"the results of the ongoing work have strengthened our feelings to a much higher level of excitement and anticipation."
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I agree with you that Katx o/s is higher than I would have liked, however, I don't see how an RS would help the pps for the companies. please explain...
hate to put some reality into the mix, but in my experience it takes a long time from the time the company files to final reality of OTCBB. One pinky company I have been following that filed for OTCBB took two years for it to finally get there. I hope it won't take that long for Katx to get out of pinky.
Any guess when the reality of OTCBB will come?
I am sorry for your loss HV.
Life is short and brief - seems shorter for the ones close to us.
The bible said our life is like an breath. May you find peace and comfort in God at this time.
a N1-43-101 report due out any day now
How do you know a N1 43-101 is coming out?
Unless the source is from the company, it is just a rumour - just like the Katx RM with KatG is a rumour ... for now.
no problem at all. Normal drop (for this stock anyway) on light volume. Get use to it.
what's the impending news??
Well, i would believe it when it see it....but that's just me.
I'd say a RM is pretty much a given
with all do respect, are you SURE about this RM? So far the RM news hasn't come through any official means nor even stated on the blog.
imo, i would wait for a PR or stated in 8K before we draw that conclusion. I would love to see an RM with KatG, however, i won't put my hope on it just yet.
my hope for katx in the short term is the remaining results from the rr drill program - hopefully, higher concentration of ree.
TD Canadian Web-broker Agent Sucks:
TD has its "holiday" agents in this week, and I got to tell ya, the agents are inefficient and they give you a hard time for buying shares of companies - katx or other companies.
Just my little beef with them. I can't wait till its regular agents are back to work. These "holiday" agents sucks - and some of them can't speak / listen English well.
What's worse if you get a women agent they check every single detail before they place a trade which of course takes time like 10 minutes (I don't mean to bash women). If you get a man agent, things goes much smoother and you can be done your transactions within a few minutes. Just been my experience, that's all.
...just my experience and my beef with broker agents over the telephone this week.
To Prevent Borrowing of My shares and Therefore Stop Shorting:
I have placed all my shares for sale at $2.00 so that brokers can not "borrow" my shares to give to investors for shorting purpose. It will reduce the shorting possibility of Katx. Will this strategy work??
i here ya.
a few more days like today would be nice...it would get us back to the previous support level. rigt now the pps is very volatiles...up 30% one day and then down 39% next day...who knows what tomorrow's trading day will bring - perhaps a down day...
we'll see.
yes, it is nice to gain 33% today, however, it is hard for me to get excited about it since I'm, and a lot others here, are still down big time.
If we had a gain of 33% from the 0.06s, then I would be more excited. Hopefully soon, we ill reach that level again and beyond.
The only good news right now is that we can pick up cheap shares!
Share distro from the Blog (Sep 2010):
The authorized has now been approved and Monday 13th Sept our attorneys submitted supporting documents to the TA for the issuance of the remaining 96m to KATX. Upon receiving those remaining shares, KATX will then proceed with returning both shares certificates of 65m and the 96m back to the TA for Book Entry and the 1-4 distribution will take place. We appreciate the patience of all recipients of the 1-4 stock.
++++++++++++++++++++++++++++
Hopefully, we will receive them soon...
at this point, unless other-wise PR, a merger is just a rumour.
The old post was a dream - o, how we WISH it to be true today!
I agree...we should read posts on ihub and fb with a "grain of salt"
I agree... these info shold either be pr or on the blog...
Thanks for your correction. And I agree with you, I too would take less shares for lesser A/S and to be out of pinkland.
If an RM does happen, do you think we will get the: 1:2 and the share distro 1:4?
If that is the case, it would be great news for us. It would truly be a HAPPY NEW YEAR!
Thank you Rick for inquiring and then sharing with us!
HAPPY NEW YEAR!
Highlights from the brochure:
As part of its growth strategy Kat Gold is planning to bring KAT exploration, Inc. (Pinksheets:Katx) (“KAT”) and its entire portfolio of properties into KAT Gold Holdings Corp.
Partial implementation of this plan has already begun through an agreement formulated in 2010 between the company and KAT whereby Kat Gold has obtained the Handcamp property, a very promising gold and base metals exploration property in central Newfoundland, Canada.
Kat Gold and Kat Exploration Inc. current portfolio consists of nine properties that together total 1003 claims having a combined area of 25075 ha (25 km2). The properties are Handcamp, Cabort, Twilite, Rusty Ridge, Clifton, Shaylee, North Lucky, South Lucky and Collier’s, all of which are located in Newfoundland.
++++++++++++++++++++++++
I "hope" it will become true that there will be an RM between Katx and Katg, it would take us out of pinksheet land. And according to the "Katx-Katg" structure (June 2010), it does indicate that KatG would be the "Parent Company". It is one way of bringing everything under KatG. What we were led to believe in the summer when the structure came out, is Katx would move into a shell company to become KatC (otcbb) and then just be a subsidiary only of KatG - not RM.
If the company chooses to do an RM and it does happen, it will be great news for us Katx shareholders. But one thing that does not makesense: why give us the share distribution of Katg? If we will become Katg anyway, I presume on a 1:1 basis, why give us free shares of Katg???
Hence, I don't put much hope into the info found in the brochure...for now. There are a lot of questions that needs answering before I will "believe" that an RM will happen.
...jmo...
Added another 60K today...that's it for now.... averaged down...
if this thing goes below sub 0.02, i may add more....but lets see what will happen in the next couple of weeks....
PROPOSED KATX STRUCTURE
http://www.katexploration.com/Graphics/KATX-KATG%20Structure.pdf
The IR guy that katx has is not polite (impression i got anyway)...
Rusty Ridge Property
The Results of this phase of the exploration program was highly successful in idenifying coincidental magnetic IP reistivty and soil geochemical anomalies that suggest potential for a body of iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper.
This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.
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As a lot of ppl are already trashing RR, I want to remind everyone that the story is not yet over. The results we received are "Partial" and not complete. Lets let this play out!
And the info above from its website did indicate they have REE - which is what katx found.
imo, RR can still be our big play and i believe when complete results come out, our view will be different. Senior companies may still be interested in doing JV.
"It is not over until the fat lady sings"....
Or in the anology of the hockey, the first period is not yet over and the bad guy is up by one goal...lots of game still left to be played, lets not "hang up our skates".
Rusty Ridge Property
The Results of this phase of the exploration program was highly successful in idenifying coincidental magnetic IP reistivty and soil geochemical anomalies that suggest potential for a body of iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper.
This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.
+++++++++++++++++++++++++++++++++
As a lot of ppl are already trashing RR, I want to remind everyone that the story is not yet over. The results we received are "Partial" and not complete. Lets let this play out!
And the info above from its website did indicate they have REE - which is what katx found.
imo, RR can still be our big play and i believe when complete results come out, our view will be different. Senior companies may still be interested in doing JV.
"It is not over until the fat lady sings"....
Or in the anology of the hockey, the first period is not yet over and the bad guy is up by one goal...lots of game still left to be played, lets not "hang up our skates".
MOUNT PEARL, NL--(Marketwire - 06/16/10) - KAT Exploration Inc. (Pinksheets:KATX - News) www.katexploration.com
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.
+++++++++++++++++++
BOLD = the original purpose of RR.
One more Problem with RM rumour
If RM is happening, why, oh, why would KATX give us the share distribution of KatG?
Makes totally NO SENSE! Lets put this RM RUMOUR to rest and cease talking about it! At this point, it is just an unfounded RUMOUR!
If we FINALLY get the share distro, it will do a lot for investors' confidence in the company...
IF, IF, we can FINALLY get the the share distro, imo, the shares of KATX will also go up.
... so far, regarding the very important items such as the share distro and the great drilling results, KATX has not yet delivered! HENCE, investors' confidence in the company is down...
I agree with you and I'd love to see an RM with KatG but I can't believe it unless it comes through official means rather than just from a brochure...
TWO Problems:
That proposal sounds nice however two problems
1. I would believe it more if it is reported officially - not just from a brochure that claimed it came from the show (how do we know it was not digitally created?)
2. What about the proposed structure plan given in the summer? Katx = KatC etc. It would be embarassing for Ken and the crew to reverse its proposed plan.
congrats!
i picked 40K myself
What is life? Just like Pilate once asked: "What is truth?"
Life, as Jesus said, "I am the way, the truth, and the LIFE". Life is found in Jesus who was born about 2000 years ago....
So Merry Christmas to you and to one and All.
"on earth peace to men on whom HIS favour rests"
ps. Katx will bounce back after the new year!
I hope you're right because i want cheap shares...i've prepared more money to buy more...just waiting where she will end up next week...
Thanks Erock for your analysis! I've missed you for a few months as we have not seen you post here lately!
Thanks for joing the discussion just at the right time!\\
Merry Christmas to you and your family!
My apology, I confused the us market with the canadian market...it is the canadian market that will be closed mon and tuesday...
placed my bid to add another 50k...hopefully, i'll get filled!
Although I am DOWN BIG time - my only regret is I can't buy any Katx today, nor Monday, Nor Tuesday, I have to wait until WEDNESDAY for the market to be OPENED!
HA! *sIGH*
thanks!
love seei..err...reading your posts! lol
Thanks Elcheepo for sharing. Ken being an honest guy gave in to the pressure of releasing the news before the results are completely ready...
... did he mentioned any discussion with CDII and the Chinese angle?
"is pleased to inform its shareholders and the investment community that partial analytical results have been received from two diamond drill holes"
Folks,
this is a partial analysis of the results...not the complete story...I don't know why a partial result is released - some speculate because for "big investors" (ie. CDII or new director) to get in at cheap price - am not sure the reason...
Nevertheless: WE still GOOD!
PS. I'll be buying more this morning...just put in an order to sell part of my other holding to free up some cash! We'll bounce back quickly!
You know, you're sounding very much like GUMP! You guys must be brothers....
Don't worry, this company is NOT worth 0.028 or there about... look at all the other properties they own (such as lucky and shaylee etc...one of them will hit)..
...imo, by the new year, we'll bounce back..
"be bullish when others are fearful!"