to mine the region.
On June 11, 1897, Cade listed the Ashanti Goldfields Corporation Ltd. on the London Stock Exchange and set up operations at Obuasi on December 24 of that same year. The technique of adit mining--wherein a horizontal passage is dug from the earth's surface into the mine--proscribed by mining engineer John Daw tapped into the most immediately accessible ore in the hills around Obuasi and yielded initially impressive results. The Obuasi mine yielded 2,544 ounces of gold in its first year of operation and 4,673 ounces the second year. This early success, coupled with the devastation of the South African gold trade during the Boer War (1899-1902), fed Ashanti's rapid growth that continued until the uprising of the Ashanti people against British rule in 1900.
The impact of the anti-colonial conflict on Ashanti was devastating. Work was halted, mines became run-down and collapsed due to lack of upkeep. However, the good relations maintained by Daw and Cade with their local employees ensured the safety of the European staff during the hostilities. After the end of the conflict--despite the arrival of the railway line--Ashanti continued to suffer. Output did not return to previous levels, leading to shareholder skepticism over Daw's mining techniques. Edwin Cade died in 1903, leading to a further devaluation of shares. In 1905, an independent assessment of Ashanti operations was carried out by chemist W.R. Feldtmann and mining engineer J.A. MacTear. They criticized Daw's adit mining approach, declaring that the easily reachable ore was nearly exhausted, and that the hills around Obuasi did not contain the rich reefs (veins of ore) once believed. Daw resigned in 1906, and Feldtmann took over as consulting engineer.
Under Feldtmann, Ashanti underwent a period where output was slowed to allow for a change in mining techniques. Shallow adit mining was discontinued in favor of shaft mining in which a vertical tunnel is dug deep into the ground. To accommodate these new techniques, the company's profits were directed into new equipment. Feldtmann also developed more efficient methods of treating gold ore once it was mined. The discovery of an exceptionally rich ore deposit in 1908 brought fruit to Feldtmann's efforts, and Ashanti's success increased until the advent of World War I forced cutbacks in operations.
After the war, Ashanti saw a yearly increase in gold output. Significant discoveries in 1937 of gold along the Obuasi fissure and other locations gave rise to a time of great optimism at Ashanti. The company made plans for major expansions and budgeted for increased output. These plans were cut short by the dawn of World War II, which had a disastrous effect on the entire African gold mining industry. Most mines in the Gold Coast region were shut down for the duration of the war, but a few profitable operations--including Ashanti--were kept open on a "care and maintenance" basis, making do with aging and obsolete equipment.
The end of World War II saw a short surge in the African gold industry (often referred to as the "jungle boom"), but that growth was short-lived. The industry had been cut off from foreign investment since 1942, and many mines that had opened shortly after the war found that they could not sustain themselves, and quickly closed. Ashanti was one of only four operations on the Gold Coast that remained open during this time and was the largest and most profitable. At this time, Ashanti was led by its autocratic chairman General Sir Edward Spears, who lived abroad and visited the company's operations only infrequently, treating it, according to Ashanti's company history, as "a personal fiefdom."
During Spears' leadership, the government of Ghana underwent rapid changes. In 1957, the British Parliament granted Ghana its independence, and Kwame Nkrumah became the country's first prime minister. In 1960, a new constitution was drafted, and the country became the Republic of Ghana, with Nkrumah as its president. Nkrumah proved to be an increasingly dictatorial leader, limiting freedom of action, imprisoning his critics, and finally introducing a one-party system in 1964. He nationalized five of Ghana's six producing gold mines (all but Ashanti), and granted Spears favorable land leases for Ashanti in exchange for derisory royalties. Nkrumah was deposed by the National Liberation Council (NLC) in 1966. The NLC soon began to question the contribution of mining operations such as Ashanti to the local economy and appeared to threaten the favorable land lease options Spears had enjoyed under Nkrumah. In response, Spears threatened to flood the mines. The Ghanaian government then ordered the commissioner of mines and energy to seek new investors for its mining industry, including the Ashanti Goldfields.
Fortunately, Lonrho (London and Rhodesia Mining and Land Company--now Lonmin) already had an interest in acquiring the company, and the government quickly welcomed the takeover. Lonrho acquired Ashanti in 1968 for £3 million (US$2.1 million) in stock, promising to preserve Ashanti as a separate entity. Ashanti was delisted from the London Stock Exchange, and Lonrho offered the Ghanaian government a 20 percent interest in the company in exchange for a 50-year extension on its land leases. The government would also have an option to buy another 20 percent of the company for £1 (US$.70) per share. In response to the sentiment in Ghana that Ashanti had not been growing quickly enough to meet the country's currency needs, Lonrho also promised to increase the mine capacity from 45,000 to 80,000 tons of ore per month. Spears was invited to join the Lonrho board. He retained the title of chairman, but, after expressing much dissatisfaction with the increased government involvement with Ashanti, resigned in 1971.
The Lonrho years were marked by turmoil. Violence between police and miners at the March 1969 strike killed three and wounded 28, and another strike in 1970 closed the mine for a week. A coup in 1972 once again forced a change in government, and the new administration, led by Ignatius Archeampong, demanded government "participation" in all mining companies and acquired 55 percent of Ashanti shares. The company was ordered to change its name to the Ashanti Goldfields Company and relocate its headquarters to Accra from London.
As part of their "participation" in Ashanti's operations, the government appointed Lloyd A.K. Quashie, a geologist and mining expert, to Ashanti's board of directors as deputy managing director. Under his direction, the company began efforts to improve conditions for local workers, and instituted a program to decrease the percentage of "expatriate positions"--positions held by non-Africans. The program sent "promising young Ghanaians" to universities abroad, with the idea that they would return to work for the company, supplanting the expatriates. One of the first recipients of these educational opportunities was Sam E. Jonah, who attended Exeter's Camborne School of Mines in Cornwall, England, and the Imperial College of Science and Technology in London and later became the CEO of Ashanti.
Despite the turbulent times, Ashanti continued to prosper, reaching a peak production level of 533,000 ounces in 1972. Unfortunately, by that time, many ore deposits had been exhausted. This depletion, combined with the loss of foreign exchange and a high tax bill led to another decline through the seventies. The company was unable to expand its interests, invest in new plants, or even replace outdated equipment. Annual production fell to 232,000 ounces in 1980. Profits continued to fall, and in 1982, the company experienced the first operating loss in its history.
It took another governmental shift to turn the company's fortunes around. In 1981, the Provisional National Defence Council, led by Jerry Rawlings, took control. At first, the new government's socialist ideology seemed to spell even more trouble for the Ashanti. But by 1983, the government realized that outside capital would be needed to achieve its goal of rebuilding Ghana's economy, so the political stance shifted to welcome a more free-market philosophy. Its Economic Recovery Program, backed by the International Monetary Fund (IMF), the World Bank, and Western aid donors aimed to rehabilitate Ghana's major export earners, and Ashanti was one of its major beneficiaries. In 1985, Ashanti was granted a £159 million (US$111 million) IMF loan, and the new Minerals and Mining Law allowed Ashanti to keep 45 percent of its export earnings.
With this fresh infusion of capital, Ashanti was ready for an ambitious program of expansion and modernization. In 1986, the company's first Ghanaian CEO, Sam Jonah, was appointed. He embarked on a major overhaul of company operations. While the company's headquarters had been in Accra for twelve years, much of the planning and budgeting was still carried out by consultants in the London office. Jonah transferred these duties to Ghana, keeping the staff geographically close to the mine site. Communications between management and line workers was improved, wages for mine workers were raised, and the company began the community renewal plan that is now a hallmark of all its operations throughout Africa. Ashanti purchased new equipment for mining surface oxides and commissioned a heap leach (a low-cost method of extracting ores) facility in 1990, and the company built an oxide treatment plant in 1991. This project established the Obuasi mine as the largest surface mining operation in Africa and the mine as a whole became one of the top five in the world. Gold production reached record highs, increasing by 25 percent. Loans from the International Finance Corporation (IFC) helped the company launch its Ashanti Mines Expansion Program, allowing it to take advantage of highly profitable, lower grade underground gold resources.
Holder of the majority of Ashanti shares, the Ghanaian government in 1994 announced its plan to sell 17.9 million shares--a full half of its 55 percent stake--in a share flotation on the London and Ghana stock exchanges. The company reserved 1.2 million shares exclusively for Ghanaians, and each of Ashanti's employees received five free shares. In 1996, Ashanti became the first African-operated company to list on the New York Stock Exchange. The capital raised by these two flotations (the London IPO alone was worth $454 million) allowed the company to pay its debts to the IFC and begin its expansion in Ghana and in other African nations. By the end of the 1990s, in addition to the original mine in Obuasi, Ashanti operated the Ayanfuri, Bibiani, and Iduapriem mines in Ghana, the Siguiri mine in Guinea, and the Freda-Rebecca Mine in Zimbabwe. The nineties also saw Ashanti expanding its links with the communities where its mines are located. Beginning in 1990-91, the company supplied water resources such as hand pumps, boreholes, and hand-dug wells for the Obuasi township and 137 smaller villages and townships. Ashanti also undertook projects to bring electricity to villages without it and to build schools for the families of its staff.
A well-publicized crisis at the end of the nineties nearly spelled disaster for the company. The price of gold rose dramatically in September of 1999. The company had outstanding hedge contracts, and the rise in gold price exposed the company to possible margin calls on these contracts. Ashanti's credit lines were frozen. The freeze resulted in a shortfall of capital, which put in danger the completion of the Geita mine in Tanzania, slated for opening in 2000. Ashanti successfully resolved these problems, however, by negotiating a period of margin-free trading and a $100 million bridge facility to finance completion of the Geita mine. Geita opened in August of 2000, three months ahead of schedule, and was the largest gold mine in Tanzania.
Ashanti reported a gold production of 1.74 million ounces for the year 2000--a record for the company, despite its recent difficulties and the cessation of surface mining operations at Obuasi. In 2001, the company's future plans included further expansion in Africa, including operations in the Ivory Coast and the Congo. In his remarks at the Indaba Conference in Cape Town, South Africa, in February 2001, Jonah acknowledged the difficulties of the past and expressed pride in the company's recovery. "We were able to keep focus, despite some particularly choppy waters," he said. "And I am confident we can continue to do so as we train our eyes further out into the future."
Principal Subsidiaries
Ashanti Goldfields (Ayanfuri) Limited; Ashanti Goldfields (Bibiani) Limited; Ghanaian-Australian Goldfields Limited (80%); Societe Ashanti Goldfields de Guinee S.A. (Guinea) (85%); Ashanti Goldfields Tanzania Limited (Tanzania); Ashanti Goldfields Zimbabwe Limited (Zimbabwe); Ashanti Treasury Services Limited (Isle of Man).
Read more: http://www.answers.com/topic/ashanti-goldfields-company-limited#ixzz26qSpTZvT
Ekom Eya is not a huge area but it has to be a high grade area
Or the locals would have not have left the property they were working
And they would not have stayed at the Ekom Eya, now would they? http://www.ghanadistricts.com/news/?read=5926
Would not the locals know where the best gold mining was?... http://www.ghanadistricts.com/news/?read=5926
YES! OF COURSE THEY WOULD!!!
This is the best PROOF yet that the Ekom Eya has got to have some of the best gold property in the entire Gold Belt.... READ THE NEWS FOR YOUR SELF!
The headline of this Ghana news story reads
"BIBIANI : Mining company employs 500 youth." Then the story states " “Ekom Eya” Cooperative Small-Scale Mining Company at Bibiani in the Western Region has employed about 500 youth who were formerly engaged in illegal mining in the area."
Why would 500 locals in the Bibiani area ingaged in 'NON LEGAL MINING' or TRESSPASSING on other Gold Mine property's agree to quit this 'NOT LEGAL' ACTIVITY and come to the Ekom Eya Co-Op if it were not truly a better property than the one they were trespassing on???? This is the best PROOF yet that the Ekom Eya has got to have some of the best gold property in the entire Gold Belt.... READ THE NEWS FOR YOUR SELF! “Ekom Eya” Cooperative Small-Scale Mining Company at Bibiani in the Western Region has employed about 500 youth who were formerly engaged in illegal mining in the area. http://www.ghanadistricts.com/news/?read=5926
Some Companies go in to a great deal of debt and try to grow their company while also struggling to pay back that debt.
Some Companies start out on a budget an fund the growth of that company using the profits from current operations.
Like it or not Kat Gold Holdings is growing
The New equipment is there
The new road is there
The electricity is in place
Thomas Brooks and fifteen full time workers are digging our gold out and IMO using those funds to grow this company.
If this is the way Ken is going at it, I prefer it over big debt and dilution any day.
I am happy that it is obvious from the website that Brooks is on site MINING FOR GOLD
I am happy that it is obvious from the website that what money they do have is being spent to purchase modern heavy equipment and are no longer going at it like with a Pic and Ax.
In my opinion they are going at it and are going to make it work no matter what!
I am happy that it is obvious from the website that the Ekom Eya operation is no longer what it was before Kat joined the Co-Op.
No matter how much money they do have,
We would always like it to be more.
It is obvious that Kat Gold is not waiting for a rainbow and a pot of Gold to arrive
They are digging it out of the ground themselves
This is still true
"Lawyers certified professionals handle ALL KATX/BVIG filings."
The Lucky was never a 7 level deep underground Mine, now was it?
But our Ekom Eya was!!! :)
The Lucky was never a Mine owned and operated by a NYSE listed Ashanti Goldfields when Gold was only 30 dollars a ounce, now was it?
But our Ekom Eya was!!! :)
The Lucky was never a Mine that produced millions and millions of dollars worth of minerals, now was it?
But our Ekom Eya did!!! :)
And it will do it again now gold is close-olgy to 2.000 dollars a ounce!!
I like this part very much as well
"Adding to the attraction is that Bibiani is in Ghana, a country considered one of the most stable and safest mining destinations in Africa."
http://www.theaustralian.com.au/business/opinion/wealthy-family-buys-into-noble-mineral-resources/story-e6frg9if-1226069769146
PS: Look for your self this website is associated with the Wall St. Journal :)
"BVIG"
Let me ask you, what company completely surrounds the "satellite deposit" and previous 7 story deep Ekom Eya mine?
Could it be Noble?
Here is a FACT some can understand,
We {Kat Gold Holdings / Ekom Eya} Co-Op are not close to Noble....
We are INSIDE of Noble
The thanks goes to Short!
Ditto Tink I agree 100% ! Thanks Short.
HUGE NEWS!
Bibiani surounds 'OUR' Ekom Eya' Noble owns that...Wall St. Journal just posted a photo of the Noble Bibiani Gold
And they report that ......."ONE of Hong Kong's wealthiest and most powerful families may have a small Perth-based gold miner firmly in its sights, and it could have a role to play in the long-awaited consolidation of the West African gold industry.
Wei An Developments, which is registered to an address in the luxurious Hong Kong suburb of The Peak, has been recently buying shares in Noble Mineral Resources.
Last month, the group spent almost $13 million lifting its stake in Noble from 9.2 to 14.1 per cent.
Although the identity of those behind Wei An has been publicly unknown, according to sources the group is linked to the family behind the multi-billion-dollar Nan Fung group.
Nan Fung, headed by billionaire patriarch Chen Dein-hwa, is entirely private so does not enjoy the same public profile as some of the city's other ultra-rich families.
But it is ranked as Hong Kong's second-largest property developer, with interests also in shipping, textiles and financial services.
One Hong Kong-based source said the arrival of Wei An on the register had triggered buying in Noble by other Hong Kong investors "following the money".
Wei An is by no means the only group watching Noble very closely.
It is understood also that a number of Canadian companies, as well as several former directors of a recently acquired Australian miner, have been eyeing Noble as a possible target.
And another West African gold play, Perseus Mining, has reportedly been considering a bid for Noble as the next leg in its growth.
Perseus's Central Ashanti gold project in Ghana is just months from its maiden production, and after having long been touted as a likely acquisition target, Perseus appears to be looking at potential acquisitions of its own.
Noble, which is capitalised at about $230m and is, incidentally, chaired by Tunku Naquiyuddin, the son of Malaysia's former king, owns the 1.98 million ounce Bibiani gold project.
It is aiming to return the project to production in coming months and plans to be producing 150,000oz of gold a year from the project from next year.
Noble also expects to rapidly expand the project's resource base as satellite deposits are identified and drilled, offering potential upside to any buyer.
Adding to the attraction is that Bibiani is in Ghana, a country considered one of the most stable and safest mining destinations in Africa.
The flow of Hong Kong money into Noble has led to suggestions that another "Wah Nam-style situation" could be in the works: a reference to takeover bids launched by Hong Kong-listed Wah Nam International Holdings for the shares it did not already own in Australian listed iron ore miners Brockman Resources and Ferraus, after Wah Nam felt its investments were not progressing as rapidly as hoped.
In that case, it quickly emerged that large portions of the stocks were held by investors in Hong Kong and elsewhere in Asia, and that much of the stock was vended later into Wah Nam's offer.
Brockman complained to the Takeovers Panel that the holdings were associates of Wah Nam, but the Takeovers Panel declined to investigate, and Wah Nam has attributed the flow of Hong Kong money and subsequent acceptances to the strong regional reputation of its founders.
Although Wei An is thought to be a passive investor in Noble, its growing presence on the company's register will put some new haste into the deliberations of any other groups weighing up the company as an acquisition.
There are more than a few Hong Kong billionaires
investing in the resources sector at present, and some are profiting nicely.
Hong Kong-based Malaysian-Chinese businessman Robert Kuok, whose Kuok Group empire has made him Malaysia's richest man with a net worth of about $US12.5 billion ($11.7bn), has a few more million to his name after offloading a Mongolian coal project last week.
Kuok will collect an initial $US464m from the sale of the Baruun Naran coking-coal project in southern Mongolia to Hong Kong-listed Mongolian Mining.
Milestone payments and royalties could ultimately lift the net take from the transaction to $US950m.
It is a handsome profit for Kuok, whose company Kerry Mining bought the Baruun Naran assets just three years ago for $US259m.
The deal is the largest coal mining merger and acquisition deal in Mongolia, and the largest acquisition by a Mongolian mining company.
UBS advised Kerry and Citi advised Mongolian.
Kuok's business interests include the South China Morning Post newspaper and the Shangri-La chain of hotels, but the bulk of his fortune is tied up in sugar and palm oil.
The across-the-board slowdown, reflected in last week's Purchasing Managers Index figures out of China, was the worst in nine months and the weakest figure recorded in May.
And while the numbers unsettled equity markets, the latest art sales in Hong Kong show a different picture.
The recently competed Hong Kong Art Fair again attracted record numbers of galleries from all over the world, aiming to sell their wares to increasingly active buyers from the mainland.
And the latest round of auctions in Hong Kong by Christie's and Sotheby's are again setting all sorts of records, particularly in Chinese artwork.
A 1947 painting by Chang Dai-chien fetched $HK191m ($22.8m), well above Sotheby's pre-auction estimate of $HK20m, in a record price for his works.
It followed the sale of a painting by Qi Baishi for 425.5m yuan ($61.1m), a record for modern art and calligraphy.
Chinese art auction sales have undergone major growth, with the $57.3bn in sales recorded last year up 150 per cent on 2009.
The taste for the finer things also extends to wine.
A six-litre bottle of 1961 Chateau Latour sold at Christie's auction for $HK1.68m, compared with pre-auction estimates of $HK600,000 to $HK800,000, and two lots of six magnums of Chateau Latour sold for $HK1.68m each.
Christie's first-half sales in Asia totalled $HK4bn, up 68 per cent from a year ago and the highest on record. About 36 world records were broken along the way, according to Christie's.
Nabila Ahmed is on leave. Abacus will return on June 15
http://www.theaustralian.com.au/business/opinion/wealthy-family-buys-into-noble-mineral-resources/story-e6frg9if-1226069769146
Why did Bank of America invest so much then?
" They make your Pinks look like blue chips. "
Did they not read the advice of some that old Mines listed on the NYSE when gold was 30 dollars a ounce could never make money when it is close to 2.000.00 Dollars a ounce?
Maybe they saw "potential"
like many of us do.
Bibiani and the Ekom Eya are part of what is known as the "Gold Coast"
It did not get that nick name because it is
"Moose Pasture".......Hahaha :)
....So far.....Pie ....in the Sky...
EVEN THE COMPANY STATED:..."To date, no piece of mobile thermal waste technology has been developed or utilized"
THIS STATMENT INCLUDES THEM! http://visionplasma.com/
No Dave...do not "LOL"....Look it up...the address is a house....not a biz...
....... "potential" ????????.......
...Dave....so far...this image...is the only prototype....
EVEN THE COMPANY STATED:..."To date, no piece of mobile thermal waste technology has been developed or utilized"
THIS STATMENT INCLUDES THEM! http://visionplasma.com/
....How many years away till the first prototype is completed?
....How many millions of shares will the company need to sell before prototype is done?
....Google earth the Address for "Kaes Enterprises"
It is only a house in Washington state.
No CONTRACT....No PROTOTYPE.....but don't worry they met with a guy who knows a guy in Brazil who knows a guy.....who knows a guy
" upon successful demonstration of the Arc Master 1 Test Unit."
Yes ALANSNOWCROSS2, I am also so proud to be one of those who owns a substantial amount of KATX shares, and like most of my esteemed colleagues, I know that these current daily closings of KATX at below penny prices, are all the precursor to what is really coming...THE HUGE UPWARD MOVE!!!!
Friendly advice ladies and gentlemen;....ACCUMULATE KATX!!!!!
On and on KATX!!!!
No law was broken.....Kat Gold has a open running Gold Mine using 'NOW' modern equipment.
This is good! It's important to remind all investors, old and new, that we are here with KATX for a strong prosperous reason.
Anyone who forgot what REE means, could easily look it up. But briefly, it refers to precious metals, not just gold and silver. Items in the REE list are currently sought worldwide. These precious metals are vital for the production many kinds of equipment.
So, when MAPPO reminds us of the significant fact that WE HAVE REE, it is not just a news item of passing fancy. Rather, it is of major consequence. Additionally, gold itself is above the $1700. dollar mark.
Since both REE and gold itself alone are more valuable than they have been for a long while, AND since KATX has BOTH, we are in a beautiful position here with a tremendous range upwards open to us.
Having mining properties on two continents, is also of primary importance ESPECIALLY because all our properties are quietly but powerfully gaining in value daily.
GRAB this great stock while the prices are so enticing.
On and on KATX!
Thanks MAPPO!
273.600 x 1.500 = 410.400.000
6.0 CONCLUSIONS
It suffices to say that a cursory look at the 2007 drilling summary is very impressive with high grades,
appreciable widths and a mineralized strike length of 600m.
Assessment of the tailings and waste dump of previous operations estimate 60,000 tons @1.5g/t (2,894 ozs)
and 30,000 tons @ 4.5g/t (4,340 ozs) respectively. These figures at the current gold price translate into ore
which could be added to the in situ ore assessed to be 1,380,887 @ 6.0g/t (266,380 ozs). Totalled together,
the resource estimates on the permit is approximately 273,600 ozs.
The in situ resources can easily be accessed by open pit to the 4
th
level and thereafter, underground
development and mining could be undertaken to access the deeper unexplored ore body. Favourable
topography and the virtual absence of overburden over much of the permit is an advantage. The national
electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township
(about 7km), a district capital with good infrastructure and social amenities, are all additional advantages to
a future mine site at Bibiani North. http://www.katexploration.com/Graphics/properties/Ekom%20Eya%20Gold%20Property/Ekom_%20Eya_Report_Western_Region_Bibiana_Ghana.pdf
One Mans trash is another Mans treasure "The gold concentrate is extracted by the use of sluices lined with blankets. The resulting concentrate is
amalgamated with mercury. The gold is then extracted by heating the amalgam in a retort to recover the
mercury. The gold is refined primarily by grinding it into powder and treating with concentrated sulphuric
acid or hydrochloric acid to dissolve the ferrous gangue minerals. The gold is further refined before it is sold.
It must be mentioned that the mining and treatment methods adopted by Ekom Eya are highly inadequate as
they embark on selective mining and take only the high grade ore. In this regard grades in the range of 4 g/t
are left untouched. The gold extraction method also leads to substantial losses to the extent that Sankofa in
Prestea come to Bibiani to purchase and transport Ekom Eya’s tails for profitable CIL treatment in Prestea.
Nevertheless it is not known how many tonnes of ore these small scale operators have won over the years in
spite of the fact that they follow only the high grade quartz reefs grading 10g/t and above. Samples of what
Ekom Eya consider as waste yielded grades between 4g/t to 7g/t, as the “waste” comprises disseminated
mineralisation within sheared phyllites and altered greywackes, which are not mined nor processed by Ekom
Eya." http://www.katexploration.com/Graphics/properties/Ekom%20Eya%20Gold%20Property/Ekom_%20Eya_Report_Western_Region_Bibiana_Ghana.pdf
"Ekom Eya Small Scale Permit, Bibiani, Western Region, Ghana PGS 143
15
Echo Bay (Ghana) Limited diamond drilled a total of 12 holes in early 1995. Seven holes were drilled into and
around the old Bibiani North Mine. The best results were 49.4 g/t over 2.2 meters and 19.8 g/t over 2.65
meters. These intersections clearly indicated that there are very rich gold shoots within the broad shear
zones.
The drilling indicated that there are high grade remnants left around the old workings together with the
possibility of a continuous ore body between the high grades shoots of around 5-6g/t. This could make
Bibiani North a viable prospect both as an open pit and an underground operation.
I like the way this sounds
"Ekom Eya Small Scale Permit, Bibiani, Western Region, Ghana PGS 143
4
EXECUTIVE SUMMARY
The Bibiani Gold Mine and its satellite deposits, including the Ekom Eya Small Scale Permit, are all located
within the Sefwi-Bibiani Greenstone Belt in the Western Region of Ghana. This greenstone belt is host to
over 17 million ounces of gold, and is the second-most significant gold bearing greenstone belt in Ghana
after the Ashanti Greenstone Belt to the east.
Gold deposits developed within the Birimian Supergroup of Ghana are often located near the interfaces of
metavolcanics and metasediments (Figure 2) along which regional shears are developed. These shear zones
are locally splayed which also contain gold deposits.
This is very apparent around the Bibiani Gold Mine, where numerous gold deposits are located near this
interface along a regional shear as well as along a splay (Figures 2 & 4; also Appendix 4, Figure 2).
Mining operations began at the Bibiani Gold Mine in 1902, and although there have been several disruptions
to production with closing and re-opening the mine, total historical gold production from the Main Mine
and its satellite ore bodies amounts to approximately 4 million ounces.
Controls on gold mineralisation at Bibiani are well understood given the long mining history. Multiple
priority exploration targets have also been identified within a 6km radius of the Bibiani Mine by
independent assessment of the exploration potential.
Noble Mineral Resources Limited are the current owners of the Bibiani Mine and satellite deposits, and after
a full detailed review of the available geological and historical production data by Noble, they announced a
maiden JORC Compliant resource statement of Measured, Indicated and Inferred JORC compliant resource
for Bibiani of 32.98 million tonnes at a grade of 1.87 g/t for 1,980,000 ounces.
The Ekom Eya Small Scale Permit is 24.79 acres in area (Figure 3) and was part of the Bibiani North License
previously held by Central African Gold (CAG), and now held by Noble Mineral Resources Ltd (see Appendix 3
for details).
The Ekom Eya Small Scale Permit is located about 800m north of the northern boundary of the Bibiani mine
concession (see Appendix 4, Figure 2). It is only 3.5 km from the Bibiani plant site (see Aerial View of Bibiani,
Appendix 3), is accessible by road through the Bibiani mine site via the village of Lineso Donkoto and is
approximately 7 km to the north of Bibiani Township.
The Ekom Eya property is developed at the northern end of a string of satellite deposits which splayed from
the Bibiani main shear. The curvi-linear satellite deposits are from south to north, namely: Walsh, Strauss,
Ahiman (Ahemen), Grasshopper and Ekom Eya (part of Bibiani North) at the northern end (Figure 4; also
Appendix 4, Figure 2). Spatially, each deposit is separated by 1.0 - 1.5 km in the north – south direction and
displaced between 0.4 - 0.8km in the east-west direction (Figure 4). The satellite properties may differ in
some structural disposition but intrusives such as granites, quartz porphyries and aplites are closely
associated with the gold mineralization observed in these satellite deposits.
Primary gold is associated with quartz developed in a shear zone generally 5 – 20m wide. Quartz is often dark
grey to smoky and fills fissures as veins and stockworks. Invariably, quartz porphyry occurs at the foot and
hanging walls of the shear zone often defined by graphitic gouge. Sulphides such as pyrite, arsenopyrite,
pyrrhotite and chalcopyrite occur with the gold and the schistose host rocks exhibit carbonate alteration and
are often graphitic. http://www.katexploration.com/Graphics/properties/Ekom%20Eya%20Gold%20Property/Ekom_%20Eya_Report_Western_Region_Bibiana_Ghana.pdf
Vale the largest Mining Company in he World surrounded a Kat Property with 300 square miles of leases.....Then the Katx stock went up.....Was Vale in on this "pump"?
If Katx had sold shares at twenty five cents it would not need funding for many years to come.
Kat did not sell shares
or funding would not be needeed
Truth is Kat ran super hard after Vale the largest Mining company in the world surounded the Kat Lucky in Nov. Of 09 And the reason it fell is because the financers...and their friends sold....if Ken sold then Kat Gold would not need funding.... Now would it?
" Shareholders have been gutted" What about those who bought under a penny and sold at twenty five cents? Or those who bought at .OO1 and sold even a portion at twenty five cents? A 44.000 percent gain? My thinking is.....some just want to do it again. Fact is Kat went up 44.000 Percent and made many millions!!!!!!!!!
The ° scam ° as you call it is a up listed company currently producing Gold. And doing it on a higher exchange with a tighter float with a much better share structure...and the toxic financers along with those who bought low and sold high will recive no shares of K a t g hahaha...only Kat longs will Go Kat Go Ken
If it were a scam instead of Ken spending all the thousands on stuff like S1's to get us our shares Ken could have just put that money in his pocket....but he did not do that... now did he hahahaha
KATX does own a chunk of a Gold producer KATG. Gold is going much higher. The Spansih Banks are having a 'Run' right now! The fed right now plans on further dilution that is a fact! And if you check you will find that Greece plans on monitising the dept. In in other words buy a unlimited amount of their own debt, Print print print just like Germany between WW1 and WW2. Also known as planned hyper inflation
"Big Kat Pump"
I THINK NOT!
When Vale (the largest mining company in the World) completely surrounded a Kat property and signed a joint venture option agreement with Ken Stead and Kat.....were they part of a stock pump?
http://ih.advfn.com/p.php?pid=nmona&article=43197437&symbol=KATX
look at the date!! http://ih.advfn.com/p.php?pid=nmona&cb=1267833742&article=40470975&symbol=NO%5EKATX
then look at the chart Kat Exploration Report on Recent Discoveries on its “Lucky” Property
Date : 11/23/2009
That would be silly
Q; When did Kat go up?
A: November of 09
Q: When did Vale surround A kat property?
A: November of 09
And this...." Why Did Global Gold Fail "
Global Gold did not fail, it went public as a part of KAT Gold ....Now a Mining Company that KATX owns a nice chunk of.
We now no longer own a Gold Exploration Company.
We now own a Gold MINING Company.
And.....It is not listed as a Pink Sheet.
And many dollars have been spent on S-1's getting those shares in to the hands of KATX long investors.
This has taken longer than we thought, but Ken Stead is growing Kat Gold Holdings.
The Biniani North Mine that was owned by Ashanti Goldfields (a NYSE LISTED COMPANY) was gifted to the local population (through the Bibiani Cheif and Co-Op when the Gauna Government sold all it's holdings in Ashanti
Never before or after has such a gift back to the people happened.
Remember this.....ALL THE HISTORIC NUMBERS coming from Ekom Eya are origination from a NYSE listed Ashanti Goldfields.
The last time this was a open 8 level deep underground Gold Mine was when Gold was 30 dollars a ounce
The cut off grade......then.....Is considered HIGH GRADE NOW.
The Science of trapping the Gold has improved greatly as well.
This is no longer a Pic and Shovel Fred Flintstone town of Bedrock operation!
If you remember how others were making fun of how the locals were operating......that....is no longer the case since Kat Gold and Thomas Brookes came to help.