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Homevendor, Hmmmmmm very interesting. :o)
"So they have applied for a permit and not hired a contractor
to do the drilling. Hmmmm, do I smell a major doing the drilling and a JV ??
Just a thought."
Thanks Investor911 ! I agree. And coming from you makes it even better. :o)
Rusty Ridge is my favorite of all of Katx awesome properties.
KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL--(Marketwire - June 16, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
"KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work."
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
Check out all the great info about Rusty Ridge in UPDATED KATX INFO as of July 12, 2010, sticky above.
Very exciting!
Grahamber, excellent post! I like the reminder of the new refinery being built by VALE ! Perfect for all of our copper properties in KATX.
Below is posted in Biochemist2002's UPDATED KATX DD AS OF July 8, 2010 in the sticky above.
-----------------------------------------------------------------
Posted by: siljie Date: Saturday, June 12, 2010 9:28:00 AM
In reply to: None Post # of 61799
Email response from Ken for some insights:
My QSN: First of all, I'm excited that Vale is interested! Well done, and congratulations to all of us! The PR says that VALE has paid $20,000 (and possible 75,000 for extending this 3 yrs) to own the option to JV with KATX. If Vale chooses to spend at least .75 million for exploration costs, they then own 80% of the claims, and 20% stays with KAT. My first question is, what if Vales does not choose to do this, but chooses to exercise the option to JV, what kind of terms might we be looking at, and is it better for KATX to fund the exploration ourselves, prove up reserves and get a more valuable deal?
Ken's ANS: First off, the $20K & $75K is money that is paid at the beginning of each anniversary date is just to cover the cost of administration. No major company will pay much of anything until they are pretty certain there's something there. If Vale does not complete the 3 year deal and spend .75 million (which would take them to a feasiblity study so they know there's a deposit there) then the property returns to KAT 100%. The advantage KAT has is, VALE is building a $2.5 billion refinery just to the south of the Lucky properties and need copper for process. If there is a deposit there worth mining they will not sit on it as that’s their reason for working… in such an urgent way.
My QSN: 2ndly, why has KATX agreed to give up 80% of its interests in return for this sub-million exploration cost, the exchange appears vastly disproportionate? I am not knowledgeable on the mining industry, so I'm not sure if really the 80:20 will turn out to be a really balanced exchange eventually accounting for all associated costs etc (I don't know these). And/Or perhaps it is justified to significantly sweeten the deal for VALE for subsequent dealings to work out in our favour. Please give me some insights into these.
Ken's ANS: After the 3 year option is execised then comes a feasibilty study which would cost nothing less then $50 million to which Vale will have to pay 80% of the cost. If there is not an ecomomical deposit then we've saved our money and Vale has wasted its. Also, most deals like this for a smaller company like KAT might just stand the chance of only being able to retain a 2% NSR(net smeltering royality). A copper/silver deposit such as could possibly be on the Lucky property has the potential to be valued at $5 billion and much more. That being the case KAT owning 20% of the deposit would equal in value of $1 billion for KAT, which any company would be happy to own. Therefore 20% of an economical deposit has tremendous value for a company.
Wow! Now for those of you curious about the significance of having Vale conduct the exploration: Let’s assume they like what they see and they “elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.” Now, that would mean they fund the exploration, carry it out and get an 80% interest, right? So how significant would that 20% be for us? Have a look at some of the deals these junior exploration companies worked out that made them worth BILLIONS: http://miningmarkets.ca/issues/story.aspx?aid=1000334564&type=Print+Archives
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
Thanks Rick-UK and Biochemist2002 for great DD in the i-box and stickies. I just returned from vacation and I know I can always go directly to these areas and get all of the updated info I need on all properties. :o)
Well Gump, do you have proof of this?
Quote:
__________________________________________________________________
Cornerstone had it all and did all that work. Then they allowed it to lapse because it wasn't that good in their opinion.
_________________________________________________________________
Please do not try and mislead people. You do not know what Cornerstone's opinion or reason was.
I totally agree! :o)
Thank you homevendor for your informative posts.
You were busy tonight. Lots more for me to investigate. :o)
I believe they would both be significant news releases.
Maybe we will get both! :o)
CEO Ken Stead feels quite differently than you:
I think I will believe him.
See PR and E-Mails below.
Thanks goes to Biochemist2002 for this great DD posted in the stickies above. Lots of great DD on all of the properties there.
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
EMAIL FROM KEN STEAD RE: THE SIGNIFICANCE OF VALE DEAL
Quote: Posted by: siljie Date: Saturday, June 12, 2010 9:28:00 AM
In reply to: None Post # of 61799
Email response from Ken for some insights:
My QSN: First of all, I'm excited that Vale is interested! Well done, and congratulations to all of us! The PR says that VALE has paid $20,000 (and possible 75,000 for extending this 3 yrs) to own the option to JV with KATX. If Vale chooses to spend at least .75 million for exploration costs, they then own 80% of the claims, and 20% stays with KAT. My first question is, what if Vales does not choose to do this, but chooses to exercise the option to JV, what kind of terms might we be looking at, and is it better for KATX to fund the exploration ourselves, prove up reserves and get a more valuable deal?
Ken's ANS: First off, the $20K & $75K is money that is paid at the beginning of each anniversary date is just to cover the cost of administration. No major company will pay much of anything until they are pretty certain there's something there. If Vale does not complete the 3 year deal and spend .75 million (which would take them to a feasiblity study so they know there's a deposit there) then the property returns to KAT 100%. The advantage KAT has is, VALE is building a $2.5 billion refinery just to the south of the Lucky properties and need copper for process. If there is a deposit there worth mining they will not sit on it as that’s their reason for working… in such an urgent way.
My QSN: 2ndly, why has KATX agreed to give up 80% of its interests in return for this sub-million exploration cost, the exchange appears vastly disproportionate? I am not knowledgeable on the mining industry, so I'm not sure if really the 80:20 will turn out to be a really balanced exchange eventually accounting for all associated costs etc (I don't know these). And/Or perhaps it is justified to significantly sweeten the deal for VALE for subsequent dealings to work out in our favour. Please give me some insights into these.
Ken's ANS: After the 3 year option is execised then comes a feasibilty study which would cost nothing less then $50 million to which Vale will have to pay 80% of the cost. If there is not an ecomomical deposit then we've saved our money and Vale has wasted its. Also, most deals like this for a smaller company like KAT might just stand the chance of only being able to retain a 2% NSR(net smeltering royality). A copper/silver deposit such as could possibly be on the Lucky property has the potential to be valued at $5 billion and much more. That being the case KAT owning 20% of the deposit would equal in value of $1 billion for KAT, which any company would be happy to own. Therefore 20% of an economical deposit has tremendous value for a company.
I sent this today around noon time Europe, and got a reply in 45min.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51220992
Wow! Now for those of you curious about the significance of having Vale conduct the exploration: Let’s assume they like what they see and they “elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.” Now, that would mean they fund the exploration, carry it out and get an 80% interest, right? So how significant would that 20% be for us? Have a look at some of the deals these junior exploration companies worked out that made them worth BILLIONS: http://miningmarkets.ca/issues/story.aspx?aid=1000334564&type=Print+Archives
RUSTY RIDGE IOCG Property Drilling Program Initiated June 16, 2010. 23 days ago. Over 3 weeks now. I believe we will be hearing news about this soon!
Hold onto those KATX shares.
Jun 16, 2010 09:50 ET KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL--(Marketwire - June 16, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick.
The Rusty Ridge targets have been identified by an airborne survey and ground geophysics which can be viewed on KAT's website.
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia.
The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
[color=red]Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper[/color].
President and CEO Ken Stead stated, "This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes."
Shareholders and Investors will be kept up to date as this drill project moves forward.
Also, KAT Exploration has received numerous inquiries regarding recent developments within the company. Our investor's relation department felt it would be advantageous to post a Flow Chart on our web site under 'Properties,' to clarify the present structure and the future direction of the company. President and CEO Ken Stead stated, "We are working hard to build shareholder value in both of our companies and is in a process of taking all our high grade copper and other IOCG properties under KAT Exploration to the next major stages of development.
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
WOW you were right!!! VALE Non-dilutive option agreement
Now KATX has one
Posted by: birdmanbob4 Member Level Date: Saturday, May 22, 2010 9:46:13 AM
In reply to: Biochemist2002 who wrote msg# 49825 Post # of 73149 Send a link via email Share on Facebook Tweet this post
"Could we be next?".... I suspect Kat was first... Lucky ((IS)) The Bullseye on the VALE Dart Board !....I think Vale singed an ((NON DILUTIVE OPTION)) not a JV with Cornerstone as She just likes a regional play .......REMEMBER THIS IS FROM LAST NOVEMBER!.... //////////In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.
//////////////////////////////////////////////////////////////////
Kat Exploration Report on Recent Discoveries on its “Lucky” Property
Kat Exploration (OTC-Pink Sheets: KATX) is happy to report that its exploration program carried out this summer on its 100% wholly owned “Lucky” Property has been a real success.
Copper mineralization is quite visible in an old pit near a gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approximately 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu were discovered in the most exposed areas within this horizon. The most recent work uncovered several large areas of semi-massive to well disseminated chalcopyrite approximately 4 miles on strike from the open pit which reveals the highest copper grades to date.
This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt.
To secure an area of interest the company recently staked 1225 acres of new land mass where some recent grab samples produced copper results of .5% along with anomalous gold.
More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered.
In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company. At this time the board of Directors would like to inform investors who have voiced concerns regarding the amount of the KATX authorized shares. The Company has 3 billion shares authorized. The authorized includes three separate series of reserved shares of which two are non-dilutive. These two series of reserved shares are equal to the fully diluted voting capacity of 66% of the Company’s controlling interest to protect the company from any hostile takeover. Therefore, there are actually only approximately 500,000,000 shares available for common issuance within the authorized shares.
(((SPECIAL)))....Here is what you need to know about the lucky properties and why there so (((SPECIAL)))
More great DD from someone most of you all know. :>
.... In this site in paragraph #3 The Newfoundland government is discussing the different ways the copper got to where it is!... It talks of big words that I think you may want to Google or better yet Wicopidea it.... (Neoprot...erozoic stratigraphic record)...... Snowball Earth refers to the hypothesis that the Earth's surface became nearly or entirely frozen at least once, before 650 million years ago. The geological community generally accepts this hypothesis because it best explains sedimentary deposits generally regarded as of glacial origin at tropical paleolatitudes and other enigmatic features in the geological record. .............................the next words to Wicopidea is (((Neoproterozoic)))There are three or four significant ice ages during the late Neoproterozoic. Of these, the Marinoan was the most significant, and the Sturtian glaciations were also truly widespread. Even the leading Snowball proponent Hoffman agrees that the ~million year long Gaskiers glaciation did not lead to global glaciation, although it was probably as intense as the late Ordovician glaciation. The status of the Kaigas "glaciation" or "cooling event" is currently unclear; some workers do not recognize it as a glacial, others suspect that it may reflect poorly dated strata of Sturtian association, and others believe it may indeed be a third ice age. It was certainly less significant than the Sturtian or Marinoan glaciations, and probably not global in extent. Emerging evidence suggests that the Earth underwent a number of glaciations during the Neoproterozoic,..............NOW THE FUNNY THING IS WHEN YOU WICOPIDEA THE NEOPROTEROZOIC WORD WITCH IS ABOUT A TIME ON THE PLANET OF GLOBAL COOLING AND ONE OF THE (ICE AGES....INTRESTING THING THAT POPS UP IS (((( BLACK SMOKER))) THAT IS WHAT CAUSED THE RUSTY RIDGE! BUT I FOUND WHAT THEY WERE DISCUSSING WAS HOW LIFE SURVIVED A EXTREME ICE AGE ... http://en.wikipedia.org/wiki/Snowball_Earth#Neoproterozoic .............. Reservoirs of anaerobic and low-oxygen life powered by chemicals in deep oceanic hydrothermal vents surviving in Earth's deep oceans ............................................................................ and the third word to Wicopidea is ( basin-fills ) A BASIN AS YOU MAY KNOW IS A LOWLYING AREA. Now all of the bonivista is not a low lying area....my research tells me that the North and south Lucky properties are the (what used to be) low lying areas. The next word to try to understand is ( Sedimentary_exhalative_deposits ) To understand what this is this site breaks it all down in to understandable words... http://en.wikipedia.org/wiki/Sedimentary_exhalative_deposits Sedimentary exhalative deposits (abbreviated as SEDEX from SEDimentary EXhalative) are ore deposits which are interpreted to have been formed by release of ore-bearing hydrothermal fluids into a water reservoir (usually the ocean), resulting in the precipitation of stratiform ore. SEDEX deposits are the most important source of lead, zinc and barite, a major contributor of silver, copper, gold, bismuth and tungsten........................NOW I KNOW EVERYBODY REMEMBER IN KATS WEB SITE THE COMPANY DESCRIBES WHAT IT IS LOOKING FOR (((( SEDIMENTARY --- HOISTED--- DEPOSITS )))) WELL LETS DISCUSS WHAT THAT MEANS! ....... SEDEX deposits are distinctive in that it can be shown that the ore minerals were deposited in a marine second-order basin environment, related to discharge of metal-bearing brines into the seawater. ........................................................................................................................................................................... SEDEX deposits may be sourced from magmatic fluids from subseafloor magma chambers and hydrothermal fluids generated by the heat of a magma chamber intruding into saturated sediments. This scenario is relevant to mid-ocean ridge environments and island arc volcanic chains where black smokers are formed by discharging hydrothermal fluids......So in conclusion I think that the lucky properties are special because the fact that they once were low lying areas on the bottom of the Ocean and the ((black smokers)) spit out tons of metals and minerals and then that good stuff got mixed in with the ocean current. ((( THE KEY ))) is ((( TRAPING IT )))) and from what I know from looking at the different claim blocks on the bonivista the only (low lying " basin-fills " are on the Lucky North and the Lucky South and one other north of the North Lucky "VALE has that one" ....SO THE WORD FOR TODAY IS BASIN ...OR VALLY....oh buy the way VALE in Spanish means ((((VALLY)))) :) Only the truth will set you free! Bird up word out!
http://en.wikipedia.org/wiki/Sedimentary_exhalative_deposits
Looks like 08/20/2010 I thought it was 2013 too. Unless the Jailhouse has it wrong. Hope he gets out soon!
http://investorshub.advfn.com/boards/seeBans.aspx?boardid=38
(((COPPER SURPRISE))) around the divy date? I agree.
Found this great information somewhere
"(Let me explain why our Rusty Ridge has a much better chance of coming up ((( IOCG ))) than the ORIGINAL Olympic Dam did!" Quote: ….”Though the area showed no mineralized outcrops of any kind they believed the host rock, some 350 meters under a bed of post mineralization sedimentary cover, would contain valuable and ec...onomic mineralization. The entire project was a giant gamble because they were drilling strictly based on little more than indirect information. Drill they did and soon discovered high grade copper and gold as well as economic values for uranium. They named this new deposit Olympic Dam.”….
third paragraph down http://www.321gold.com/editorials/moriarty/moriarty030304.html Here is the Canadian Geo site witch explains basically what the company told us ….. In every way with all of our testing ((our KAT “Rusty Ridge Olympic” is just like the Australia version….( Olympic Dam ! )… but a bit smaller :) http://gsc.nrcan.gc.ca/mindep/synth_dep/iocg/index_e.php
Also this:
"The link below has a Canada gov. discription of the kinds of surfase samples a IOCG should have.....and the second shows what we do have at the old Kens Mt. Property AKA S. Princess property" http://gsc.nrcan.gc.ca/mindep/synth_de/iocg/index_e.php
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch7/NFLD_2859.pdf Physical ... See ... See MoreMoreproperties
Mineralogy
A striking characteristic of IOCG deposits is their alteration zones. Three main types are found: calcic-sodic, iron and potassic alterations. The calcic-sodic (Na-Ca) alteration zones are regional in scale (>1 km wide) and range from a strong albitization (± clinopyroxene, titanite), such as in the Cloncurry district, to the CAM assemblage of Skirrow et al. (2002) with calc-silicate (clinopyroxene, amphibole, garnet) - alkali feldspar (K-feldspar, albite) ± Fe-Cu sulphides, and various assemblages including albite, actinolite, magnetite, apatite and late epidote (Pollard et al., 1998; Wyborn, 1998; Ray and Lefebure, 2000). If Ca-rich host-rocks are present, Fe-rich garnet-clinopyroxene ± scapolite skarn assemblages may form (e.g. Heff prospect, British Columbia; Candelaria, Chile; Kiruna, Sweden; Shimyoka and Kantonga prospects, Zambia; Ray and Lefebure, 2000; Ray and Webster, 2000). These alterations are early and tend to prepare the ground for the subsequent alterations.
"The truth shall set you free"
Outstanding Updates Bio, RickUK & Grahamber, thanks for all of your help. :o)
Good Information here: MUST READ
".S. LUCKY HAS BEEN DRILLED" (((( WHO KNEW )))) LARRY NORDBERG/AKA/HOMEVENDOR FOUND THIS... CHECK OUT THE ((((DRILL RULSULTS ON THE LUCKY
FROM 2007
ROCK SAMPLES
COPPER IS ((CU))
CU PPM
... 18-(((245))))-((((404))))-9- 22-AND -((((129)))-
"404 ...
mine pits start at 7 percent"....... HA!
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch22/002C_0178.pdf
READ THIS CAREFULLY....LUCKY (((HAS BEEN DRILLED)))) !
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch22/002C_0178.pdf MY BROTHER LARRY FOUND THIS TODAY....CAREFULLY LOOK AT (((ALL THE DATES !!! ..."even the ones scratched out" RUSTY (((((HAS)))) BEEN READY to (((DRILL)))) FOR OVER A YEAR......AND HANDCAM...P (((((IS)))))) GETTING DRILLED NOW ....AND FROM WHAT IS BEING SAID BY THE COMPANY NOW ALONG WITH THIS IP ((((EXPANDING AREA TO THE WEST ((((((PINK IP LAKE ))))).
http://www.katexploration.com/Graphics/properties/Handcamp%20Gold%20Property/IP_maps/Handcamp_IPMap.pdf
.... :) .....IT DEFINATLY LOOKS AS THO THE CURRENT DRILL PROGRAMME IS GOING TO BE EXPANDED................................THIS IS A ((((( THREE FER )))))) The truth will set you free!
anybody see the start of this new pink Lake
http://www?.katexplor?ation.com/?Graphics/p?roperties/?Handcamp%2?0Gold%20Pr?operty/IP_?maps/Handc?amp_IPMap.?pdf
And anyone have any thoughts on this new South Lucky thing :
http://gis?.geosurv.g?ov.nl.ca/g?eofilePDFS?/ReceivedB?atch22/002?C_0178.pdf
No, lets look at it this way.
You Quote:
_______________________________
"These are bizarre Companies"
_______________________________
I believe you think these are bizarre companies because they do not disclose all information to you because of NDA's, possible JV's, etc.
Ken Stead has accomplished all he said he would do, with more to come. He releases information when possible. He has shown for the past year to be an honest CEO of the company, and I will continue to trust him and his decisions.
All should go back and read all BVIG and KATX PR's, stickies and I-Box information.
*Always check it out for yourselves. :o) IMHO
I remember, months ago, either by e-mail or PR that Ken stated that he retired 8M restricted shares that would have become un-restricted in May. And he did it as good will gesture to the shareholders or something like that. Do you recall this? That's awesome.
I especially like this part of the PR.
"This drilling will test geophysical anomalies in Gold and other base metals in soil anomalies. The first series of drill testing will be carried out on areas where the chip samples returned results of 7.1 g/t Au (gold) mineralization exposed over 28ft in an outcrop showing visible gold." :o)
Put mine in for $2.00 for 500+K shares. :o) Unity!!!
KATX has three huge drilling programs going on at once.
Handcamp Gold property
Lucky north and south properties
Rusty Ridge Copper property
Great news for a Jr. exploration company !
Go KATX !
All just as CEO Ken Stead said he would do!!
The price of Katx is a bargain! Over the past week or so we have been given such great information from Ken Stead regarding KATX.
We will be given 1 share of BVIG free for every 4 shares we own of Katx.
We signed an option agreement with VALE for Lucky properties.
We are starting a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property. And a Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick.
And we all know that Ken Stead has carried out everything he has said he would do over the past several months.
Everything is here to read under the stickies here on the board and the I-Box.
Long and strong here since December. Time to buy more!
Bio, Great updated overall DD of Katx!! Thank You!
From the KATX June 8th, 2010 PR. Sounds like VALE is ready to work soon!!! unless already started!
." 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."
:o)
Yes, this is a good find Balihi. Hope it is something that could come to fruition. We will have to watch it I believe.
Great Post!!! I totally agree. Much more great news will be coming along down the line. IMO Trustworthy CEO, Ken Stead is.
All I found was this from the show on June 2 mentioning CAT Caterpillar. Nothing posted there for June 3 though.
http://www.thecramerreport.com/
I totally agree Birdman! For one to think that your extensive DD does not affect the pps is just crazy. There has been so much great DD from so many posters here. Thank you all. As Birdman says "The truth shall set you free"
Awesome Information ! Thanks to Drago 757 for finding this new Geologist on the KATX website! And to BirdmanBob and Godsend74 for all the great factual information about him. :o)
And if I had listened to Mr. G, I would have missed out on $50,000 in profits! :o) Listen to those with facts and proof: Like BirdmanBob, and so many others I cannot not list in fear of leaving someone out. :o)
Im in the boat too ! :o)
KAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on th
Date : 01/19/2010 @ 9:15AM
Source : MarketWire
Stock : KAT Exploration Inc. (KATX)
Quote : 0.061 0.001 (1.67%) @ 4:24PM
KAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on th
MOUNT PEARL, NL -- (Marketwire)
01/19/10
KAT Exploration Inc. (PINKSHEETS: KATX)
www.KATexploration.com, along with its private group of investors
who
recently funded the company with up to $5 million for 50,000,000 restricted
shares, has made the decision to retire and eliminate an additional
300,000,000 shares from its treasury of authorized shares of which the new
amount of authorized shares will be 730,000,000 shares. Both the company
and the group of private investors believe that this reduction will further
enhance and solidify shareholder confidence with its secondary directions.
KAT Exploration has secured Private Independent Consultants for 5 years
that will rapidly provide an array of major mining support and other
ventures to be announced later that will significantly enhance shareholder
value. The Private Independent Consultants possess a wealth of experience
in the business arena throughout the world and will bring an entire new
level of professionalism and key relationships to KAT Exploration as it
moves forward.
We feel it to be in the best interest of our shareholders for KAT to seek a
dual listing on a major exchange. Along with a US listing, we will now
proceed to meet the requirements of gaining a listing on one of the largest
Asian Stock Market Exchanges, later to be named. This too is being
organized by our Private Independent Consultants.
Along with the new listing, our Consultants will assist in increasing
shareholder value by diversifying and adding "Carbon Credit" projects into
KAT's portfolio of assets. It is expected that these projects will
generate significant amounts of revenue to KAT's bottom line financials. A
choice of Carbon Credit projects in Brazil and Sierra Leone are being
considered at this time. KAT believes that adding a piece of carbon credit
assets to its portfolio will greatly enhance shareholder value.
The New York Times released an article that explained how carbon trading is
one of the "fastest-growing specialties in financial services" and how many
companies are trying to figure out how to get "a slice of a market now
worth about $30 billion and that could grow to $1 trillion within a
decade." The article further states that "Carbon will be the world's
biggest commodity market, and it could become the world's biggest market
over all."
The World Bank manages over $2 billion dollars to purchase credits of
greenhouse gas emission reductions from projects that are expected to be
registered for the purposes of the Kyoto Protocol's Article 12 (Clean
Development Mechanism) or Article 6 (Joint Implementation). As governed by
the United Nations Framework Convention on Climate Change (UNFCCC), the
Kyoto Protocol is an international agreement linked to the UNFCCC. The
major feature of the Kyoto Protocol is that it sets binding targets for 37
industrialized countries and the European community for reducing greenhouse
gas (GHG) emissions.
Private consulting arrangements have been agreed upon which the company
believes will greatly contribute towards the growth of the company to
justify any current increase in its share structure to provide this array
of mining and listing support while securing carbon credit assets. All of
these actions are believed to greatly enhance shareholder value of which
will be announced later. This is expected to be the last change in capital
structure to complete the portfolio of growth and ventures the company will
be pursuing, barring any major joint ventures that may be pursued. The
company's final share structure will be updated on pinksheets.com very
soon.
We would like to emphasize that while our Consultants will be concentrating
on new projects, our mineral properties, especially Gold, will remain the
center of our focus.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor created
by those sections. This material contains statements about expected future
events and/or financial results that are forward-looking in nature and
subject to risks and uncertainties. Such forward-looking statements by
definition involve risks, uncertainties and other factors, which may cause
the actual results, performance or achievements of KAT Exploration Inc. to
be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
KAT Exploration Inc.
www.KATexploration.com
A while back a few in here were trying to guess what the new symbol might be. Someone suggested SUMM. I think that would be AWE-SUMM ! :o)
KATX - Back to Current Information on OTC pinksheets
I think EXTO needs to be sprinkled with a little fairy dust...so it can fly! haha :o) I am holding too. I don't have as many shares as some of you, but I think there is potential here. Maybe if the economy turns toward the better?
Yessss! :o)
Are you kidding? The difference between 7000s from .051 to .052 is only $ 7.00 Thats dirt Joe. :o)
Hello, I'm a new investor in EXTO recently and I had a question. Today I bought some more and under the Trades section of ihub for buys and sells my buy showed as a sell. I was wondering if anyone knew why? TIA
I am in EXTO at .014 heheh Hope it does good for me.