Hogwash. Do some reading. There is another reason and you know it

Unenlightened management. Making a reverse split (nearly always a sell signal and a warning sign to potential investors) to uplist to AMEX, knowing that they would report lower earnings. They set themselves up for a drop while acting as though they were going to remain above $2. This kind of judgement gets one led behind the barn, which is just what happened.
That said, I have accumulated because of assets and as a great play in the silver market.

It's only a matter of time before market letter writers and gurus find KMAG, then there will be an influx of interest and many new readers discovering the recent PR's.

Buy signal...duh. On the bar chart in case anyone uses them, the descending trend channel is broken to the upside, past support at .01 held, and the price bounced off of the bottom of the long term ascending trend channel. A technical pullback to the descending channel resistance line would give one last chance to buy at these levels... if that happens. Chart:

There is something mighty suspicious about a company taking steps to comply with the strictest of official reporting standards. They are certainly planning something that we can only glimpse through conjecture at this point. Progress is slow but what we don't know will eventually be revealed through the current standards.

It looks that way on my chart too, see below:

Good day smitter,
Several posters had mentioned the former price being over 2 and I noticed that the chart did not reflect that. I had read the word split somewhere and made what you point out to be a false conclusion. I apologize. I was trying to rationalize the notion of the price being over 2.
It turns out I actually did read about a split. It occurred before the charts I have start their history (2007) and the quantities appear negligable. I have no evidence of how it pertains to the current and past share price. But here it is:

"On March 17, 2006, the Company effected a stock split in the form of a share dividend. This was accomplished by the issuance of seventeen shares of Common Stock for each share of issued and outstanding Common Stock ....... The 686,000 shares held by the Entities became 11,662,000 shares of Common Stock on a post-split basis. The 314,400 shares of Common Stock held by the KMA (Canada) shareholders became 5,344,800 shares on a post-split basis. As per an agreement between the KMA (Canada) shareholders and the Company, these 5,344,800 shares of Common Stock were retired to treasury and cancelled and the KMA (Canada) shareholders received 1,179,000 post-split shares of Common Stock.

Good,
According to this snippet Dixon was VP and President during the the price rise to 1.30 in 2007. And he was there during the price collapse:
"Scott Dixon Scott Dixon, has been the President of KMA (Canada) since May of 2007. He previously served as Vice President of Business Development after joining the Company in April of 2006"

Goodspeed, I don't recall, but that information was posted somewhere. What gets me is that that run from .015 to 1.30 happened in for months. Wouldn't it be spectacular to see those highs surpassed in such a short time... and then sustained with a pleasant uptrend!

below is the price history chart of the current share structure. I believe there was a split which changed the highs relative to current prices.

Ant,
I missed an extra fan line shown here. According to the book these fan lines denote a long base formation and it's trading range between .005 and .008. But we didn't need a chart to know that.

Thanks. I believe this company is going to be recession proof as theft may become more of a problem during tough times. You are right, a stock goes down because there are more sellers than buyers. As news and numbers continue to emerge from KMAG more buyers will appear. As JP Morgan said, "The market will fluctuate." But the trend is still upward.

Great sentiment mackie. I started at .009, added at .01, .015 all the way up to .022 and all the way back down to .014 on Friday. I could indulge in, I could've sold at the top, but those feelings are unconstructive and interfere with the vision of the future where all my steady accumulation will bring me a sizable piece of satisfaction. I will be back in there Monday buying.
An allegory: I save nickels too. They buy less and less but the zinc and nickel in them is worth more and more until one day people will offer me 50 cents for my nickel.
Incidentally, posters say "we are going silver soon". A nickel is zinc and nickel... a dime represents silver. That is fine with me.

Master, rest assured that I am not "one of them". I am more like one of the newbies you portrayed. The scenario you presented evokes resent and hopes that they eventually meet their just rewards.
But, based on the fine reporting and dd here, I feel that a year from now my steady accumulation will pay off big time. Thank you for your well written viewpoints. I will certainly in the future temper my timing and be cautious of exuberant cheerleading.

Here's a two mo chart. I hope I drew the lines wrong.

I hear you.

Hey Goodspeed, I'm 64 and back on an allowance. My dad daid wait till your 87 and you'll be back in daipers.

A couple posters have mentioned a cup and handle formation. I certainly see it in this chart. If .01 holds, then we should be on our way up.

I agree. Weeks of consolidation would not be unprecedented before working through the overhead supply from last May through November. Many may not like to hear it, but on a move from .0003 to .022, a 33% to 50% retracement is not out of order.
Then again, KMAG may switch to an earnings and news driven climber. Regardless, I'm putting all my weekly allowance in it until I am satiated.

Great chart, thanks. There is a sloppy but valid head and shoulders pattern and the downside measuring objective has been met. A double bottom at these lower levels would be ideal albeit painful. I would happily settle for a V shaped bottom and upward from here.

As it has been said, for every two chart analysts you'll find three opinions. With one chart sell signal and one buy, I'll just continue to hold. I am not demeaning technical analysis, but the time is evolving where KMAG stock price will be driven by earnings.

Guru Joe Granville said technical analysis is simply a measure of mass psychology. That said, whatever emotions may be at play (greed and fear being said to be the most common in the marketplace) many have left the stock recently. My guess is that they are players who have done very well recently and are moving on to the next quick momentum play. Or they are long time holders having suffered through the deep V shaped crash/recovery and wanting to break even.
The emotion prevailing among the current shareholders seems to be, confident elation and pride in regards to the amazing fundamentals demonstrated by the company, and the admirable character of the principal personality. I count myself in that group.

Different charts for different objectives. The double top on the 60 minute chart played out today. On a longer term chart we could project a bottom of this move down at the 200 day moving day average. A 6 month chart pictures us in the handle of a cup formation portending the beginning of a new upleg.
Some dismiss charts, but the fact is many traders are guided by, and automated program signals are generated by technical analysis. Therefore they create a selfulfilling prophecy that ignores fundamentals. the recent fundamental news has been positive suggesting a shot upward, yet the projections of charts have been building a flag formation, a consolidation. .
I've come to view technicals as noise worth paying attentioin to, but the fundamentals will eventually bring the price into equilibrium with the value of the company. The fellows here who have crunched the numbers see the value much higher, and the tech guys predicting a correction where right near term.
Personally, I jumped in today as I did yesterday and the day before and will tomorrow as I get money. A year from now I am certain I will not fuss about if I got in at the technically perfect spot.

Bravo Goodspeed. It takes buyers and sellers to make a market. If today's sellers made a tidy profit, that is wonderful. They served their purpose and deserve their reward for taking a chance during the most risky times. I am a new investor and I don't see the present opportunity as taking a chance as much as I see it as beginning a ride with a company on a path of growth.
As the old guard leaves and the new comes in, there seems to be some bickering, snickering and unpleasantness. This too shall pass ... I trust. I am glad that some old timers are staying and offering their insight and knowledge of the company.
I would not be shaken if the magnicificant move so far took the statistically possible 50% retracement. There are probably people who bought a year ago at this price who are itching to break even. There are technical traders who bought a couple of weeks ago and seeing a possible short term double top may be compelled by their trading strategy to take their 100% profit and wait for a new entry point.
Personally, I intend on buying more tomorrow just like I did today. I will buy more every time I have the money to do so. I don't care about the fluctuations, because I see a company with a steep growth curve, solid management and a great product. In the long term I know I will be rewarded for my steady "dollar cost averaging" accumulation strategy.
Meanwhile, I appreciate the level headed and courteous regulars here who make this place informative and supportive.
Thank you

Thanks for that articulate explanation smitter. He made some terse allegations about insider shenanigans which I thought strange inasmuch he had just pronounced that he had done no dd.

The handle is on the cup now as the "buy on rumor, sell on news" players exited. That's the oversimplified technical and fundamental analysis of it.

Great video Poem. Please do that every month!

I doubled down today at .009, feeling much better about my entry yesterday at .01. Thanks to all the folks here for such informative and positive commentary!

Long term smitter. Thanks for the KMAG MEGA DD. I have nothing to contribute to the board so I will be lurking in the background absorbing and.... accumulating.

I'm in today at .01. Thanks for the informative posts which helped me make my decision to invest in KMAG

The extention of the review period is due to: "Detailed and specific design documents have not been submitted for the Mill Tailings Repository and were not available for public review during the public comment period."
"The substantial delay on the part of the Applicant constitutes a serious unforseen circumstance in the review process of AM-03."
Re: lornacn post# 43338

Thanks Jim. I still accumuate on dips figuring as Q's are being worked on there is an effort being made to make SNEY viable in the corporate world. That is a signal in my mind that something is happening in out the field.

Thanks for the tip! Talk to you later.

smitty,
jpyeiser@hotmail.com
I've got no PM here for getting "off topic". I suppose it may be time to upgrade. I'm a California boy so don't expect hog jowells and black eyed peas.
Risk, Charlie Daniels' spread is just down the way. I wish some SNEY volume would pick up. I need more shares. I don't know if it is a hunch or wishful thinking, but based on the snippits of information, it feels like we are on the cusp of something. but ha, I bought in a year ago on the expectation that financials would be soon filed.

Tennessee, just outside of Nashville. Stop by and jam! We'll watch the horses and SNEY posts from the porch chairs and pluck out dueling banjos.

Incidentally Risk, some time ago you mentioned the possibility of a reverse head and shoulders pattern. I have kept my mouth shut about tec analysis because of the food fight I got into with a poster here. However, I must say I timed my .005 buys and gauged the size of my aquisitions based on the gamble that a right shoulder was forming.
If that pattern doesn't play out there is always the .0037 double bottom. The point is that my decision to buy was based on the fundamental research provided for me here, and the timing of the buys were aided by some technical analysis. Yes, I know there are as many interpretations of charts as there are people looking at them!

DB and smitty, good conversation. Long reinforced a good point for me. Your target price for an investment should factor in the amount of time your money has been tied up and kept from other more immediately profitable ventures.
I began my SNEY paced venture over a year ago and got in initially at .019. I knew it was a speculation from the onset and have averaged down all the way to .005 without resent based on DD I have found here and elseware. I am grateful to Risk, falon and others for their perspective and information. Consequently my SNEY position is profitable currently. I am buying hand over fist recently and we'll see if I become ANOTHER RAVING VILLAGE IDIOT.

The RS "babble" seems as plausible as the buyout babble. It's all conjecture. In my experience the horror of an RS is that it makes a reset point for dilution. That is what makes the price drop in most instances. RS is currently working fine for a major producing silver company needing it's share price high enough to meet requirements to uplist on the NYS-AMEX.
Ironically those promoting the buyout idea appear to not be "longs" as they are hoping for approaching closure. Those suggesting the possibility of a RS seem to be looking at the long term eventuality of companies with such a large OS. My pipe dream would be for a future share buyback. The frustration is that as CGFIA continues to dilute I must continue to average down. I started at a pps of 5 cents and now have 50m shares just to keep up with the hopes of a multi bagger increase.
I'm in this for the long term because I love the company's potential and I like the people involved. But if a RS were to happpen near term, prudence would probably compel me to sell and buy back at lower levels. If the OS increases I am going to have to continue to buy. If a buyout occurs I hope it compensates for how long my money has been tied up. All conjecture.

Not me. I picked up 100 k today on the ask, It filled in a second.