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Since .04 has acted as resistance ever since we dipped below it, sure would be nice to hold and consolidate above that for awhile, or at least until a substantial PR comes out.
My limited research indicates that warning primarily comes up if you're running Google Chrome and using Ad-Block as well and it has to do with the hosting for ads that some sites list, although I didn't see any ads on the few number of pages I visited on the CPRK BK site. It's not related to viruses etc, but probably more to tracking cookies from a site host that is known to track people who click on the ad.
I wonder why they always bemoan and cry about it being a paint job when a relatively small buy causes it to close green but when the correspondingly small sell causes it to close red they harp about how it closed down, ignoring the "red paint job"?
I think it's huge that we closed above .04 since its been acting as resistance since we broke below it. Hopefully we stay in this area and consolidate for a while before moving higher, or at least stay here until I get my account funded to buy some more.
The problem I see with it is that the .04's that used to be support now seem to be acting as resistance, the last few times the pps has gotten to .04 it has stalled and bounced back down. I think if we can get back over .04 with a little volume then we might have some more upside short term, even absent some news or a PR, of course if that happens all bets are off.
The other possibility for this run today is I sold a small portion of my holding yesterday to buy something else, so of course it ran after I sold.
You were right on one point that the real action did begin today, just not the kind of action I think we were hoping for unless you've got a lot of dry powder and are loading, which I unfortunately don't. I don't think we're headed to the .02's but right around .03 short term is a distinct possibility absent any news.
At least this article attempts to be more euitable to both sides of the argument. I always find it interesting when Americans who are richer than people in most parts of the world, take the moral high ground about issues that don't directly impact them and presume to tell other people, such as the out of work people in the Pebble area that they should stay out of work because the mine might damage the salmon fishing at some millionaire's hunting and fishing lodge for fat cats to come in and pretend that they're getting back to nature in the wilderness.
It's interesting that the conservationists have already determined that the mine will negatively impact the area without seeing any type of mining plans or development plans yet. Just the same its impossible for the Pebble Partnership to say with 100% certainty that there won't be some negative impact. I agree with the assessment that we may no longer have an option in a few years and be forced to live with some level of environmental damage in return for resources that our country and the world has grown to depend on for what we consider necessities. It's no different than the decision that millionaires like Gordon Moore make every day when they choose to fly on a private jet and pollute the air rather than fly commercial on a plane that is already going someplace. Its always nice that with enough money you can insulate yourself from the real world of other people and tell yourself that you know best about what's good for them and their environment.
Managed to pick up another 25,000 shares in the .038's. I'm thinking that very soon I'm going to be glad I did.
I just bought a small initial position but looking to add more as money frees up and situation warrants.
For what it's worth I forsee a move higher in the next 2 days. This is not based on TA or anything else other than I'll have some more powder on Tuesday and it seems like it always moves higher before I can get funds to buy.
If you read section 4g again, the 60/40 split of expenses only comes into play after NAK expends the $10M required for the earn-in. Also, if NAK did spend that amount of money on proving up the claims etc, then at that point it would be easy for LBSR to raise the necessary funding to help pay their share of the continued costs of the JV since the share price would very probably be many multiples higher than it is now. I think if/when it gets to the point that NAK spends the entirety of the $10M the ball game will be completely different for LBSR as to how they go forward and their ability to obtain financing under more favorable terms.
I agree that the price will have to retreat, but I don't see it retreating to the point where it's no longer economically feasible to mine gold. Barring some catastrophe which may actually work in the favor of gold prices, I don't see it retreating much if any this year for any extended period of time. For the near future I believe time is on our side.
Being that at the high end costs to mine gold right now are about $700/ounce, I think gold has a long way to drop and yet will still remain profitable to mine. This is a presentation from a company that does annual gold forecasts and analysis, makes for some interesting reading.
http://www.gfms.co.uk/Brochures/Gold%20Survey%202010%20Presentation_London_public.pdf
Actually I need the price to stay down here for another 2 weeks until year end bonus checks come available and I've got the cash to load up. Any help would be appreciated.
I'm showing a bid of .094 and an ask of .12 on L2 on TDA, of course it doesn't tell me if its grey market or on the pinks, but it looks pretty much like some other grey market stocks I've seen on there.
lol, I'm familiar with the Mendoza line as I had one season where I was partly injured and flirted with that mark for most of the season. I'll have at least 250,000 by the time I'm done buying and ready to rest for a while. I figure that ought to make me plenty rich when LBSR starts reflecting the value of what it owns.
I managed to pick up an extra 50,000 at .0424. Getting closer to the 250,000 I want (need?).
I would say not only will they want to use some of the money to hire a skilled and experienced CFO, but it will most likely be a requirement from the company doling out the money. I'm sure Mr. Briscoe will be happy to relinquish the reins to that part of the company when that time comes. I've been in a similar situation at a lower level, and its no fun being responsible and dealing with issues on a daily basis that even you know are outside of your realm of expertise.
I for one say well played, that's how you do it if you're intent on always making a profit. Sell out and ride the freebies for the big payday, but at least you don't end up losing money.
I did:
That is possible,but I have a tremendous amount of DD to support my position,those who sold,are doing so out of fear.
KATX doesnt belong on the
pinksheets,so any thought in that regard is done eith ignorance.
These pretty much spell out exactly what I said. But hey, I'm not here to argue with anyone. I hope and have some level of belief that the results at RR will be good enough for the price to go up and present me with a bigger proft opportunity. My dilemma will come with deciding what to do with that opportunity, just as yours will. If the results are disappointing then we'll both have an opportunity to cut our losses or profits and move along or choose to believe that even greater days are ahead and double down. I for one, generally choose to cut my losses and try to make it up on other plays, while keeping my eye on the stock that was sold. I've learned its about hitting singles and doubles, if you go for the home run all the time you strike out too often.
Not really, you said now is the wrong time to sell and anyone who does is fearful, you said anyone who says KATX belongs on the pinks is doing so with ignorance. Not sure how that blows things out of proportion.
So you've personally done 100's of hours worth of research and DD on KATX? If so I commend you and you've got way more free time than I do. Selling a stock that you have a healthy profit on doesn't qualify as fear in my book, but more as prudent investing. How many here had huge profits when the price was at .25 only to be sitting much worse off because hope, yes hope or greed, said wait for the really big payday when it reaches $1, like many were saying. So if I bought at .005 and sold at .25 because I had a huge profit and wanted to protect it, then I sold because of fear? That doesn't even make sense. KATX is on the pinks because that's where it belongs. Why? Because they haven't done the things required to be uplisted to a higher exhange. It appears to me that anyone who disagrees with you is either fearful, ignorant, doesn't know what they own, or should stop posting on the KATX board.
I agree that you should know as much as you possibly can about what you own, but you can never know everything about any stock. I'm sure investors in some of the major banks a couple of years ago thought they knew what they owned until the roaches came out of the woodwork and they realized they didn't have a clue. Ken didn't even know what he owned until the drill bits told him, he knew what he suspected, and believed he owned based on his research and experience. But if based on the DD you read on this board or any board and your own DD you think we own stock in the next Olympic Dam deposit, you're going to be severely disappointed. That's not to say that it might not be a good or even great find, but there's so much hype and to da moon talk that eventually people irrationally start believing it and buying into it.
Someone selling is not necessarily being motivated by fear, just like someone holding despite the decline in share price is not just motivated by hope, although many are. The whole "know what you own" mantra is way overused and an easy, glib response to anyone who questions someone's blind hope. I believe that the pps will rise on good news, but I don't have any assurance that it's going to be good news. It's 50/50 at this point and therein lies the decision that has to be made by everyone regarding KATX. Know what you own and this KATX will roar and thanks for the cheapies would still be espoused by many even if the share price were to decline to .000's.
I'm not sure you understand how much it costs to pay a "competent" CFO these days. If Briscoe hired one and agreed to pay him $250,000/year or so, then there would be squawking about wasting money paying another executive and where's the money comeing from etc.
Actually I hope he does say "happy holidays" at the end of a PR about a major JV or some other activity that will cause the price to run in the dollars. That would actually make the holidays happy for me.
I remember that Bio well, in fact I almost bought 5000 shares at $2 but decided it was too expensive, of course it then ran to $34, so that wasn't one of my better episodes. I'm hoping and still believing that continuing to hold onto some KATX will turn out to be a much better decision.
Good points, I suspect there's a combination of the possibilities that you mentioned. Some who bought in the .000's are now into long term capital gains and may have sold some and be riding "free" shares for the big payout. Had I been in at that point that's probably what I would have done. I do think HDSN is selling on behalf of someone, although, from what I recall they loaded their own boat in the early part of the year and may be selling most of that now. I don't think any organized short selling campaign is the cause like some people assert. The bottom line is that stocks, especially some that have had large share price increases in the preceeding 12 months like KATX has, sell off at this time of year when people start planning for their tax consequences for the year. Like I said earlier, if someone is selling to take or protect some profits then it's hard for anyone to fault that, especially since they won't know that person's situation or motivations. I'm holding less than half of what I had in the spring and summer but I'm treating these as almost speculative, lottery tickets and hoping for the big payout.
Being that we're at a several months low in the price right now, I'm not sure how you figure someone flipping recently is making any money. Selling it lower than you bought it is not what traders do. They buy into an uptrend and sell out for a profit at a level that they've predetermined or based on what the charts are telling them. Of course its always easier to rationalize a declining share price by blaming it on bashers, shorts and flippers instead of looking at what may really be going on and the fact that people may be getting disillusioned with the company itself.
If your perception of what the results were going to be had changed from positive to mediocre or negative, then yes you'd probably sell. Any one holding because of results obviously expects them to be good. Since noone knows for sure how its going to turn out, its a guessing game with your money. If we knew with certainty that the results were going to be great then everyone would be going in debt to buy shares. Some people who bought at the beginning of the year are only showing minimal profit at this point and may want to get out with guaranteed profit and assume if the results are good, they can get back in for fewer shares by chasing the price somewhat. Selling to preserve profit is never a bad thing.
You don't know what tomorrow could bring either, and any arguing that you do is fallacious. They could come out with a PR tomorrow stating that the results were disappointing and the share price would nosedive as people headed for the exits. Those that sold today at that point would look pretty smart while some others would claim thanks for the cheapies.
And we could not. I think we've all been hearing the any day now talk for several weeks with nothing, in fact I recall geo_newfie saying if news didn't come out by the end of last week he'd consider it overdue based on his experience. Any speculation on why it's not out yet is just that, speculation. Those wanting everything to be rosey believe it's because of JV work, or a potential buyout, or the results are so earth shakingly astounding that they're rechecking to make sure they're right. Those for whatever reason expecting things to deteriorate speculate that they're trying to figure out how to put a positive spin on bad results, or they ran out of money to pay the lab etc. As far as the share price, market perception is the only thing that really matters, and apparently based on the price action and overall lack of volume, the market's not really interested right now in KATX and potential results.
What if the news had the potential to be not so good as well? That's what makes investing in this type of company not much different than playing in Vegas.
I think they do know, they own stock worth .057 as of the end of trading today, in a company that recently completed a drill program yet has not shared any information relating to that or anything else recently. The question they're asking themselves is if they sell and put the money somewhere else could they make up the ground they lost holding onto KATX for a while. The answer is probably yes, especially in the short term. Now, you can make a case for what you think or hope you own stock in, but you, nor anyone else, can say with complete certainty "what you own" other than a stock priced at .057/share. And there's no way at this point anyone can say for sure whether that price is fair, high, or low because we don't have anything to base it on.
It's more than just the flippers. I believe that many who have held for a while and are in the hole are probably looking at a profit in some other stocks for the year and deciding to take their loss to offset some of those gains, especially because they don't believe that the stock price is going to go up anytime in the near future. Every day that passes with no news, is another chink in the armor of credibility for the company and the goodwill afforded it by shareholders who want to believe that they're doing everything they can to benefit them. I'm expecting ho-hum results at this point from RR which will result in a short lived "jump" up to maybe .10/share followed by a quick retreat, much like the action after the release of the HC drilling results.
I've become a believer that like most public companies, the only shareholders the company cares for at this point are the ones in upper management and on the BOD. I don't really believe that they give a rip if the little shareholders are upset or tired of waiting with the share price declining, other than the declining share price affects them as well. I've still got a minimal amount of trust in the leaders of KATX, but that will officialy vanish on January 17, if the BVIG distribution isn't completed since they claimed in their PR about releasing the shares as free-trading they were doing it to benefit the shareholders. If I remember correctly, as of that day the restricted shares would have been free trading anyway.
lol, Well you know Russia has recently made a habit of hiring attractive female spies, maybe their business men are doing the same thing to steal good American companies.
So your theory is that the company lied about the first bid from the billionaire, and therefore probably lied about the 2nd bid, lied about the mineral report they filed, lied about who the president of the company was, but are honest and the millions of ounces of gold are real? Where I come from, a pattern of lying indicates that your're a liar and anything you say is not to be belived. But hey that's just me, it's your money do what you feel you need to do with it, I just wish you good luck.
lol, you're missing my point completely. So you think the 34th richest man in the world is so interested in this mining operation in the Ukraine that he's purposely going on record as lying about that interest so he can later spend less than $100,000, which is pocket change for him, to buy the property and fleece all of the hard working Americans out of their money? I think you want to believe these things because it gives you hope that you'll get rich by playing that angle. I hope it works out for you and you don't have more invested than what you're prepared to lose completely.
I didn't say the SEC cares about the shareholders, but they do care about the perception they're doing something to protect the little guys, even if its not true. In the same way SAEI doesn't give a rip about their shareholders either, they're in it to make money for themselves and if it comes at the expense of shareholders, who cares. This whole scenario is not going to end well for anyone. That's not to say you can't possibly make 20% profit playing a bounce or two in the meantime, but its a highly risky game to be played only with money you don't mind losing.