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One thing that hasn't been discussed...that HDSN might be selling for the company. They have a lot coming up, and it's possible there was some selling to fund operations, it's the easy way to finance. Just sayin'.
Shorting is a possibility. Either way by shorting or creating panic selling, they stand to profit by doing what they've done for the last couple months. Either way, I'm guessing whether they were selling or covering, the bulk of it was done in the last couple days.
I think HDSN is done dumping or close to it, didn't see the end of day action but looks like they're moving off the ask. They were selling for somebody big. We all know this stock can go up on lower volume. I think we might see that now.
Once .094/.095 falls it's going to pop to .10. I hope those that sold this AM are back in.
Yep, just like clockwork, there's still time to get back in though, this could run back to .10 pretty quick on nothing, if news hits today or tomorrow .10 will go by in a blink.
No one knows how much buying the MMs did today, I'm guessing a lot. They will start to move this back up, then people will realize what they did and get back in. I've seen it happen more than a few times, I'm not kidding when I say we could close green today.
Like I said, the best thing to do is write supports and resistances off right now. They mean very little. If news hits people will be scrambling to buy back in and we will skip past .10 without blinking.
What's funny is we very well could go green today. I personally think the games are done with this one. MMs are going to let this run back up soon, with or without news. Wouldn't be surprised to see a run back to .10 today or tomorrow.
At this point you can write "supports" off. From here on up it's going to have to establish new supports, starting with re-establishing .08. If this holds today, I believe the dump is done. MMs will make huge money running this back up.
No need to apologize, either way we win with HC phase 2 or RR drilling. Just might need to take up meditation in the meantime while I watch the KATX PPS get slaughtered.
Just saw it, very encouraging. Seeing where KATG is going to open at should be interesting.
Never said they wouldn't drill RR this year, I believe they will as well as HC phase 2. I just said we need to be open to the possibility that HC phase two might take priority over it in the short term, and RR drilling might not happen for a little bit (as in a month or so).
I said they were very encouraging, it has potential to be great. From what I've asked around I've heard our finding were good, not great. I think we'll get the "great" numbers in phase 2.
Don't worry, I'm an idiot too. Great long term potential, just wish I'd taken advantage of the short term trading to increase my position. I honestly thought this was going to be a bang bang play, the only thing that went bang bang was my head on the desk.
Forgot to add, HC results were encouraging for the first phase. Not great, but not bad. Phase two should be more revealing.
Honestly, I think it's a combination of HDSN dumping a ton of shares, stop losses getting hit with longs who have been in from the beginning taking some profit off the table, and the very real possibility that RR drilling might be farther off than we'd all hoped for if HC is going to be the main priority. Like I said, the next week or two might be a gut check. The day we see HDSN finally come off the bid/ask will be a very good day. All IMO.
Maybe we need to be more realistic about the short term and what the company can do at once and be open to the possibility HC phase two is their main priority, which might be best for the company.
This stock goes where HDSN wants it to go, they are selling a ton of shares for somebody. It's disgusting to watch, and to see them at .088 makes me sick, because I think it has a chance of getting there in the next couple days. This could be a gut check week.
That's what concerns me, going down on high volume. I'm guessing people who were holding from a year or so ago took more profit off the table today. I know I would've.
Any guesses on possibilities on bouncing off the 200 day if no news the next few days?
The 200 day needs to hold, looks like we might be hitting it hard very soon.
Wow, this is brutal short term action, on decent volume none the less. I'm gettin itchy, I'm long in this stock but if it continues to drop I'm gonna try to reposition.
There's still 3 months left in the season. I don't know where people get the idea that mining operations in Canada automatically shut down in November, they could go straight through the winter. NL winters are milder than most people probably think. I think we'll see RR and HC phase 2 drilling before the winter snows hit.
They are an exploration company that made a good gold find. PPS went from $.36 to $10.10 exactly a year later, has since dipped but found solid footing in the $5 range, think it still has good upside once operations go to a full bore mining operation. To my knowledge they haven't even pulled the first ounce of gold out of the ground yet.
Why are you noticably absent on green days? BVIG PPS is going to be higher than KATX PPS as it sits right now. Mark this post.
I would have to agree, there's a few MMs in the .15x range but I'd guess they'd move off that after today, I'd be surprised not to see a gap up at the open. Next resistance will be .18x, if it moves past that .24 will come pretty quick. Past that, it's blue sky. All IMO.
I think that everything found at Handcamp would go towards KATG, no matter what is all found there, just like Cabot, which is a promising gold property, will benefit KATX as long as KATX retains ownership.
Man, great gold results and great silver results as an added bonus. Finally! I'm hoping for a nice slow creep up towards .40-.50.
Well, the last time we heard the words "very soon", we got the official PR in two days. I would think that HC results couldn't be more than a few days off.
www.katexploration.com/properties.html
You'll have to copy and paste it to your browser because I can't direct link it. I know that's a lot of work. Then scroll to the Handcamp property summary. They even have Handcamp trenching pictures for special guys like you.
I pointed you in the right direction, I'm not gonna hold your hand. There are many here who sincerely ask for information, you don't strike me as one of them.
One could take it as a sign that lab results were good. As far as PPS, yes this could drive the PPS higher. With the restriction, more shares would've been needed to be issued to cover the distribution and to create free trading shares. Now that all our shares are free trading, there will be less of a need to create that liquidity through additional shares.
Instead of typing an inane paragraph you could've visited the site and put your mouse pointer over a link entitled "handcamp trenching". While you were at the site you could've explored the reasons for the hot fuss over this little mining company.
You think a 6 month restriction taken off shares is a bad thing? Gump, is that you?
I'd like to think Rusty Ridge drilling is not that far off now that phase one drilling of HC has been done for a week. What will be interesting is the things that happen in light of the restriction being lifted off our KATG shares. I can see the makings of possible buyout happening. If that's in the works there could be more drilling done on Handcamp to further prove the property. Although KATX will have to wait, KATG will be money in the bank.
An interesting point in your post about the selling of KATG to a mining company. I've often wondered exactly why KATX would split into a gold company and a copper company. This could be one of the reasons, that the Steads could sell a chunk of their company (KATG) and still have their copper operations. It'll be interesting to see how this all plays out.
You're on fire tonight. I agree, although Vale probably isn't overly excited about our JV, they've made some heavy investments in the area. They've invested in our property, in their own property, and are spending $2B on a huge smelter complex. Those are very real reasons for us to view a Vale JV as important.
A company purchasing a shell as a means to go public is not the rare and sketchy occurance you try to make it seem to be. It happens quite often as a fast track to going public, and with going to the OTCBB they'll have to comply with the added scrutiny, shell or no shell, it won't matter how they started.
Yep at .01, OWVI would have a market cap of $25M. Not unreasonable, it's just not going to happen right now. A lot of growing pains going on and SP has to start looking out for shareholder interests a little more. Stocks with a history of big dilution scare people.
Great post. A good reminder of how big these exploration companies can take off and turn into players in the mining industry. We have land in a stable mining friendly province, huge anomolies in the land we own, a CEO that is shareholder friendly, and the price of precious metals continues to rise. It's still a specualtion at this point, but it's a good one. Proving our properties will take years, and it makes me a little giddy to think about even conservative PPS estimates.
I believe this has been a typical Friday shakedown before the downward pressure eases up. If certain MMs have been accumulating at these levels they stand to profit nicely on the next run up. Look for them to ease off the ask come Monday, no matter what anyone says, I doubt the MMs want to see the PPS much lower to possibly risk a major retail selloff. They don't like to be bagholders either. Also looking at the latest action, I have a sneaking suspicion the float is getting tighter. IMO.