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Your buy order at .05 is gonna be empty after the price bounces off my order at .06. ;)
So you rode this down all the way from .25 and now you're thinking about selling with drilling a week out? Whatever man, it's your money.
MM's decided to pick up a low buy order before close, bid wasn't even that low. If this makes you upset, pink sheets probably aren't your thing.
Yea because if it's an easy triple it's somehow not a good buy at .08.......keep waiting for those .06's. Looks like you're running out of time.
Look at L2. MM's won't drop it that far.
Comfort is an extremely relative term when you're talking about pinksheets. I feel comfortable in my DD done on KATX, properties with great potential in an area proven to be mineral rich. Not a typical pinky on a fundamental basis.
This is a highly speculative play until the ground is proven. Either you get in on the ground floor and take the risk or wait until the ground is proven and pay the price to get in. Risk vs. reward.
You act as if you're surprised this goes on in the pink sheets. How long have you been around here? They don't call this the wild west for nothing. You should probably thank the manipulators for this gift PPS, as I doubt we'd be at .08 without it.
This has been going on for the last 3 months, not just lately, HDSN was sitting on the ask for MONTHS slowly walking this down in preparation for the next run up, and when there was positive price action he would undercut the ask and sit on it to stop any leg up. It was amazing to watch. But it is what it is, like I've said, we can't get off the pinks soon enough.
The only real joke is you complaining about "paint". Have you tried putting in a buy order for KATX? They're not exactly going through quickly. MM's will walk this up or down during the course of the day and you MIGHT get filled, but if you want to be in at the end of the day, you'll get filled at or near .08. MM's are determining where this closes, not "paint".
This will probably still end up around .08. MM's just making money off the spreads.
I see you beat me too it. Once again thanks to those who provided some good info.
Alright, let me give this a crack. Take it for what you want.
Bill Richardson's investigation by the SEC was surrounding some stock that he had parked with various family members and then illegally sold on the market while he was the head of Atlas Mining.
Sometime previous to this, Atlas Mining staked out KAT with funding for KAT to begin to develope a couple properties. I'd speculate that the deal was Atlas would get a cut of whatever KAT found, as it doesn't appear that KAT was publicly traded yet, so stock options wouldn't be possible.
After a year agreement, Atlas decided not to stake out KAT anymore, so KAT went on its own and Ken and Tim personally financed what little they could do.
KAT eventually went public as KATX and as you probably know even that wasn't a cakewalk, as the initial group of investors sold the stock out from under Ken and Tim and it tanked the stock to the sub-penny level. Now the company is back on its feet and is going ahead with a pretty good head of steam compared to where they were only a year ago.
Just wanted to say thanks to those who posted and pm'ed me the info regarding KATX's past experience with Atlas Mining. I've also been involved in deals with people who turned out to be different than I thought they were. I hoped I was clear that I in no way was accusing Ken or Tim of anything. I just needed some clarification, thanks to those that provided it.
Huh? I never claimed to have any facts, I was asking for them. If you go to the links that were posted it has Richardson listed as being on the board for KATX over a year ago. And it's a fact the Richardson had a class action brought against him with the SEC while he was at Atlas Mining for some underhanded stock distributions. I was asking for clarity on what relationship KATX had with Richardson. I was NOT making any accusations against KATX.
That'd be great, any input is greatly appreciated. I wouldn't be surprised if he was somehow involved in the initial financing where the "investors" dumped stock out from underneath Ken and Tim, I have my speculations but if someone has some facts that's even better. Obviously Ken and Tim learned from that hard life lesson and moved on, hopefully without Richardson.
I believe there are enough of us "new" people here that if someone could shed some light on this issue it would serve the greater good.
I'm still looking into it but it doesn't appear so. Latest involvement I can find was back in '09. Obviously a lot of things have happened since then. Just a little clarity would help.
Would you mind digging that info up? Or maybe someone else can help? If this unknown involvement with Jacobson can be explained it would be great to know.
I also have quietly inquired as to Bill Jacobson's involvement. I will say that through my research I can only find him listed with reference to KATX one time (in the article you posted) about a year ago. It has him listed as being involved "externally". Whatever that means. My investment lies with the properties, and this obviously doesn't change what our properties may hold. I just don't like the fact that KATX might have had some dealings with a shady character. Hopefully we'll get some answers to the extent of Bill Jacobson's involvement with KATX. Hopefully he just sold them some toilet paper, and does NOT have an interest in KATX.
Why would anyone ask a Cornerstone shareholder what they thought of Ken? He was head of exploration there, not a CEO. Since you seem to be telling any newcomers to not trust the DD that has been done here, I suggest you put up your own DD that backs up what it seems you're trying to say.
I'll take that as an omen. How many ounces in a bushel? =)
I don't think he split KATX for the sole purpose of selling KATG, but I think it was one of the considerations.
That would depend if the record date for the Twilight distribution happened or not, or if Twilight is even included in the deal. If Twilight would be included and it was before a Twilight distribution ever happened, it wouldn't matter, because the overall purchase price for the properties would be reflected on the total amount of outstanding shares, you would have less shares, but the per share value would be higher.
We would get our shares, and then they would be bought back by whomever is purchasing the company for a negotiated price.
My speculation is also that KATX was split for the purposes of possibly selling one side of the operations, most likely KATG. This will fund KATC and the 6 properties under it. It answers the question "why"?.
Just a little chart update for those interested.
Holding pattern is still prevalent obviously. But on a couple positive notes CMF crossed over into positive territory today. ADX is SOOO close to making a crossover, it's getting tighter every day, and we all know what happened the last time we had a crossover, MACD slowly rising, and we are still in oversold territory. This is ready to run, just needs a nudge.
As you well know, Handcamp (which was the cause of much the hype) has been sold to KATG, that's a big reason for the decline. Hopefully you were in for the KATG distribution, I think it will prove to be valuable. If you look at the chart you should ask yourself, why are so many people still excited about this stock? The answer lies in the DD that's been done on this company and its properties. A lot of fundamental investors here, and the fundamentals haven't changed.
Vale is already heavily invested in the area. It's not that far fetched to think that Vale will buy an interest in KATX, or even buy the entire operation, if the properties prove to be valuable. All specualtion at this point, but it should be interesting once we have an idea of the value of the properties.
More holding pattern today I see, I know some scratch their heads when a pink holds on no news, but the truth is this is nothing new for this stock. If you look at the charts it's previously gone into a holding pattern for well over a month before the next leg up. Lots of anticipation here. GLTA.
My opinion was that technicals are saying a holding pattern has been formed between .08 and .09. Indicators are saying "hold". Fundamentals are saying "buy". I was questioning those who are saying that this is going to drop almost 50% from this PPS, as to how they are coming to this conclusion. I don't see it from a T/A or fundamental perspective.
Case in point about ground being "proven", people here like to talk about UXG and the run from .30 to over $10 a year later. UXG STILL HASN'T PULLED THE FIRST OUNCE OF GOLD OUT OF THE GROUND YET! UXG's run was on drilling anticipation and the run was sustained by core samples later on. The ground still hasn't been "proven".
A couple ramblings:
1. Please tell what facts or presumptions those who are saying .05's, or now .04's are going on when you make these "predictions". When you consider what KATX has in the pipeline right now and what the chart is saying right now. I have to chuckle a bit when I hear these statements. Chart is saying hold/accumulate, fundamentals are saying buy, I don't see "drop 50%" anywhere. THESE .08s and .07s ARE the cheapies. Don't get greedy, it'll bite you.
2. These stocks move BEFORE a real total value is assessed to a property, I can assure you that when the ground is totally "proven". The stock will already be trading on a P/E well beyond that. But if you'd like to wait around until it's a sure bet, by all means then.
Well, everyone has their opinions, a couple weeks ago I was right there with you saying we should expect a dip to possibly hit .06's, but now it seems that things have settled down and there's a wall forming around .08. I've even admitted that I do have a nice buy order if it should dip to .06, but at this point, I'm not expecting it. I think we'll get a PR this coming week.
Like I said, look at the L2 and the buying that comes in around .08, .06s are getting doubtful, let alone .05s. And as far as painting the close, it goes both ways, people will try an eod walk down just as people try an eod run up, your point is moot.
Expected by who? You? Looks like .08 support held a little better than you thought? I think he should hold and sell into news if he has to free up cash, considering we are in a holding pattern, or sell at the top of the pattern which is around .09. .06's and .05s probably aren't happening for a number of reasons. Watch buying support on L2 and you'll see what I mean.
The chart and indicators are indicating a holding pattern IMO. .08 buying support has proved strong. I also am becoming more inclined to say that we've hit bottom. Still have a buy order in for a chance dip but not counting on it.
Looking at the trading the past couple of weeks I'd say .06's are looking less likely with every passing day. We haven't had news in quite some time now. It's holding on anticipation, should be a nice pop with a drilling announcement also.
I don't like to count money before it's here, but if you know the NL area and all the recent mineralization that's been found there, coupled with the huge magnetic anomolies our properties have, a buck will come and go so quick you won't have time to sell there. The proof is in the ground, and it's probably going to make us quite a bit of money. Judging by the open depth and surface area of the anomaly at RR, even if it's low grade copper, it would be worth in the tens of billions of dollars.
I'm not really familiar with the specific Rusty Ridge area, but it's in the area known as George's Pond, although it is more east than Handcamp, it's a solid 20-25 miles from the coast, right off the TCH. If anyone has experienced a hurricane, you know 20 miles off the coast is a world of difference compared to being on the coast. Let's just hope everyone is ok up there.