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Friday, December 10, 2010 11:52:11 PM
...They didn't bomb
~Gump90 on Sept 2, 2010
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54027295
So, now you say Handcamp bombed? Wrong. They went 12 for 12, and phase II and III are testing even more exciting areas. The "visual" you referred to here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57643523
had nothing to do with Handcamp's results. It made the BIG move to the high teens to.20s in anticipation of the record date (7/16). We were not even waiting on any kind of drill results at that time. Heck we didn't even commence drilling until 7/6 (and on that day we closed at .20. On the record day (7/16) it closed at .18. The very next trading day (Monday) it opened up at .16 and closed at .14, and steadily declined since then. The market clearly interpreted the deal as all Handcamp value going to Kat Gold. Although, I will note, that even though KATX no longer owned Handcamp, the day the results were released KATX went up 25%. Of course, it then continued its descent to where we are now. Most likely the market figured HC results would most directly benefit Kat Gold. Regardless, KATX shareholders who held through those high teens/.20s will see some of that value return to them eventually when they receive their Kat Gold shares.
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