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.
No, he just wants to cover that low. This board has become a haven for BS. First the pumpers scream JACKPOT, then the shorters scream SCAM. Then both go away and it gets quiet. Then you really get to see what you have here. I'm heavy into a mining stock that went through the same thing.
Yep, mining is a very profitable business right now. I could care less what RR ends up being as long as it's minable.
Depending on the grade of ore, it could be anywhere from $50-$125 per ton. Forecasters are predicting we might be see across the board increases of 25% or so in the coming year as demand increases with the recovering economy. Open discussion is welcomed here for the most part BTW.
Hey what do you know, looks like MMs are lining up for a little anticipation run, and HDSN isn't undercutting the ask. This could be good!
Nice objective post. Not sure if we'll see the results this week though, would be a pretty quick turnaround. If I remember correctly the turnaround time for the HC results were a couple weeks.
Give it a rest. Only 20 minutes into the trading day so far. The more you say the less objective you become. To have an uptrend in anticipation of drilling results is neither new nor exclusive to KATX.
Take note of the section of the article where UAW president Bob King is already talking about getting a bigger piece of the pie for the UAW. GM is fresh out of bankruptcy and it's already begun. Like I said, the gorilla is still in the corner.
People who know mining plays know about what's going on here. The real noise won't start until results are released. We might get a little speculation run if the MMs line up for it.
GM was the epitome of American greed, everyone wanted a bigger and bigger piece of the pie until they were barely turning a profit on a car in a good market. If it wasn't for GM's overseas sales and cheaper overseas labor, the fat lady would've sung on this pig a long time ago. GM has gotten rid of some dead weight going through bankruptcy, but the gorilla is still in the corner.
It was a combination of things, but you can only pay a $50 an hour wage/benefit package for putting wheels on a car for so long.
She doesn't know anything you or I don't. Some just pumped it up to appear that way. I do think KATX has some big potential, and at the end of the day the drills are going to be the only thing to turn potential into reality.
I'm sorry to hear that, what's funnier is how you're told that GM's debt/bankruptcy was your debt/bankruptcy as a stockholder, that's why you took it in the teeth.....unless you're a member of the UAW. Hopefully you can at least find solace knowing the union boys got their cut.
Right on the money. The powers that be will prop this stock up as long as they can, the second bailout. Not sure what the O/S was a few years back but if it's somewhat the same it's a joke to see it trading at $20 way before bankruptcy and now magically it's at $30. Now Average Joe American and his 401k are out of luck, after the gov't used HIS money to bail out GM, and now the big boys get the chance to turn a profit off his back. The land of opportunity!
They also could've taken the time to collar the hole. Judging by the grids even if a full 1000 meters was on the first hole, they would probably still be open for depth which could warrant further drilling in the same hole.
What a scam this turned out to be. Setting up an artificially high IPO for the big boys to dump into, hoping retail was ready to scoop up their POS holdings. A realistic valuation for this IPO should've been $12-14, and I think that's where this will settle.
Also by looking at the grids, if they didn't hit anything, they probably would've known in the first 300 meters. They obviously continued to drill, so I believe they found something worth looking at.
You can also speculate that KAT was planning further drilling on RR regardless of how the first holes went. You could consider it likely they saw what they needed to see and will expand the drilling program in the future. The more the property is proven the better terms they'll get for a JV or sale. Being that RR is believed to be a very promising property, I doubt they would sell it short after 2 holes if it turns out to be a valuable deposit.
In the meantime I believe further proving of HC is a pressing matter, KATG shares are going to hit the market at some point and the more HC is proven, the more capital KATG is going to have for future projects. The more each share of KATG is worth, the more capital KATG is going to have to operate.
True, but I don't mind sitting on the bid during quiet times. It's probably netted me an extra 10k shares this week. I'll take every last share I get get.
I agree, I've also been accumulating for the last week, orders aren't exactly filling quickly. My orders are getting filled about a third of the time even when we're at the bid price and I'm sitting on the bid.
If you look at the grids it shows the anomoly starts its highest density at about 300 meters. I can't see them continuing another 600 meters down if there was nothing of interest.
It's known as equity financing which is raising capital through selling stock, every time you hear someone crying about "dilution", this is what they're talking about.
To be fair KATG is a publicly traded company that has yet to be really publicly traded. Once they have issued shares and established a float they'll have more working capital.
Oh well, I'm not going to put much weight on it for now. Perhaps they saw what they needed to see and want to drill HC phase two before the weather turns.
I can't recall if 1300 meters was specifically stated in a PR, but I remember the proposed holes were 900 meters and 400 meters.
I find it very peculiar that they mention the fact that they drilled a total of 1058 meters. Why mention the depth at all? I know most of us were expecting around 1300 meters give or take going off the proposed grids. Not sure how to take this, if drilling was a bust I wouldn't bother mentioning specifics. Let alone continue drilling through 1058 meters of worthless rock, by reading the grids they would've known if they had something or not before going down even 400 meters.
I've only had time to skim it. I'll get to read it tonight, if you noticed other sections it mentions developing Handcamp with trenching and in depth exploration. We have already started both so I'm not too sure when these statements are prepared in relation to current developements. It's possible they have started Phase 2, but I think we would've heard about it.
I think you're setting yourself up for disappointment as well as those who might ascribe to your theory. It would be nice if they started HC phase 2 under the radar, but I'm doubting it.
Not at all, the statement is according to what was occurring during the quarter, it doesn't mean that they've done additional drilling at HC.
I don't believe that was ever said to my recollection, but I believe it's apparent that they are drilling one property at time currently. If KATG was already trading I think it would be different but that's how life goes.
This is how I'm inclined to read this also. I think they have a good idea what they have at the depths they drilled. I also think they really want to get HC going again due to KATG going public.
I think they are using KATG for funding purposes, once KATG starts trading and the stock is issued KAT will stand to profit by further proving on HC.
The news JUST came out, but if you're waiting for PPS to rise on speculation you might not see it. There's a lot of accumulation through bid sitting right now.
There's no way to tell. We have had positive news in the past and PPS barely moved. Either way, the moment we have all been waiting for is only a few weeks off.
It's positive for us in the fact that we now have a general idea of when we should be expecting results.
Very good, we should be getting the results back mid December at the latest now.
PPS in the dollar range is a long way off. Near term of .50 is not out of the question with good results. I've seen these mining plays go from .05 to .70-.80 in a week on good results, but KS is going to have to make getting KATX to the OTCBB a PRIORITY if we want to have any chance of PPS STABILIZING past .50. All IMO.
Many mining plays can hit .50 if it gets the MOMO, for the PPS to stabilize above .50 is different.
I agree 3Q BVIG will probably not show a whole lot. However when KATG starts trading it'll be very interesting to look at. As far as KATX PPS I doubt there's a whole lot of downside from here, the chart has shown us that much.
Yes it would appear that way if this is how they sit at opening bell.
Looking at the chart we should be getting a little bump in PPS the next few days, PR or no PR.