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.
At the very least the option agreement would have to be amended. Possibly publicly filed also, material events such as that should be disclosed to the public IMO.
KATX DOESN'T OWN LUCKY ANYMORE. You need to understand this. Please read the filings. They "sold" everything for more paper shares of BVIG (which we don't even know the value of). Can't wait for another share distribution to be announced. This whole thing gets more screwed up by the day.
If you need to dump another 125 million shares into the market it's not enough volume, so they created it IMO. Like I said I'm sure it's all a coincidence.
Another big dumping opportunity for the company created by the volume this fiasco produced. Volume was getting a bit anemic over the last few weeks, but I'm sure this was all just coincidence.
New World Gold Corporation (Pinksheets: NWGC.PK - News) is pleased to announce its financial results for the Nine month period ending September 30, 2011. The Company has gross revenue of $4,088,124 for the 9 month period ending September 30, 2011 versus $861,000 for the year ending December 31, 2010. New World Gold Corp had a net profit of $513,595 for the 9 month period ending September 30, 2011 versus a loss of $234,993 for the year ending December 31, 2010. This significant increase in both income and profit is a result of the fact that the Company has interests in 3 producing mines and owns 2 operating mills. The operating mills allows the Company to produce its own ore as well as purchase and produce other companies ore generating a significant secondary income.
The increased revenues and profits reflects the fact that the Company owns 2 mills and is able to process its own ore at all times. The Company is not subject to lack of milling capability that most companies are. The Company has increased the capabilities of its mills to be able to process additional ore and increase revenue and profits in the last quarter.
New World Gold Corporation trades in the United States on the NQB Pink Sheets under the symbol "NWGC." For further information, please contact the Company at (561) 210 8496 or at
New World Gold Corporation (PINKSHEETS: NWGC) is pleased to announce that is has acquired a second mine in Peru. The mine was ready to go on production but had no milling capability. The NWGC mill in Los Lamos area in Peru is less than 10 miles from the new mine. The NWGC mill has the capacity to process all of the ore that is available from the new mine. In the first three days of production the new mine delivered 95 tonnes of ore to the NWGC mill. The average results from this ore were 23 grams per ton of gold, 2000 grams per ton of silver and 1% copper. Internal reports indicate that this mine has 25,000 proven developed ozs of gold and another 40,000 ozs of proven gold reserves that need some development work before being brought on production, as well as 20,000 ozs of proven developed silver reserves.
This acquisition is very good for the NWGC as it already has operations in the area including a fully operational mill with the capacity to accommodate the ore from the new mine. This will result in a significant increase in cash flow from Peru operation. By the middle of February 2011, the Peru mill will have a capacity of 150 tons per day with an anticipated average head grade of 1 oz of gold per ton
No prob, I think we should be double from where we're at based on the recent fins. If we see a little MOMO it could go alot further.
It's going to run, maybe tomorrow, maybe this month, maybe in a couple months. We're in an accumulation channel right now, of course I think we should be higher, but I've seen it plenty of times where it takes time for the PPS to accurately reflect the company's worth, but I don't get discouraged, I call that an investment opportunity.
NWGC continues to improve its bottom line. I thought I sensed some possible dilution this last month, this would explain it, I'll take it. No billion dollar promises here, just steady gains in revenue, which is fantastic when compared to most OTC stocks.
What's being missed here is that this isn't a case of a private co. going public, or a takeover between two public companies. Ken Stead owns and operates both companies. The scenario we have here is now that KATX has been damaged beyond repair, Ken is shuffling the properties to a different shell. This is called a shell game.
The final phase of the shell game is almost complete, strip anything of value from the damaged company, rinse and repeat.
I've been in touch with people who say this is the real deal. One of whom was familiar with the US properties when they were being developed. I'll send you a PM during the next happy hour to elaborate.
Not that it's a low float play, but what's your opinion of KAT*? Whole thing looks like a shell game to me, got a few peeps askin if they should dump this week. Mark for ya too.
I'll believe it when they're in my account. Ken doesn't get the benefit of the doubt anymore.
Wow, Ken left KATX with one whole property. Maybe he'll give us more more shares of BVIG, I'm sure they're in the mail as we speak.
Sorry that's just not the case, the end result will be one share structure, but you have to deal with merging two independent share structures, one doesn't just disappear when you merge. Shares will either have to be bought or shareholders of the old companies will be compensated with shares of the new company at a certain ratio, which would probably be the case IF a R/M actually happens, and I have my doubts about that happening.
That's what I thought, there isn't a way to rationalize it. If Ken was honestly trying to uplist KATX he wouldn't be stripping it of properties. This is what we call a shell game, some of the smart ones called it as soon as the BVIG share distribution was announced. I could be wrong, but it's not looking good.
In Ken's email you posted he stated he was going to uplist KATX, why is he taking all the properties from it if this is the plan? Third time I asked you this question but yet no answer, just more unsubstantiated pumping.
You guys need to tell Ken to quit diluting so it'll be easier for you guys to buy up the float. Those 504's aren't helping your cause. Trip zeros by the end of the week.
It's not quite done dying yet, this week should be fun to watch though. I'll predict trip zeros by the end of the week, it might take a few days for what just happened to sink into the skulls of the more adamant longs.
Yea I bet that's it, they kicked around some dirt at Lucky too and they found some gold and they said, "well, katx stockholders are gonna be pissed about this one". Wouldn't be the first time KATX investors have been SOL due to Ken's property shuffle.
Ken Stead removed KATX one day ago.
Anybody considering throwing money into this black hole needs to read B402's post. Ken knows after the last two drill programs the chances of his properties being minable have greatly decreased, so we get the shell game instead. He gets to pump the same properties and doesn't have to prove minablility for the first ounce of metal. It's a pretty sweet deal, plus he gets the benefit of having upside down longs pumping this who desparately want to see their dreams come true because they've put way too much money in this to see it fail.
We've been following this scam for years now, and just about all of us are former investors. Good enough for ya?
The scam is finally coming to fruition for Kenny and Timmy, and we all get to watch.
He'll also probably dilute KATX up to the A/S before any R/M R/S happens, it doesn't cost him a thing to do it and at this point the lower KATX falls the better for Kenny and Timmy.
There's going to be blood on the streets next week as KATX investors come to a full realization of what is happening.
Since this question is pretty important I'll ask again, you posted a somewhat recent email in which Ken said he plans on uplisting KATG and KATX. Why would he transfer all these claims to BVIG if he plans on keeping KATX around. Remember what happened when Handcamp was taken from KATX? What do you think is going to happen now that it appears that Lucky and Rusty have been taken from KATX.
The claims are being taken from KATX and handed over to BVIG, how is this good for KATX in any way shape or form?
Why would he bother uplisting KATX if he's going to strip everything of value from it? IMO today confirmed the whole thing was a shell game from the start. He's stripping anything of value from KATX now that the damage has been done here and now he is going to do it all over again with the same properties under BVIG. It's happening right before our eyes as predicted over a year ago and yet longs are thanking Ken for it. The Koolaid was some strong stuff I guesss. Buyer beware.
People need to realize that two public companies merging is ENTIRELY different that a private company merging into a public shell, the big one being that you have two independent share structures to deal with. KATX would've been better off getting uplisted than the current shell game where Ken has been stripping anything of value from KATX, leaving shareholders high and dry.
Indeed, it appears the only ones who have thought this through are Kenny and Timmy, they'll make a million bucks off this before they ever prove the first minable ounce of metal.
BVIG O/S stands at 500M, last we know KATX O/S was about 715M before Oct 15, I bet it's around 750M right now and growing. If a R/M R/S is going to happen KATX will more than likely dilute up to the A/S which is 980M, that would put O/S at 1.48 billion.
Watch and learn. Would you rather have a 1.5+ BILLION share O/S for BVIG?
Well, what would you rather have, a reverse split for KATX shareholders or a 1.5 billion share O/S for BVIG?
Another two to learn: reverse split.
And if the R/M actually happens it's highly probable it will start with a reverse split for current KATX shareholders. I agree that the OTCBB is much better than the pinkies, but I think this move is going to come at a price for KATX shareholders, adding the KATX to the BVIG share structure isn't an option IMO.
That's a shell game by it's very definition. I had a feeling this wouldn't work out well for KATX shareholders.
OTCBB doesn't inherently add value, it just ups the reporting requirements for the company.
Impossible at this point, KATX share structure is about double the size of BVIG unless they plan on doing a reverse split. All this nonsense to start back at square one with all the properties under one company, it's laughable.