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I'm not worried about getting shares from either the HC distribution or from the sale of the properties. They are coming with news. Watch and learn old timer
Nice Job BigOwl47! Ken's getting ready to unleash the Kat!
As I said ealier, we don't know how the valuation was placed on each property (size, claims, something else) and in the end, it doesn't really matter since they came over as one package.
There might be lots of considerations for this note in the filing.
Ken is now setting up the company for his next move. I think it will be very positive for shareholders.
glad I got out of this one awhile ago. This has been a freefall.
getting off the pinks is great. I'm also interested in how value was determined for each property. Did you notice that Colliers cost more shares than the Lucky's? I wonder how this was figured out. In the long run, it doesn't really matter since they all belong to BVIG now.
(i) 38,000,000 Shares for the Collier’s License, (ii) 13,000,000 Shares for the
North Lucky License, (iii) 20,000,000 Shares for the South Lucky License, and (iv) 64,000,000 Shares for the Rusty Ridge License.
go katx/bvig
While I would prefer the option 2 or 3, could Ken realistically or legally not do number 1? I think a straight 5/6 to 1 will occur for the new BVIG shares.
Either way, Ken is setting up the company the way he wants and now it's time for his next moves (financing, JV's, Drill results, distributing shares).
go katx/bvig
News is coming soon ! And it's gonna be good!
Whether we get news Monday, Tuesday, or next week, it's going to be fun to watch.
I'm expecting good results with the rest of rr
I agree homevendor. Now that RR , Lucky are in bvig, we'll get an update soon which will coincide with the share distribution. Good news ahead.
Sorry I was joking! That's what I've read from others.I believe we will never see sub penny again very soon
Of course.IMO . Looking forward to next week. Go Katx
There's going to be a big selloff by many when they get their shares. I can't see all those posters who don't own any shares wanting to own "moose pasture" I see a big bid on bvig at .152, they better take it before it goes to triple 000's. Or else, maybe they will change their mind.
Great find!
Don't worry about me. I'm owed shares too. I'm feeling positive vibes these days
Then uplisting. Along with bvig shares and supportive news probably drilling phase two
Otcbb is not the same as pinks.
They won't bring HC back into Katx . They will put Katx into bvig, a fully reporting co
Katx will be uplifted into bvig. NO rs at all. Bvig is a fully reporting co. Then bvig will drill phase two at HC. IMO
Do you think Katx will RM into bvig before vale picks up the option?
I hope there is good news with the distribution also
did you see the filings? This is what will happen.
The Kat is cleaning up it's filings to move off the pinks. Taking care of old business to conduct new business. Phase II of Handcamp. Moving Katx into Bvig.
The CEO (Ken Stead), CFO (David Barnes), and Chairman of the Board (W. Les Thistle) and Katx all filed.
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I agree.
Getting the paperwork in order and then at least updates on Handcamp Phase II and releasing BVIG shares.
The great thing about the jv with vale is they pay all the money for any work on the property. Katx pays zero on the lucky's. Then when they see the motherlode 300 x 8 miles, a JVwill be signed or a buyout.what will happen to the ops then? The last I saw, government mapsa show the area has a major copper exploration area with Vale claims still surrounding the lucky's.
I think it's 5 billion worth of copper!
Seems pretty easy to follow to me. I could teach my three year old those dots. Thanks to Shorton for the links about RR and the way mineralization is formed in an IOCG.
The potential for growth is huge. If you buy $500 worth of shares at .006, you could jet over 80,000 shares. If Vale decides to turn the Option agreement into a full JV, then you could go to $40,000 if the pps goes to .50, at a minimum, much higher pps possible.
they are probably getting close to the current max from all the dilution. When the numbers come out in the next 10Q, you will probably need to add another 100-200 million from the end of the reporting period.
I think Ken got shares when he bought the shell. He'll get an additional number (1 for 4) when the shares are distrubuted to all shareholders of record. So when I get my shares, and you get yours, Ken will get his. I also believe that Ken won't be able to sell them without there being liquidty in the market. I believe this won't happen until news is released and we all get our shares at the same time .
There's no benefit in selling shares unless someone wants to buy. I've read many posts about those who will sell there bvig shares when they get them . I think both pro trader and elcheepo have stated this, among others, but could be wrong.
Smc
A Multi mineral deposit can be very profitable. Especially when you have an existing infrastructure to get the ore to the processing plant cheaply and quickly.
The great benefit of the Lucky's, handcamp, and RR are they are so close to existing infrastructure. This makes any deposit more valuable.
Good geological understanding of RR. Still lots to hear about from Rusty
Thanks Ernie
I'm resigning as moderator for this ticker. Will occasionally post when something interesting happens.
wow, almost 50 million shares sold and no change in pps. looks like a dilution to me....of course, we know that's what this is since they told us in a pr that dilution would continue to raise funds.
Mappo,
if Vale picks up the option, what do you think will happen to the pps without us knowing how much copper is in the ground? .10, .50, 1.35, or even higher?
Funny. Imagine being in a boat or car and discovering a big copper deposit. Funny indeed. Go KATX.
Great DD on the properties. Thanks for your hard work. I think I will buy more.
I Wonder what dror thinks about Amir buying all those shares?
Posts 8 vol;ume 0
Go ONTC!