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Do your research. This is a big scam and Durando has had previous run ins with the SEC. The last one he paid a fine for a pump and dump. He has never got a product off the ground and is a consumate con man. He uses big name Colleges and pays them to make it look like they are legit. The guys smart but all you are getting is worthless paper and that is what Ron is selling you. Stay away from this garbage unless you are here just to scam a bigger fool!
If you do the math in the example that would make KATX a $100 a share. Yes, with 603,220 shares that would definitley change my life and that of many others. Actually, $5-$10 would allow me and my wife to retire comfortably and get her the new house she wants. At that point anything I got for BVIG would just be icing on the cake. Since no one but Ken and a few select people have any clue to what we really have I suspect we will all be very happy or very sad within a few weeks. Folks like me deep underwater I suspect are a bit more impatient and rightfully so. We got to the party late by invitation and right when we were having fun the DJ and hot girls all left. I'm waiting for the party to get going again.
According to Pope this is a life changing stock. I hope they feel that way and only have 50,000 and need $5 million in value to consider it life changing. I'm sure that comment means much different things to people on these boards. Any way the effort and cost and communication from Pope is appreciated. Heck at least it is something positive to hold onto and the actions today and this week will either back up or discount the positive comments. Best to all longs. THIS is my only allowed post on Ihub because I was a bad boy fighting the bash brigade, which for some reason still remains? Go figure. On at Yahoo.
Rick- I don't think we should be buying anything at this point. I don't see that we have a ton of cash. We don't seem to be able to handle drilling and working all 8 properties with both companies as it is. We need more cash and man power. I'd prefer to see some success and cash flow from what we have now. I surely do not see how buying a mine so far away from what we have makes any sense. Now maybe if it was close by our gold properties and they could share processing it might.
Also, very disappointed as a under water shareholder that we get no news it seems this week about RR or anything regarding the show. I feel let down by management. Maybe if they set the agenda with general time lines and expectation it would have helped. Instead, many bought the hype of a $3 stock by year end while we are at .07's. I own my own decisions and bought and held unlike many of the so called loyal longs. Oh, well go big or go home as they say down south. Thanks for keeping it real.
I agree the statement made by Splash was not wise. If he's knows something more than the rest of us and was told by someone at the Co. and blabs it over the BB then he puts all our investments in peril. I went through this a few years ago with a Co. and saw the CEO let go and a million dollar SEC fine along with other cost.If he is making it up then it tells you something about his moral character and you wonder what his motives are. Well we saw the outcome yesterday. Being down huge already I really do not need his help. (THIS IS MY ONLY ALLOWED POST)
ONly one post for both boards. Guess you saw this? PKP, I am convinced that there will be no samples from RR.
I think that there could have been delays, but I know that as of monday nov 1st, they were still drilling the first hole.
Ken will not have samples from RR, he simply cannot show anything before the cores are sent to the labs and the results available there after.
I can wait...
So, how does he know this? I saw no blog or PR did you. This is troubling that some have information not given too all and why the promised blog updates I guess have been quiet. Off course this person could be playing games and wanting cheaper shares. This is why IMHO they should have given a broad timetable with a fudge factor for delays. So much for transparency and this again brings up credibility of management. Now some have a saintly view of the Stead's and I'm not one to throw stones since I do not personally know them, but to those like myself who bought up on the pump and now find themselves down big time I find it hard to have faith in them at this point since the expectations have so far not come anywhere close to the reality. Maybe all the great DD, with limited knowledge of mining and the odds of success are not helping either. Off course the comparison to OD,Voisey Bay, Duck Pond etc. along with the 3 companies our attorneys worked with becoming overnight huge gainers has not helped put any damper on huge expectations. So we carry on and hope for the best. Good luck to all longs!
I sure hope it is better than yesterday! I do wonder when they will start drilling on phase 2. I'm assuming before month end, but maybe I'm being overly optimistic like I have been about the stock price! This has been pretty darn dressing for quite a while. We Good has lost its luster and needs to be proven and just not a catch phase.
I don't no anything since they are not talking to us. Again, why start a blog, promise to update and then not do anything? Does that help or hurt your credibility? Now if you are not going to update the don't promise to do so. Is that so hard to comprehend?
So all this leads to now is more speculation as to why no news. A general statement on stage of completion and broad idea of when the assays will be complete is all that is needed. I'm not sure Very good has any meaning anymore. Maybe we need a Very, Very, Very infinity Good.
LOL
The chance of this hurting their credibility,and affecting the moral of shareholders is non-existent,because not all investors share the view points of IHUB posters.
I strongly disagree. It is evident on the KATX page that many feel the promised blog is important. If not updated it shows it was an empty promise and maybe should not have been made. IMHO, I think it would help if they gave us a ballpark time frame with a fudge factor. I find it funny that the self righteous say sell if you have to be updated. Funny thing is I'm betting they are not underwater like me and many others who just maybe a bit more concerned and these samefolks probably traded while pumping and wanting others to buy and hold. So when the buy and holders get these remarks it is like a real slap in the face since many were told about KATX by friends and family. Yes, call it hand holding or whatever you want, but a promise to update that goes unfilled does hurt credibility!
I think all many are saying is this was not handled very well. It looks like it maybe close to the restriction time any by the time we get the shares and that maybe well and good since by they we should have a better idea if HC is feasible or not. Point is how it was set up to begin with was bad since there were few trading shares. I guess if the first drill was huge then those few holders would have been happy. Was that on purpose that they would get first dibs on a big find or a mistake? So they release the restriction and then find out it is not so easy to do so. So in the end IMHO it hurts their credibility and hurts the morale shareholders. It also offer the Fudsters constant ammo. So, let's get the RR results and all retire as millionaires. Wake me up when we get there.
I suspect some outside influences and maybe by the more liberal bent NY law firm. At this point I'm not so impressed, and with the problems we have had with the BVIG shares they look spotty at best. We definitley need a big win in my opinion to bring back the air of credibility. Many here gave the Steads the benefit of legitmacy since a friend referred them to the stock and the DD done by the posters. Since mineral exploration is a blind investment to many here they feel like they have been pumped and dumped. This is not to say that the Steads had anything at all to do with it, but more likely the shark MM and some posters were involved. Either way the damage is done and credibility hurt due to it. We need a big win. Many here were taken in I believe with a bit of gold fever and the comparisons of Olmypic Dam, Voisey Bay, and the examples of what happened to 3 companies the law firm worked with share price spike. While all or some of it could still come true in one respect or another it does make one dream and block out some possible harsh realities we are dealing with now.
Rick it seems Ken has some lofty goals as you say. The Carbon credits I feel are not viable at least in the US this idea is waning and seen by many as a shell game. Not sure what happens to the Asian markets, but with the problem we are having with our own best to wait on that I guess. It seems to me he might have bitten off more than both manpower and funds allow and is moving slower than anticipated. I'd prefer just to see RR drilled, the second phase of HC drilled and get our shares at this point before year end. IMHO we need some success to get us going and attract boyh individual and big investors interested in funding,JV's, or buying part of us out. Heck, give me $5 per share and you can have the whole ball of wax! BTW thanks for your great post!
i'd ignore the one who brings up the same subject every day. HDSN still on the ASK on Katx but did bring their BID up a penny to .06. The next few weeks should be interesting. I hope us longs get some well deserved good news and that KATX makes history in Canada.
Yes, would'nt it suck if they sell HC for $1 and you could have made a $100,000 or more but chose rather to bash? I would just feel sick of the thought of you missing out on all that money.
NOT!
Yep, the dollar is down yet again as the US hopes to inflate it's way out of their mess and at the same time deflate our currency to boost exports. It is a fine balancing act as they do not want interest rates up since this would hurt our debt situation, stocks, and the overall economy. As it is now we are more deflationary and they are trying to avoid that at all cost. It will be interesting to see what happens with a partial regime change. I'm not sure anything will happen except spending possibly being cut and some plans being defunded and therefore halted. That in itself could help the market. Not sure if it changes our situation at this point. I say let's get going why the iron is hot and if HC phase 2 proves up let's unload it to pay off shareholders and provide future funding assuming it would not be feasible for us to try and get into mining it. Maybe we can get .70-$1 or more per share or more?
Rick- you are just to nice to these bashers. Great news on the drilling starting today. I'm banned and only get one post here now. Thanks for all your upbeat and informative post. I hope we are all rewarded big time and become instatnt millionaires on RR results!
So they just have to get them to us before 1/12/11 to do better than expected with the restricted shares. I'm guessing since they were not ready for the first announcement of drilling results they will waiting for more news like suceess on RR, the second phase drilling staring or results or maybe Twi-lite shares. All I know is we need something to ignite both stocks because we are in the crapper right now and like you I'm down big time, but would not think of selling with RR about to tell us what's underground!
I agree they do own the property and this was brought up in regard to the Cabot property also. We wonderered where it would be placed due to the supposed high gold content along with other minerals. Ken said KATX. The only one I have herad even mentioned to go to BVIG is Twi-Lite and no one has really talked about that much. I'm assuming with all the trouble just getting Kat Gold off the ground that one will be sometime next year. I think like most people we want to do alot more than time and maybe money will premit so they have slowed things down and just focusing on the main two properties at this point which is fine with me. I just want one in the win column and to see the stock at $1+. Gold, Copper and Silver are all looking real strong!
Can't wait to see RR drilled and later BVIG shares in our accounts. It will be nice to see six figures again!
Thanks for beating down the bash Rick. With the uncovered sales at 67% of all trades on Friday I figured the bash machine would be going full blast as they attempt to get KATX down before drilling results come out. Amazing how cheap they are that they are not willing to pay .08 to makes possible dollars for .02, but I guess they are just non believers and only see this as a day or momnetum play and that is it.
Do I see yet another new MM- INTL? This is my only post. Did everyone see this?
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, KATX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending September 4th
+30 New 3 Month High in May
+55 Total Score
We have finally turned positive so I hope this protends good news!
Cooper hit $3.70 this morning, gold $1317 and silver over $22. Then I saw this that just went positive in a very long time. Maybe we have hit rock bottom and are on the way up soon!
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, KATX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending September 4th
+30 New 3 Month High in May
+55 Total Score
Solid it has been a month since the last PR on RR. I realize that last week was the blog on weather and if it is not a concern then it is not an excuse to slow drilling was my point. I just hope we get news soon on both stocks to ease our worried minds. Well, at least for some of us underwater big time. Drill baby drill!
Saying they iniated and doing the actual drilling as we have seen are very different. It maybe on their 'wish list' of things to do, but it seems they are only drilling one property at a time and we really have no clue about funding other than the recent grant and the $1 million they originally had. We have not heard anything about the other $4 million being released. Reason would tell me if they did have their hands on $4 million they would be drilling both HC phase 2 and RR at the same time and maybe more. Now if you had limited funds and needed to conserve cash or are just super conservative you would move slower like we are now. This is just an opinion and my only Katx post for today. Being it is fall now this spring\summer drill mentioned is past and therefore I can only assume it is most likely on the back burner. I think sometimes management assumes certain things will happen that do not or are overly optimistic. Priorities also change with circumstances like good drill results on HC that may take resources for phase 2 and put it ahead of other properties.
It might make sense if they were buying, but they seem to have been doing nothing but selling for 3 months.
I guess it would depend if we did the deal ourselves or did a JV as to what profits and therefore the stock price would be. I just wonder how long after the second drill phase if successful it will take to see that kind of stock appreciation. At this point I'd just like some news on drilling starting somewhere. It has been about a month and they did say that despite the Hurricane things would not be slowed up, but still no news. I hate these long silent periods that allow the bad guys to take down the stock.
Yep, I'm more than fully invested and bought more this month, and would like to buy more but I'd really need my sanity checked if I did so despite the low price. I'm wondering how relevant the last part of Rick's post is showing what some other copanies did after what was it 6 months with our attorney firm. Looks like they all went from where we are to $2-$3. Well, when did we hire the attorneys in May or earlier. Does this mean by December we see $2-$3? That is what it implies by posting it. Now I'd like it as much or more than many here, but is it realistic? Sure anything is possible if RR or HC hits big. Will hopes and dreams become reality? Keeping my fingers crossed, which makes it hard to type.
That does make some sense and maybe why the deal with Vale on Lucky was done the way it was. Maybe Vale is getting first crack on all our deals? Well, Fall is here so let's light this candle and get some escitement back in this stock!
So where are all the posters today on either board? Are all the longs limited to one post like me? It is just too quiet and we need this torch lit on these stocks. Too much is supposed to happen in the next few weeks and months and we are all waiting for the moment of truth!
Go read the DD and go to the web site before posting will you? Look at RR and what is about to happen and all the other properties and then you can see how silly your question sounds.
Does this mean they will not be able to buy Twilite from KATX or are they talking about other gold properties? Assuming KATX got their $5 million would they not be willing to fund BVIG? It would be possible, assuming phase 2 looks good, that they could sell some of the outsatnding shares and cause only minor dilution or JV to help cover the cost. Like everything here we will eventually find out.
anyone see if the paint is dry yet? This SSDD stuff is getting old. At least there is no enough spread or demdn for the flippers to make any money either. Let's hope we get a PR about drilling before they take it down more. I hate to even look at my account anymore it is just too depressing!
This kills me, but I have to agree with you. When news is expected and you are given a time range by the CEO and he does not deliver it would be common courtesy to at least blog and give a reason for the delay. Sure you would assume the storm, but the blog says no delays, but they don't even say company X got the contract and drilling will start say by the by middle of October or something. Ken is hurting his credibility and the stock price. You cannot treat publically traded companies like a Mom and Pop shop.
Could all just be a ruse by someone that paid too much trying to stir some excitement so they can unload a position now before the flood of new shares dilute the price. This is likely to happen if there is no news like a deal or phase 2 results before the new shares come in. I just do not see that much excitement around HC at this point on the other board and it like RR is a wait and see. I could be very wrong and will most likely hold onto all my shares of BVIG to see what happens after the phase 2 drill. Off course anything can happen. We could have a huge additional find, they table everything for now, a JV or even a sale. Hoping for the best!
NO, I wholly disagree. Last time we drilled the price decline had more to do with HC leaving the KATX fold and going to BVIG IMHO. Now it could be that some would manipulate the price to do so by creating naked short positions to obscure the true supply and demand ratio and hold down and drive down the price. That IMHO has been happening and is why you see HSDN there daily. For those that say they were buying on the spike up to .25. Duh! Off course the whole idea of a massive short pump and dump is to get the price as high as possible and set your shorts at the top. If you can move the price with small buys up and then short it hard at the top you can walk it down. It is obvious what happened. Only those with their heads in the sand, part of the manipultion or just naive don't get it. After seeing some of the post on this board would anyone be surprised is some were not involved?
You mean you did not get yours? Everyone else did. I guess you must have missed the cut off. Wow, that sure sucks for you. Sorry, Paco!
Not sure what happens to BVIG when we get our shares. I'm sure some will dump and run and many others like us will hold for drill phase 2 results and whatever comes after that. On the KATX page someone showed the OD IP and it does look like RR, but only 5% the size, but heck at 5% and a 50% JV that would be fine with me.According to Ricks chart that get me about 19 million and close to 8 million at 20% so I'm cool with that either way. It could happen, but not quitting by day job.
Gump do you really think they want to award just anyone or would they prefer to 'AWARD' someone that has a legitimate chance to create jobs? Since we have found enough gold to warrant further drilling and the resulta are out there do you not think that they compared our chances against some other junior miners for this 'AWARD'? Come on it is about creating jobs and not just handing out money like you are trying to make it!
Thanks for keeping it real. Good news on commodity prices for us. Gold this morning at a new high, silver close to a 20 year high, copper holding at a high price and REE (see below) going crazy.
http://www.proactiveinvestors.com/companies/news/7952/rare-earth-metals-continue-to-soar-after-china-reduces-export-quotas-7952.htm
Now all we need is results from our drilling to get some excitement about investing in KATX and BVIG. The next few months will be exciting and I hope profitable for us suffering underwater longs like me!
I wonder if that is the partner Ken discussed or there is more than one since they talked about $5 million. It is hard to tell because KATG holdings does not show much cash on the books. Seems everything is over at KATX and they are banking most everything. Well, RR should start any day now so it should not be much longer for the mystery of RR to be solved.