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Project Timing (from Executive Briefing):
http://www.sunergygold.com/sney_executive_briefing.pdf
Here's some good reading for those that might be interested:
P.S. Good to see you on the board, buddy. We're getting closer to "show time."
Technical Report:
http://www.sunergygold.com/sney_technical_report.pdf
Possible Gold and Industrial Metal Content and Value in Exploration Licence EXPL 5/2009:
http://www.sunergygold.com/corporate/AMS_Concession_Report_Sept_2010.pdf
Executive Briefing:
http://www.sunergygold.com/sney_executive_briefing.pdf
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I believe that would be a material event (getting funding) that would need to be reported. That's why they set up Kat Gold on the OTCBB (reporting requirements for greater transparency). In short, If Kat Gold got funding, that would have to be reported. Kat Gold is not on the Pinksheets.
As of the last 8-K/A, for the period ending December 22, 2010, Kat Gold still does not have financing and KATX is funding it's operations, and "KATX has extremely limited capital available."
EMLL summary of events as of 01/27/2011:
Emails from EMLL (courtesy of smilin_B):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59123886
The bold/underlined parts highlight the main points of interest...
Ken's thoughts on the 80/20 Vale deal:
Looks encouraging...
Plots A & B Geological Mapping & Surveys Complete
We should see the updated 2010 financials start rolling in, over the next couple weeks. I imagine we'll have more details as to last year's changes.
Dec 22 + 60 days = Feb 20th
I agree 'Max'...but at least I was able to pick up more shares today ;)
Should be getting several updates soon:
Re: productivity during winter
I was under the impression they were to ship January 21st. I wasn't expecting a PR saying they shipped, but I assume we'll get one a week or so before arrival. I could be wrong though. If I were the CEO, that's how I would do it. Please correct me if something has changed with the timeline.
Re: How does the dredge work to recover gold?
Videos how the dredging will work:
I believe these are not the ones we'll be using, but same principle.
Just looked up to check the ticker. I noticed it was dropping, but didn't see a PR or filing alert. Good thing I looked here, else I'd have no clue what's going on.
I'm not sure why that is considered "bad" news though. It looked pretty good to me. Can someone explain? Thanks in advance.
Very nice stervc!
Sort of make $0.14 seems a bit silly, doesn't it? Tiny float, patents, exclusive license from NIH...
I could go on, but you already did a fantastic job, and I can't top that. Great job, buddy!
Good luck to all CPBM shareholders!
Bio
I think this is just to let us know they got the report for the area they acquired in the merger...and they're basically letting you know that they plan on doing more exploration work on the property in 2011.
I saw in the last couple 8-Ks that they've completed 73km of line-cutting. The last 8-K said they'd be doing more soil sampling, IP work, geological mapping, and further trenching." All that will take a while. So, I don't know what to expect as far as an actual timeline. Maybe they mean they'll start drilling the targets already identified and then do all the soil sampling, IP, trenching etc. on other new targets. Not sure. You're thoughts?
Yes, but who owns 98% of Kat Gold? KATX does. This gets into subsidiaries and such , and I agree it is a bit confusing. But I'm just reporting what was in Kat Gold's 8-Ks. I'm looking forward to clarification on the company's future structure. I think that will clarify this.
Gotta hit the sack guys. Good night all, and good luck,
Bio
Just to be clearer...
Those can be pretty useful, mostly as a screening device for in the field. Of course they don't have as good a detection limit or the level of quality control as certified lab results. But they're nice (see rest of my comments at bottom). Here's an example:
http://www.azom.com/details.asp?ArticleId=5214
I believe they can be calibrated with rare earth element standards, as well, but I'm not certain.
http://www.freepatentsonline.com/y2010/0080351.html
I know a certain CEO of an exploration company that was looking at purchsing one of these back in July and he said they were quoting him $30-$40K.
I tried to get a quote from one of my vendors for the guy, but the manufacturer (I believe a German company) never got back with my sales rep. Either that, or the sales rep forgot to call me back. I take that back, I did get one quote, but it was just for $431, but I thought that extremely odd, and asked for clarification from the manufacturer. Unfortunately, I never heard back and got busy and forgot to follow up. I don't know if the guy I was getting the quote for ever got one or not. It would be pretty cool if he did.
In any event, they're a good screening tool. This is assuming you have high enough concentrations to be above the detection limit.
I don't know that they have all of the assays yet (other than the ones already reported). All I know is that they said they didn't as of January 7th. They could've received them since then or maybe not. But what I do know is that it is extremely abnormal for a lab to take 2 months to do a test. But like I said, maybe there was a delay sending them off to the lab to begin with. Maybe they haven't had them the whole two months. I'm just not sure buddy.
As for legalities or ethical guidelines with releasing assay results, I think companies have quite a bit of leeway. For example Goldcliff did a drill program in 2008 and didn't report the assays until May 18, 2010!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54104301
I think we should be hearing news next week. If not, I would be absolutely stunned. Mondays are good news days for KAT. So, it could be tomorrow.
P.S. To clarify again...I'm NOT saying Ken is witholding the results, or that they lied on the last PR (maybe the did NOT have results then), and I'm not saying the company did anything shady. All I was saying, is it doesn't take 2 months to do these tests done, and if there are delays or issues at the lab, they have options (mentioned before), and those options should be exercised. At this point, I'm not saying this is good, bad, or neutral...just that it is unusual. Some may interpret this as being positive, some may interpret this as being negative. I just say it is unusual.
Good luck to us all (yes I do own shares...in case you were wondering).
Bio
I can agree with that. I don't know if something is good, bad, neutral. I just know this is "different."
Hopefully, my posts at least gave some insight as to what our options are usually available if the lab is having issues.
Take care
Bio
Hey balihi. Hope all is well. Contrary to what some think, I wasn't saying anyone did anything shady. I'm just saying if there's a problem at the lab, the labs usually sub it out to be able to meet the promised turnaround time. I also said maybe it was possible that we just sent the samples in a little later. I don't know what happened. We did have the holidays, so maybe folks were super busy with family etc. I'm just surprised we don't have the results yet. If the lab had a backlog, they usually do send it out to a subcontractor lab. Unless, they thought they could get it done sooner and they didn't expect the delays.
Apparently some misunderstood my posts, thinking I was attacking Ken/Kat...which I was not. I'm just explaining turnaround times and typical options based on my experience.
Splash59, balihi, and everyone else. I just won't post anymore if that's what you guys want. I honestly thought I was providing useful insight on a topic which others might not understand about how things usually work.
BTW, if the company says they didn't get the results yet, then they probably didn't. I NEVER said that they did. But I am saying that something is causing a delay. If the lab is two months behind and not subcontracting those samples out, then I hope we don't use them next time. On the other hand, maybe the folks took a little time off for the holidays and they've only had our samples in house for the last 2-3 weeks. We don't know when they actually received them.
I think we get results this week though. Good luck
Be careful with what? I did nothing wrong. I'm trying to give you some insight as to how things work on the lab side, based on my experience. You're free to consider my thoughts or not. Some people like to hear how things work on the lab side. Maybe you do not. Whatever.
I never accused Ken of lying. I never said the lab did not complete the analysis. I just said it doesn't take two months to do the tests. I also SPECIFICALLY said that delays/equipment breakdowns DO occur, but I also said what options are typically available when there is a delay. So what's your problem? You don't like to hear how things usually work at the lab? My bad. I still can't believe you resorted to ye' old "you sold and want cheap shares" bit. LOL. Too funny.
I own shares, period. Besides that's completely off-topic.
I stand by my statement.
1. it does not take 2 months to do the tests
2. yes, equipment breaks down but they usually give the client the option to sub it out or they can wait if they're not in a hurry.
3. I NEVER said Ken has the results already. ALL I said is it does not take 2 months to do the test. You disagree. Fine. I'm going by MY experience. Just because YOU disagree doesn't have anything to do with who owns what amount of shares.
No, I did not say that. I said it does not take two months for the lab to do that analysis, and I stand by that statement. Perhaps they don't have the results back yet, but it is not due to a delay at the lab, IMO. Perhaps the company was late sending in the samples. I don't know. But it does not take 2 months to do the analyses, or they would not be in business very long. No one is obligated to take my word for it. Call the lab and ask what their turnaround time is. I bet you a $5 footlong it is not two months, nor one month. If I'm wrong, I will buy you a $5 footlong as well.
Like I said, it doesn't matter. They do NOT leave a client waiting two months. If the instruments/equipment break down, you sub it out. If the lab doesn't think it can meet the turnaround time (TAT), the first thing they do is call the client. Next they call they pre-approved subcontractor. Most lab certification authorities REQUIRE certified labs to keep a list of pre-approved subcontractors ON FILE for just this reason. It's all about quality control. Heck, I've even had clients come pick up the samples and overnight them to another contract lab, and then pay for 24-hour turnaround at the other lab to get the results back.
BTW, I'm not saying labs don't have breakdowns/delays. But if they do, they typically subcontract it out. At the very least, they immediately notify the client and ask what they want to do (i.e. wait for the repairs, or let the lab sub it out). If the results are important enough, the client says to sub it out and get the results ASAP. If the results are not urgent, or you aren't in a rush to see the results, then you may tell the lab to just hold them and run them as soon as the equipment is fixed.
It could just be that the KAT crew was delayed in sending the samples out. I'm not sure what personnel they had on hand to inspect each section of core, split it, and send off the sections they wanted for testing. Maybe that took longer than expected. In any event, we should have news next week. I actually cannot believe that we are sitting here 2 months from drilling completion date and still don't have all of hole #2 results, and NO results for hole #1. But hey, I can't believe they haven't filed the S-1 yet either.
P.S. Yep, $5 footlongs at Subway...
Standard lab turnaround time is two to three weeks, at least for the vast majority of labs that I've ever dealt with. Actually, it's usually, 10 business days. Of course, the labs strive to get the results back sooner than that, if possible, because it's good for their reputation. But these labs can pop out the results in 2-3 days if you have the extra dough. For some tests, you can even request 24-hour turnaround time (although not sure if that's possible with the fire assay method, due to all the prep work prior to analysis).
IMO, these results are delayed, and have been for weeks. And according to the last PR, it looks like they're only expecting/reporting hole #2 results. So, I'm guessing we get no results for hole #1. I'm not going to speculate on why, but fact is, we have NO results for hole #1, and they are in fact delayed. I've never seen a lab take two months to do such analyses. If they do, I don't see how they're still in business, with such terrible turnaround.
Nov 22, 2010 drilling was completed
Dec 23, 2010 only partial result for hole #2, no results for hole #1
Jan 07, 2011 still waiting for the rest of results for hole #2, and no mention of #1 results.
Jan 23, 2011 still don't have all the assays for hole #2 and still NO assays for hole #1.
I'll bet a $5 footlong the delay is NOT at the lab. Maybe it just took the crew a little longer to split the cores and send off the samples. I'm not sure. But, like I said, it doesn't take these labs 2 months to do these tests. If there was a delay or instrument problem (which do occur), they would sub it out to another lab. That's just common practice in the industry. You don't leave a client hanging for months on end, or you don't stay in business. But who knows, maybe the lab director told Ken they're "working diligently" on the samples and he should "be patient." LOL.
They have 90 days from end of the fiscal year for annuals. Plenty of time.
already been updated...a couple times
http://investorshub.advfn.com/boards/replies.aspx?msg=59002557
But thanks anyways.
BEDFORD DISCLAIMER:
Thanks Jackroch. Nice to see KATX is getting a little exposure.
NOTICE:
This board is to discuss EMLL (the good, the bad, and the ugly)...
It is NOT to discuss "pumpers" or "bashers" or question someone's agenda (good or bad). I suggest reading the Terms of Service (TOS).
http://investorshub.advfn.com/boards/Terms.aspx
One more note: I realize mods may not catch ALL the "off-topic" or TOS violation posts. To my knowledge, it is not intentional. If you notice they missed one, please feel free to click the "Report TOS Violation" button on those posts you feel we missed.
Thanks for your cooperation
Bio
Thanks a million Computerbux. I may have to buy a few more shares. LOL
Bio