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KATX is no longer .PK ? I have not checked on it in a while and this morning I noticed that.....
Why is institutional ownership so low? I notice on NUE institutions own about 70%, but on MT they only own 2.6%.. Anyone know ?
I am long at about 17 bucks.
Yeah. It looks bad.
"We have recently been awarded a grant by the province of Newfoundland and Labrador to, in part, fund our exploration of Handcamp. Under the terms of the grant, the province will contribute a sum equal to fifty percent (50%) of our costs of drilling on Handcamp up to a maximum of CDN $100,000."
The way I understand it; no. You would not qualify. Thats whats really crazy about it.
I see what it all says. i dunno why I think this. I experienced this over at GALE.
Which if I am right; Ken has only the crazy true ass long. Lots of people sold from Dec 21 til now. Doesnt matter if you buy now, because you wont get divi. I personally bought about 100k shares bewteen Dec 21 and now that wont qualify.
This is exactly what I have mentioned.
We still cant sell until dividend is issued in order to get shares. Even if you held shares on december 21, but you sold after, you are not getting shares. It is only people who as of today and until shares are given. We HAVE to hold.
You should be happy. You are getting a 3-1 distro instead of 4-1. Or did you sell?
To amend that slightly. The only reason to buy KATX right now, would be because you think Ken is gonna release crazy news about one of the properties and BVIG goes to the moon.
KATX share structure is so twisted that it would have to be a gazilion dollar company to be worth over a dollar.
BUT
It could trade in the low pennies if BVIG gets crazy, which for guys that averaged down, would be fine. I averaged down to the .0098 range.
Ok. Here is why I like what is going on. I like that the record date was not made into a PR. The job of Ken is to have the best interest of the shareholder in mind. So just giving raw numbers:
BVIG has 263,000,000 outstanding
KATX owns 35,000,000 shares (lets assume they dont unload their shares. Its basically one of their main assets.)
BVIG shares that are really trading 228,000,000
Not bad structure.
KATX shareholders are given like 80 percent of that remaining via the share distribution.
The BVIG shares are given to true ass longs. If you held til now, you either gave up and didnt care, or you averaged down.
If they didnt sell through all the bullshit of oct-dec, they prob wont sell MUCh now.
Lets say only 200,000,000 are left for trading. (very liberal, IMHO more like 150,000,000)
Not a large supply of shares if ken can somehow give good news.
Interesting mention about the Handcamp property, HV quoted it.
New law firm is legit.
I will also mention that he has once already stated he is giving a distribution and didnt.
I cant really see much reason to BUY katx at this point, but I dont see selling making a diference.
No one knows whats up until we get a PR with either news of exploration or increase in outstanding shares of BVIG and repeat the process.
Should be interesting. I am along for the ride.
Ok. Someone can correct me if im wrong BUT.
The date of record is December 21st. That means you would have had to be holding shares on that date BUT.....that is not the ex-dividend date.
The ex-dividend date has not been mentioned.
You would have to be a shareholder as of December 21st AND still be holding right now and continue to hold until the ex-dividend date.
So. If you held shares on Dec 21 and sold on Dec22 or anytime afterwards, you will not be recieving any shares.
I may be wrong, but I own another stock that is doing something similar. Doing a share spin-off.
The ex-dividend would either be December 20th, or hasnt been announced.
You would have to be a shareholder on the 19th because it takes 3 days for the transaction to post.
You are right. I spoke too soon. Brain fart.
Technically we got a reverse split. BUT we did get off the pinks.
BVIG price is gonna be the biggie. KATX will basically be worth 35m shares of bvig and whatever property they got.
It will be a bummer if BVIG price goes to .005
I held my shares, we will see.
I am an expert on everything aboot Canada. I have seen every episode of Trailer Park Boys.
KATX/KATG
I wonder in VALE will get their claims cancelled today.
There was a thick layer of sarcasm in my previous post, and some in this one.
Maybe Canada's computers are screwed up. What if Mappo was the only one actually from Canada and thats why he has not been posting, and thats why VALE's claims have not been cancelled yet. As soon as the computers are fixed, the claims will get dropped and mappo will be back.
I follow this stock because its BIZARRE!
VALE is definitly seeming to be a scam as well. What kind of respectable company would be late with their filings? Seems like middle of the mall crap to me. Someone should head over and let the VALE investors know what kind of short bus stuff they are dealing with.
*sarcasm*
KATX/KATG
The only thing we DO know is there was dilution. We are at the mercy of Ken until we get a PR.
The fact that their drugs made it to phase II and phase III should be enough to move higher. I have $$ in bio's that are trying to establish a Phase 1. I learned some good lessons on VVUS. Phase II and Phase III is not easy to achieve.
How exactly is this stock dividend going to work. Lets say you have 1000 shares of GALE at the end of the day March 8th. Will you receive 1000 additional shares of GALE within 90 days of March 8th?
KATX haulted?
Edit:
Nevermind. I think its gonna be one of those days. Low volume.
I know personally. I bought 250k or so at .07, then 250k at .03, and then just over 1.5 million shares between .005-.0085 range.
Between myself and two others we are sitting on 11million shares.
Its such a minuscule amount of money compared to my main investments, I will ride it out. I may throw another 5-10k at it if I come across some easy cash.
Im not a pro, just a guy who started with a little, turned it into a bunch investing in stuff I know about. Mining is not what I know about, anything involving heating something from 800-3600 F I do know about.
I understand the share structure is f*cked, but I am hoping a reverse merger will prevent us from having a reverse split. Reverse split would be a nail in the coffin.
Katx
Bvig
Katg
Reverse Merger would be no bueno.
But, I will say this. The market knows the price. Market says its worth half a penny. Of course there are things that COULD BE, or MIGHT BE, or WHO KNOWS, but the market usually already knows.
Ok. 1 penny. 6 million. Is the 5000+ acres not worth about 6? 6 million is not a whole lot of money.
I think with the current share structure .10 is more realistic. I do not know how the reverse merger may effect share structure. I think .10 would value the company at around 60million, 5 bucks would be like 3.2BILLION. Its hard for me to believe KATX is worth 5bill. I am long, and would love if that was the case, but I also try to think realistic. I read what the really positive people say, and I read what the negative ones say and I take it all with a grain of salt. I did not invest more than I could afford, either way it goes I am not hurting.
China Consolidates Grip on Rare Earth Elements.....
http://finance.yahoo.com/news/China-Consolidates-Grip-on-nytimes-2650144197.html?x=0&.v=1
A post from history.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53913244
Geo Newfie did confirm Chert (jasper) and pyrite.
post 92415
also
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53927129
KATX is in a good position with .5-1.0 grade copper within that close of a range of a smelting furnace. I build Smelting furnaces, reverberatory furnaces, Blast Furnaces, kilns, boilers, incenerators, blah blah blah. If you are that close, the percentage for economical percentage values decrease. Vale invested this money for a reason, in that region for a reason. Many, Many, Many, Many smart individuals developed schematics, did research, scouted, etc...to determine that was a good location for a mill.
1. Handcamp 12 holes - gold & silver
2. RR - 2 holes drilled, they didn't waste time drilling more initially, they drilled two, did seismic testing between the two holes that were parallel to each other.
3. They are a pink sheet. They don't have to report anything with accuracy. They can withhold any news bad or good without reporting. They could say they have 25k, and really have 0.0, or have 5 million.
I have seen truckloads of CRAP dumped in a smelter, heated up to 3200degrees, and spit out a beautiful ingot. It does get on my nerves to see people say they have nothing, because there has not been anything to say they have nothing. On the other hand there has been nothing to say they have the mother load. I am a long, I got over a million shares now, but it does piss me off to see people say they have nothing. I have been to REE processing facilities in the midwest that haul in TRAIN loads of "dirt" that is total crap, but is making the company lots of money.
bababooey. bababooey.
Disclaimer: I have never built a furnace in Canada, only in America for fortune 500 and 1000 companies plus the little guys.
Just to add to the Rare Earth talk. Which I dont wanna be said I am a pumper. I am long, I am not a geologist and this is the only mining stock I own.
http://ngm.nationalgeographic.com/2011/06/rare-earth-elements/folger-text
http://www.businessinsider.com/china-holds-the-world-hostage-in-rare-earth-metals-2011-6
There are obviously many variables to this stock, management, share structure, financing, silence, etc....but I do like the fact that rare earth elements were found. Now it could be argued that the amounts were not very dense, but also it can be argued that we only know a small portion of the drill results. These articles are pretty similar, but recent (June 2011) and completely relevant.
I am just continuing the discussion, since it has gotten pretty boring recently, and being a long and checking the stock 100 times a day, and reading this board 100 times a day I think there are probably many people just like me. War Damn Eagle.
I know! I came across a little cash this morning and have had a buy order for 263,000 in at .0145 for a while now.
I have my own business and could'nt imagine how annoying it would be if people were just calling and hanging up, or just trying to see if I would answer.
No problem man. I learned allot in my investments in GGP and SIRI. It seemed like "they" tried to shake out all of "us" and those who were brave enough and stuck around got to ride the train. It seems to me like when the fear is strongest and most intense that the reward is not far off.
I was just looking at one of the old Q from (GGP) GGWPQ.PK and it said questioning its going concern. I didnt try to start some bull shit. I had bought that one in mid 2009 and didnt even read the Q because I felt so confident it wouldnt fail. I am semi new to investing and still learning crap everyday.
I think I bought my first 150k shares in early December 2010. I am fairly new, it was like .06
I had no idea. Im not a basher, I am long at this point. I just keep throwing money at it. I have acquired over 750k shares at this point in the game. Go for broke. This is the only penny stock I own.
Going concern definatly raised my eyebrow.
I bought 1000 oz of silver back last summer at $17.30 . I also love that you dont have to pay cap gains tax on it.
I got to the 500k shares I wanted without even having to spend my tax return.