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News stories like this one posted by NeomRocket are exactly IMHO why we don't have RR results yet. Not because Ken & Co. have "lied and they've had the results all along and are delaying them and those results are terrible and conspiracy, conspiracy, conspiracy" but because when you are talking about REEs you can't act like an amateur. The 7 Jan press release gives all the actions the company is working on - with good reason.
LONG AND STRONG KATX.
Rule, you stated:
I don't believe this statement should be construed as truth. Penny stocks with no info put out in 2/3 yrs. , or disappointing info, can and DO literally go to 000s. I'm not saying that will happen here, but I don't think it is right to give ppl a false sense of security....whether it was intentional on your part or not. Once upon a time, I was in a couple pennies that I thought 'couldn't get any lower'....and guess what? I ended up writing down my entire cost basis as a tax loss. Again...not saying it WILL happen here, but believe it can happen! MO ........rule
I am not going to argue that this stock (KATX) can't go any lower.
The problem with your statement is that the term "penny stock" is a generality. Not all stocks are the same just because they are trading in pennies.
Let's debate this company on its individual merits or lack of them and not by drawing comparison to un-named "penny stocks" we got burned on in the past. People don't lose money just on penny stocks either. My dad worked for an NYSE listed company his whole life, earned stocks in the company and after decades of that stock building up into the high double digits it now trades for around $5 and was delisted off the NYSE. He never sold his shares.
I think KATX management is well aware that as long as they are in the Pink Sheets they are subject to the vagaries of the pinky market. Which includes efforts to discredit them, shorting, market-maker funny business, etc. Uplisting will create more transparancy and attract additional investment.
As shareholders we need to keep the pressure on the company to complete the uplisting process. A lot of confusion is going to drop off once this is done.
I feel the company has made clear its intentions. True shareholders should push these along.
And yes, we need results too - no debating that.
I thought this subject had been resolved earlier. Go back through the messages on here.
Please do your due diligence people. I am invested in this company for more of a long term. I am not here to make a quick profit and get out. This is just one of the stocks in my portfolio and I have a relatively small position in it compared to other stocks.
If anyone is still concerned about the arrangement with Ken Kunz they can contact the company at:
ir@cleanpowerconcepts.com
One of my other pinkies just released a pleasing after hours 8K, putting me back in a good mood. Admittedly while I have appeared feisty on this board, I have been worried about KATX. But this company has way more potential than many others I have looked into. We are basically holding strong in the .03s for a month now, despite a lot of negativity and the annoyances of flipper and marker maker play. With no real news. And despite the selling that has been going on, whoever is doing it. Perhaps it is just the same shares being churned around - I know not and I doubt anyone else does except those selling.
Again I raise the question of just how many shares are out there to mess around with if longs are really holding and many, like myself, bought even more. I again bought more yesterday, not much more but what I could afford right now.
I think I am going to cry that I did not buy more of this stock. I have quite a little bit of shares but oh wow the future's so bright, i have to wear shades.
I said something to the effect that it looked like the promoters and the shorts were done.
Rare earths are becoming more rare daily...
http://www.bloomberg.com/news/2011-01-25/china-to-start-stockpiling-rare-earths-caijing-says-update1-.html
This is the reply I got from the CEO today:
"yes agreed with respect to the promoters, I think naked shorting should be banned like Germany has just taken steps to do, but rest assured I am working hard to execute our long term growth plan, please check back often.
Mike"
ASSUMPTION.
Not a fact.
Even decent news cannot be just flung out there. Look at what happened with the 22 Dec PR. I am sure Ken thought investors would be happy with the presence of REEs at Rusty at a time when REEs are a hot-button issue. Instead, some were disappointed the next Olympic Dam didn't appear overnight and sold.
The company has to have its ducks in a row, whether news is good, bad or indifferent.
Delay in news doesn't mean it's bad just because you have that opinion. And it also assumes the lab results are back which we do not know for sure. As a note, ActLabs never answered my email about that.
Look we're all on tenterhooks and I cannot afford my money to go away either. I quadrupled my position in this down period here and it's really going to STING if that shareprice dips again. But it doesn't help to ASSUME news is bad just based on time passing. And the only real way for this thing to tank anyways is for a mass sell-off to occur. Seems we have enough LONGS saying they WON'T sell no matter what to prevent that. There's quite a bit of selling going on right now and we've been hanging in there around .03.
Would someone with Level II please do a screen capture and let us know what is going on today?
Thanks.
Amen to that.
We don't need "Olympic Dam" to make a fistful of dollars.
We just need a decent amount of minerals on THIS continent so that they are more accessible than getting them from China, Australia or Africa.
Again, IMHO what is considered "mineable" has already changed with these metals prices climbing and certain minerals too rare to ignore.
I do hope these observations are being reported.
I believe Canada recently changed regulations related to Market Makers and their handlings of pink stocks like KATX.
That's all I know.
Perhaps a Canadian poster or two has more data on this and possibly it gives investors more protection.
I'm sorry. Legal or not, I do not consider it ETHICAL what I am seeing on the market maker side. Ethics issues when observed should be reported when shareholders are suffering. If this is happening on NO NEWS, what happens if good news comes out? Short spurt and then it gets squashed? That's sort of what happened on Jan 7th. PR came out with promising data, investor confidence up, pps went up. Then Monday it was right back down.
I don't think we can consider the selling of this stock before results equates to poor results coming out. If anyone knew results were poor and was selling, isn't that INSIDER TRADING? I don't think these sales should be viewed as anything but manipulation. My opinion.
I remember a number of posters went into the usual conspiracy theory about why Ken & Co. put out this PR so late in the day. Maybe it was for US - the SHAREHOLDERS - as market makers got slapped with buys, were caught flat-footed and couldn't react fast enough.
By the way, HDSN is a COMPANY. I noticed someone posted a ticker for the holding corp that didn't look very active. But they are a company with several locations. Here's the website:
http://www.hudsonsecurities.com/
Oh yeah and if you want to give them a piece of your mind, here's the email address:
info@hudsonsecurities.com
Where is the selling coming from then?
Several days here now of selling more than buying by a factor of 2 or more to 1.
I bought more. IMHO there are good things in the works.
We should see some results in financials that should be coming in the next few weeks.
Please do your due diligence on this company and invest wisely.
With penny stocks I never "bet the farm" but I do have a significant (for me) position in this one.
There's not much cash to be gotten when the stock is around .03 I am afraid. So I doubt it is "the company" selling.
If there wasn't so much negativity and suspicion on this board maybe we would be attracting more investors and reducing the number of shares out there for market maker and flipper play.
I won't pretend to know everything there is about market making.
I will just let the authorities check into it.
If it's above board, no situation.
If it's not, there should be penalties.
Yep I gobbled more up during the day Monday.
My position is now 3x my original investment.
Did you ever get a reply from the SEC?
My email to HDSN:
Dear Sirs,
I want to let you know that I am reporting your market making activities on KAT Explorations, ticker KATX.
I am a KATX stockholder.
I have watched day after day your company walk this stock down after it has been going up all day.
You are playing with this stock, making money off honest stockholders.
Expect an inquiry from FINRA and SEC concerning this.
Sincerely,
...
The email address for HDSN is "info@hudsonsecurities.com".
I suggest ALL true shareholders of KATX send a similar email. If enough of us do this, we will get them off this activity.
We WILL get them off of this or FINRA/SEC will.
Also report anything you see to FINRA and SEC.
The SEC address for the on-line complaint form for manipulation of a stock price is:
https://denebleo.sec.gov/tcr/add.action?c=3
Any Canadians should report them to whatever regulatory body you have up there.
How much you want to bet we gain on share price from this activity alone, news or no news?
Thank you and GLTUA.
In case there was still any question, the stock IS trading today and currently is .002 up.
Did anyone else notice that the Chinese president Hu said the era of the Dollar as the world's reserve currency is over?
Didn't get a lot of mention in the press because the powers that be squashed it. But look it up, you CAN find that quote.
He wasn't messing around. The Chinese are increasingly dissatisfied with how the U.S. is conducting itself in the world, being a bully, etc.
They have the power and influence to bring about a change in the world's reserve currency. Russia has been making rumblings about that too. Hedge funds have set up "doomsday" funds. Look that up too and why they are being established.
If the dollar IS replaced as the world's reserve currency, expect to see gold and silver monetized and the value of all precious metals to skyrocket. When you see Americans buying gold and silver, it's not because they hope to get a 10-20% return on investment. It's because they realize they BETTER own gold and silver if things get real bad here.
So yeah, I am not all that worried that metals are going to go down. It sure would be great if KATX found some.
do we have any knowledge that these devices were used at Rusty?
i am also wondering why only 2 holes were drilled when other companies up there drilled a dozen or more.
I am going to re-state my OPINION which is that KATX does NOT have the results. It would be an epic fail to have the results and lie in PR that the lab still has them. #1) an uncovered lie would shatter investor confidence possibly beyond repair. Things not going according to plan is one thing - lies are another. Investors can forgive the former but rarely the latter. #2) the lab could come back at KATX for libel by implying in the public domain they are slow to do their jobs when they had in fact turned results over. #3) the Chairman of the Board of Directors of KATX is himself a trusted attorney, I think they know better than to put a blatant falsehood in writing that could recoil on his practice and reputation.
To those that believe KATX is stalling on releasing results, I am assuming you think that the reason for the stall is that it's bad news.
Has anyone ever heard of someone winning the lottery and not coming forward immediately? Yeah, it happens all the time. They go and see their attorneys and accountants and such before coming forward.
IF the company had the results already (which they don't) you cannot ASSUME they are being withheld because they are crap results. If they are really, really good you'd want to have your ducks in a row too.
Disclaimer. My opinions. And guess what, I too am going to be most disappointed if the results are not good. I have half my sad little portfolio in this company.
At this point, I don't think the 5/6ths of the planet's population that DOESN'T reside in China have a choice but to develop any source of REEs it can find.
China has 95% of the world's REEs and probably 110% of the NEED for REEs to support their plans. While the U.S. is doing virtually NOTHING to replace its crumbling infastructure and antiquated power grid, China is building for the future. Smart people the Chinese - and PATIENT.
What used to be considered "mineable" quantities of REEs is going to change.
If you were dying of thirst and the only water you could get was from a puddle in the street, you wouldn't wait for a bottle of Evian to appear.
If there are certain REEs at Rusty Ridge in any quantity, then that property is very valuable. Whether investors and "the market" realize that yet or not is the question.
I sent the email this morning. As for calling I won't be available to make that call during business hours tomorrow which is why I asked if anyone in that time zone can make the call first thing Monday morning and let us know. If they are open at 9am we can know before the market opens at 9:30am EST.
While I am extremely concerned about the lab results for Rusty Ridge and what this might do to the share price if the results are not good, I refuse to believe the company has the results and is stalling.
They have stated as of 7 Jan that ActLabs has the samples still and is working on them. This is TOO EASY to verify. Anyone can pick up a phone or send an email and check into that. IT WOULD BE INSANITY TOTAL AND UTTER TO LIE ABOUT THAT, it is too easily verified or discredited. And the lab could consider it LIBEL if KATX was painting a picture that their lab is slow to get out results if results have been turned over already.
We can speculate back and forth on what is going on. I do believe it likely KATX was trying to time lab results with other things, such as the IR firm and uplisting or perhaps news on foreign investment or a JV. That's just sound business practice - not putting all your eggs in one basket if results are poor and also trying to maximize effect if they're good. That DOES NOT mean the company has results and is not releasing them. But it could mean they have not been breathing down the neck of the lab to hurry up, much less paying for expedited return which does cost more per ActLabs website.
A good company and a good investor always hedges against possible loss. To try and cast suspicion on the company and its executives for doing so is quite unreasonable. I think Ken, as the biggest shareholder, has more to lose here than any of us. If he is as worried about shareprice as LEGITIMATE INVESTORS are, he would have a few irons in the fire, not all eggs in one basket.
Brings me back to that "much maligned" line in the Bedford Report.
http://www.marketwire.com/press-release/Copper-Miners-Branch-Out-for-Profits-1383164.htm
Someone should just call ActLabs and ask them if there are any samples there from KAT Exploration. Any posters from Toronto that could make that call first thing Monday morning?
Good find, thank you.
I am more inclined to believe that there WAS a delay, for whatever reason, in getting those cores to the labs. Possibly financial due to the sharp drop in share price around the time of this drilling? Geo's and labs cost money. Or wanting to time the results with a JV or some other news? In the PR of 7 Jan, the company says results expected in a couple weeks from ActLabs. I doubt they lied about not having the results back. So whatever happened, the cores are with ActLabs now. I expect we will have lab results in the new week, good bad or otherwise. Let's all hope this is good news or they have some other good news to report along with RR results that is going to positively impact pps.
My bad. Yes, not buy the land but buy/pay for the claims. How much does that cost? Plus the commitment to drill/explore on it and re-new claims?
No, I am a working schmuck that barely makes enough to pay the rent, I could never afford to buy land in Canada.
My curiousity stems from this fact. If every parcel of land is bought up, SCARCITY = VALUE.
People and companies don't usually have money to throw away on useless real estate. If it's all bought up, someone must think it has value.
Yes but does VALE own any Moose Pasture?
I wish I knew enough about geology to tell what I am looking at. Is that copper in those cores?
I have an odd question and I wonder if anyone knows the answer or where to get it.
A lot of mention on this board about claims from other mining companies/exploration companies staked around the KATX claims.
Does anyone know if ALL the land up there is now claimed by one company or another or is any of this land still unclaimed?
I have seen at least one map showing one or more of the KATX properties ENGULFED by Vale Inco. Does VALE literally own EVERY SINGLE parcel of land around our claims or is that a loose interpretation on that map?
Ken and Co. managed to get 102 more claims linking Rusty and Shaylee - from SOMEWHERE. That means there was at least 102 open parcels of land to be claimed. Anyone have any idea how many, if any, claims are "unclaimed" up there still?
I suppose my thought is, if there are very few claims left up there to be had, that's pretty much a "gold rush" phenomena where "prospectors" have snapped up all the claims they can get their hands on, for a good reason.
When I see comments like "dud" and "sub-economic copper" I have to wonder if this is the case, why would a company like Vale have any interest at all?
No offense to the Newfies but that land doesn't appear to be suitable for much more than mining, forestry and fishing. I doubt a South American company like Vale would buy up all those claims just for the heck of it. South America is more suited for bikini-clad tourists than Newfoundland and Labrador so probably they bought land up there with good reason (to mine it, not build resorts).
IMHO. If Ken & company thought Rusty Hole #2 results would be bad, there would be no reason to stake the additional claims linking Rusty and Shaylee. They would instead turn their attention (and their finances) to developing Cabot or one of the other properties where they might get more bang for their buck. Afterall, Cabot had visible gold and years of exploration by another (defunct) company. And we would have heard something about that. They must have confidence that Hole #2 has good results. Isn't it possible for them to know SOMETHING about that core before it goes to the lab? Handheld detectors exist. The paid geologists would probably know something about that core too before it went for testing.
done.
looks like we are going to end in the green.
Just a reminder.
BUY LOW, SELL HIGH.
Look at these down days as a buying opportunity. I just bought a few more shares. My position is now quadruple what it was.
The less shares out there for flippers, the less we'll have to put up with the predictable end of day selling and walk down.
http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=8025733
maybe they know something about what's in the ground...?