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Yes, but in regard to the original post I think they talked about it or producung revenue and it must be mined to produce revenue correct?
He better hope he does'nt!
Don't they usually do a feasibility study after the second drill? I think that is what they said on the JV property with Vale, but not sure it is required on all properties. I would think a year or two at best to start actual mining as they have to set up the site and get thing permited. Off course, speculation after the next drill results and any JV deal should send us higher.
I think that is also how I understood it. I guess my question is about those 161 miilion shares. Did they not go from KATX to KATG? If so, does KATX now have less shares by 161 million once the transfer is done? Thanks for any help clearing this up.
That does not makes sense to me. Basically, HC is being taken away from KATX and going to KATG. The value is transferred and should just be basically a wash. In other words those shares 25% (what they valued HC at in KATX) are tranferred to KATG. Otherwise, we loose HC's value from KATX, but do not show it's loss in the amount of shares diluting KATX. To me it makes sense that it would go from KATX balance sheet to KATG's. KATX looses shares and KATG gains shares. Does that make sense?
During the six months ended June 30, 2010, the Company acquired (the “Acquisition”) 100% of “Handcamp,” a gold property, from Kat in exchange for 161,000,000 shares of the Company’s common stock.
Under the terms of the agreement governing the Acquisition, the Company issued 65,000,000 shares of its common stock to Kat on June 4, 2010, and the remaining 96,000,000 shares of its common stock will be issued as soon as reasonably practical after August 12, 2010.
Then this 161 million shares goes to KATG from KATX. This is why when we were at .23 we went down IMHO to about where we are now. Logically, once those shares are transferred then KATX will have about 483 million shares and would it not make sense that the value would go up since there are less shares as long as the demand is there?
I think it is 68 million of that. I surely hope KATG does better that KATX after it opens up, but I expect the same scum over there. It is like Willie Horton said when they asked him why he robbed banks. Becuase that is where the money is. Since we actually have a popular stock that is why so many MM are there to rob us it seems. That along with scummy day traders with big mouths and bigger ego's.
I would think now with Ken having what 68 million shares of KATG that even though restricted he could possibly use that as collateral for a loan to drill the second phase. We have not heard anything more about that $5 million and assuming more of that has been release maybe that is enough to drill HC or RR? Looks like we will need some big news to get the volume way up and get rid of the strangle hold these crooked MM's have on our stock.Orderly is one thing and rampant stock manipulation is another.
Yes you are. The amount of shares will increase as per Erock to an estimated 228,000 and therefore it is likely to come down, but no one knows the real effect until the news is baked in. Of those share the managements shares will be restricted, but ours tradeable as soon as they hit your account. The true value of the claim at this point is just a guess and we will know more after the second drill phase.
HC trades under BVIG today. Tomorrow it will be under BVIGD and soon after that most likely KATG and that should be the end of that. Off course, plans are to move Twilite into KATG and we will get shares if we own KATX.
I hope that is true, and causes a massive short cover. One would think if this is the case we would not continue to see a daily short 40-60% of total trades. I would think we would see massive coverings and the price driven up so they could cover their positions. I'm certain if there is enough money to be made they will follow KATG over to the BB. I saw the same type of thing happen with a NASD stock I owned. I think our run to .25 that suckered us was the same pump and dump by the MM. What they do is run up the price as high as they can and then massively short the stock. They then walk it down and hit stops along the way. IMHO they do this with the help of folks like we have on the board to supply doubt and scare off people and this just snowballs the stock. The MM can then cover and start the process once again. We have to be more aware of their tactics. I missed it and got all caught up in the euphoria and paid .23 for a good many shares driving my avearge way up from the original .09.
No problem. We are still being controlled by the MM here with almost 55% of the shares traded yesterday on KATX short. If you see a big run up and dump like yesterday you can be sure they are walking it up and then shorting and moving it back down to cover. They completely manipulate this stocks movements. When they want it to hold they tighten the spread. They will wait for a sucker to put in a stop loss then blow through it. IMHO there is a difference between a orderly market and market manipulating. The SEC and Finra need to stop this garbage or no one will want to invest in a rigged game. Thing is pinks are the worse but even moving up does not protect you from these thieves as the houses use flash trades to ping the market and front run. Yes, it is illegal, but the SEC has not stopped it. Wnder how GS had no loosing trades last year. How can that be unless the system is rigged.
Question is how do you win in this game. Somethings I have read is that you can ask for an accounting of your shares. You might find out with naked shorts you have more than issued. MM don't worry about covering most pinks since they will be out of business in a few years, but what if you are successful? Now the MM either have to drive out of business or drive your stock down to cover their massive short. Some suggest also once cash flow permits buying back shares and paying cash dividends as a way to combat the MM fraudsters. Seems it is an uphill battle in that you have to succeed in the business but also fight the MM's.
I'd sure like to pay off the house and be debt free. Off course we are looking at taxes on the total amount so you have to figure that into the amount you sell so you can pay them also. I also have a rather large loss so I balance a good portion against that. I'm in hopes it hits $3 so I only have to sell a small portion of the total.
I'm more inclined at this point that they do a JV. It would make sense since Mgt. is keeping the 12 month restriction on. They will either go it alone on the second phase drilling and then do a JV or if the gold per gram is high enough have the JV partner eat most of the next drill and feasibility cost. Either that or we drill again and further prove it out and sell in 12 months. To sell or not to sell I guess will depend on how high the price goes up on news and what the future price could be for waiting.
What are you talking about? I'm long 577,720 shares and will get 144,430 Katg shares. I'm down since my average is .168. I have not sold a share. I have not traded at all. Are you confusing me with someone else?
I really don't think that price means much as Yahoo says only 67 million shares are outstanding and I'm not sure that is even correct, but if so we will increase the amount of shares 3X I'm guessing all at once. Off course, it will all depend on how the assays come out and how many are hungry for cash. Many will sell out immediately wanting cash now. Others will see the assay and look at the potential long term payout of either a sale or JV and future cash dividends and price appreciation. I'm guessing it will depend on the grams per ton and the volume of gold, silver and other materials and the future value placed on them. I'd be thrilled with a $3 price. Not sure what the value would need to be to get there.
NITE open bid is .12 so maybe we get some back today and the shorts have to cover and drive it back up after yesterdays news?
NITE open bid is .12 so maybe we get some back today and the shorts have to cover and drive it back up after yesterdayus news?
I need almost .17 just to get back to BE so yes, I'd surely like this to get back to .20+ where it belongs. I do think it will assuming KATG results are what we hoped for. This will bolster confidence in their ability to pick winners. Once drilling for RR starts and confirms a winner we could see $3 or more here, Still a large short of around 47% yesterday so that is why the MM's are sending in the coackroaches today.
Yes, my average is about the same with 577,720 shares so we both paid much more than the guys that have tons more shares that found out earlier. With the PR I wonder why take off restrictions unless you have really good news or are planning to sell out the property. I suppopse they could still keep KATG and move Twilite over. Who knows maybe we do see $1-$3 by the end of September after all.
This is insane the MM's are going to walk this down to the 200 DMA if something does not give soon. This total sucks big green ones! Look how tight all the spreads are. I bet they are shorting and covering and walking it down and trying to hit stops. This delay is killing the late to the party crowd. Others they got in last year for a penny are still way in the money but I'm sure many more are now taking it hard like me. Come on Ken light this candle!
You see the bad thing about the delay is it is giving the MM time to close out their short posotions and go long. Now do you think they will hold and let this run or sell on the way up? Sure they will sell for whatever plan profit they have in mind and set their trades. This will make it that much harder to even get back to .20 much less .40 to $1 unless the news is just huge!
nothing on name change either. This is getting old is it not? Paul Harvey from the grave says it's time for news!
Ken's words on 7\22
President/CEO Ken Stead commented "We are very pleased and excited with the drill program thus far and we look forward to the lab results determining the gold and base metal contents. One would have to understand the significances of these drills holes hitting mineralization at such depths and width, with already known gold showings on surface above the drilled areas. And taking into consideration the amount of mineralization discovered along with the limited amount of drilling in comparison to the known depth and 1400m strike length of the mineralized structure, lends itself to huge potential for the Handcamp property.
Mr. Stead further states, "Samples from most of the holes drilled thus far have been logged and sent to the lab with a request to expedite analytical results. We will let our shareholders and investment community know as soon as we have the results from the lab."
Yes, the DD and Ken's enthusiasm about the depth and width of the find is what is keeping me here. I know no one likes looking at their gains or in my case their principle evaporate and watch the manipulation by the crooked MM. It is time for an update IMHO since it seems 4 weeks if at the long end of expediting this.
Sorry, I was going by what the Yahoo board has as the 52 week low and they say it was .11.
Funny I don't feel good. The stock trading at it's 52 week low or close to it. Seeing less than half what was in my account a short time ago and deep in the red. Still no news or even update on anything that is in the works. The longer this drags on the lower the manipulators will take us and No I can't just buy more. I'm still long, but dissappointed on how this has been handled. I hope Ken is reading this!
Mabe they are covering their naked short and therefore want it lower.
Sorry, I just see that in the position we are in with low volume and perceived negative and one sell that hits a stop can trigger a sell off like Friday. At almost 6k a penney drop it is just hard to watch. No hard feelings!
Look I do not have PM here. I'm not a trader. I'm down about 30k right now. All I'm saying is the MM's and traders see this and will just use it to smack the price down. So my suggestion is don't post it at all or tell your trusted longs. NOt traders and not MM! Get it! I'm not a happy camper now either and think this has been handled poorly, but hey I'm not a miner and with the government I guess stuff can happen. Communication would have helped and if we hit the mother load this will be just a blip. Not sure how Moses did it for all those years and it bothers me in a few weeks!
Big Owl- While I appreciate the udate and your hard work did you think you just gave the bad guys information too? Look what happened after you posted the delays! Kind of like the government unintended consequences. Maybe anything negative ought to go to only folks you trust. I know it should not be that way, but there are some pretty scummy people around that will sell their mother for a dime!
So much for the top notch wall street attorney firm handling of this. Still wondering where the rigs are now and if they have done anything else or HC or moved on and when RR is getting going. I still think this should have been communicated better, but I guess I'm asking for too much from a small company that is strain personel wise.
So as of what Sunday it will have been a month since they announced they had drilled 6 holes already. Ken said he would not wait and yet Jack said they would wait until all 15 drilled. Taking Ken's word over Jack on this one. Not sure what expedite means but 4 weeks so far since that point. I thought expedited would mean 2 weeks at best and I think many hear thought the same. Just my opinion, but I think KATX thinks we all know how this process works. It would have been nice if they communicated a time frame for this that put us within a a week to ten days. Not sure how this holds up if they take yet another week. The natives are getting restless.
Looks like today will be more of the same. Get ready for the slam bam again. DO not put in stops. Shorts were high again yesterday
http://regsho.finra.org/FORFshvol20100819.txt and have been 40-60% on average each day. Now if news hits that will be great, but until they will walk it down and cover on the way up a bit each day. Gee, notice the pattern folks. For those that say it is not happeneing your eyes are closed or you are part of the daily P&D that goes on. I say don't buy or sell anything until we get news and let the MM just play with themselves and we put our sells in at $1+ and when news hits they have no where to go. You see the traders keep this game alive. The long and holds can only watch as it happens. Support acts as a goal to drive it down to so the MM's can cover. Traders are not our friends. Sure they create volume and attrack more tarders, but like vultures they are scavengers only and will leave when filled. They do not build any lasting value nor do they help the integrity of the stock itself.
That's my allowed one reply assuming it get's through.
Thanks. The test was a bear. The security is amazing and it is not like the old days when I took it where they could teach you the test. Only a few of the questions were worded anything like my study material and even then they change things to confuse you. Had a to have a ID with a picture and matching signature, palm print before on both hands and after and they video tape you the whole time.You could not even bring ina watch they are so paranoid about test stealers. Amazing to me how diligent these testing areas are. Just think if the SEC and Finra were that selective about the MM's, Specialist, B\D's and criminals out there and they actually protected the integrity of the sysytem insteam on making it like the wild west.
No, just a series 65 to become an IAR. There is a BD in Mich. I flew up to see that does planning using annuities and a product that selects a basket of stocks and then uses trending analysis to keep you in or out of the market. They have a very good track record.
The 65 covers just about everything, but not in quite the detail as 7. It is a 3 hour test with 140 questions.
Think it is time for an update. Been waiting for expected news for 2 weeks and nothing. Next week makes three and this is just allowing the criminals to walk the stock down. I just applied to take a test through Finra and I was suprised it only took them a few days to reply that I could take the test. Today I passed!
I wonder if his name was Hudson and I wonder if he had any friend with this board? Stranger things have happened in recent history have they not?
From my limited reading many have good findings on the surface but narrow veins below that make it impractical to mine. If we have say 5 grams per ton and it is wide and deep we will be in great shape. I'd love to know if the drills are still drilling the new claims or moved to RR or what is going on.
Well, thanks for checking once again. Saw this posted on the other BB, which I'm limited on.
"One would have to understand the significances of these drills holes hitting mineralization at such
depths and width, with already known gold showings on surface above the drilled areas."
Ken has really stepped out on a limb with this. I surely hope he was coorect and the assays matched his enthusiam because if not there will be people that feel they were mislead and the credibility would be hurt terribly IMHO.
Let's hope for the best and that it happens sooner than later because this is really getting old!