Replies to post #117955 on Golkor Inc (GKOR)

[snow]

Rick

I agree with you that KATX should have informed the market weeks ago that the assays would take a long time to complete and given the reason for it. my impression now is that longs are not willing to face unpalatable facts. This sort of denial reminds me of what we find on the SAEI board. There is still hope that better concentrations of REE may be found deeper down, but there is no certainty that this will happen, and the question is if the REE will be commercially viable even in higher concentrations. Depth leads to higher costs I assume. I appreciate the telling of the truth about the longest hole. Posters hare seen not to happy about the information of quantities of copper that are not commercially viable.

[silvergun]

Great post.

I think KATX's naivete was illustrated when Jack Zwicker said he thought this PR about REEs would have a positive impact on the pps and be well received by the market. Lets hope they are better miners than they are market analysts.

[renaissance man]

Excellent post, Rick. As always I appreciate your thoughtful, honest and calm and reasonable assessment of the situation. If I could add anything to what you have said I would like for Ken to consider replacing Jack, who seems to be woefully unequipped for dealing with investor's legitimate questions in a timely, civil, respectful, and informative way.(In other words, a professional way.)

Also it may be time to consider another law firm. The excuse has been used that Ken's company is so tight lipped because they are constrained by their attorneys from divulging any information to the shareholders. This has led to wild speculation, guessing games and an atmosphere of cloak and dagger surrounding the company. This has obviously proven to be destructive and counterproductive. I personally have always felt it was a conflict of interest to employ a firm that also represents NITE, who may find an information blackout and it's accompanying uneasiness and confusion, to be beneficial to what they do.

In short, from what I understand, it is Ken's natural inclination to be thoughtful, and informative toward his shareholders. Maybe he has leaned too far that way in the past. I don't know. What I do know is the pendulum as swung too far toward silence and secrecy. People have invested a lot, endured a lot and trusted a lot and in my opinion they deserve a lot better than they have gotten lately from the company.

I have not sold a single share since I started buying last spring. My cost basis is a little over .16 so I'm down huge on my investment. Still I do not intend to sell and yes I was buying yesterday. It is insane to think that this company, with all it owns and all it's potential and all the interest it has generated is worth only .03

One last thing. Ever since I first heard of KATX, people have told me what an honest, honorable and good person Ken is. I haven't had the privilege of speaking with him personally. I haven't even emailed him or tried to contact him in any way. I understand he must be a very busy man. I fear though that his reputation has been tarnished by what has gone on recently. So my message to him is this; This is your company, Ken. Step up. Take charge and make it reflect more of who you really are. Then we can once again all agree. This is not just any ordinary pink.

[makethemoney]

Rick-UK, I am very glad to see you are still here. I didn't sell any yesterday and am still holding for what I think is yet to come from all the potential this company has. I think Ken caved to the pressure of no info and put out a PR in a rush without enough thought into how it may go over. Oh well, live and learn and maybe Ken as well as a lot of us learned something yesterday. Of course if this is the actual bottom, as any investor knows it can stay where it is or only go up from here. I am on the side of it going back up.

Merry Christmas to you and all the others on the board.

[Grahamber]

Rick, I couldn't have said it better. I too, could have thought of a dozen better ways to PR what he said!!!! Merry Christmas to you in Europe!!!

[JEM165]

Thanks for your thoughts Rick, we all respect your position here and the purpose of your post is right on. We need more communication somehow someway, and hopefully Ken and whoever he deems capable of providing that communication will step up to the plate

[jackrix]

Rick, "but what of lucky?"


Vale started drilling Cornerstone's Red Cliff property in early Nov. and we expect results at any time. If they hit something there it will make it more likely that they will continue their quest for stratiform copper on the Peninsula. That would be good for KAT too.


I mentioned on this thread the other day that if you want to research REEs you might want to look at a company called Rare Earth Metals, RA.V. They are searching for REEs exclusively and the discussion about them on Stockhouse and their reported drill results could give you a good a good place to get an understanding of that type of mineralization.


I own some Cornerstone but I don't own any RA, although Cornerstone has a JV with them.