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Chart resetting nicely last few trading sessions, getting ready for another run up imo.
That's good because with $800k worth of stock yet to hit the market, KATX is going to be selling as much stock as they can.
MMs loading up for another run IMO, they supported a nice run up last week, retraced a little and now getting ready for another jump up. Loading in this area. About a month until Q3 financials hit, should be good.
Thanks brother, it seems NWGC is finally getting some attention despite the board being so quiet. Usually when we have a nice run up like this the board gets a few pot bangers on it.
Hey man thanks for poppin in ;). Yea the more I look into this one the more I like it, didn't like seeing no mods here so figured what the heck. Dunno what you've been trading lately but keep this on your radar in the next month. We should be getting the Q3 financials in about a month and it's going to make shareholders happy imo.
I'm not disputing Lucky grab samples, but grab samples don't mean anything unless backed by drill cores. If/when we see a phase 1 on Lucky then we can start talking about how much copper might be there. As I said before, Vale and Cornerstone's phase 1 at Red Cliff, a neighbor to Lucky, didn't find much of anything. Now, this doesn't mean there isn't anything at Lucky, but it was a disappointment to see Red Cliff not find any decent mineralization being so close to Lucky and being located on the same supposed copper belt. All that aside, the thing I'm most concerned about right now is another round of toxic financing and a share structure that's starting to get bloated.
He's talking about drill intersections, and yes, if you show a nice intersection above 2% copper that's a pretty big deal. The point being made is all Lucky has are grab samples, nothing more. This is drastically different than a core assay. To speculate how much a property is worth from some grab samples is absurd.
I'm still going to say that with the exception of Kenny and Timmy going bankrupt, we'll get the shares at some point in time, although IMO they'll be worth very little at that point, the damage has already been done.
Who is he going to sell them to right now? There's no market. I saw they already increased the A/S to 500M though, lol, this is going to drop like a rock when everyone gets their shares.
I and many others were keeping an eye on Red Cliff to see what would happen there, if they found nice intersections it would've hopefully put KATX's Lucky property in Vale's crosshairs for a phase 1 program. Well, we both know what happened with that, which IMO probably dropped Lucky down on Vale's priority list. It's funny to hear people trumping up that Vale was active in the Lucky area, yes, they were, and they didn't find anything. I have yet to hear anything since.
There is no 300 foot intersection of copper at Lucky, that's a bunch of bunk, they haven't drilled hole #1, if they ever drill at all. Vale wasn't exactly impressed at Red Cliff which is located on this supposed copper belt, and it seems Vale isn't in any hurry to drill further to find this supposed copper belt.
Start showing showing cores and assays and then MAYBE you can start speculating on lengths, depths and grades. The more I've done DD on KATX the more I speculate that the whole thing was a well orchestrated pump job that had some loosely tied DD to it to make it seem believable.
Are you trying to compare grab samples to drill cores? Very misleading if you are. The huge difference is Voisey contained economical nickel at huge intersections shown through drill cores, all you have for Lucky is some grab samples, which frankly, don't mean jack, you need drill cores to back it up. You know this as well as I do.
Yep it's trading nice since that big move up, a decent retrace yesterday (although there was good buying), and a decent up day consolodating above the 200 DMA today. Good stuff going into the weekend. Have a good one!
Anybody have a recent O/S number? The company can do some damage with a 4 billion share A/S.
Try to catch a falling knife, great investment advice. All those "bargain" shares around .01 are already 30-40% in the red. Wait for support.
It's not looking good, told myself I would be a buyer at .006 and no higher months back when I thought this was going to fall off a cliff at some point. Not sure if I'll pull the trigger at any price right now knowing the chance that KATX could dilute $800k worth of stock at any point, and we're already nearing .006 support. This needs to show some stability.
I think we might see some consolodation in this range before the next leg up. This week was a nice move up though. Still curious as to why this board is so quiet. Usually after the loading that we've seen in NWGC people will start touting it pretty hard, maybe loading isn't done yet.
I agree, we're probably only beginning to see the selling related to any financing that might've recently been completed, obviously any selling related to long term financing hasn't started. I didn't think this would start testing .006 support so quick. Still like trying to catch a falling knife at this point, interested to see where this is going to settle.
If KATX went broke, it would be that easy imo. Ken would probably keep the claims in his own personal name, if Vale still wanted the claims they would pay Ken directly. What leverage would Ken possibly have if KATX folded up shop? He wouldn't have any chips left, just some unproven claims that he would never be able to develope himself.
IMO if you watched what was going on L2 MMs were working the ask down looking for shares, most went off at the ask obviously. After yesterday where MMs supported a nice run up you have to figure they're looking to reload in the following days. As you saw today they kept the spread nice and open and were undercutting the ask to invoke some downward movement. No biggie.
Sweet graph, and yet the selling pressure on KATX continues, two nice dumps on the bid to end the day. Tomorrow not looking good. ouch.
While Ken could theoretically keep the claims tied up, Vale would just pay Ken a lump sum for the unproven claims, they would have Ken by the you know what. KATX would be out of the picture completely.
Don't see why not, lol. NWGC generally does well in the afternoon. Even though we're down some today, I like the way this is trading.
Not sure if you're being sarcastic, but I'd give it a little bit. We should see support around .008, but with the way this has been dropping I'm not so sure, I'd like to see it level off a bit.
NWGC keeping the gains nicely today after a nice up day. We've got ourselves a big runner imo, only a matter of time before this hits the radars.
"Going to be very interesting to see how this all turns out."
-New Financing How much and what terms? I'm assuming shares are involved. Ken doesn't provide any details, can't say I'm surprised.
-Obvious Quiet Period or NDA Not really, the only thing that is obvious is the company went broke and hasn't been doing anything.
-Ken allowed to sell 2,000,000 shares of BVIG that currently doesn't trade - Will someday :)Yep, he's got the drop on us. That was predicted over a year ago by some "bashers".
-Vale/Lucky Deal possible Vale doesn't seem to be in any hurry to even start poking around Lucky in the option agreement.
- Insane amount of IHUb Board Traffic(My personal favorite)A lot of people are seeing KATX for what it really is.
I picked up another 100,000 yesterday at .01 and I love this stock.Already underwater on those too. At least do yourself a favor and wait until this gets to a support.
Last post for the day. This thing is taking off on no chatter whatsoever. I'm not sure if somebody has a pretty idea of what could be coming down the pipeline, but I'll say that I've done the DD here and was recommended here by somebody who also does their homework. This thing is going to run hard imo.
It would be nice to break it with absolutely no news or pump whatsoever.
FWIW, NWGC didn't even PR when they went from a 30% to a 70% controlling interest in Andes Gold. I personally thought that would've been worth PR'ing, but it appears the company is progressing, if you've been following the filings, the company is increasing profits every quarter, the next quarterly going to be very good imo.
Going to have to disagree with you on that one. Ken is anything but shareholder friendly from where I'm sitting. No transparency whatsoever.
Indeed, it is better than nothing. Now it's a question of how KATX is going to proceed in scraping together the cash for further drilling. It would appear we'll see some pretty direct dilution in the coming months.
Those assays were so respectable our financing was cut off. Doesn't look like those numbers are going to get it done.
Great, where can I find this mysterious assay information? Where can I find the financing information?
This must be the short term financing solution. Release a vague PR and dump into it.
They have a short term financing solution, they're going to sell us more shares. lol.
A lot of selling so far. Looks like some taking this as an opportunity to cash out, can't say I blame them.
I suppose at the very least it could provide some decent volume for anybody looking to still get out without absolutely tanking the PPS.
The timing of this generic PR just coincidentally came after KATX went sub-penny. No details, go figure.
IMO I think we might see further acquisitions with NWGC, whether it's NWGC fully acquiring Andes Gold or possibly a bigger gold player acquiring NWGC. Just speculation, or it could just be that investors are seeing NWGC's bottom line and liking what they see.