Monday, May 24, 2010 1:00:47 AM
Let's revisit this BVIG deal. Where did the $300,000 come from ? I can't rationalize it being Stead's money because he was broke last fall and he just finished buying part of that 186 million shares from the KAT Treasury. I can't see it being a loan from KAT because normally a C E O can't use the Company bank account as his personal piggy bank. I think it came from his backers as a loan so he could be the front man / nominee without their having to disclose who they are. I think pretty soon you are going to find all of this out and you are going to be shocked. If KAT gets merged in I think you will see a drastic share roll-back. It is doubtful that they will merge 640 million shares into a clean new vehicle share for share right off the get-go. If Handcamp goes in .. there will have to be an appraisal of the Handcamp property. Will that be pre-drilling or post-drilling ? Who will make the appraisal ? All of this takes a tremendous amount of time. I think this will turn into a big paper shemozzle that will stall in the Securities Commission jungle. Meanwhile here comes the drill !! A good hit however will solve everything. But it will have to be a good one. Don't hold your breath. All in my opinion. As for mentioning Voisey's Bay and KAT in the same sentence .. FOR GETTT IT !!!!!!!!!! Not even on the same planet. Voisey's Bays ARE RARE !!!!!!!!!!!!!!!!!!!!!!!!!! And ErOck there has never been a thorough geo report saying just what Handcamp is and what the new targets are. So there is MOST DEFINITELY no guarantee of success here.

