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Absolutely, Great to be on the ground floor of a find like this isn't it. At this rate I may not take any more profits for a couple of Years,,LOL
My Posts are limited,
Good Luck and Good Day
The luck we don't need so much any more, and imo, plenty of good days ahead.
Good Luck to All
No Hype Just facts as I see them or My Opinion if you will. Let all choose their own investments, I will stay right here. Imo the risk factor lessens considerably with law firms such as this and companies like Vale, Oh yea, did I mention Drilling.....An awful lot of credibility right there, NI 43-101 certification is just plain huge in the Exploration and Mining world...
Its about the Minerals, with Katx's previous JV experience and law firms like this, the corporate end should play out very well indeed.
IMHO
Good Luck to All
Big Players need Big Law Firms, Shows Katx fully expects to be a big player and wants to do it right. And why not, when your dealing with companies like Vale, are about to Drill a property like Handcamp...And have others like Lucky, RR and Twi-lite on Deck.......Makes sense and Shows credibility....Couldn't pry my shares from me...This is going to be one heck of a Ride.
Well worded Daggfish, Rick, Balihi and all.
Great move by Katx for sure
My Opinion
Good Luck to All
Drill results speak for themselves...eom
GCN: http://www.goldcliff.com/files/1262805146.pdf with drill results like this its easy to understand the exodus and the sell volume, not to mention the low volume in general. Sheezz, wonder who prospected that land and why they spent so much money to prove it a dud, test drilling would have been better, what can you expect from a tsx. Something smells here. Decent website to sucker people in. Better companies in the American markets imo.
900k Short of all sold according to the DD. Understandable with those drill results.
What good are Private Placements if Nobody Buys..Them. No money no company, already 5mil in debt. Obviously no one wnats to invest in drill results like those...Nope, just don't see it with this one.
Yes, People are Running from this one. eh! Better than holding the BAG. 4000, buy....That just speaks for its self. If you dont have good properties, can't raise money and management is shakey. Well you can't blame folks. There are smart buys and then there are smart sells. This is a smart sell imo. Get out while you can.
Only Those Who DO Things Make Mistakes, the Rest Sit on the couch (or behind the computer), Judge and are perfect.
Hoooome, My WV Home, Great Summary Rick, Minerals, Property and Drilling equals JV Opertunities. Many Options for Katx
Standard letter kept by the accountant to send with financials. We all know that. Thats How All comanpies do it. Sheezzy
GLTA
Where did you get that picture of Home Sweet Home
Thats True, and one Possible reason, time will tell, Looks like a lot in that Pipeline on top of Drilling Handcamp. We are on the move at Katx, Good properties make for many options and that is important for Exploration Companies.
IMHO
Fun Night
Good Luck to All
HEAR-HEAR, Nice Post
Series A, was for voting rights, Predator Protection..eom
Just helping JB with DD, Got to start somewhere...
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v • d • e
Preferred stock, also called preferred shares, preference shares, or simply preferreds, is a special equity security that resembles properties of both an equity and a debt instrument and is generally considered a hybrid instrument. Preferreds are senior (i.e. higher ranking) to common stock, but are subordinate to bonds.[1]
Preferred stock usually carries no voting rights,[2] but may carry priority over common stock in the payment of dividends and upon liquidation. Preferred stock may carry a dividend that is paid out prior to any dividends being paid to common stock holders. Preferred stock may have a convertibility feature into common stock. Terms of the preferred stock are stated in a "Certificate of Designation".
Similar to bonds, preferred stocks are rated by the major credit rating companies. The rating for preferreds is generally lower since preferred dividends do not carry the same guarantees as interest payments from bonds and they are junior to all creditors.[3]
Contents [hide]
1 Features
2 Types of preferred stock
3 Typical usage
4 Users
5 International perspectives
5.1 Canada
5.2 Germany
5.3 United Kingdom
5.4 United States
5.5 Other countries
6 Notes
7 External links
[edit] Features
Preferred stock is a special class of shares that may have any combination of features not possessed by common stock.
The following features are usually associated with preferred stock[4]
Preference to dividends.
Preference to assets in the event of liquidation.
Convertible into common stock.
Callable at the option of the corporation.
Nonvoting.
In general, preferreds have preference to dividends payments. A preference does not assure the payment of dividends, but the company must pay the stated dividend rate prior to paying any dividends on common stock.[5]
Preferred stock can either be cumulative or noncumulative. A cumulative preferred stock requires that if a company fails to pay any dividend or any amount below the stated rate, it must make up for it at a later time. Dividends accumulate with each passed dividend period, which can be quarterly, semi-annually, or annually. When a dividend is not paid in time it is said that the dividend has "passed" and all passed dividends on a cumulative stock is a dividend in arrears. A stock that doesn't have this feature is known as a noncumulative or straight[6] preferred stock and any dividends passed are lost forever if not declared.[7]
Other features or rights
Preferred stock may or may not have a fixed liquidation value, or par value, associated with it. This represents the amount of capital that was contributed to the corporation when the shares were first issued.[8]
Preferred stock has a claim on liquidation proceeds of a stock corporation, equivalent to its par or liquidation value unless otherwise negotiated. This claim is senior to that of common stock, which has only a residual claim.
Almost all preferred shares have a negotiated fixed dividend amount. The dividend is usually specified as a percentage of the par value or as a fixed amount. For example Pacific Gas & Electric 6% Series A preferred. Sometimes, dividends on preferred shares may be negotiated as floating i.e. may change according to a benchmark interest rate index such as LIBOR.
Some preferred shares have special voting rights to approve certain extraordinary events (such as the issuance of new shares or the approval of the acquisition of the company) or to elect directors, but most preferred shares provide no voting rights associated with them. Some preferred shares only gain voting rights when the preferred dividends are in arrears for a substantial time.
The above list, although including several customary rights, is far from comprehensive. Preferred shares, like other legal arrangements, may specify nearly any right conceivable. Preferred shares in the U.S. normally carry a call provision,[9] enabling the issuing corporation to repurchase the share at its (usually limited) discretion.
[edit] Types of preferred stock
In addition to the straight preferred, as just described, there is great diversity in the preferred stock market. Additional types of preferred stock include:
Prior Preferred Stock – Many companies have different issues of preferred stock outstanding at the same time and one of them is usually designated to be the one with the highest priority. If the company has only enough money to meet the dividend schedule on one of the preferred issues, it makes the dividend payments on the prior preferred. Therefore, prior preferred have less credit risk than the other preferred stocks but it usually offers a lower yield than the others.
Preference Preferred Stock – Ranked behind the company's prior preferred stock (on a seniority basis), are the company's preference preferred issues. These issues receive preference over all other classes of the company's preferred except for the prior preferred. If the company issues more than one issue of preference preferred, then the various issues are ranked by their relative seniority. One issue is designated first preference, the next senior issue is the second and so on.
Convertible Preferred Stock – These are preferred issues that the holders can exchange for a predetermined number of the company's common stock. This exchange can occur at any time the investor chooses regardless of the current market price of the common stock. It is a one way deal so one cannot convert the common stock back to preferred stock.
Cumulative preferred stock – If the dividend is not paid, it will accumulate for future payment.
Exchangeable preferred stock – This type of preferred stock carries the option to be exchanged for some other security upon certain conditions.
Participating Preferred Stock – These preferred issues offer the holders the opportunity to receive extra dividends if the company achieves some predetermined financial goals. The investors who purchased these stocks receive their regular dividend regardless of how well or how poorly the company performs, assuming the company does well enough to make the annual dividend payments. If the company achieves predetermined sales, earnings or profitability goals, the investors receive an additional dividend.
Perpetual preferred stock – This type of preferred stock has no fixed date on which invested capital will be returned to the shareholder, although there will always be redemption privileges held by the corporation. Most preferred stock is issued without a set redemption date.
Putable preferred stock – These issues have a "put" privilege whereby the holder may, upon certain conditions, force the issuer to redeem shares.
Monthly income preferred stock – A combination of preferred stock and subordinated debt.
Non-cumulative preferred stock – Dividend for this type of preferred stock will not accumulate if it is unpaid. Very common in TRuPS and bank preferred stock, since under BIS rules, preferred stock must be non-cumulative if it is to be included in Tier 1 capital.[10]
[edit] Typical usage
Preferred stocks offer a company an attractive alternative to financing. In most cases, a company can defer dividends by going into arrears without much of a penalty or risk to their credit rating.[11] With traditional debt, payments are required and a missed payment would put the company in default.
Occasionally companies use preferred shares as means of preventing hostile takeovers, creating preferred shares with a poison pill or forced exchange or conversion features that exercise upon a change in control. Some corporations contain provisions in their charters authorizing the issuance of preferred stock whose terms and conditions may be determined by the board of directors when issued. These "blank checks" are often used as takeover defense (see also poison pill). These shares may be assigned very high liquidation value that must be redeemed in the event of a change of control or may have enormous supervoting powers.
Sometimes preferred shares can contain protective provisions which prevent the issuance of new preferred shares with a senior claim. Individual series of preferred shares may have a senior, pari-passu or junior relationship with other series issued by the same corporation.
[edit] Users
Preferred shares are more common in private or pre-public companies, where it is more useful to distinguish between the control of and the economic interest in the company. Government regulations and the rules of stock exchanges may discourage or encourage the issuance of publicly traded preferred shares. In many countries banks are encouraged to issue preferred stock as a source of Tier 1 capital. On the other hand, the Tel Aviv Stock Exchange prohibits listed companies from having more than one class of capital stock.[citation needed]
A single company may issue several classes of preferred stock. For example, a company may undergo several rounds of financing, with each round receiving separate rights and having a separate class of preferred stock; such a company might have "Series A Preferred," "Series B Preferred," "Series C Preferred" and common stock.
In the United States, there are two types of preferred stocks: straight preferreds and convertible preferreds. Straight preferreds are issued in perpetuity (although some are subject to call by the issuer under certain conditions) and pay the stipulated rate of interest to the holder. Convertible preferreds—in addition to the foregoing features of a straight preferred—contain a provision by which the holder may convert the preferred into the common stock of the company (or, sometimes, into the common stock of an affiliated company) under certain conditions, among which may be the specification of a future date when conversion may begin, a certain number of common shares per preferred share, or a certain price per share for the common.
There are income tax advantages generally available to corporations that invest in preferred stocks in the United States that are not available to individuals.
Some argue that a straight preferred stock, being a hybrid between a bond and a stock, bears the disadvantages of each of those types of securities without enjoying the advantages of either. Like a bond, a straight preferred does not participate in any future earnings and dividend growth of the company and any resulting growth of the price of the common. But the bond has greater security than the preferred and has a maturity date at which the principal is to be repaid. Like the common, the preferred has less security protection than the bond. But the potential of increases of market price of the common and its dividends paid from future growth of the company is lacking for the preferred. One big advantage that the preferred provides its issuer is that the preferred gets better equity credit at rating agencies than straight debt, since it is usually perpetual. Also, as pointed out above, certain types of preferred stock qualifies as Tier 1 capital. This allows financial institutions to satisfy regulatory requirements without diluting common shareholders. Said another way, through preferred stock, financial institutions are able to put on leverage while getting Tier 1 equity credit.
Suppose that an investor paid par ($100) today for a typical straight preferred. Such an investment would give a current yield of just over 6%. Now suppose that in a few years 10-year Treasuries were to yield 13+% to maturity, as they did in 1981; these preferreds would yield at least 13%, which would knock their market price down to $46, for a 54% loss. (In all probability, they would yield some 2% more than the Treasuries—or something like 15%, which would take the market price down to $40, for a 60% loss.)[clarification needed]
The important difference between straight preferreds and Treasuries (or any investment-grade Federal agency or corporate bond) is that the bonds would move up to par as their maturity date is approached, whereas the straight preferred, having no maturity date, might remain at these $40 levels (or lower) for a very long time.
Advantages of straight preferreds posited by some advisers include higher yields and tax advantages (currently yield some 2% more than 10-year Treasuries, rank ahead of common stock in the case of bankruptcy, dividends are taxable at a maximum 15% rather than at ordinary income rates, as in the case of bond interest).
[edit] International perspectives
[edit] Canada
Preferred shares represent a significant portion of Canadian capital markets, with over CAD 5-billion in new preferred shares issued in 2005.[2]
Many Canadian issuers are financial organizations that may count capital raised in the preferred share market as Tier 1 capital, provided that the shares issued are perpetual. Another class of issuer are "split share corporations."
Investors in Canadian preferred shares are generally those who wish to hold fixed-income investments in a taxable portfolio. Preferential tax treatment of dividend income, as opposed to interest income, may in many cases result in a greater after-tax return than might be achieved with bonds.
[edit] Germany
Preferred stock may amount to up to half of the total equity. Preferred stock is convertible into common stock, but conversion needs approval by majority vote in the stockholders' meeting. If the vote passes, German law requires consensus with preferred stock holders to convert their stock, which is usually encouraged by offering a one-time premium to preferred stock holders. The firm's intention to do so may arise from its finance policy i.e. ranking in a specific index. Industry stock exchange indices usually do not consider preferred stock in determining daily trading volume of a company's stock e.g. do not qualify the company for a listing due to the low trading volume in (just common) stocks.
[edit] United Kingdom
Perpetual non-cumulative preference shares may be included as Tier 1 capital. Perpetual cumulative preferred shares are Upper Tier 2 capital. Dated preferred shares (normally having an original maturity of at least five years) may be included in Lower Tier 2 capital.[12]
[edit] United States
In the United States issuance of publicly listed preferred stock is generally limited to financial institutions, REITs and public utilities. Because in the US dividends on preferred stock are not tax deductible at the corporate level (in contrast to interest expense), the effective cost of capital raised by preferred stock is 35% greater than issuing the equivalent amount of debt at the same interest rate. This has led to the development of TRuPS (Trust-preferred security) which are essentially debt instruments with the same properties as preferred stock.
However, with a qualified dividend tax of 15% compared to a top ordinary marginal tax rate of 35%,[13] $1 of dividend income taxed at these rates provides the same after-tax income as approximately $1.30 in interest.
The size of the preferred stock market in the United States has been estimated as USD$100-billion, as of early 2008, compared to USD$9.5 trillion for equities and USD$4.0 trillion for bonds.[14]
[edit] Other countries
Czech Republic – Preferred stock cannot be more than 50% of total equity.
France – By a law that dates from June 2004, France allows the creation of preferred shares.
South Africa – Dividends from preference shares are not taxable as income in the hands of individuals.
Brazil – In Brazil, up to 50% of the capital stock of a company may be composed of preferred stock. The preferred stock will have at least one less right than the common stock (normally voting power) but will have preference in receiving dividends.
[edit] Notes
^ Drinkard, T., A Primer On Preferred Stocks., Investopedia
^ "Preferred Stock ... generally carries no voting rights unless scheduled dividends have been omitted." – Quantum Online
^ Drinkard, T.
^ Kieso, Donald E., Weygandt, Jerry J., and Warfield Terry D. (2007) Intermediate Accounting, 12ed John Wiley & Sons. ISBN 0-471-74955-9 p.738
^ Weygant, et. al. (2007) p.738
^ Drinkard T.
^ Weygant, et. al. (2007) p.739
^ Harvard Business Services, Inc. Accessed February 23, 2007
^ According to a Quantum Online table
^ Basel Committee on Banking Supervision [Minimum Capital Requirements http://www.bis.org/publ/bcbs128b.pdf] Accessed 2007-1-12
^ Heinkel, R., and Zechner, J., The Role of Debt and Preferred Stock as a Solution to Adverse Investment Incentives, Journal of Financial and Quantitative Analysis, Mar 1990, 25(1). Retrieved from ABI/INFORM Global – p.2
^ FSA Handbook, PRU 2.2 Capital resources Accessed July 31, 2006
^ CCH Incorporated Marginal and Effective Tax Rates Accessed September 18, 2006
^ Standard & Poor's [1] 2009-08-27
[edit] External links
"The Many Flavors of Preferred Stock" at About.com
10500 volume!! printer but No volume, maybe stock buy back to increase vol lol. lots and lots of bag holders here. $2300 day sheeeeeeeeeeezzzzzz
You ASSUME numbers, in and out, fuzzy math.
Well Gump !!! Anything, Parking lot Empty...Handcamp is about to drill. Seen that claims map (look up Claims Winkopedia) other companies love that area too and it begins at hand camp. You use fuzzy math, didnt work for gcn. The second largest mining company in the world is all around us. Lets talk Mining, drilling and minerals too..
Thanks 911, Gump you speak of Old News...EOM
Minerals, Drilling and JVs Anyone..
JB, Series B Preferred... JV #1, Thanks....
Gump, Yes outstanding increased, Months Ago, Very Old news. And it has not increased since as promised. Did you not get the memo.
Competition, Sheess, they just never want to talk about minerals and where you find them.
http://www.katexploration.com/Graphics/properties/Handcamp%20Gold%20Property/Handcamp_Soil_Samples.pdf
Handcamp would be a good start. As a good board and company to compare with, try gcn..tsx. Compare to Katx..
GCN:tsx 5mil debt, real 504, 900K PPs that cant be sold, poor drill results, Bad proprerties
Katx. No Debt, No Outstanding 504, 5mil Financing, Vale proves lucky property, We Are Drilling Handcamp after very good Assays.
Trade On
Seconded, Nice Relikwie, Very Good Stuff..Minerals, Results!
Like that Map Rick, Thanks, Sure looks as if everyone is following something. And it seems to start right at Handcamp.
Neighbors are a good thing, just like Vale and Lucky it gives us credibility and resourses close at hand, Good for potential JVs. Wonder if any of our NDAs are with any of those Companies...
IMHO
Good Luck to All
Its about the Minerals.
91k volume trash talk? LOL. Almost 5 mil debt, PPs that aren't bought up, Dilution and a burn rate that will hardly feed the officers of the company. Only one poster talking trash here imo.
Look at those drill results, no big bounce, now 91k volume. guess the market is making a statement about this one, Buyer Beware Here...IMHO
A post worth revisiting on Sunday night, Er0ck I hope you dont mind. The past can inspire Trust for the Future..
My 2 cents to add is, Drilling, you just cant under estimate the importance. Minerals, we have the cash to prove them and more in the pipeline to keep going with Exploration.
And, Real Posters dont fight with Girls in private, the parking lot is here on the board. TSK, TSK, TSK
GLTA
__________________________________________________________________
Posted by: Er0ck Date: Friday, April 16, 2010 3:09:24 PM
In reply to: gump90 who wrote msg# 35111 Post # of 35481
You still don't seem to be able to grasp the fact that this is a small company that is in the process of growing rapidly. 1 year ago we had no money, no one was interested in our properties, and we were still a good bit away from getting them ready to be test drilled.
Fast forward 1 year and we have 5 million in financing, we bought 2 completely new properties, one that is far bigger than any of our other properties, we greatly increased the size of our other major properties, we are about to start a full test drill program on our gold property, we have many interested parties who are in talks with us most likely about JV or buying properties, our pps went from .002 to the .06s with spikes to the .09s in less than 6 months, we are getting ready to uplist very soon and become fully transparent.
We have done all of this in less than 1 year. Thats pretty damn impressive for a pink sheet company. Whats more important is our CEO said we were going to do most of these things a year ago and he has kept his word and done exactly what he said he was going to do.
All that being said we are still a small company that is in the process of growing. You are not going to know about 100% of everything they are doing or have done while we are at this stage, on the pinks, and are at this size. Very soon, when we uplist, everything will come out, details will be flushed out, and the final questions will be answered.
It is completely crazy to think that you should know every little detail about a company that is listed on the pink sheets lol. Why you for some reason expect that we have every thing out in the open when 90% of pinks don't even come close releasing as much information and keeping investors informed as we do is beyond me.
Further more, every day you ask the same questions about this, you bring up the same talking points, you say the same things. You do this every day, every week, every month until you come up with another question which you then do the same thing all over again.
I can think of no other reason for you to be this redundant other than your trying to cast some type of shadow of doubt on this company.
Very Good Read, Like the Attention to Detail, No Broad Strokes there....Katx is hinting in that direction from the PR imo, M/A seems to be big in Mining Now, lets smaller companies compete better, We could M/A one property at a time. and become very Big, Smart Business.....Notice Companies like Rio Tinto also dual list....Kinda like Vale and KATX's Prospecting.....
Good Prospecting got us this far, Experience in 11 JVs bode well for the future.
Thanks JB for the links, there has to be an awful lot of good information on Newfoundland Mining and Business in those. As usuall, you provide more good than bad, imo. Glad it didn't take to you to long.
Its good to Compare, makes KATX look good. Its about the Minerals too, DRILLING...............Felsic VMS and Good JVs.
IMHO
Good Luck to All
Not to mention the Bag Holders, 91k volume, well lets say I am glad I Did my DD here. Maybe they could invest in another company lol, One that has good prospectors, All scams have soft landings for the Board members.........
Your Fine, Rule is, Attack the Message, not the Messenger...Props to Bio, Smart, level headed and some great DD for all of us here at The KATX Board...Rhetoric frustrates the Good...But the Good and Good Companies win the Wars..Here is an example. GCN a Exploration Company on tsx is great to compare with Katx. Check out their board on ihub and compare to Katx....Makes one appreciate good management and good Properties, 5mil Debt, Dilution and very poor drill results. Compared to Katx, no debt, no dilution and properties, assays and Vale speak volumes about Katx's Prospecting abilities and its future.
Its about The Minerals, We got them and are proving it, and others want them considering the NDAs we have. Drilling and moving forward. Bet Libbie Agran Finacial Services did some DD, 500ml equities and 500k min for new accounts. Like the man said 35k aint alot, but it is a good start....
Smart man Balihi, great posts. Good point Dag, Options....
Been a bit grumpy lately, Apoligies
IMHO
Good Luck to All
Blue Skies
Here New Guy, Yes VERY Defensive Board, with Great DD if you take the time to read it, Notice the Date on this post. Will even underline the important parts for you. JB doen't miss much. Must be the 50th time this issue has been brought up.
Jb also gave you a price list last night to give you the exact price on specific dates, this info got scrambled.
Er0ck..The patients of a Saint, really great posting.
Posted by: Jim Bishop Date: Sunday, January 31, 2010 5:31:32 PM
In reply to: Jay Jay who wrote msg# 19441 Post # of 35361
It was one trade of 200 shares at $11 on May 13/09 while it was still WSTT. It's meaningless.
WSTT became KATX on May 15/09.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=05/14/2009
KATX
open high low close change volume 06/10/09 0.3800 0.4089 0.3600 0.3700 -0.0300 60,397 06/09/09 0.4900 0.4900 0.3800 0.4000 +0.0000 34,770 06/08/09 0.4100 0.4700 0.3500 0.4000 +0.1000 397,378 06/05/09 0.3000 0.3000 0.3000 0.3000 +0.3000 2,000 06/04/09 0.0000 0.3500 0.3000 0.0000 -0.3000 0 06/03/09 0.3000 0.3000 0.3000 0.3000 -0.0500 1,100 06/02/09 0.3500 0.3500 0.3000 0.3500 +0.0000 5,024 06/01/09 0.2899 0.3500 0.2899 0.3500 +0.1100 9,100 05/29/09 1.2500 1.2500 0.2100 0.2400 -3.1300 516,318 05/28/09 0.0000 5.0000 1.7500 3.3700 +1.3700 0 05/27/09 1.2500 2.0000 1.2500 2.0000 +1.2300 750 05/26/09 0.0000 1.2500 0.3000 0.7700 +0.0000 0 05/22/09 0.0000 1.2500 0.3000 0.7700 +0.0200 0 05/21/09 0.0000 1.2500 0.2500 0.7500 +0.5000 0 05/20/09 0.2500 0.2500 0.2500 0.2500 +0.1000 500 05/19/09 1.2000 1.2000 0.1500 0.1500 -1.8500 5,500 05/18/09 2.0000 2.0000 2.0000 2.0000 -4.5000 2,100 05/15/09 0.0000 11.0000 2.0000 6.5000 +6.5000 0 05/14/09 0.0000 11.0000 2.0000 0.0000 -11.0000 0 05/13/09 11.00 11.00 2.00 11.00 +11.00 200 05/12/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 05/11/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 05/08/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 KATX open high low close change volume 05/07/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 05/06/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 05/05/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 05/04/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 05/01/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/30/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/29/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/28/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/27/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/24/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/23/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/22/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/21/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/20/09 0.0000 11.0000 2.0000 0.0000 -6.5000 0 04/17/09 0.0000 11.0000 2.0000 6.5000 +6.5000 0 04/16/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/15/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/14/09 0.0000 11.0000 2.0000 0.0000 -6.5000 0 04/13/09 0.0000 11.0000 2.0000 6.5000 +0.0000 0 04/09/09 0.0000 11.0000 2.0000 6.5000 +6.5000 0 04/08/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/07/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0 04/06/09 0.0000 11.0000 2.0000 0.0000 +0.0000 0
Investigation? Thought Bad Drill Results, Dilution and Debt killed this one. 91k volume....RIP.. Its about Minerals in this business....Didn't have them I guess and spent to much to find out. Bad management...All scams fall apart eventually
Great Board, Great DD, Great Minerals, Fantastic Future..eom
Competition, Sheess, they just never want to talk about minerals and where you find them.
http://www.katexploration.com/Graphics/properties/Handcamp%20Gold%20Property/Handcamp_Soil_Samples.pdf
Handcamp would be a good start. As a good board and company to compare with, try gcn..tsx. Compare to Katx..
Ok JB, Regulus and gump VMS, surely with that wealth of information you can school us there. No answers. More DD required
VMS Is what most experts look and pray to the mining gods for, thought the three of you would know that..
Minerals, Its where you find them that counts
Drilling......Also to the new guy, The lab who did assays is not independent, back to the stick thing huh...
And Felsic Vms deposits are where you find it, No.1 in Newfoundland, in the highest in canada and thats the vms, not felsic vms, felsic is rare out of the 857 deposits world wide, as you say, drilling will prove all,,,Gold and minerals are where you find them, Katx seems to have some good prospectors...Drilling!
As posted before and you well know, test drills can be done before study
http://www.ircast.com.au/conferences/acc10/sfr/presentation/player.html
Good enough for Sandfire and bigger companies, good enough for Katx. May pay special Attention to slide 24 and up, since you are retired you may not know of the importance of VMS, and ours is Felsic.....Live and learn, huh
Katx will drill, and will post NI 43-101, and you must know the importance of that at least
Yes Here you Go post #27905 by Rick UK. Complete with map.