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Lol. Have you ever heard of computers. They can track everything, even the air shares. And the MM's have to fix it. If they don't , the sec will get involved. I think alan called it a naked short squeeze. Tinkerbille has posted some links. You should check them out!
The short position is not Ken's problem. The MM's (primarily Nite) are responsible for the short sales, therefore, they are responsible for honoring the 1-3 for all shares they sell. . This is what Alan has been saying for awhile now. It' s nice to see you acknowledge a short position,the only question is: how big is it. If it's small, then it's no problem for the MM's to buy a few shares of BVIG to cover. If it's big, then who knows what will happen to the share price of BVIG. I"m willing to sell mine for $3.50 a share. lol.
The SEC can only go by the number of Katx shares from the O/S.
sell as soon as possible, that's the best advice for a dror property.
Bid keeps rising!
BVIG News
It's just the PR repeated.
Over 300 million sold in the last week and it's down. That doesn't seem too positive to me...get out if you can with a small profit before another RS.
I tend to agree that there will be a quick fire sale of BVIG shares after the S-1 approval. Then we'll go much higher as news about the properties comes out.
Quite a few new nuggets here. Mining for gold! Go katx
Who's on a gong show now? Lol
I agree. The deadline is the end of the month according to the filings to prevent additional shares being spent
Good reading for the weekend!
That's a lot of shares!
N.Lucky not listed but looks like additional work was done on S. Lucky in 2011.
South Lucky Property
The targeted exploration of this Property is also sediment-hosted stratiform copper. The South Lucky Property is approximately 150 hectares in size and is situated on Crown land, north of the community of Port Rexton, Bonavista Peninsula. Mineral Exploration License No. 015995M, aggregating 6 claims, is in good standing.
Quality Assurance/Quality Control .
All of the work completed during the exploration by our parent company and ourselves during 2011 was supervised by a professionally qualified on-site geologist unless stated otherwise. The geologist was present during all of the trenching and related interval chip and channel sampling. The drill core was logged in a secure facility in South Brook. All samples were submitted to Eastern Analytical Ltd where they were analyzed by Fire Assay for gold and for various other elements by 11 and 30 element ICP. Every 20 th sample pulp (30 samples) and a suite of 10 samples that returned high gold analysis were obtained from Eastern and sent to Accurassay Ltd. in Gambo, Newfoundland, a different company, as a check on the results to conform to QA/QC protocols consistent with NI 43-101. Work was completed in 2011 under the supervision of Jim Weick and Wayne Pickett, both qualified professional geologists (P.Geo.) registered with the Professional Engineers and Geoscientists of Newfoundland and Labrador (PEG-NL).
New S1A
lots of new info on Ekom Eye
new s1a
Not surprised. MM's want to keep BVIG low for when they have to cover their soon to be exposed naked positions. This is a sign to me that the s1A2 will be approved soon. IMO.
Currently BVIG is illiquid, there are hardly any shares to trade. Katx holds most of them. Ken has a lot but there have been no form 3's showing any buying or selling from managment.
What Alan is suggesting is that when the S1A2 is approved, then things will change based on the date of 12/21/11. I don't see any evidence from the DTCC about this future possibility concerning shares of BVIG.
I agree alan. Everyone knows that the MM's will be short when the S-1A2 gets approved. Until then, they are fine. I think Bear also needs to look at the way shares are traded, not all of them go through the DTCC. There is ex-clearing where the MM's trade amongst themselves. We may never know how many shares are trading amongst the MM's outside the DTCC.
Just read the filings again.... Properties moved to BVIG by November 2011, S-1 submitted by required deadline and S-1 approved by October 31, 2012. Many doubted that the first two events would not happen. Well,
So far, he's finished the first two. I'm expecting he'll make this deadline also for SEC approval.
This has been the plan for over a year at least.
I think Ken will just let them buy on the open market...why would he accommodate the MM's at this stage? I believe he's been working on this plan for two years and judgement day is coming soon.
I see we're back down to the triple 0's again and fading fast. Just checking in and seeing that Dror is still being Dror..dilution central.
Especially if BVIG/KATX releases positive news to go along with the distribution
Does anyone think this quiet trading period is related to Katx/bvig s-1
that's brutal....and they're using that to promote the property....that's hard to believe!
what's going on behind the scenes? do you know something or not?
what does test results from a 5 gal bucktt mean? Don't they have certified drilling data?
It's in there . Look harder. Do your DD.
Not sure what will happen. Sahota was thinking of working with KATX and cancelled and came here to FIMA. I'm just watching here to see what will happen. I have no shares in FIMA.
I have some 5 gal buckets, can they test my dirt too? I'll fill them up and leave them at the curb, no environmental impact study needed. Can I short this stock...lol
Just checking this ticker out because of manjit...i'm keeping my eye on him. dont' have any shares here. thanks for the update.
smc
I can wait for the S-1 to be approved and will then receive my shares. Good news to follow.
wow, new ceo, but a big drop in pps. What's going on here....and where did everybody go?
nope.
I have my buy order in for .0001
The winds have changed on the good ship SIRG. Stormy weather ahead. Steady mates. We'll get through this.
Good luck with that.
that's right! less than a year left for the option agreement. Do you have any official updates? If you do, please let us know!
Is that a road going right to the property? Looks clear to me!
Less than a year to go on the VALE option agreement.
June 11, 2010
KAT Exploration Signs Three-Year Option Agreement Contract with Vale
Kat Exploration Inc. (“KAT”) is pleased to announce that it has signed an option agreement with
Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE)
("VALE"), on its North and South Lucky copper properties on the Bonavista peninsula in eastern
Newfoundland. Under the terms of the agreement VEC has committed to an initial C$20,000
cash payment on signing and may elect to make further cash payments totaling C$75,000 over
the three-year option period, and may elect to incur a minimum of C$750,000 in exploration
expenditures within the option period to earn an 80% interest in the Lucky properties.
Less than a year to go on the VALE option agreement.
June 11, 2010
KAT Exploration Signs Three-Year Option Agreement Contract with Vale
Kat Exploration Inc. (“KAT”) is pleased to announce that it has signed an option agreement with
Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE)
("VALE"), on its North and South Lucky copper properties on the Bonavista peninsula in eastern
Newfoundland. Under the terms of the agreement VEC has committed to an initial C$20,000
cash payment on signing and may elect to make further cash payments totaling C$75,000 over
the three-year option period, and may elect to incur a minimum of C$750,000 in exploration
expenditures within the option period to earn an 80% interest in the Lucky properties.
I like this part about the acquisition by Katx. " The transaction will take place through escrow whereby the amount of shares released will be determined by the amount of present and future projects."
When Canco brings in projects, they get shares. Sounds good to me.
Looking forward to the impending news.