Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I really hope that doesn't happen, I'll take up drinking.....more than I usually do. In my opinion it would take bad assay results to get to those levels. I really would like to see this tinkering with high 5's soon. I'm just glad they're getting an IR firm, they've made it painfully obvious they need one.
If anything good came out of what happened, it would be that it injected a healthy dose of reality here. I don't think that the 50% haircut was fitting of what was actually in the PR, and I'm still very excited on the potential of KATX based on my DD. I like the properties and the location. In reality it's going to take some time for that potential to possibly turn into reality.
Yea, I feel really bad for you man and understand being gun shy. The safest way to play this would obviously be waiting for the rest of the assays to come out and have a finger on the trigger.
Entry points should be approached by T/A. I'd wait to see how the stock trades in the beginning of the week. You might pay more in the end, but you should have a better feel for the trend. The more fundamental approach would be waiting until the rest of the assays are released. Which may result in you getting back in low or having to chase. My perspective on this play is long term, as in years.
I am not nearly as knowledgable as many here on the boards, but looking at the hard data for Cabot, there were some decent copper intersections at low grade with some sniffs of higher grade mixed in, along with some decent gold numbers. I believe Cabot will be given much more attention at a later date. I don't think you can put a value on reserves based on what is known about Cabot, there IS enough that is known to warrant further exploration.
Good post, sometimes it pays to follow the bouncing ball when evaluating your investment in a company. I'm fairly confident with what I have here, as I'm pretty optimistic on future mineral finds in NL.
Volume is drying up and will continue to do so until there pretty much is none. Good luck.
Did a little checking. Looks to be a promising copper and gold property with what has been assayed thus far.
Do you happen to know how far those reserves were proven? Even with a 100 million find, KATX should be trading closer to $1.00 than 3 cents.
I honestly don't read too much into it. Any company proving up a property is going to show losses on the books until the property proves profitable.
All it's saying is that KATG doesn't have any revenue, and has costs from drilling. We already knew that. This is nothing earth shattering.
That's actually a filing for KATG. It's stating that the company has no income, which we already knew.
I'm not sure what you're getting at as far as "happening again". And yes, I'm fully aware that if our properties are busts, shareholders are SOL. That's basically what those paragraphs are saying. BTW that last filing you posted was for KATG, not KATX, but the gist is the same.
The filing being referenced is from a year and a half ago, it was right after KATX acquired a shell to become publicly traded. They've always been fully reporting, they just didn't have the bucks for a full audit.
That SEC compliance withdrawal was done a long time ago. It really wasn't a "withdrawal" per say, as it was done after the Western Transition shell was acquired. An educated guess would be they didn't have the funds at the time to have audited financials, and whatever funds they had they wanted to put in the ground. This is still a small beans company with limited resources, and they were even smaller back then.
I respect your opinion and understand your frustration with "IR", because I'm there with you. However, I bought here because of the properties, nothing else. Realistically the odds are against hitting paydirt with any exploration play. The location of KATX's properties was what sold me. I believe that some pretty big mineralization discoveries will be made in NL, and I've placed my bet that KATX is going to be involved.
No excuses here. Try to read this objectively as possible.
I see the positives and negatives with what's gone on so far. I got into this looking at what could happen in the coming years when it comes to NL and mining, and where I know these types of stock plays can go with a hit. The fact remains that the Stead's have worked a long time digging around on NL soil. I know where the properties are located. I'm aware of the mineralization that's been found not far off on developed properties. If KATX hits, they hit, if they don't, they don't. I'm just playing the odds.
I always have to chuckle when people feel the need to announce their impending trades, smart money says they've already made the trade. Nothing about the fundamentals of the properties have changed. If they all strike out, then so be it, but my decision is based on location, location, location. If you were the "long" you've claimed to be, you should know little facts like this.
The only clearing up that will be done will be by the SEC if they proceed with a civil suit or if the DOJ proceeds with charges. If neither of those happen then the SEC has had the final say. I'd suggest you familiarize yourself with why a company gets suspended in the first place, that should be the biggest red flag for you, and really the only one that counts.
From a T/A perspective I SHOULD be playing this as a bottom bounce play with ins and outs at supports/resistances. That being said this is a fundamental play for me. At least you don't rub it in when you're right. ;) GLTY.
That would be consistant with what little is known about results from hole 1. Would it not? I believe conglomerates with hematite alterations were specifically mentioned.
I'm going to have to disagree with you there. Hole #1 probably cost a minimum of $100k to drill to that depth, going by information I've seen referencing general drilling costs. I highly doubt they would spend that kind of money to find out what is down there, and not bother to have it assayed. I also want clarity, but spending that kind of money to not have the cores assayed doesn't make any sort of sense. At the very least, if nothing is there, the results would tell you to look elsewhere.
I dont think he's turned on KATX. He's just frustrated as hell right now as many of us are, and I don't blame him one bit. The company hasn't done longs a whole lot of favors the last 6 months.
One would think it wouldn't be very hard, and be a step forward in respect to interaction with shareholders.
From what I've gathered we don't have assays back save for a small section of hole 2, and the rest of the assays were put approximately 2-3 weeks out. This was only a week ago, so unless something happened in the last week I'm completely unaware of, I'm still sitting in the middle. There's been a lot of speculation from both sides.
I wouldn't call all those truths. We don't have assays to examine yet, therefore we don't know the extent of mineralization. It's too early to determine if you can label the two holes a success or a bust. Other than that, I agree with the rest of your points.
Thanks for the correction. Somehow my mind saw drilling results thrown in there. I see that it's just for impending news.
I could see a halt if the results are going to effect the stock in a big way. Could also be drill results coupled with other news. A R/M for Cornerstone? JV? It's anybody's guess right now.
The halt with Cornerstone according to the release is pending drill results. As far as a KATX R/M, it would appear KATG would be the most probable course based on the info we have. Still waiting on the company to clarify a few things.
It'll be interesting to see what Cornerstone has with Red Cliff. Could possibly nudge Vale to get going on Lucky. I know Lucky isn't talked about a whole lot, but it could prove to be a great property.
I believe it was a low of .024 at the EOD takedown. Orchestrated or not, I do have my opinions on that. No conspiracy theories, just some observations.
Not a big fan of conspiracy theories, but I think MMs will go fishing for stops from time to time on the pinks. I think we saw that at the EOD takedown yesterday. Then like magic, it pops today.
You hit the nail on the head. Communication with shareholders needs to be better. The PRs don't need to pump what we have, but the mineralization that was found should've been explained better, as well as the new claims that were filed. People saw "sub-economic", and ran for the door. Not to harp on OD, but the traces of sub-economic copper led the way to finding the deposit.
Well, until we have hard data to look at, I'll sit in the middle. The basics on the properties haven't changed, and it's my opinion that if the last PR was written better and released in a timelier manner, it could've had a positive effect. The mineralization that was found was not conveyed as it should have been.
People say lots of things when they have an agenda, people say even more things when that agenda is making money. We don't have assays to look at, that much is truth, so until then....
I'm all for objective discussion on both sides of the coin, but you saying there was nothing in hole 1 is inaccurate, to put it lightly.
As many have been stating in defending the description of RR. There ARE similarities between OD and RR, even in the few results we have from RR. Does this mean RR is OD, of course not, but I like the chances for mineralization to occur at RR, if not directly at RR, then in the area.
Big buys coming through at HOD, good to see. Not going to read into it too much, but somebody wants in.
As some have mentioned, there won't be any retreat in REE prices, just a retreat in production. If China follows through with what they say they are going to do, prices will spike. It's simple supply and demand.
Where did you get 90? Technically it's 60, as you have to own the stock for 30 days, and you can't buy back for 30.