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My point is, even IF the rumor was true that we no longer are being represented by our former law firm, this would not give that firm the legal right to divulge sensative information regarding a former client. That's just not how it works.
I think you are unaware of the code of conduct law firms must adhere to for past and present clients.
And the distro will not be happening? That is inside information.
I find that even harder to believe. Our own IR firm, who is paid to promote KATX, is saying KATX is FUBAR? Right.
I find it extremely hard to believe that information was divulged by a law firm, whether it's a Wall St. powerhouse or a mom and pop firm.
I am not a fan of the R/S when it comes to pink sheets. It's usually a sign that things are down and out with a company. The PPS is artificially propped up and is usually followed by a steep decline in PPS, if a R/S happens I will sell my entire holding the day after it happens.
Yes indeed, but that should be expected when you're playing with stocks that exist on the bottom of the food chain. Funny thing is, KATX never needed any "help" with the declining PPS. Have you noticed how the .02 level has held? HDSN is backing off when we get close to touching .02. It's a bit of a conspiracy since we don't have information to go on, but it falls in line with what a few here have speculated, financing at a PPS of .02.
If you look at my past posts you'll see I have been critical of the company on numerous occasions, dating back to when Handcamp was sold off. I know how the pink sheet market works, and how PPS can be manipulated up and down. When you have numerous people all predicting how low a stock will go, you can safely assume that's their buy in price, and when money is on the table, anything goes.
Like I said before, look at all the bottom feeders we have on this board lately. Traders try to create additional downward pressure by dumping small blocks at the bid at the sign of any upward movement, all the while telling you that PPS is going to go to ".XXX". It's all a game. I'm not saying PPS won't hit .015, but if it does, it won't be because it "just had to".
To be fair, from what I gather the Handcamp that KATX owns is in the area that has been known as "Handcamp" for the last 100 years or so. Although old holes have been dug in the area known as "Handcamp", it doesn't sound like any work has been done on the grid that KATX is working with right now.
Are you sure you're a shareholder? Assays can take much longer to get back then what we've waited so far, especially when being evaluated for REEs.
I think that's a given. A mineral reserve isn't proven with one hole, if the resluts are encouraging, the money to continue drilling shouldn't be a problem.
Although RR results will determine where this goes, it's nice to see some follow through by KATX by actually hiring an IR firm, not just talking about it like so many other pinks.
KATX could retire almost 200M shares with a R/M into KATG. I hope they would do that if a R/M happens. Ken and Tim already have a huge stake in KATG, it'd be nice if they at least retired the 160M they gave themselves.
I haven't sold either, I was caught with my pants down with the reaction to the last PR, thought all my buying was pretty safe at around .06, only to log on and find it dipped into the .02's. After a fit of swearing, I looked at what I needed to and determined it wasn't going to go a whole lot lower than that. I still know what I own, but these last 6 months have been brutal.
I find it hard to believe they would be willing to finance at .10 a share. As others have said, the wording is a little vague, and could be that it was financed at .02 a share, which I find to be more likely. Judging by what has happened the last 6 months here, I think it points more towards .02 than .10 IMO.
It all depends on the price on which they were issued the shares, and we don't know this detail. Financiers aren't invested in fundamentals, if they can turn any profit by selling shares they will, they obviously don't want to crush the stock, but there will definitely be downward selling pressure until they've unloaded.
It really doesn't matter how far up we are, this stock can be up for 95% of the day before HDSN dumps into a red close. HDSN=selling for financiers, it's the most logical explanation, I've never seen a MM have so many shares to sell without spending hardly any time on the buy side.
Do you have your answer? I wonder what this stock would trade like if there wasn't a foot on it's neck.
I'd have to agree with this. Judging by the amount of shares they've sold it would appear to be financing related. They've absolutely killed the PPS in the last 6 months, selling on up days, selling on down days, and selling into runs.
I'm sure you well know the speculative play that a stock like this is, it's not uncommon for a stock like this to approach a 100M market cap on pure speculation. I don't believe there is an equation that says the market cap of KATX should be X dollars, or any other exploration stock for that matter.
Overbought? What chart are you looking at, KATX has been, and still is, oversold, been that way for quite some time now.
Heaven forbid a company puts their IR firm to use to raise awareness about the company.
I agree, the results are what we want, but I think you're underestimating the value of a good IR firm.
Even if our IR firm is involved to some extent, that's what IR firms do, they sell a company. When KATX's IR was nonexistant, everybody moaned, now if our new IR firm is going to be active in getting out the word, we complain more?
Hold on a sec buddy, this is not from KATX, just a spec report that mentioned KATX with respect to copper findings. I'll take it.
No I don't think they will R/S right now, not when they can dilute by another billion, then R/S and dilute all over again. The fact that OWVI now is getting into exploration is a little more than suspicious, since mineral exploration is expected to be a hot sector this year. I'm guessing they'll use this new "venture" as a vehicle to sell the 1B shares. It would appear that the only real business OWVI has is selling stock.
I wouldn't be that optimistic, a R/S could still happen at any time, that's how these plays work many times, dilute, dilute, dilute, R/S, dilute, dilute, dilute. I feel for those stuck in this right now.
Finding sub-economic copper in hole 1 and REEs in hole 2 actually goes along with a potential IOCG deposit, but obviously doesn't mean RR IS an IOCG deposit. The big question is will the overall findings at RR be minable. You won't answer that question with 2 holes either unless you have a huge intersection. I'm just hoping for a sniff of something that can point the way to a minable deposit.
The A/S for KATX is 700M, if this structure would carry over into KATC it wouldn't be an unreasonable structure. It would be nice if they retired shares before uplisting, my rough math estimated about 200M shares that could be retired. It's still pretty cloudy whether KATX will get off the pinks via uplisting or RM into KATG. We'll have to wait and see.
Cabot CAN be worth that, in fact it CAN be worth much more than that, but not enough work has been done on the property to somewhat accurately assess a value to it.
Technically it's the rising 10 day MA, which is not .031, but we'll see how today sorts out.
Price should've never been that low in the first place.
This is why getting off the pinks is so important. Time to lose flippers and gain investors.
From a T/A perspective, the technicals do have some things going for it right now. Does this have room to go up before stronger resistances come into play? Yes, and there's room to run. Will it go up and hit the resistances? That's anybody's guess right now. From what I gather from your posts you're not looking for a ton of risk, and as I said earlier the safest way to play is wait for the rest of RR results and have a finger on the trigger. You might not get the .04's, but if you're watching and it runs you should be able to get in under .06 if you're quick. The only way you could be burnt is if results are good and its put out pre or post market, and we have a gapper. I'm in right now, but it's all up to your individual risk tolerance. Good luck buddy.
By my rough math, (anyone with exact numbers feel free to chime in), approximately 200M KATX shares could be retired and not be brought into BVIG. This would help considerably in keeping a reasonable O/S in BVIG if a 1:1 happens.
If we RM into BVIG on a 1:1 they can keep the distribution as far as I'm concerned, but at this point, they have to give them out. But yes, on a 1:1 the share structure will have to go up, especially with the 4:1 BVIG shares. I would hope in any case we would see old shares of KATX retired and not brought into BVIG.
Grades can increase vertically OR horizontally, I'm not sure of the exact geology of RR so maybe geo can chime in. In many cases mineralization increases with depth, hoping RR is one of those cases.
I think it's a sign that they are listening to shareholders. Sometimes the best thing a CEO can do is stop and listen to what those invested in the company are saying.
Another good objective post from you. The first quarter of 2011 could be very big for the future of KATX.