"the results of the ongoing work have strengthened our feelings to a much higher level of excitement and anticipation."
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KAT has agreed to acquire a 100 percent interest in the Cabot properties over a five-year period in consideration of total cash payments of $560,000, which includes a payment of $40,000 on signing and the remaining $520,000 over the remainder of the agreement.
Just wondering, where did this money come from? did it come from a previous pp deal?
Chart of Katx - compare to other otc/pinkys, the Katx's chart is so nice and clean...i like the fact that it takes at least 4 weeks to consolidate (and tightening down) and the signs point to immininet break out. Unlike the prediction from TSW saying that Katx could break out to 0.10, my prediction is that it will break out above 0.20..
jmo...
just to reitterate: Katx chart is very nice smooth(no irradication) long consolidation (I haven't seen any pinky's chart like it)... just looks "beautiful".
Folks, this thing is loading up to for a big run like early may-june very, very soon...every signs are pointing to it...before the end of the month...it doesn't matter what close are at the next number of trading days because soon these prices we see now will be history and we will talk about another HIGHER support level!
I can't wait!
(ps. i'm not pumping, just pointing out the facts)....
Yes, I agree...the chart is saying we are winding tighter and tighter...my guess is that there should be a movement upward before the month ends...jmo
close at 0.10 cent?! that's a quite a big drop from our current posiiton of 0.18... I don't know about that prediction... just my opinion, but i think we'll stay at where we are today and may be close just slightly over green.
having said that, I see a rapidly narrowing considation happening the last few days...i predict before this month ends, we'll be beginning our climb north....
Another sideway trading day...*sigh*!...hohummmm...
when the first drill results come out from the first phase of drilling and they should be positive/good results (as most expect them to be), i think that our pps will rise to the range between 0.30-0.40 (with support being 0.30). And I think these results should come out by the end of July.
So from our current position of 0.18, that's an approximately 66% - 100% gain. Not too shabby for a months work (or in the case for investors "not too shabby for a months wait")...
At the very least today it looks like we will finish "green"; but then again, you never know...some one could sell below the open value just before closing...so far, it looks pretty strong that we will finish green.
sideway trading again....yep, i think nothing will happen until those results come out...divvy doesn't seem to be the motivator for people to buy...(in some way it makes sense, unless it has been proven by the "truth machine" that there is something substantial in the ground, then no amount of free shares will motivate ppl to buy)...jmo.
Yes, it is not a normal day... for me, as all of my mining holdings are in the RED (not only Katx are in the RED but other minings as well)...hopefully, we'll finish green tomorrow...
imo, i think we will continue to be trading sideways until the drilling results come out...
I can answer you why: it is because i just added more to my position yesterday at 0.115 and, now, it is just my bad luck that this thing has gone down! (I'm sure if I didn't buy any yesterday, this baby would be skyrocketing today!)...LOL...
Sideway tradings...i would like to see this jump as much as anybody but, imo, we'll be trading sideways for a while (until the drill results are announced) in spite of the divvy that are being offered....i think we are in a consolidation stage right now...
Imo, we'll be trading sideways until the last week of July which I assume is when the results from the phase 1 drilling will be announced (and consolidation stage ends)...then, look out! ... this baby should rock!
jmo...
Thanks Alan for your opinion! I can't pm you...
Your 8-12 weeks rule, how did you come up with that?
any prediction on when this sideway trading will stop and we moving on up? the chart i'm looking at seems to be pointing to about 3 weeks away before anything big happens (which, coincidentally, is when the first drill result should come out).
btw, the first phase of drilling (group of 3) should finish this week and the second phase (group of 3) should commence. so if the lab takes about two weekes to analyse, we should be able to see our first results in about the last week of July...
any canucks outhere tried to buy tis with td waterhouse? couldn't get any share even at the ask..
I put a bid in last week at the ask, 0.73, on td waterhouse, but did not get one share...which broker did you use?
bvig is currently not fluid / not tradable, I put a bid in recently at the asking price and did not get any filled....anyone has the same problm?
my understanding is drilling has not yet commenced on rusty ridge (they are planning to drill)
the chart is indicating to me that Wolv has been oversold the past trading week. So I would expect a rebound soon that would sustain...
"KATX has a relatively small O/S and a very tight float for a junior exploration company (they usually have to keep issuing more and more shares to stay afloat whilst they explore, claim, prove up and sell their claims, taking several years to do so and diluting all the time to keep in the game). "
Can you explain / explan on the "they usually have to keep issuing more and more shares to stay afloat"? Are you saying that Katx is diluting? Just want to understand you clearly...
I see a consolidating trend happening from June 14th til present. The asking and the bidding are coming closer and closer together, which means, eventually our sideway tradings will end and something big will happen (hopefully somthing like it happen from the beginning of May to the beginning of June).
Look at it logically:
1. We all believe that the ultimate determination of this stock is what's in the ground. What's in the ground is what matters, whether the company is pinkie, otc, tsx, or nasdaq, does not matter if there is nothing in the ground. Even if you "uplift" to otc or nasdaq for that matter, and the stock gains your so-called ligitimacy with investors, and it could rise to $100 pps, but when drilling results comes out and says nada/nil/zippo, the pps will crash. If management believes there is nothing in the ground why bother going through the effort and dishing out the dough? Because at the end, it does not matter. why not stay the same? That's logic one.
2. Logic two. If the reason for BVIG is just to uplift, why uplift only its HC and not its other properties too? Why not uplift the whole Katx? Thus it would not have to not have go through the complication of share divvy/distributions, hire compushare, etc. Make life simple, uplift the whole katx.
3. Logic three: JV with Vale. Why would Vale, the second largest mining company in the world, choose Katx to JV with when it could JV with a dozen other junior exploration companies. Why would Vale choose Katx to do JV? Unless there is a strong believe/evidence that there is something in the ground.
Just some logics to take into account. And yes, you are right, at the end there is risk. But which stock company does not have risk? At the end you have to decide for yourself whether you are willing to take that risk. And I think most on this board are taking that risk.
Its what's in the ground that counts. Doesn't matter what else happens. But there are strong hints that Katx has something good in the ground....
apparently it is common for junior exploring companies to spin off its "gold" properties as another company and acquire another ticker as it gets confusing to value "producing" companies with two or more different commodities.
The positive that I take from Katx spinning off its gold property, HC, into Katg is management strongly believes that there is significant gold in the ground and, one day, to be producing (or JV with a producer such as Tech); otherwise (if there is significantly little in the ground), I doubt that management would spend the money to acquire BVIG shell and go through the efforts that it is doing and will continue to do to (ie. share divvy/disrtibutions, organizational structures, etc).
Hence, the spinning off points to a positive future for Katx and shareholders.
fyi..regarding market makers. I wonder how this will affect KATX's pps going forward
http://finance.yahoo.com/news/SEC-pushes-tighter-rb-2352422438.html?x=0&sec=topStories&pos=main&asset=&ccode=
---------------
Jonathan Spicer and Rachelle Younglai
NEW YORK/WASHINGTON (Reuters) - Securities regulators are moving quickly to tighten rules for market makers and eliminate so-called stub quotes, to ensure there is liquidity during stressful times, according to sources familiar with the discussions.
Aiming to avoid a repeat of the stock market's "flash crash" on May 6, the U.S. Securities and Exchange Commission and big exchanges are eyeing minimum obligations for market-making firms that would force them to submit quotes that are less than 10 percent away from a stock's current price, four sources said.
One of the sources said a rule proposal could come within weeks. Another source said the SEC is trying to firm up the market-making rules before it must start crafting dozens of new rules prescribed by financial reform legislation.
The sources requested anonymity because the talks are continuing.
The flash crash, which is still unexplained, saw the Dow Jones industrial average fall some 700 points within just minutes, then sharply rebound. The bounce rattled investors globally and sparked a handful of rule proposals.
One key response was new market-wide circuit breakers, adopted last month, that halt trading when a stock moves 10 percent within five minutes. The new market-making obligations would force registered firms to quote inside that 10 percent band, the sources said.
An 8 percent quote band is an option being considered, two sources said.
Market makers typically use their own capital to take both sides of the market, essentially buying and selling without taking long-term bets so that investors can easily trade. The disappearance of useful liquidity is seen as a cause of the flash crash.
The crash also brought calls for a crackdown on stub quotes, which are standing orders well off the current price of a stock. Many stubs placed by market makers and others were executed May 6, for as little as a penny.
"(S)tub quotes are not intended to be executed and effectively indicate that the market maker has pulled out of the market," the SEC and the Commodity Futures Trading Commission said in a joint May 18 report.
"We will examine the extent to which market makers used stub quotes to nominally meet their market-making obligations on May 6."
'FRONT AND CENTER'
Market-making rules are "front and center for the SEC now," one source said. Another said the agency's focus on the issue has intensified this week.
An SEC spokesman declined to comment.
I tried to buy on Tuesday but couldn't get filled even though I put the bid a couple of cents higher than the ask. I just wanted to see if bvig is fluid yet; i suppose not yet.
"KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick."
Do you know approximately when drilling will commence? This month? Next month?
What's your reason for predicting 0.30 next week? chart?
Yes, a nice day. Any day that we close in the green is a good day. Hopefully, tomorrow, we'll see it close in the 0.20 (hoping and crossing my fingers)...
thanks for your opinion daggfish...i was wondering about the low private placement (at 0.03) as well...however, i am still holding some, though, taking a beating at the moment....if it moves lower, say around, 6, I may add more...we'll see.
when do you think drilling will commence? this month?
Since all of the recent private placements have been for 0.03/share, I wonder how low our pps can go down before it starts to climb back up? ( i was surprised that it broke through the 50MA).
"assay results come back "
When will assay results come back?
"KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick." June 16 PR
When do you think drilling will begin?
fyi...from the recent BVIG's SCHEDULE 14C:
The proposed Increase is necessary in order for the Company to have a sufficient number of Shares authorized and issuable to the Seller issued in the Acquisition described below. The Increase will raise the number of the Company’s authorized Shares from 70,000,000 to 500,000,000. The Amendment will not affect any of the Company’s authorized 5,000,000 “blank check” preference shares, par value $0.001 per share (the “ Preferred Shares ”).
On June 4, 2010 (the “ Closing Date ”), pursuant to a Purchase Agreement dated as of May 28, 2010 (the “ Agreement ”) by and the Company and Kat Exploration Inc, a company organized under the laws of Nevada (the “ Seller ”), the Company acquired (the “ Acquisition ”) 100% of “Handcamp,” a gold property (the “ Property ”) from the Seller, solely in exchange for 161,000,000 Shares (the “ Purchase Shares ”).
Under the terms of the Agreement, the Company issued 65,000,000 Purchase Shares to the Seller on the Closing Date, and the remaining 96,000,000 Purchase Shares shall be issued as soon as reasonably practical after the Company shall have effectuated the Increase in its number of authorized shares of Common Stock to enable it to issue such 96,000,000 Purchase Shares to the Seller.
THAT an Amendment to the Articles be filed to effectuate a change the name of the Company to Kat Gold Holdings Corp. (the “ Name Change ,” and with the Increase, the “ Amendments ”).
Kenneth Stead (2) owns 67,264,000
RECORD DATE : The Company’s Board of Directors on July 7, 2010
Yes, a sub $2.0 does not make sense right now considering the rev this company is bringing in, but considering the chinese small caps all are being hit big time due to the gov's threat to slow down the economy and the "non-trust" of chinese small caps (i.e. NEP), investors are getting out of the Chinese small caps. Which is too bad for LPIH...(plus the recent turbulence with its CFO does not help the matter)...it will be a while befor this baby turns around, perhaps it might take until 2011?
...jmo...
Looks like we won't have a 20% run like we had yesterday....Lets hope we end the day green today! (if we end the day Green, then we may hit the 0.20 mark and be out of the "teen").
I agree with you. I can almost see the GOLD!
Is it wise to buy at this price? 0.68?
Considering that this is a new stock with little history, how does one determine the value? will it drop or will it fall?
I doubted...then again, you never know...