KAT Exploration Inc (KATX)

[scubastevemd]

Saying they iniated and doing the actual drilling as we have seen are very different. It maybe on their 'wish list' of things to do, but it seems they are only drilling one property at a time and we really have no clue about funding other than the recent grant and the $1 million they originally had. We have not heard anything about the other $4 million being released. Reason would tell me if they did have their hands on $4 million they would be drilling both HC phase 2 and RR at the same time and maybe more. Now if you had limited funds and needed to conserve cash or are just super conservative you would move slower like we are now. This is just an opinion and my only Katx post for today. Being it is fall now this spring\summer drill mentioned is past and therefore I can only assume it is most likely on the back burner. I think sometimes management assumes certain things will happen that do not or are overly optimistic. Priorities also change with circumstances like good drill results on HC that may take resources for phase 2 and put it ahead of other properties.