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Don't think it matters, pretty sure you just have to wait 30 days to buy back. Otherwise you'd have everyone writing off any losses on Dec. 31 and buying back Jan. 1. It'd be a sweet little perk if we could do that, but unfortunately that's not how it is.
I believe you have to wait 30 days to buy back to be able to write it off.
No need to apologize, most of us are very frustrated by recent events.
On days like this, tune out the noise and look at the properties. The PPS dove on a very poor PR by the company. With what they DID find at RR so far tells me that it's possible that economical mineralization might not be far off. I'm particularly interested in the new claims made in between RR and Shaylee and the extended claims to the south.
Could've been worded better haha, although I agree with the main point. The problem is Jack doesn't think it necessary to "stoop down" to investor's levels, when it's his job.
What did the TA say?
You can believe in the company and properties and still be a critic. The way KATX put out the last PR was a trainwreck, no clarity whatsoever, this incited doubt, hence the selloff. This current PPS was created by KATX, not anyone else. I think we have a right to be pissed right now. I originally invested based on what I saw in the properties, nothing else, but now the way KATX has handled themselves has people taking their eye off the ball, and rightfully so.
Agree with you 100%. Just for kicks and easy math, if KATX happens to find proven mineral reserves of $100M, and the reserves are 100% owned by KATX, stock price could be at least $1.40 on a P/E of 10, which is fairly conservative for any stock, and very conservative for this type of stock. This is obviously a long way off, but it gives an idea of what could happen with a good find and an uplist.
The T/A is Compushare correct?
Based on the P/E mining stocks usually trade on, it wouldn't take as much as you think for KATX to trade at $1. They would have to be off the pinks for this to happen though, as P/E's don't mean much on the pinks.
Has anyone called the T/A lately as far as them being gagged?
I can't tell if you're serious, but your link is wrong. If a ton of iron ore was only worth $1.86, it wouldn't be economical to mine. You'll pay more for a ton of fill dirt.
There's nothing really incorrect about the RR property description. There are similarities between OD and RR. Pumpers than ran with this and have been pumping it ever since, hence the huge expectations for the property.
That's way off, iron ore can be anywhere from $100-170 a ton depending on the grade. At $1.86 per ton it would be worth less than dirt, literally,
This is why I believe KATX possibly claimed the land around RR and inbetween RR and Shaylee. The big question becomes is if they don't find anything promising at RR, where is the money going to come from to further explore the RR area. I believe they need to find evidence that they are on to something with these first 2 holes.
Spot on. Management is going to have to clear the air to restore the confidence that has been lost. They might even have to stoop down to our lowly level and spell out certain things for us. No spelling errors from Jack would also be a nice bonus.
This was a bounce play today, simple as that. The 50% drop last Thursday was excessive. Flippers are making money on the ins and outs, while longs continue to pay the price for management's missteps.
Why not? Investors think in dollars and cents, that means IR should be thinking in dollars and cents, even if it means having to spell it out.
Rick's beef is with IR, and he has every right to be annoyed with the job they've done, as does everyone here. I've conversed with Rick and he's one of the most sincere guys you're going to talk to when it comes to this company.
If you're referring to KATX being a "wholly owned subsidiary" of KATG, that's not the same as a RM. If there was a mention of a RM, when?
Well I can gaurantee you that if they put a PR about a RM with KATG, it would benefit everybody here.
I don't care if KATX doesn't have the bells and whistles of some of these pretty pink scams. I'd just appreciate a little clarity on where the company sits right now, especially when it comes to future share structure. If a RM is the plan, they need to put that out there.
That is my beef also, if a RM is the plan, it needs to be put out there through the proper channels. I don't have any problem with the structure of the company changing, I'd actually prefer a RM instead of two companies.
I hope at some point they make the new R/M plan official with a PR. Releasing a brochure and having people find out second and third hand is not the way things should be handled. I know of scam stinky pinkies with better IR.
Even if now Ken plans to RM KATX into KATG, why put it on a brochure and not bother to make that known to the entire investor base. That's relevant information for investors, not so much for JV partners. IR has been horrible lately.
I feel your pain. Let's be honest, HC was taken out of KATX and everything since has been a cluster, and longs have paid the price. The only way this whole situation can be redeemed is if KATX reverse merges into KATG, and does it soon. Get all the properties back under one name while getting KATX off the pinks. THAT would be rewarding longs.
This is something that should've been added to the PR unless they are looking to add further claims. I can afford to wait until the dust settles on this one, but I am not too happy with the transparency of it all.
From the sound of it, we don't have any assays back from hole 1. I believe that Ken shouldn't have commented at all on anything we didn't have assays back on. Low grade copper isn't "sub-economical" if it's high tonnage, bad choice of words. As some have stated here, IR has left something to be desired.
I hear ya, Merry Christmas to you too. I still believe in what we have here, I never thought we wouldn't experience some growing pains along the way.
Merry Christmas to you and yours. Here's to KATX hitting the ground running in 2011.
I'm just not sure what was intended by this PR. It doesn't sound like they have 99% of the cores back. Even the best geologist isn't going to be able to accurately evaluate a core on sight. Voisey Bay anyone? They didn't know they had $38 billion of nickel in the ground until it was assayed.
This is confusing to me. On one hand it seemed that KATX was implying that the copper wasn't there, but then the PR went on to say that they only have 10 meters of core back. Why say anything about what's there or not there if you don't have any assays back save for a 10 meter cut. You can't just look at a core and decide what it has and doesn't have. Very perplexing.
These were my questions too. I'm posting them again hoping somebody might shed some light.
1. Why release only 10% of the results?
2. Why even mention that there was sub-economic copper from what was seen?
3. Where are the assays for any minerals that were found? If we don't have any assays why even mention anything about what they think was or wasn't there?
4. Why currently double the size of RR?
I've read the PR no less than 10 times and all I have are more questions.
Now more than ever I wish they never split up KATX, every move that has been done thus far has tanked the PPS of KATX.
First off, welcome back man. You've been sorely missed. Personally, I think this PR just created more questions than answered questions. Why release only 10% of the results? Why even mention that there was sub-economic copper from what was seen? Where are the assays for any minerals that were found? If we don't have any assays why even mention anything? I've read the PR no less than 10 times and all I have is more questions.
Going from the high of finding out KATX effectively doubled the size of Rusty Ridge last night, to the low of today's PPS action was quite the experience. Now if KATX releases great findings for the remainder of the core samples I think I could be considered clinically bipolar.
All I can say is that although we were all hoping for an OD like discovery right off the bat, this PR was not worthy of a 50% drop in PPS. The OD wasn't discovered in 2 holes, and we don't even have 90% of the results back.
I agree, although this release was not what we were all hoping for, it doesn't justify a 40% decrease in PPS. A little emotion getting involved here me thinks. Although I'm down almost 50% right now, I'm a long ways from calling it quits here.
I still don't understand the purpose of the property claims made this week if they think RR is a bust. If you look at the area between Shaylee and RR, they bought up all the land in between and to the south, pretty much doubling the size of the properties. You don't do that if you struck out. It doesn't make sense to me right now.
People expecting the news release to contain the IOCG find of the decade. This PR contained only results from a small section of hole #2. There's not a whole lot of clarity going on right now, obviously some panic selling also. I'm sitting tight right now.
I can certainly understand that sentiment. For shareholders being so important to KATX, the company moves have sure not done any favors for them. It all started with moving Handcamp out of KATX. For the love of god put HC back in KATX and just cancel the distribution.