All work done in 2010, NOTHING for 2011, they are STILL BROKE
I have to put the condition of the company directly on the Properties themselves, they so far turned out to be a waste of financiers money, hence the reason they walked not wanting to waste any further money in the planned 2nd phase drilling.
Its obvious with the amount of time that has passed that no mining company is interested in KATX sub-economic findings or they would have approached Ken JUST after he PR'ed the drilling results. Joint Ventures and additional financing flows into the company right after GOOD drilling results, not 1 year later.
Nov-22 2010: RR stopped Drilling Dec-23 2010: PR about finding Rees, (really what the PR was about was they failed to find any copper that they were looking for, this was the start of the PPS tanking) July-16 2010: BVIG cut off date (Still no shares issued) July 2010: Handcamp was drilled (Look at how many interested companies rushed to Ken to JV the POS results, NONE)
As I said time has proven to us that KATX has wasted a ton of money finding what can be found in anyone's backyard and since then has been struggling without luck to convince others to finance the next round of hopes and dreams.
As much time that has already passed there will be much more yet without any news from the company. No drilling at all until spring 2012 IF Ken can secure financing, most likely he will have given up on finding outside interest and will dilute for the next round.
Time will tell, I've been dead on since January stating the company is Broke and no drilling will be done this year. Now today we have a closing PPS of .0062 with a much lower PPS heading our way. Plenty of new Lows will be seen over the long winter.
Where are my BVIG Shares????? CROOK
Time to go for a nap, all is good in dreamland.
"The stock market is simply the transfer of wealth from the impatient to the patient."
