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The Funny One And Back to Business Sorry but to waste time...This post put the priorities in focus
Posted by: Biochemist2002 Date: Saturday, April 24, 2010 11:41:02 PM
In reply to: None Post # of 41113
Great news about the new legal firm. Looks like things are stepping up at a rapid pace. Unfortunately, it looks like we've all been wrong. It doesn't matter if the Hand Camp drill program returns samples of 50g/ton Au, or if we wrangle a couple JVs or if we get the rest of the $5 million. Nope, apparently none of that will do jack for our pps. Apparently, we MUST focus on the website or else go completely bust. Don't worry guys, I got your back. I just now emailed Ken to let him know that he needs to re-direct his valuable time and resources to the website. I told him the drill program and JV negotiations can wait darn it! We need that website improved ASAP!
I'll let you know what says. Stay tuned.
A classic but worth reposting, Thanks Bio... But its about Drilling and Moving forward. Misinformation and distraction's days are numbered here. LOL
Posted by: Biochemist2002 Date: Thursday, May 06, 2010 12:06:57 AM
In reply to: gump90 who wrote msg# 39979 Post # of 41111
You're too funny. I believe it was you who has been saying for the last six months that they needed to spend money on a new website, a better law firm, uplisting, etc. I believe you said they needed to be working on "the whole package." BTW, since when have they spend big dough on everything "except mineral exploration?" I guess you must have missed the 1,700+ samples they've had analyzed on Handcamp alone, the Lucky site samples, the Shaylee and Rusty work, the additional claims for Handcamp and Twi-lite that have been purchased, and and I guess you completely missed the coming drill on Handcamp too, althogh I'm not sure exactly how you could have, seeing as how you've been here for six months discussing the company. You can go to a website such as www.Marketwire.com (and type KATX) or go to the company's website (www.katexploration.com/index.html) and see what they've done by way of exploration.
End Loaders, Dump Trucks and to the Mill, just so happens Duck Pond is close and Vale has one too. Other things many exploration companies do Not have going for them.
Cool For KATX and and any future JVs :)
A lot Cheaper than tunnel mines which makes it more attractive. More Profit etc..Understand permits are easier and red tape shorter there also. Newfoundland wants the mining money.
YW, I ride many coat tails here :)
There is a big advanatage in Newfoundland. Open pit Mining, keeps mining costs down. Lets not forget the claims map. Other companies are currently mining and claiming right under Handcamp.
Following us, Just like Vale in the Lucky area. Very mining friendly place..
Felsic VMS, the deeper you go the Better :)
Balihi, Great post, Wish I had your Smarts..What is hard for me seems so easy to you and many. I try hard to keep up and learn. I find myself learning as much from posters like you than the reading I do. Now is a hard but comfortable time for me, hard to wait but comfortable that the comapny will head in the right direction.
It boils down to one of these... Corporate Capability...
No.1 Katx will take the money and run....Nothing in their 30+ yr history leads me to believe this could happen or is a remote possibility. Pump and Dump is not an option. This is a big reason the shares are not a worry and will be used wisely.
No. 2 Katx has the land, opportunity and vision but lack the corporate experience needed to play ball in the big leagues. Some predator will.....Only need to look at one posters here to see what the Steads face in the business world.
No. 3 Katx has the land, opportunity, vision and enough experience to know how to complete that vision, they need the Best to insure some predator does not slip one over on them or they just make a big mistake or miss a small detail. Mostly how do you maximize your opportunity.. Hence 120 Wall Street..
One of the three is about to happen. Let all of us speculate, Let the negative nellies take advantage of the unknown, spread their fear, use their experience to raise doubt and deny the Obvious or just have their fun,, For Now..To much here is verifiable, Drilling is real, Vale is now very real, the claims are real. But most of all the companies desire to make it big is real. Very Good for us. The companies history of transparency speaks even louder now with their silence. They are taking their Company and ours to the next level and all we can do for now is trust them.
I have touted in the past that Katx is a company that someday will be listed on the nas. or nyse, but all in good time, BBs are next and it will help our credibility no matter how they do it...Whole company to a shell, property to a shell etc.
The original PR about uplisting a property bothered me at first. Whats in it for Katx, ME...Just uplist, drill and then sign a JV on Handcamp so I can watch the PPS go up and up. Its taken some time to realize that is selfish thinking on my part. Katx seems less worried about todays PPS or we would be getting fluff every other day. They seem to be more worried about the long term success of OUR company and realize the importance of the shareholders to get them there and thus the shareholders will profit very well indeed, even more than they could imagine.
I have no idea exactly how this will turn out. Handcamp is drilling and you can see by the increase in Chatter from the competition how important that is. Also Vale is beyond doubt, they are in Play and could care less about anything other than minerals and their own shareholders. Good for us, we were there first and have the cream of the peninsula, not to mention the handcamp claims that show other companies following the flow out of our smoker. I have Grown to like The Parent Company Model, personally speaking. Katx will recieve % of all profits and there are many advantages and ways to make money.
The Steads I doubt are finished yet with properties, and have more in mind I bet. Its time to do Business, Its time to drill and its time to trust in those that got us here but want to go much further indeed.
As I said before, I trust your opinions, read all your posts and will continue to do so. Thankyou for your sceptisism, For keeping it real and Sorry for any misunderstanding of your words. Waiting is the hardest part. Trust in DD, past history and morality of the management is all any of us have for now, except one thing..DRILLING...
AS YOU SAID,,,,,WE GOOD
IMHO
GLTY
Good Luck to All
I only posted originally to fight the competition here, Rhetoric vs Rhetoric...Thanks to guys like you I have learned alot along the way....THANKS...I will enjoy the success of this Company and knowing that Rhetoric does not always prevail..We Good.
Cant answer your current Question. Price of company Vs price paid to Shareholders, Did he give them current Value .41. Sounds Fair if thats the case, Company sold for what they wanted for it which all say is fair, Havent even looked at it yet, but will now that you have brought it up...We Good...And Again, Yes. Trust is all we have till we Know...
This post is old now but will voice my opinion anyway
And, Nice Post Grahamber :)
Well Balihi, to answer your question one must speculate some, But in Kens own words "Rules and Regulations". This is where educated guesses come in.
NDAs are a distinct possibility.....
You ask for Answers that can not be given and complain about speculation. Contradictory at the least...
The only thing we have to go on are these Quotes from Ken...and I wont take the time to paste the first.
"We wont increase except for a JV",, I am sure you are aware of that one, And this one from a couple days ago.(bottum page) which I am also sure you are aware of..
You know the business well, Understand your need to know, but as you have said, we just plain won't know until we are told..Confidence comes from the new law firm, who will have KATX's (hence ours) best interest in mind. Also you have a past history on Katx's track record....
We found out that one of your concerns were answered yesterday, you can make deals that lead to JV before property value is established.
Shares are commonly traded the Exploration Co for their share of mining work instead of cash. To keep their share of the mining profits, and that is my speculation...
Just concerns you have, we will find out soon enough. Although as you have mentioned some deals take longer than others and we are ahead of the curve and at least have one email to go on. More than you get from most companies I might add.
Parent Company Business Models Are Not Wink, Wink or maybe Vale is doing every thing wrong. Sorry to see you so sceptical, but I was with the share increase back in Jan, Looks to Have helped us out and glad I stayed in and am Comfortable now. Companies grow or stagnate in this business. KATX is growing IMHO and only time will prove it out. That goes for Company and any honest speculation from the board, positive or negitive. For me, education is best, to learn the vast number of options these deals have. Then I can continue to base MY decisions on DD when the PR does come out, not Emotion or fear of the unknown.
And yes, Most JV and spinoff possibilities are positive for both Shareholders and KATX...IMHO...And, I think they Hired the right firm to insure that.
What is good for Katx is good for me, and I have .
No Reason to doubt the company in my 6 mo experience,
If anything, Quite the Opposite.
I stick to the Belief the Shares are for a JV that Cannot be commented on yet, and if not, for some reason, it will be to the benifit of the company's Growth..
IMHO
Good Luck to You, and All
Always open to sceptisim and honest speculation,
Its what we do..Its one thing to be overly optimistic and its another thing to assume the worst. Many fine lines that we are all going to cross at times. Sheess, if not for this board and the companies transparency, we wouldn't know squat....Glad I know what I know, all is open to interpetation and I can only speak for myself...Im IN..(have been)
BTW, We Start Drilling This Week
To: "Bob Nordberg" <birdmanbob4@yahoo.com>
Date: Wednesday, May 5, 2010, 7:40 PM
Bob
Believe me, we always know just how anxious our investors are, but many times they forget we are under rules and regulations and just because some things may be found out ahead of time doesn't give us the greenlight to do whatever we'd like to do. We are anxious as well but are forced to wait.
All in time.
Agreed Start60, Information Flow is important and am very grateful for the one we have. The fine line you speak of comes from trying to understand it. Rick is correct when he calls your post wise,,
Mis-information is also a battle..But Obvious
We have many good Knowns
Drilling this week, a Big One
The bit does Not lie and assays look Very Promising.
Thanks for the Wisdom
GLTY
Am a Granddad so it relative work from here today, To All Mothers but one, Happy Mothers Day, Guess who the one "mother" is lol
Some posters are getting easier to Ignore. If this was a baseball game the score is like 10 - 0..Katx is scoring points by the day and negativity becomes almost laughable at this point,, to much good in the pipeline, to much good history, to much verifiable DD and to many good options in front of us.
Things are Heating up in Newfoundland...
Right Place, Right Time
IMHO
GLTA
Bio may have to do something about his Kung Fu Kat, Kicking a lot of butt lately. Well, on the other hand, let him Kick Azz..lol
Thanks for The Vale Info, Yes we should not speculate to much but it is good to Know about. Bodes well for a future event. Kat will have even more options now with Lucky, RR and Clifton. Option agreements are not bad things when you consider the costs of drilling and Cornerstone only gives up 10% in the long run.
With NI 43-101 certification looming for Handcamp, doubt they would JV it yet, but the property spinoff fits well there.
Drilling begins this wk at Handcamp
Good things to come for Katx and its shareholders...
Thanks Again
IMHO
Good Luck to All
Speculation is not a bad thing imo, Information is what we base our investment decisions on. Speculation brings up the good and bad options we face. Now Arguing about speculation, is a different story and a bit silly imho. Many different types of Spinoffs and JVs out there, hard on the brain. Most seem to be a win, win for KATX and us. Nice to know we have the law firm we do.
Quite comfortable myself, its spreading.. Can't help but think that Katx Management has our, and their, best interest at heart.
Back at you, Tsk Tsk, you and I know better. I'll call the cops, the detectives will show up LOL
Enough for me tonight
Nighty night
Nothing can Distract from all this, Man ole Man, to da Moon.. Bobs felsic moon thats is...Swimming Pools, Movie Stars
Sorry guys just to many Good going on and I am a Hillbilly fan.
Drilling and now we Know Vale is on the move. Top that off with a shell.
I always was going to take some profits at .99..then I touched it up a bit, now, who knows where this company will be next year at this time,
the next month alone..........
IMHO
Good Luck to All
Test Drills, Vale in play, Spin offs, Jvs..:)
Option Agreement, I believe..120 Wall Street..:) Great Stuff stokes. Some one will now try and change to subject, Watch
Vale in play is a good topic to me
Too Funny LOL, Detective Dag :)
Another Black Eye, Bad Kitty..
That may be Dead on Dag, Dead on, was just reading how investors can be part of spinoffs, JVs etc..
Its A parent Company Thing, Win Win :)
Like this stuff about Vale too..Looks like they are ready to play. Just a matter of when..
GLTA
All speculation, but I think Dag could be a detective...Wont know for sure till the PR but lots learned here and more to come..There are Many different types of JV and Spinoffs as I am learning..Sheess..
Vale is just getting started, You said Bolt..eom
So Cornerstone now has an Opition Agreement with Vale. Vale Exploration of Canada will help prove up the property in exchange for 60% of Mining Profits.
3 yr plan
Vale spends C2,850,000 over 3yrs to help prove up.
If all Pans Out, JV is Signed for mining
Looks like a win, win and smart Business for Vale. They wrap up the property, get in cheaply plus an extra 10%
Vale is now a player in Newfoundland, with the Steads old company and Right next door to Lucky. Also proves agreements can be done before property value is established. Lucky has already been proven up enough for Drilling and so has RR.
Also I Like the different companys Vale is Parent Of "Vale Exploration of Canada", "Vale S.A." and how many more. Sounds Like a Great Business Model to Me. Might even do it with properties within an Exploration Co.
You Gotta Love this, Vale is in Business, Right Next Door..
(more for the Jv camp)(I like the Handcamp spin off too, Both?)
It just keeps getting Better and DRILLING NEXT WEEK
STUDY MIDNIGHTS CHART WELL
IMHO
Good Luck to All
Why did Ken Leave Cornerstone...Maybe to prospect his own land, start his own company and make it big, Just speculation though
Yep Gump, Vale is about to bolt. When the score is 10 to nothing, with drilling, handcamp, vale surroundings, assays, expansion, new properties, 5 mil in financining and 120 Wall Sreet... the competition is getting beat up rather badly, the corner guys are trying to throw in the towel...LOL
Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE) ("VALE"), Its a Parent Company Thing
______________________________________________________________
May 04, 2010
10-08 - Cornerstone options sediment-hosted stratiform copper projects in Newfoundland
------------------------------------------------------------------------
Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that it has signed an option agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE) ("VALE"), respecting its Red Cliff and Deer Harbour copper properties in eastern Newfoundland. VEC will make an initial payment of C$25,000 and has committed to a minimum first year expenditure of C$165,000. Thereafter, VEC may elect to make further cash payments totaling C$75,000 over the first two years of the option and incur additional exploration expenditures totaling C$2,850,000 over three years in order to earn a 60% interest in the properties. The parties will then form a joint venture to further explore and develop mineral resources on the properties, with each party contributing to approved exploration programs as per their interest. VEC will operate the exploration programs during the option period in consultation with Cornerstone
________________________________________________________________________
Hmmmmmm..Just more to speculate on :)
Good Opinions they are to, IMHO lol. Been wanting to say that for a while now..Vale Knows who Katx is..And our prospectors :)
GL Alan, What a month its going to be eh.....
120 Wall Street-Gusrae, Kaplan, Bruno & Nusbaum, Katx's new Law Firm, one of the very best in the business, next door to the Trump Plaza and just a few doors a way from the NYSE. Katx brought in a ringer to deal with Vale and any other Business deals like shells, JVs etc..
No worries from me, we are in good hands and I am comfotable as can be. This is a long Term company, that is going to make it very Big. Just a little more time, nothing can stop Katx now.
IMHO
Good Luck to All and You
And that aint worth much. imho. Vale didnt claim a whole peninsula just for fun..But then they may have said shoot lets just waste 500k of their shareholder money, Vale doesnt take a dump without thinking it through.
Time to kill drilling momentum eh. Frick and frack
this is laughable
120 Wall Street gives me a lot Confidence that any deals will be Good ones. No Devil in the details expected, They Have Quite the Reputation and will do their best for Katx as they do with all their clients I am sure..
There is a calm confidence coming from the longs, I feel it too and have since the share increase, the shell is Icing and
By Golly we Start Drilling Next Week.
Whats not to like, this is turning out better than I could have ever imagined..
IMHO
Good Luck to ALL
Honest sceptisim and tough questions are all welcome, just helps to prove Katx is the Real Deal in it for the Long Haul..
Gotta work some :(
No Worries, Gotta Like the Excitement, like I said I Know that Feeling, Fun Huh....No misleading imo, just your opinion and all are welcome, well except maybe one, but good comes from it too...its one less thing to go through. Like Balihi says, if we all do our own DD and share it, we can base our investment decisions on the best info available.
Drilling for Sure, (and you just have to speculate on the Good Business to come.)
Kephri..... :)
More Good stuff Start60......
IMHO
Good Luck to All
Lets all keep up the good work here...Fun Stuff imo
Agreed Balihi, I Respect Your Opinions, We would be better off to just concentrate on Drilling but our nature is to speculate and get ahead of future events. There are unknowns and many options in the way all this can work out. For now Trust is a key and all the options point to good things for KATX and its shareholders.
Drilling and NI 43-101 is our given and this alone is HUGE
Am all ears to any input you have, Wise you are (beyond me) and that is needed during this small period of time.
GLTA
Nice try Protrader, Know that Feeling, remember it took Edison 1000 tries at the bulb filiment. This board will figure most of it out or find something with efforts like yours.
I think Dag is really on to something. Handcamp makes sense to spinoff with it being the main focus currently. Katx is about to drill, NI 43-101 will increase the value there tremendously.....Think you got that one pegged
But I think there is More to add and it too is right in front of us. Katx is one of the most transparent companies you could find imo and to all the longs here.
JUST a spinoff could be reported and updated without breaking any rules and regulations......Hence my opinion that there is even more to this. The shares speak loudly too but I am not sure how or if they are needed for just a spinoff..But they will be very much needed for a JV to keep a larger % of the profits to come from any mining.
So we speculate, if we keep our heads (who said head?) This board will come very close to figuring this out before it is actually PRd. Fun stuff when we are this close to Drilling alone. Looks like the pipeline is full and near bursting. 120 Wall Street mixed with a shareholder friendly, trustworthy company, means to me my patience will be well rewarded.
IMHO
Good Luck to All
Yes Gumpy, Ken Stead, Even you have agreed he is an honest Man in your opinion...
No arguments tonight, This Company is on cruise control way out of the pinks, I think you and I both know that..
IMHO
Good Luck to You
We Good Bob..Nice Stokes...Good conversations normally get interupted here.
GLTA
Done All The time..Good Business Think I will Trust
120 Wall Street
Sheezz
Thats a good Question,,Before Financing Katx was conducting business under the Hope of a JV to Share the cost of Proving, Drilling etc. So the Value of the property does not have to be determined for a JV. Vale or who ever, has to have the confidence to be willing to help prove and move from there.
And Just for Fun...Vale..seems to have some confidence in the Lucky area....
Thats one explanation.
IMHO
Now Now..TEAM Katx...GLTA..lv an appreciate ya both
Say JV on Handcamp. With Shell..Katx Investors recieve shares in new company say 1 for 3. If you have 3 shares in KATX you will get 1 in new shell....KATX Will recieve xx% of the profits from mining....
To recieve xx% of profits you must pay your Part, sharing the cost of mining, Stock is used instead of cash, hence the shares
Spin off of property, Again, Shareholders get 1 for 3 (Only an example) and katx is the parent company and recieves xx% of profits
Still reading up on all this, this is how I understand it so far, But what I am learning for sure (less a sematic or two) Its a win win for Katx shareholders no matter which way they go, the parent company moves Big.
Drilling starts next week, Big Alone much rather this deal on top of it.
Its fun to speculate, but picking apart some else's opinions or ideas.....Well imho, poor form..Drilling is Major PPS material.
We want it, we want it all now.....Sure we do, But lets remember we are ahead of this game once again....
"We Good", "you'll see", "Stay tuned"
IMHO
Good Luck to All
The shares indicate to me there Is a Jv in all this, maybe a spinoff or both. This Email says NDA to me, which is also leans to JV. 120 Wall Street will be helping I am sure. Patience..Drilling Too.
To: "Bob Nordberg" <birdmanbob4@yahoo.com>
Date: Wednesday, May 5, 2010, 7:40 PM
Bob
Believe me, we always know just how anxious our investors are, but many times they forget we are under rules and regulations and just because some things may be found out ahead of time doesn't give us the greenlight to do whatever we'd like to do. We are anxious
as well but are forced to wait.
All in time.
You Good Dag :)
The Market is a Mess, But Not Katx, We Held Very Well...Right Place at the Right Time for more than one reason.
Drilling scheduled to start next week, bet we get an update on that first of the week. My opinion, but it is something Katx Can Comment on.
------------------------------------------------------------------
To: "Bob Nordberg" <birdmanbob4@xxxxxxxxxx>
Date: Wednesday, May 5, 2010, 7:40 PM
Bob
Believe me, we always know just how anxious our investors are, but many times they forget we are under rules and regulations and just because some things may be found out ahead of time doesn't give us the greenlight to do whatever we'd like to do. We are anxious as well but are forced to wait.
All in time.
------------------------------------------------------------------
Screams of NDA to me and as Bob reminded me, several NDAs are in place..And its hard to ignore Bobs speculation of Tech and Vale.
So the bottom line is IMO is that KAT is about to joint venture with two of the largest mining companies in the world Vale and Tek...... and I believe it will be... on... at... least... (((3))) ... properties... by this fall!
The Story is Real Here, Katx is about to make it Big. Drilling, Jv deal in the works, New Company being formed, with 120 Wall Street working on it....
Good Luck to All