Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Totally fair, just trying to get a grasp on this. I think some longs (myself included) might want to take some profits (not selling entire positions however) when great results are released from drilling Handcamp. If BVIG is the stock most impacted by great results from Handcamp and our shares are restricted, this would not be possible unless we purchased more free trading shares of BVIG at some point in the near future. This is the only possible downside to this entire deal that I can currently think of.
Ok, but the KATX PPS should see not see a large benefit from Handcamp results? Rather, BVIG would be the stock most impacted by great drilling news? I am taking the other properties out of the equation for the moment just for arguments sake.
Hey Dagg I would appreciate your opinion on this:
During the next few months when KATX proves what is in the ground at Handcamp, the possible increase in value should translate to a higher PPS in BVIG but not necessarily in KATX stock. If this is correct, and we own restricted stock in BVIG we can not "realize" this value if we have a desire to sell our positions in BVIG and take some profit until the restriction is lifted from the stock. Or do you believe that the PPS of KATX will increase based on good results from the drilling of Handcamp as well?
stervc- So if I understand you correctly, during the next few months when KATX proves what is in the ground at Handcamp, the possible increase in value will translate to a higher PPS in BVIG but not necessarily in KATX stock. If this is correct, and we own restricted stock in BVIG we can not "realize" this value if we have a desire to sell some or all of BVIG and take some profit, until the restriction is lifted from the stock.
"I used the word ”eventually” because for the short and long terms, all valuation captured from the Handcamp gold property will go towards enhancing the valuation in BVIG."
It is my understanding that BVIG will be trading because there will be a small public float in addition to the restricted shares. Can anyone verify if this is correct?
Question: Ok, looking short term here lets say Handcamp proves to have great amounts of gold in the ground in the next few months. Because this property is now traded under BVIG, how would this affect the share price of KATX? I assume BVIG PPS would take off, but would KATX not be affected much until KAT proves its copper properties?
I love this: "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. Ken Stead, KAT Exploration, Inc. President and CEO, said, "This OTCBB share distribution is the first of more OTCBB share distributions that we are planning to distribute to our shareholders. We look forward to transitioning our shareholders out of the pink sheets market and on to the more transparent OTCBB market for now."
Agreed, this is some very weak volume to start the day.
It's strange that the volume has completely stopped.
Been in this one since November of last year with a very large position. I invested a lot of money back in the .01 to .03 days, so you do the math.
Now go away........
I am sure we will all get on that ASAP.
You really have no business posting here.
.231 X .232
Nice close at HOD! With the pending news and today's momo, tomorrow should be very interesting!
Thanks. Ok, well maybe they are waiting for the drill to hit the soil before they PR anything. Maybe they want to do one big PR with BVIG and drilling and perhaps more all included.
The anticipation here is huge.
Did Jack say anything more specific about drilling, or just that it has not begun at Handcamp. Did he give reason(s) why?
Just trying to figure out why there would be such a delay.
"Handcamp also has not been drilled yet."
Ok, well there goes that speculation. Unless there are in fact two separate areas of drilling and he is only referring to one of them. Unlikely, but anything is possible I suppose.
Ok maybe I am a bit behind on my reading, but are you stating that there are two drill programs in different claim areas currently underway at Handcamp?
Around 10AM.....like right now.
But if I remember correctly, at some point during the second or third week of May someone posted an e-mail in which John Z stated that the drilling was delayed because of a permit issue, and in many other e-mails after that stated that the drilling "program" would start in the second week of May not the actual drilling. So wouldn't this be way to soon to have actual results back from drilling if it could have started only about 1 to 2 weeks ago at the earliest?
now ask down to .21
.205 X .22 For the open
They just changed the ASK to .20, but it's still too early to tell where we open.
Agreed, other than I-HUB readers, the majority of the investment community will not know about the 8K and therefore the volume and associated PPS increase might not be significant at all.
Now, if a PR is released before the bell (which is very possible), this stock could really take off.
I can't wait to see how this all unfolds in the next few days!
Are you serious? Who is paying for the current drill program?? Friggin Santa Claus....that's who.
We have funding, which has been announced to shareholders in a PR. I am sure more details of this will be released sometime in the future.
You are grasping at straws......
How about just $1.68. I would be very, very happy to see that before the end of this year.
After the last few days on this message board, I welcome boring with open arms.
Did you go to the airshow? Weather was beautiful this past weekend.
Yup, Ken could have released "news" many times over the past month but I am sure he is waiting for the big bang effect with some pretty big information for shareholders.
Updates will come forward when they have materialized, period. Complaining about not receiving them just adds fuel to the bashers fire. Patience will pay off here..........
Exactly, if you say you play with the big boys, don't come on here and act like you play with the little boys in a sandbox. Making threats to sell stock is one of the most childish acts I have ever read on a stock message board (and there are plenty).
If you want to sell, do it quietly and move on like a gentleman.
I will go with .201
Your threatening to sell, are you serious? Very immature don't you think?
The bashers are out in force the past few days! BIG things coming............
HOLD ON TO YOUR SHARES! This stock has traded perfectly over the past few months and the fundamentals have not changed one bit.
As stated in the last PR:
"KAT Exploration has accepted the drill contract tender from Cabo Drilling to initiate a drill program of its Handcamp property in Newfoundland during the second week of May 2010. KAT plans to drill a minimum of 15 holes for a minimum of 1200 meters. However, if drilling results continue to prove successful the number of holes and meters will be extended to determine the significance of the discovery."
A Drill PROGRAM, not the actual drilling was to commence during the second week of May.
A green close today would not surprise me one bit. Anyone with a stop loss on a penny stock is nuts! A PR is due any day and the MM's are fully aware of this. This was a MM take down and nothing more.
Yup bounced off .18 support and all is fine in KATX land.
Exactly, the silence is music to my ears. Big things on the horizon are about to be revealed.....
Bought a starter position today of 250K. I plan to add throughout the next few weeks and hold long for big gains.
Thanks for the Vid Clay. Looks like KATX is doing just what it should be doing. This stock is an absolute beast!
Have a great weekend everyone!