I hate to say this but you guys are nothing but amatures who saw the big up trend in this stock and decided to jump in late for a quick buck. You really need to learn more about these types stocks before invesnting in them.
Number one, gold prices don't mean jack for a company like this. Nore does really anything else outside of company news. This company is not actually mining the gold yet, so gold prices have no effect on the pps. Right now, there is nothing but alot of very promising data. If you invest in mining companies like this you would know that this data and findings thus far are quite a bit above normal and look great. But what we need is to have sub surface test drills to confrim whats actually in the ground and the quality and quantity of it. I have no doubt these will be good, but until the company does these, the price of gold wont be a factor in the pps. This is typical with mine exploeration companies like KATX.
The price of gold will be a major factor once the test drills are complete, and even more of a factor once they start mining, but untill that happens, the price of gold could shoot up over 2k and still not factor much in the pps of KATX.
Just because this companies future is promising, doesn't mean the pps is going to shoot up to .50 cents a share. It's going to take more data, more results, the annoucment of test drilling, or funding for that, or other big news to get this to move up. When that news does hit, it will shoot up quickly and by a large amount.
Right now this stock really isn't in a "down trend", it's trading side ways and found a bottom. The bottom is right around the .015 mark, and its been trading in the range of .015 to .02 this whole week and really much of last week too. The only question is, will it hold? If it does, great! if it doesn't ,great, you can average down and buy alot more shares cheap. Though aparaently not in your case since you have no more money, but that will teach you to jump in high after a 600% + run.
This company is very close to annoucing something big, either funding for test drills, the start of test drilling, or a JV or something else. It might only be a few weeks away, it might be only a few months away, but it wont be all that long. When that news hits, say good bye to these prices for good.
Also, please keep in mind today is friday, it's very common to have a sell off on fridays and today is no different. We have insanely low volume, it's a friday, and theres no news out. It shouldn't be any surpise that the pps is dropping.
AI
