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I was talking about the "subeconomic copper" hole. I'm pretty sure they didn't go as deep as planned. It was the subject of conversation for a couple weeks on the board where some of the realists here were saying "that's not good". I tried to defend it then but the reality of the situation is that we haven't found anything that points to a minable deposit yet.
I think it's safe to say that the company and financiers did not see what they wanted to with the first two holes at RR. Holes were cut short from proposed depth and financing ended, I don't know how many more clues people need. We're back to square 1 right now.
The chart has breakout written all over it. You'd do well to load up in the trips while they're still here.
KATX will die along with its shareholder's investments, that's all that really matters to me. I couldn't really care less about Ken. Certainly connections can matter as far as finding financing, but the power of your position matters at the negotiating table, and the financier has a much better position.
My point was that minor PPS fluctuations don't matter to a financier, they look at overall risk assessment. Expo plays are very risky, and they're financed accordingly.
The financier is the chicken, the egg, and the whole hen house. They dictate the terms, KATX needs the money more than any financier needs to give it out.
Whether the short term PPS is at .015 or .018 doesn't matter to a financier. In these situations shares are financed at a fraction of the current PPS. Remember the financier pretty much always wins.
Yes, I am sure about that, in the end all that matters is if the drill hits, this is an all or nothing play. If they don't they'll try to finance again and again until the O/S is bloated. Terms of a private placement will not be dictated by short term pops in PPS. The chart doesn't matter to a financier, they know the risk, and they finance accordingly.
You're talking T/A, I'm talking fundamentals, increasing volume won't help the drill bits or get favorable terms in a private placement.
Just because you have 9 properties doesn't mean they're going to have the money to work all of them. I think people should start educating themselves on how this game is played.
The act of finding financing is not special, finding something minable is. I'm hopeful we'll continue drilling, and I hope they use the money better than last time as we watch the O/S continue to grow.
If AWYI looks bleak to you, I doubt you're going to find a stock you're satisfied with on the pinks. This is the calm before the storm imo.
Yes indeed, day after day.
I suppose that "could" be it. Something tells me that big block this morning might've been it.
I view it in much the same way, obviously the financiers didn't wish to continue with what they saw at RR, I don't think it's even arguable at this point that this is what happened. Waiting to see what happens next.
The "facts" are that making the regsho list doesn't have anything to do with anybody selling, it's actually indicates quite the opposite. lol.
The terms of a private placement is what is going to make or break this stock in the short term. If the shares are financed well under a penny, with only a six month restriction, we're going to find ourselves right back in this rut in six months as the new financier starts unloading. Only the drills will be able keep the past from repeating itself. They have alot to prove up in six months, and it's already almost June.
Well hopefully Stan can get some non-toxic financing lined up for $3800 a month. The only thing I'm worried about is what the shares will be financed at.
Well, you seem to be very knowledgable on the company, so I'll sit and wait.
I DO like the little sniff we got that we might be possibly be doing business with the Department of Defense. I won't start counting my money yet though.
I think that scenario would be likely, I just hope the restriction is at a year minimum.
I also would think financing would be coming at some point this year, now the big question is what will the terms be. I think the increase in the A/S was to accomodate whatever new financing may come if there is a private placement. One way or another they will raise funds by private placement or direct dilution into the O/S, that much I have been sure of. The big question is how will this new round of equity financing affect shareholders, the last round killed us. If it's a private placement, the shares will probably be financed at well under a penny at this point.
All we can hope at this point is that the drills will hit during the next round of equity financing, which I think is inevitable. The upside is more drilling, the downside is that shares will probably be financed well under a penny. This is just how things work with juniors some of the time, and it's how these types of companies have O/S's well into the billions eventually.
Who knows, all Ken has to do is speak up, all I know is financiers usually do quite well, I highly doubt they would finance at 10 cents a share.
I can see the O/S increased by 46M, and from the filings it appeared KATX got $2M, since Ken doesn't like to talk anymore, this is the only look behind the curtain we get.
What about the financing that was made public a long time ago? Two million for 50M shares or something like that. We can almost be positive that KATX was financed through equity, at least as certain as we can be of anything in pink land.
If it's only my opinion, then the other possibility would be KATX never received any financing. We know that they have to some extent, as the details were never made privy to lowly shareholders. So what would KATX have to give as a means to be financed if not shares?
I'm not sure what you're asking clarification on. Convertable debt is shares for money.
Negative, dilution means simply that the O/S has gone up, convertable debt is another big means of dilution. This is not the company cashing in, this is a financier cashing in.
It's hard for MM's to make money with the downward pressure that is KATX, so they pop it here and there to try to sell shares to unknowing suckers, then the downward march continues.
With what AWYI has coming down the pipeline it's a no brainer. I'm still waiting for all those 8's I keep hearing about being dumped and have yet to be filled. Imagine that.
Same old? The company has made quite a bit of progress in the short time I've been here, from new acquisitions to paying down debt. Sounds like you were looking for a quick pump and dump, or are attempting the yell "sell" while you "buy" headfake.
Those are some good questions, "How much further do you plan on diluting the share structure to finance drilling?" would be another good one.
It's pretty simple, to keep the B/A down while you accumulate. I'm pretty confident patience is going to make you a winner on this play.
So by your reasoning if a stock tanks, it's just undervalued. lol.
The latest filings do not show any revenue from dilution. For those 46M to be direct dilution from the company they would've had to have been dumped in about one month since the filing. The volume and price action don't reflect 46M shares being dumped in one month.
It sure seems like it, that's why sometimes I prefer it nice and quiet while I accumulate lol.
The proof is going to be in the pudding for AWYI, and I think we're going to like the pudding lol.
It seems people expect too much with a chat. What is a CEO going to be able to disclose? Not much.
The properties have raw potential in my eyes, it's the business side I'm concerned about. I'm worried they're going to take the path of many other juniors and dilute their SS to high hell in order to finance drilling. I quit adding some time ago when transparency ceased. I don't need to know what Ken had for lunch, but I would like to know about the current state of the business.