A Smart Man said this.... I know that having the share price of KATX drop so much is frustrating. I too am frustrated. But Let's focus on what we do know now about KATX. Ken Stead is (in my opinion) an... hon...est man. He is not a public relations expert as witnessed by the clumbsy press release about Rusty Ridge REE's. Clumbsy PR aside, we all need to wait and see what is actually reported as the actual assay results for both holes drilled at Rusty Ridge. That is what is important and that is something that can drastically improve the KATX share price, if those results are positive. What is in the ground matters most. The distractions about the BVIG shares are not as important right now. The only stock we actually have in hand are KATX shares. The BVIG shares should follow shortly after the S-1 is filed. That is my hope. I have been in touch with the Transfer Agent and they are not gagged (to my knowledge). They simply do not yet know anything more than we do. They get their information from KATX and as of my last contact with the TA they know exactly what we know. Keep in mind that KATX is a non-reporting Pink Sheet stock, so the share structure is being reported to OTC.BB and can be found on the OTC.BB Katx link. I have watched many stocks have fluctuating share prices and KATX (an BVIG) are long term plays. 18 months to three years before we get everything involved with multiple properties figured out. It is possible that BVIG and Handcamp could have sufficient drill results to persuade another mining company to option a JV or actually execute a JV with BVIG. I do not know if anything like that is happening, but it is possible. It is also possible that KATX Rusty Ridge will develop positive results on REE's so much so that another mining company could be very interested in a JV option or an actual JV. We won't know until Rusty Ridge results are fully disclosed.
I hope that we receive some more specific information from KATX on the assayed drill results before the end of January. I hope we get our BVIG shares by 1-17-2011 or as soon after that date that is practical. Right now we as a collective group of longs need to take a deep breath and await the outcome of several events. It is easy to get spooked by the fluctuations of the KATX share price of late. But we should stay calm for now and see what actually develops.
We have two choices, really. Sit tight for a little wjile longer and see what develops or sell out our shares and lock in a substantial loss that might in a few weeks or months be a gain. I can not tell the future. I rely on my DD and my experience and my gut to make my own decisions. I hope we all come out of this situation smelling like roses.
I am going to wait a while longer with my shares. I do not know if I will be sorry I did or delighted that I did. But I will follow my research, DD experience and gut in this case. I will not surcumb to my emotions as a result of the fluctuations og the KATX share price at this point.