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I think the boiler room fired him for just being too obvious, or he changed ID to Blink.
LOL
OK, now that was funny. Seems our sheep in wolves clothes is out but his toady still on the board. Glad you were able to take advantage of his shortsightedness! GLTAL
I agree pennies for thousand of dollars. It is like I make a deal with you. I'll give you $2 million in one year, but you have to be locked in prison in a secure cell. How many would take that deal? Good thing is you do not have to go to prison, but you do have to hold Katx.
Interesting you said that. I just thought of something. Did they not say we were trying to get listed on the Asian markets? If China is invovled in RR that makes perfect sense does it not? If they are not involved at all with Katx or the future Katg it does not. I think you are onto something there!
If we JV a property it is my understanding that we share in some of the cost usually and the income that the gold,cooper,RRE etc. produce and therefore someone mines it unless the JV decides to sell the property. Am I seeing this wrong? If we work with VALE on a JV and they mine the property do we not get a percentage of the revenue derived from the mine? Would this not provide a stream of income to KATX as long as the mine produces?
The value is based on what information is out there currently, managements track record and the hopes,dreams,greed and fear of investors.
I realize this. We will JV or sell the property off. If we JV or sell real income will be realized and the price based on that. Until that point speculation drives the price.
Look, my point is this will take time. The demand for the stock will go up when there is proven value. With BVIG you won't be able to get any value until 1/11 so it will be 6 months and that assumes there is enough gold to either do more drilling, entice a JV and eventually mine the gold. With KATX we will need drillig results on the other properties. Speculation can drive up the price if the findings are good, but only to a point. The real money comes once the claims are proven and mined and that may take 2-3 years are more. Does anyone see any property being mined sooner?
whatever people are willing to pay for it. Same as with all stocks. No one really knows what the price will be. Just be patient and let this play out. You are not going to be rich tomorrow. If it is going to happen just make sure you are still holding your shares. Only traders worry daily activities. Chill!
Train is boarding now. Don't get left at the station!
OK, then the Katx multi-millionaire club then.
Looks like A is massive and a the first place you would want to drill.
I understand that. You cannot sell until they are actually in the account. Either way it is not in my plans to do so. After this is over I will have in excess of 722K shares and am looking to being in the Katx millionaire club soon!
Been there and done that. I had 50k and rolled it for a few years with 0% interest. Thing is it now cost 3-5% to roll it and the great deals are hard to find even if you have good credit and they can change the terms on you. I paid off the 50K and will never do that again. Just too much stress and with this tenuous economy and the possibility that things do not work out as we expect or are delayed you could put yourself behind the eight ball. That wife sounds pretty scaryu also. Best to only risk what you can afford to lose.
1) You cannot sell what is not actually in your account
2) You have to wait 6 months anyway since the free shares are restricted.
Don't be surprised if it takes a few weeks to get the shares posted in your account. A company I owned was bought by Google and it took a few weeks. I suspect this being a smaller stock it could even take longer. Either way holding to see what happens between now and the time we can sell them. We should at least have some results in another 1-3 weeks. I do think we get some movement in KATX. Since most shares will be restricted I see us going up as a proxy for BVIG. Also, it will instill more confidence.
I'm a KATX fan, but the chances of that happening are very small. It would have to be the largest find ever to produce that kind of results. You have to figure the finds will be sold or JV and we will get a cut. I think most folks would be thrilled with one of the stocks hitting $2-3 and if both hit over joyed. I sure would not complain and would be much better off than what I started with. Either way we cannot cash out on the gold properties until next year unless you own it directly and on the copper properties we are still waiting to drill some this year. So it will take time and patience which is hard to come by on pinkie and BB stocks. GL to us all and may we hit the mother lodes!
None at .15 I can sell you, I will let you have 100k shares at $1.50, but only today!
Today's action makes no common sense unless you assume MM's want to hold it down to cover.
I expect they bought up a large inventory to sell to keep the price down.
Very odd that the MM's are able to hold this down. I really do not know who in their right mind would be selling this week. Maybe the MM's still trying to unload their short positions and holding it down so they can cover. Either way as we get closer to the cut off date and Hardcamp news then they will not be able to hold KATX back!
Yes, you beat me to the punch. The thing I look for on these is are they compensated as that is a sign of possible pump and dumping. So, far I have NEVER SEEN any compensated information put out. Ken is doing it the right way!
Yes, looking very good. Heading out of town again so I expect you to have it up to .30 next week Jack.
LOL
Steve
I'll let you guess what MD is and no it is not medical doctor!
protrader- I'm 55 and have seen the Bunker Hunt Silver run up to $50. It seems gold has a good few years every 10-15 years and has died down after things stabilized. No sure what happens this time. Even at 55 I have never seen a mess like this one including the Carter years.
Said nothing about selling. Just stating a fact. Everyone must have their own buy and sell points. My plans are to sell some along the way and pay off the house and be debt free, but that will not be until it reaches a certain level. The rest is to help with retirement. Thing is with this economy we tetter behind massive inflation on one side and gold soaring to massive deflation and you can't give anything away. I wish I had a crystal ball which said which way we go. At best we get a stagflation like the 70's. I never thought I would say that! These are scary times not seen since the 30's.
Nice, but remember it is all on paper and does not mean much until you sell. Nice to dream though. Just don't spend it until it is in your hands! Sure is nice to be back to showing a profit.
results 2 1\2 -4 weeks most likely. Just be patient they will come. Stay long and don't flip or you may miss out on a huge run!
Thing is no one knows how the shares of the new company will be priced once the share count is increased and if the drilling shows positive and a JV signed or other news. It really is pure speculation at this point. I'm just real happy to get those free shares and hope it is .70 or more after 6 months as that would be outstanding with my 144K+ shares. Time will tell and we just have to be patient and trust the Steads. IMHO they have done a great job at doing what they said they would do. I wonder if the other gold property will have the same 1:4 distribution?
I agree 100%, but many will sell into the 16th. They will look at then shorting us most likely feeling that many will sell after they get the free shares. They will then buy back after that into the results and may sell before they come out. They look for the short term hits and try to avoid the risk of possible adverse news and go by the bird in the hand rule more than what we may feel is the smart way to go. AS long as they do not manipulate, lie and distort then I'm Ok with it. Problem is we have many traders that IMHO will do anything to get a lower price and have no morals.
Some here do not care about the free shares. All they care about is the trade and making a few hundred bucks here and there. Their timeline is daily and not 6-60 months.
Stalled as shorts try and find an exit and cannot find sellers. Too bad Gump.
We are very good!
I was not here at that point and yes a small amount from a ballsy player could controll back then, but more costly now to do the same. Yes, using the FINRA #'s as the only source and if they have to cover every 3 days then 30 days does not help you. I feel the SEC should force all short sales to be real time just like all long trades. Why should they get to hide their intentions under a cloak of darkness?
Traders and MM are pretty much controlling the trading here it seems, which is depressing for longs like me that have averaged up from .09 as they felt more confident in the company. Still fundamentals take over once income is being produced, but that is down the road quite a bit. At this point speculation and news not already discounted can move us up along with getting the restricted shares. Any lull in the action will bring out those touting the 50MA where they are sitting waiting to buy. Funny how charts seem to fulfill themselves.(chicken or the egg?)
The short cover is 3 days now so what used to be down in 3 weeks is just shortened. Off course if they cannot walk it down and news hits then they are screwed. GL to all longs and the Steads, who IMHO have doen a good job so far.
I doubt any one trader had that big of a position, but it would not surprise me if a group coordinated their trades at all. Usually a be run out of the norm is a short set up. They short at the top and then bash hard to drive down the price. Even now as of 7/2 the short was 60% of the shares traded. I expect the same garbage of drivinn it down and covering as the day goes on. THis hase been the pattern. It maybe hard to stop if it is a coordinated group and they can take positions with small trades to move the stock as has been documented with sellers being the smaller side of the trade and yet the stock decline. It could also be the MM trading their own account. The only way we can stop it for sure is to squeeze them and force the price up and make them cover. Hopefully, some news soon or the BVIG shares will force the issue soon and the games can at least take a temp. halt. JMHO
We do not know what the BVIG shares will trade for once the change is made. If you believe the decrease from .25 to .12 was partially due to the moving of Hardcamp then it could be value at between .05-.10. If you believe that with few tradeable shares and pending news it will stay where it is or go up you are right, but since few own those shares it will not matter to most. To me it is money in a piggy bank I cannot break for 6 months or so. By then we have a very good idea what it maybe worth and maybe a JV. All speculation at this point. Patience.
So then sell on the 15th if you wish to trade or just give it time and let it grow as things develop. You have to decide if you are an investor or daytrader and what your time frame and risk tolerance is.
Hard to know where BVIG\KATG goes. Since there will not be many unrestricted share it could go up nicely on good news with drill results. Off course we have no idea what the opening price will be. For all we know it could be anywhere between .05-.50. I suspect that if the drilling is successful the do more drilling and feasibility studies. It would be years before it becomes a producing mine.
The only problem there is what Goldman Scahs and a few other flash traders are doing. They are connected diretly to the NYSE and see every trade and can walk infront of it and therefore beat you every time. Why? Becuse they spent multi millions on the 'Beasts" computer that is faster than anything out there. Goldman is so tied into this and the previous adm. that no one touches them. Most key ecomonic positions are all old GS people. The Flash Crash was caused by the same computers as they kept selling the market down ahead of other and hitting stops until there were none. They know this, but will not admit it to the public and call it fat fingers. The integrity of the whole system is questionable since even the beast cannot forecast disasters, terrorism and defaults by nations. Flash trading now makes up the majority of trades. When you do billions of trades daily a half a penny adds up. Think about it we all lost 40%+- during the market meltdown. How did GS make 30 billion and never have a loosing trade in a year?
Yes and no. I suspect going into the divy they will get out and allow and maybe even pump up the price and then short right on by the 16th since they probably do not care about the divy shares and only the short term hit and run trade. Any lull in the action between expected news allows them to play and that is why mgt. should not get into a pattern and maybe check the short before releasing news. Nothing like burning the shorts a few times to get them to stop targeting your company for games.JMHO