Would like to bring something to the attention of the Board..
I own KATX, and have since it was .0050...
A PR came out today saying they found impressive gold and silver reserves..much more than anyone on the Board anticipated. They also own a large copper property, which a large mining company called VALE, will partipate in a joint venture.
Now for the details.
KATX bought a fully reporting shell BVIG, and placed the gold mine in that shell. As KATX owns part of the gold mine, KATX stock rose today, and will rise the next few weeks, imo.
What makes this fascinating is the shell, is opening at midnight tonight as KATG, and will trade for the first time tomorrow under that symbol. No one knows where the share price will open, or what the shares are worth.
What makes this more fascinating is that KATG has a very, very low float, just a few million shares for now. Within about a month or two KATG's outstanding will rise to about 400 million shares.....as shareholders of KATX were given free shares of KATG, which they will get, unrestricted, in about 45 days.
I am totally confused on this one...but those into mining stocks could take a look. KATX has about 5 different properties to drill, the gold property being the first...and it is hugely successful to find so much gold and silver.
Just for information...and if anyone can assist me in determining the fair price of KATG with its low float and the consequences of 400 million shares being added in about 45 days....I know it will go lower, but if you find gold and silver, how much lower?
Thanks
Scotch