KAT Exploration Inc (KATX)

[TinkerBelle]

More great information from Bio's updated post: in the stickies

From the recent 10-Q:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7409441

Quote:Plan of Operation
...management will initially concentrate on increasing its exploration of the Property [Handcamp] and other gold properties and, if any such other properties other than the Property are identified, seek to ascertain the value of these properties with a view to their acquisition. Management believes that further in-depth exploration on such properties, if found and acquired, is a critical factor in enhancing the Company’s ability to discover minerals, if any, at such properties. If potentially valuable sources of minerals are identified, the Company will perform a feasibility study of the properties and then seek to sell them to one or more of the major mining companies. Management hopes that this strategy will enable the Company to achieve long-term sustainable growth.

Sales and Marketing
Management believes that its customers consist essentially of other mining companies looking for properties to include in their mining and production programs. Management believes that its relationship with certain of the potential customers [its relationship w/ certain mining companies] will assist the Company in implementing its business plan.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7409441

So:
1. KAT's customers are "other mining companies"
2. KAT has a "relationship" with "certain" of these "customers" [aka "other mining companies"]
3. Manangement believes this relationship will "assist the company in "implementing its business plan."
4. Its "business plan" is:

Quote:During this time, management anticipates that the Company will also be developing additional information on the Property [hence the current drill program] and any other properties it is able to acquire. If management succeeds in doing so and further believes that market prices for the minerals will justify the activity, the Company will seek to enter into joint venture arrangements with, or sell all or a part of its interest in the properties to certain parties such as major mining companies. Management hopes that the Company’s strategy will enable it to recoup its investment and generate capital to enabling it to expand its business and thus increase shareholder value.

Now, the questions are:

1. Who are these "certain" mining companies we have a "relationship" with that will "assist" us in implementing the business plan? (Could it be Aur, Vale, Anaconda, etc.?)

2. What is the nature of our "relationship" that leads management to "believe" they will assist us in carrying out the business plan?

We also saw in the 10-Q:

Quote:The Company explores for gold deposits in the province of Newfoundland, Canada and has plans to expand operations throughout North America.

and...

Quote:Management of the Company intends to focus on gold properties with a view to purchasing all or a portion of already producing gold mines, provided that the requisite financing can be obtained by the Company.

Hmmmm. I wonder when we could be purchasing one of these "already producing gold mines"?
Interesting times my friends. Very interesting indeed.