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In the end it won't matter, I picked up some at .143 on the way down. Didn't plan on it getting this oversold.
The charts are looking good for a bounce play and we have good room for a run up. News would obviously exemplify the run up also, but it's not necessary for a nice move up from our current PPS. I hope we get some news soon, because the charts+news= blue sky breakout. IMO.
That was a good call at .125, I'm very impressed with your chart reads thus far. I'm also interested in what you look for specifically as far as indicators go. I'm always looking to learn. Thanks for any knowledge you can pass on. Let me know if you'd rather have my email.
I just saw the same info on the Yahoo boards in an email from Jack Zwicker from today (16th). He stated that drilling was done. He also didn't seem to like the speculation that they were withholding results until KATG is tradeable. Sit tight longs, I hope everybody enjoyed the cheapies today.
I agree there's a place for charts. Fundamentals say hold/accumulate, IMO the chart looks to be in limbo, PSAR flipped today, but CMF also looks like it could be crossing over into positive territory in the next day or two, MACD could go either way, and we are oversold. Some good news would make the charts look a whole lot better. I'm still holding, I'll eventually be looking to reposition some shares if the opportunity presents, just not now.
I'm well aware of all the things that are going to be happening hopefully this year. I'm just leary of the short term. It doesn't make a difference to me, as I haven't sold a single share yet, but if this stock continues to slide on no news, I'm concerned other holders might lose their stomach and push this down further, which might affect our next run. I don't think drilling results are that far off, but I'd rather have them sooner than later at this point.
I realize that going down on low volume isn't any reason for alarm. Just getting tired of all these red days, I just hope the news hits this week, it's due. My only concern is that the news is delayed and short term players who were going contribute to the next run up will turn their attention elsewhere. This stock needs to run soon.
In my opinion, now isn't the time to sell. There are no swings to play that are worth the risk, and drilling results are pending KATG becoming tradeble. Everything is ready for KATG to trade, just waiting on a rubber stamp. If you're still having doubts, read the IBox. Some big anomolies in KATX properties.
I just upticked us .001 by slapping the ask. You're welcome. ;)
Between KATG and KATC, I don't think there's a "better" stock between the two. In the short term KATG is going to be valued higher initially and looks like it's going to be the one to pop first. On the other hand you're going to be able to buy more shares of KATC for your money, due to KATC being idle, and that could pay off in the long term. Also it's more than likely that a future Twilight distribution will be based on how many KATC shares you own. In my opinion, KATC is the longer term play, due to the number of properties it owns, but KATG is going to provide more short term profit.
Although I can see why some would rather hold and hope for the best than sell and take the loss, I highly doubt the stock for this company in its current form will ever hit .05 again. In this situation it's more about minimizing your losses than it is holding for profits.
Semantics aside with the relationship between KATG and KATC, I'd venture a guess that 99.9% of us have a larger holding in KATX(C), to which I hope we hear something about RR very soon. Not that I'm not excited about Handcamp, but the copper properties are what have the most earning potential for current shareholders. I just really hope this works out for shareholders.
I'm not a geologist or a CEO, so I have to trust that splitting into KATG and KATC was the right move. I hope to have that moment where I want to take the Stead's out for a beer when it all makes sense. To be honest there have been times where I wondered why that move was engineered.
The future is bright, and we have very good reasons to get excited, but he has every right to be reserved until the value of the property is confirmed and the money from our investment is in our accounts.
A complete evaluation of the property could take awhile, so I hope they don't do that before RR drilling. I was under the impression they were going to be working multiple properties this year. Either way Handcamp drilling should be done or near done.
Are they required to fill your order? Looking at the chart the PPS was below my limit for a good 3 hours, plus a few dips in the morning.
TDA, guess I'll see where we're at on Monday. Maybe I'll even just save it for some KATG (which I hope happens soon, I'm getting antsy, along with a lot of others).
Anyone else having problems getting filled? Couldn't be around the computer today, figured the price might be down a little if no news, took a guess, price spent almost half of the day below my guess, and only half my order got filled. Wonder what the float looks like.
Don't let the door hit ya.
On another note I'm rather pleased the way the PPS is holding, on no news and light volume. It tells you people are waiting, I think this is going to be a very nice run up on good results.
I believe they'll be released when KATG is ready to trade, which could be very soon. IMO they should already have a good portion of the results back.
I think the saying "what's good for the goose is good for the gander" applies to the current relationship between KATX and KATG. Handcamp results will affect KATG more than KATX, RR results will affect KATX more than KATG (lucky for me I have both). Maybe the relationship between the two stocks will eventually diminish over time, but Handcamp is very important for both due to it being the first property being drilled. I think that fact intensifies the relationship in the short term, for better or worse IMO.
I do believe that Handcamp results will have an impact on KATX PPS, however, I think that the results will have a lasting impact from a fundmental and technical standpoint (although I believe fundamentals will be the overall measuring stick at that point for the PPS). I think there will be a nice run up with positive results, and it'll possibly consolodate to a lower level, but regardless the stock will be trading in a higher channel. Whether from a fundamental or TA standpoint, this stock is looking for a reason to run. The run to .25 was on air, on decent results I think a run to .40-.50 on Handcamp results alone is not out of the question. If other things come into play such as very good Handcamp results, RR drilling, or another announced share distribution it could run higher. IMO.
In my limited experience with this subject, it's because distribution shares are looked at as a "gift" by the SEC. To prevent companies from gifting shares to people, and those people or insiders immediately dumping the shares in the market, there are restrictions in place. This keeps some underhanded things from taking place. SEC says, it's a gift..fine, but you're married to it for a little bit, which is fine by me.
Now, you say if drill results are positive, there's no reason for there to be an effect on PPS of KATX, then go on to imply that if results are negative, that will drop the PPS of KATX under .10.
So...which is it? Will drill results affect PPS of KATX, yes or no? Laugh...Out...Loud.
I doubt it's going to be the size of Olympic Dam. If it's even 1/10th the size I'll be ecstatic, as it will be a very valuable property.
If this is just another Canadian mining penny stock, you should have no problems showing us a few others that have the properties and DD that KATX does.
I've speculated about it before with "tradersrule". I think it's a real possibility that Handcamp results will be released the same day, or possibly a day before KATG becomes tradeable. This in a sense will reward those who bought in for the distribution, which I think was the incentive for the entire deal in the first place. If I was able to trade my KATX shares and not hold on the record date, but still buy KATG cheapies before results, it would lessen the importance of the distribution, and would irritate a few shareholders IMO.
What else is new. This stock is walked down by MMs every morning and then let back up after lunch, you're almost better off by not even checking in until after 1 o'clock.
If this wants to churn for a couple more days I'm fine with that, just freed up some funds to add to my position.
This is the calm before the storm in my opinion. You could start to see it in the increasing volume last week. I think Handcamp lab results, KATG trading, and Rusty Ridge drilling are going to happen in pretty rapid succession.
Personally I think where BVIG is trading now is irrelevent, whether it be $30 or $.30. Obviously the people that were able to previously buy shares of the BVIG shell are betting that their shares will be worth more when they become KATG shares.
I think SEC Rule 144 covers it. Distribution shares restricted for 6 months for those not affiliated with the company, 12 months for those affiliated with the company. Again, someone correct me if I'm wrong.
I'm pretty sure the shares are restricted per SEC regs, not KATX regs. Someone correct me if I'm wrong.
That's why I think they might happen on the same date. The results might be announced the morning KATG hits the market. I'm not a conspiracy theorist but I think KATX might already have a good deal of the drilling results back. Like I said I could be way off, either way I'm standing by with powder just in case. I just don't think the Stead's owe it to us to allow us to pick up cheapies of KATG before results are announced, they already gave us that opportunity with the share distribution. IMO.
Absolutely, I think everyone here would love the opportunity to pick up some KATG cheapies before drilling results are announced, but in my opinion that would really lessen the value and meaning of the share distribution, and that goes against what the Stead's have done thus far. I think the Stead's will use the distribution as a nod to those who were holders of KATX on the record date, they could do that by coinciding the drill results with KATG trading. I could be way off, but this is how I see it possibly playing out.
That's very possible. The only thing I could say to that is I'd assume that the BVIG distribution applied to the shares the Stead family has in KATX. If that's the case the family is already in on the ground floor with quite a holding in KATG.
It's possible, but with the way things are starting to look, the drilling results might coincide with the start of KATG trading. If that happens I think KATG will be trading much higher than KATX, and the small price we paid in the post distribution PPS drop of KATX for the BVIG (KATG) shares will be a bargain. It wouldn't surprise me if the Stead's are intentionally planning it this way. IMO.
Also, if drilling results are favorable at Handcamp and a future distribution is announced regarding Twilight, the positive effect on the PPS of KATX could be pretty big, due to people being able to associate a dollar value to the distribution shares. All IMO.
Macd was starting to curl, no update today on drilling, and no name change for BVIG yet. It could be a 15% swing play. I thought about playing it but couldn't bring myself to accept the risk right now, as a positive update on drilling on Handcamp or a drill date on RR will throw everything out the window. Either way he's played the swings well so far, you just have to have the stomach for it, and be willing to deal with the possibility of missing a decent part of a run if it gaps up while you're out. I also plan on repositioning myself when the opportunity presents itself, just not now.
There will be no dillution when it comes to KATC, when asked about expanding the future A/S for KATC Ken Stead flatly said "No", and he hasn't given any of us a reason to not take his word thus far. The only "dillution" that happen will be KATG shares issued (many of them restricted) to make KATG tradeable.
The only example I've heard was BOCX, but I'm not even sure about that as I couldn't find suspension dates. I searched high and low for any hope that this would come back to the pinks, and couldn't find any examples of my own. It seems to be quite the rarity.