Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Vale bought up all the property around KATX's "lucky" property, not Handcamp I believe. In anycase, I am not sure what Jims points are that he is trying to hard to make. Yes there has been old drills done on the site, every single one found gold in good amounts. In 2006, they did a 7 foot drill and found 5 ounces of gold over that 7 feet. That comes out to be 128 grams per ton over 7 feet which is a MASSIVE amount of gold. Anaconda, which is the closest mining operation to us, found 2.76 grams per ton after their test results came back from their test drills.
So you got one 7 foot test drill from 2006 that shows massive amounts of gold, you got surface samples that show massive amounts of gold and massive possible gold target areas. And Jim is some how trying to imply that this property is overvalued because it's been around since 1928 and no ones mined it?
Everytime they do any type of drilling or sampling they find high amounts of gold. It's amazing this property has been "overlooked" for all this time, but it has been and now KATX has it and will be delevoping it very soon.
I think we could easily hit .10 any week now. So I do believe we wont have much problems passing that mark in the short term. Longer term, the biggest player will be us starting and completing a test drill program for one or more properties. When the results come back from that, if they are amazing, then the pps could easily hit 1 or 2 dollars. If not higher. It all depends whats in the ground though.
On top of that, we also got the possible news of a joint venture that might be coming out soon. While this is obviously just a rumor right now, it is based on some very good circumstantial evidence that does indeed support this conculsion. If this does happen, then that would be massive news and could also cause us to go up well over the dollar mark.
So as you can see, there are quite a few different things that could really cause this to go up big in the short to mid term future. There are quite alot of other possiblities too that you should consider as well, but theres really not much downside to this company. They got great properties, that got a great CEO, they are ran well, they arnt making any money right now of course, but they also arnt deep in debt and burning though alot of money either. This is a company that has very low risk with possible high rewards. They got plently of free captial, they got good looking properties that would be very easy to form joint ventures on, and they are surrounded by mining companies that would love to do just that.
A company like this doesn't just decide one day to move to a higher exchange. They have to meet the requirements to move to a higher exchange, even the OTCs have pretty stright requirements a company has to meet. This can take years in some cases to meet all of them.
One reason a company like KATX is not reporting is because they are simply not making any money. Mine Exploration companies do not make money untill they partner up via a JV and start the mining process or sell some of their land. So there is really nothing report right now nore is there any reason for them to spend time with all the filing requirements right now.
There is nothing this company needs to "clear" up. We know EXACTLY what they are doing, and have been doing. We know exactly what they are working on, what their short and long term plans are, we know what their financing status is, we know what the float is, the OS is, the AS is, we know pretty much everything about this company, the direction it's going in and what they are working on. The only things we don't really know are things that really don't matter right now.
Sure, in the future, getting uplisted to the OTCs or a higher exchange is going to be very important, and something the company not only plans to do, but is going to do. The key word here is "the future". KATX will do this when the time is right, and right now that is simply not the case. Even though we are a pink sheet stock, we are a current reporting pink shee stock and the CEO puts out all the important company information. Once KATX partners up with an actual mining company and they start seeing a return on their investment they will filing for uplisting right away. There is no reason for them to do this before then.
Uplisting is a process, and KATX is well into this process, but it's still going to be a bit longer before they complete it.
KATX has already had many "solid" days over the past few months. In the last few weeks we have had alot of days just like this one, back to back even. This is typical of this stock. There have been weeks with out news and we have held steady at a certain price.
While days like today are great, whats really impressive is the fact that this stock has been trading like this for months. This isn't something new. This stock has been trading in very healthy patterned for a few months now and keeps getting stronger and stronger. This stock is primed for another big move up, just need something to trigger it and away we go.
Just incase there is any confusion, here is what it says stright form their site:
The Level II tool displays quotes for OTCBB securities, but it does not display quotes for pink sheets.
They have one for the forums and one for Level 2, I am using the small cap pro I believe which includes level 2. Just make sure what ever one you get has level 2 included with it, because the first 1 or 2 don't have it.
TDA doesn't offer L2 on Pinks, and I believe they don't even offer it for OTC/BBs either. Thats why I use the Level 2 here at I-HUB , its very good and is offered for all stocks.
Good strong day today.We held of nicely on low volume, and finished pretty much unchanged for the day. Still no support levels yet on Level 2, but we held very nice today. We could have dropped or gone up today due to no support or resistance, but instead we held stong at .07 and moved back up to our open today on pretty much no volume.
All and all great day.
Well on Level 2 right now it's showing we have nice support at the .0722 level, and no resistance as far as the eye can see on the upside. Obviously the volume is pretty weak right now, but I think this might finish up nicely for the day due to this. If more volume comes in for the last 30 min of trading this could really move up, but i dont see that as really likely right now, but a nice finish in the green could be in our cards though based on the level 2.
It has nothing to do with TDA, when a stock closes for the day, the MMs widen the spread greatly between the bid and the ask. This happens on every stock and is part of the process of the MMs closing out the day. It means 100% nothing other than this stock is closed for trading for the day.
If you look at the level 2 data here, or on other software or brokers, it will show the same bid/ask. It's not exclusive to TDA. Again it means nothing and is just part of the process. It has ZERO impact on the next days opening price, that goes by the last "offical" trade which was at .075.
I don't want to over shadow your post, but as you can see there is a ton of Asian stock exchanges. India alone has something like 700. We only need to focus on the "major" Asian stock exchanges, which is a much smaller list =)
Asia-Pacific Australian Securities Exchange 1,066,513.2 560,912.8
Asia-Pacific Bombay Stock Exchange 1,082,572.0 171,176.2
Asia-Pacific Hong Kong Stock Exchange 1,945,517.7 970,227.6
Asia-Pacific Korea Exchange 727,125.3 1,050,473.8
Asia-Pacific National Stock Exchange of India 1,019,109.0 506,652.3
Asia-Pacific Shanghai Stock Exchange 2,142,756.8 3,315,768.5
Asia-Pacific Shenzhen Stock Exchange 596,320.2 1,701,256.8
Asia-Pacific Tokyo Stock Exchange 3,478,602.5 2,675,983.3
These are the biggest stock exchanges in Asia, and these are the only ones considerd the "major" exchanges over there.
JVs usually have a joint PR relesed by both companies from what I have seen. For a company like Vale, the news would be tiny, for a company like KATX the news would be MASSIVE.
It wont take anywhere near 6 to 12 months to get listed on an Asian exchange. The only thing that might take some time is meeting the requirements. If it is the stock exchange I think it is, then I believe they already meet most if not all of the requirements for listing on that exchange. This is mostlikely something KATX has been working on for a while too, so they should be pretty far alone in this process.
That beign said, a JV might and could easily happen before they get listed on the new exchange. I don't expect a JV for the next few weeks though, but after that anything is possible. I think Ken still wants to get the rest of the Handcamp results out there. And don't forget, once we get the first batch of samples back in the next 1 to 2 weeks, hes going to send the final batch it right after that. So there will be one more batch of sample results coming in a few weeks down the road. I think any JV will be announced and or take place after these releases, not before.
But anything is possible and it could come at anytime, I just believe it's more likely it will be in the month + time frame.
I take that as a GREAT sign considering hes wrong on average around 80% of the time. I would be slightly worried if he said he was buying into value right now :)
He's been behind on PRs, and was a month behind, but he has since cought up some. He's still behind a bit, as the last pr about Handcamp stated that they sent the samples in, but it really happened 2 weeks ago. So at the very least they are 2 weeks behind right now.
I think we will get listed on the Asian exchange before they announce a JV. That would really rock the pps. I don't believe we are far away from getting listed so...
They have been working on it since day one of this company. Thats what these types of companies do. I am sure they have been in talks with Vale about this, what level those talks have reached I don't know.
But it is pretty clear that they are in talks with them. I don't believe we will hear about a JV for at least a month. You dont release a PR that states "Each new copper discovery on the "Lucky" property lends itself to significantly boosting its potential to a higher likelihood of acquiring a JV partner"
And then come out 2 days later and say you have a JV.
I don't think one is far off on lucky, but I don't think it's going to be this week or next week.
We are not going to get a JV anytime in the next 2 weeks, if we get one, it will be down the road a bit more.
If you would like to find out more, wait for a PR or call the CEO. Simple as that....
You missed the answer. Atlas doesn't own any % of any of our properties. They entered into a 1 year jv deal with KATX that basicly never happened. They ran out of money and the properties reverted back to 100% KATX properties.
Fraud is Fraud, and last time I checked that was still illegal. So unless our CEO doesn't care about lawsuites or anything like that, then I would feel pretty good about this company.
We are not just a pink company, but a "current status" pink sheet, the highest level on the pinks. KATX goes beyond what is required to try and be as transparent as possible. Not only that, we have a ungagged TA, and our CEO answers any questions people ask him. If you are worried that he is "lying" then thats fine, don't buy this company. I am not going to have you come here and bash this company with comments like these:
" wonder if this is a huge wash-trading machine to maintain the pump a dump. It is abnormal to have a big volume like this one, day after day, on Mickey Mouse mineral prospects. You DO NOT see that in similar situations elsewhere. The properties do not warrant this speculator interest. It does not fit."
"This stock is being pumped hard out of Vancouver. Why do you think it has averaged such a high daily volume ? In my opinion this is an orchestrated campaign to pump and dump stock. The Brokers love it and the mo mo players are ecstatic. It's a classic Stock Promotion. "
You clearly have no interest in this company, and you clearly do nothing but bash. The fact that you lable us as nothing more than a "pump and dump" proves quite clearly what your intentions and motives really are.
You still seem to not understand how to read the results already. There is no "if we get fools gold" back from the samples. We ALREADY sent lots of samples to the labs and the results were awesome. And there have been core samples and drill samples done by the gov and other prospectors that have also confrimed good amounts of gold in the ground. And thats just for gold on one property, we have found HIGH levels of copper, silver and gold on our other properties as well.
There is only ONE question as far as this is concered. That question is not "if" we have gold as you seem to like to imply and completely ignore the already published results, but "how much gold". That is the question and that is not a question that will be answered "in a few weeks" as you state. That wont be answered with any certainty untill we get the results back from any test drills.
There is way beyound enough current evidence to show that we have gold reserves and copper reserves. And they all so far indecate that we should have big reserves. Of course we will not know for sure till the test drills are done.
But it's more than safe to say, even if the drill results come back and we "only" have decent numbers on all of our properties (something that is unlikely), KATX is still going to be wroth alot of money and make a lot of money.
Drop it already. Pinks can't just "say anything", they are still publicly traded companies and have to fallow the rules of the SEC. In the offical PR it stated we got 1 million for the first 6 months, and the other 4 million if we meet certian mile stones. It's already confrimed that we have receved a very nice portion of that money and that the investors have been very generous to us.
That would be typcial of these types of deals. Most of the time parties envoled are not allowed to comment on it untill it's offically been announced. Consider what Ken said in his phone call with Stervc.
Ken didn't say he "wouldn't" comment on it when he was asked the question "have you had any talks with Vale". Ken said he "couldn't" comment on it. Basicly he said that he couldn't answer the question and that he wasn't saying yes or no to the question. It was a simple "no comment".
Just wanted to add to your post the fact that not only did out CEO go 23 months with out a paycheck, he also funded the company with his own money while not diluting the stock at all.
How many CEOs of a pink sheet company would use their own money to fund their new company and keep it going instead of taking the easy way out and diluting the stock to pay bills?
The answer is, "almost none".
What has happened here in the past few days really shows how strong KATX as a stock and a company. We have had bashers come in and try their best to knock this down and scare people by digging and digging for something to use to fuel their motives. The best they can come up with are things that happend 4 or 5 years ago that had nothing to do with our company. Everything they have tryed to pull has been quickly and factually debunked in a matter of hours.
Whats funny is, instead of all of this having the desired effect of making people feel insecure about their investments, it's had the exact oppisite effect and has actually made people here feel MUCH better about their investments.
Rusty Ridge has always been a big focus for the company. They have stated many times in late 2009 that they plan to hopefully test drill that one by mid 2010.
Handcamp is there main focus for 2010, but they are not going to forget about Rusty Ridge or Lucky. If Vale or another company hasn't been in talks with them yet about a JV for one or more of their copper properties, A: that would be insanely unlikely to me and B: they would have them forming a long line at the Door to Kens office once they test drilled one of those properties.
Vale knows this, they know if they wait too long another company could come in and JV up with KATX for their lucky property. Vale needs copper and wants copper. IMO they didn't buy up all the land around our site just to sit on it and watch another company come in and do a JV with KATX.
I think they bought up all that land to protect their investment, which is a JV with KATX. That doesn't mean that Vale has signed a full JV contract with KATX. What Vale, if again any of this is ture, mostlikely has done or is planning to do is this. They mostlikely entered into an agreement with KATX that states if the results from test drilling show a economically viable copper reserve, then they will enter into a full joint venture partnership and mine the property. Vale will also mostlikely cover the cost of the test drilling themselves.
If Vale has had any talks with KATX or signed anything with us. This type of agreement will be the mostlikely outcome.
Sorry buddy but the CEO of a company can't just openly lie to investors, that is kind of a major SEC viloation. The PR simply said they sent the samples in, they didn't say when. Ken in a email response to a question said they sent the samples in 2 weeks ago and the lab said they would get the results back in 3 or 4 weeks tops. Ken is not "sitting" on any results yet, and he is not "lying" about it as you imply. The results are 1 to 2 weeks away, when Ken gets them we will get them, simple as that.
The investor of the 5 million dollars doesn't care about the surface samples we are waiting to get back from the lab. Thats not why he invested the money. The investor mostlikely knows about other big things in the work, such as a possible JV and at the very least they already know about all the results from all the properties.
The one thing you can say so far about KATX, the surface and shallow test results they have got back from their lucky property, colliers property, handcamp, Twilite and rusty ridge have been very very very impressive and at the very least warrent test drilling.
Now, we wont know for sure untill test drilling is complete whats actually in the ground. But its very safe to say, out of 6 properties that are showing FAR better surface results then what other nearbyte properties showed that are currently being mined, it's very unlikely that KATX is going to strike out on all 6. Even if the test drills only confrimed a small fraction of what was in the surface samples, KATX would still be able to make great profits from it's properties. And that is something alot of people simply don't understand. Some people here think the only way for KATX to make money is to have some type of record setting mine. Thats not true at all. Companies like Anaconda are making money on sites that have only 2.76 g/t in the ground. So even if our sites don't have the epic amount of gold or copper in the ground that they appear to have, they will still be VERY profitable to the company and make them a great amount over the years to come.
Colliers has what appears to be massive amounts of copper and silver in the ground. Also they have rare earth metals, but are by far not the only one of our properties with them.
Rusty Ridge and Handcamp both have some as well. I don't think any of our sites will have a major reserve of those tpyes of rare earth elements though.
What we do have is properties that appear to have a massive amount of copper, gold and silver in them. Anyway you look at it though we got great properties with a lot of promise.
There is nothing fraudulent going on with KATX. To even suggest such a thing based no ZERO facts or evidence is completely unaccpectable. You have no rights to imply or "assume" KATX might have done something wrong simply because a completely different company that happens to have investments in a KATX property did something wrong years ago.
KATX has done everything by the book, they have reported everything they were supose to, and even more than they had to. Ken him self has openly answered any and all questions investors have had a in regards to this company that he could legally answer.
Yea because you telling us that you "bought in at this level and sold off at this other level" is 100% factual and clearly proves you are telling the truth.
Do you always post negative comments based on no facts or evidence on companies you invest in or is this just a new strategy you decided to start with KATX?
NICE! all i have to say is it's about time! Thanks for the comfirmation!
Amazing post, very well done!
Please do some better DD before responding to post like this. The NI 43-101 IS the test results. That is the format and the offical way a mining company releases those results to the public. It's an industry standard and one that can only be done by someone who is licsed to do so by the canadian Gov.
As I have stated many times before, TDA loves to try and protect it's investors from themselves. They like to hold your hand and tell you which stocks are ok to buy and which ones arn't. I think it's a horriable policy. It's my money, not theirs, and they shouldn't have any right to tell me how to spend it.
Anyone who invests on the pinks or otcs/bbs knows the risks just like anyone who invests in the big board stocks knows the risks with those as well. It's pretty absurd to think we need our broker to look out for us and tell us what is risky and what isn't. So far for me it's hasn't caused me all that much toruble but if they keep it up I might pull my money out and send it else where.
Correct, but what also does not imply to new investors are people bashing this company and saying it's not worth these prices based on nothing.
If you look at the facts, there are other mine exploration companies that haven't mined anything yet, and only have gotten test drills back that show results of ONLY 2.9 grams per ton, when we have found surface samples of up to 202 grams per ton and test drill samples going down 7 feet of 128 grams per ton. Yet these companies are trading well over the $1 mark, and have less impressive results than what we are showing so far.
People need to understand something basic about stocks. Stocks are forward looking. They are about the future. No one is ONLY looking at what KATX is doing now, but what their near term and long term future is as well. Both are very bright. Doesn't mean they will turn out that way, but thats why it's called investing. People are getting in now, not for whats going on today or tomorrow, but for what could happen in a few weeks and a few months out, to even a few years out.
"This is a company trading at 0.08. obviously they have not found anything yet."
We haven't found anything yet? Really? Really? Lets take a look at exactly what they have found so far......
Handcmap
1700 soil samples were collected along the grid at 25m spacings of which 150 samples were assayed for gold and base metals displaying excellent results.
gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au. along with excellent Zn, CU, Ag numbers ( massive to simi-massive sulphides ).A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft)
In 2006, there were drills done down to 7 feet that showed 128 grams per ton over the 7 feet.
These are actual verified test results using industry standard and independent testing. Let's compare these to some other gold mines. Anaconda's mine which is only a few miles away from KATX reported an average of ONLY 2.76 grames per ton in their NI 43-101 report.
UXG, a mine exploration company that went from .40 cents to $3 when they got their test results back only had 2.9 gold per ton from their test results.
We have up to 158 grames per ton in just our surface samples alone. And have found that level to continue down at least 7 feet into the ground. And this is not even counting the other rare earth metals that we found high levels of there too.
But wait theres more facts!
Twilite Gold Property
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold).
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t).
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t).
The Paddy’s Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t).
Wow look at that, more hard evidence of what we have found already....
But wait, we can't forget about our copper property's!
Rusty Ridge
There was an interpretation done by an independent geophysics company from Vancouver, on the other side of Canada, who likened many of the signatures that we are finding to that of the Olympic Dam in Australia. That is actually their words not ours.
A completed 3D inversion modeling of the airborne magnetic data, (can be viewed on Kat’s website) show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a significant concentration of sulfides. Those large anomalies have been determined as future drill targets that Kat would hope to test mid 2010
And then there is lucky, the site that Vale bought all of their land completely around.
Lucky Site
The horizon that hosts the mineralization has been traced for approx. 17kms with copper mineralization at a thickness of 300ft in places and assay results of 2.5% Cu has been discovered in exposed areas in the pit from within this horizon. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt
These are just "some" of the impressive numbers we have found so far. We have gold properties that have 5 to 10 times the gold per ton that other near by properties have. And are copper properties are just as impressive in their own right.
You love to bash this company, and say it's going to go down, and that we "havent found anything yet". Those are nice scare tactics and all, but everything you are saying is based on 100% nothing. Nothing you have said has ever been based on any facts, any proof, any data.
You call me "bias" yet everything I have said, even my opinions are based on facts and the results thus far. It is perfectly fine for you to disagree with me and others on here. There is nothing wrong with that. It is perfectly fine for you to state your own opinions, even if they are negative. Nothing wrong with that either. But what is wrong, and what we are not going to put up with here are the posts you write were you say things like this:
"Kat Exploration has done absolutely nothing to prove any of it's claims and they are practically broke"
That is an outright lie, and 100% incorrect. If you continue to try and misslead people here with lies like this, those post that contain them will be deleted as fast as you can write them. You can debate and dissagree with anything people say on here, but to write posts that contain lies that are presented as if they are actual "facts" is going to get them deleted.
Technically the results could come back from the lab as soon as next week since Ken said they gave him an range of "3 to 4 weeks". Sounds like 2 weeks max, but could come as early as sometime next week!
Also, I am not 100% sure they might wait untill spring. There might not be much snow on the ground right now, or there might be a early snow melt which might give them the time to do the test drilling sooner than that and have the NI 43-101 ready by the spring. Though that would be a "best case" right now though.
There not "ifs", the JVs are "whens". They are coming, only question is "when". If you wan't to wait for the news to hit, be my guest. Keep openly questioning this company, their future plans and how they are being run, all while the pps continues to rise and more great news comes out. I already made 10s of 1000s off of KATX because I saw what the future is for this company and got in very very low. I have no plans on selling a single share for a long time to come.
I was only a day or two away from being an "00" guy heh. Still got a very very nice number of shares right now and already have a very sexy profit.
Heres why your 100% wrong about this being "overbought". The news the past few weeks and the moves the CEO has done shows nothing but complete strength. We already got real-world results, any test drills will not only confrim what we already know, but should show even better numbers than what the surface results have shown.
But the main reason you are wrong is simply this, we will be anouncing test drilling any time now. By the end of spring we should have our results back. For mine exploration companies the time to get in is NOW, not once they get the results back. As these type of companies tend to start their run long before the actual test results come back. And this is exactly what KATX is doing.
Heres yet another reason why you are completely wrong. KATX could announce a joint venture at any time now, with anyone. If they announced a JV tomorrow with Vale, the pps should shoot up in a matter of days to well over $1. So sure, you can try to play the "omg it's overbought" game all day long, but the fact of the matter is there are big things at work behind the scenes here, and they could be announced anytime. If you don't get in now, you will simply be forced to buy in at a much higher price or miss the boat completely.
I love the fact that you even state your self that this stock needs news to keep going up. Yet we got tons of news pending and mostlikely will even get some first thing tomorrow. So even based on your own logic, there is no reason to think this pps wont continue to rise.