Wanted on the House or even sell it Back and forth to myself
That is all Kennay Has done to keep the Past Secret Using a shell game to dump a used up Share Structure and Setting up for a Wash, Rinse and Repeat at the Next
The Securities & Exchange Commission continues to scrutinize the new subjective valuations arising from ASC 805 and 350, and the agency continues to pay particularly close attention to how those valuations are incorporated in purchase price allocations for mergers, acquisitions and spin-off. That being the case, it is critical that companies hire a reputable firm to provide expert valuations and impairment opinions under these accounting rules............ --------------------------------------------------------------------------------
Submitting KATX D.D. and associated information to SEC next week.
Leaving for Los Angeles for a busy next week also.
Since June 2010, market capitalization has DECLINED 99%. That key business metric is directly attributable a Failure of Execution by Management. Not the nature of exploration.
As a result of the 99% market capitalization decline, management has obviously violated a FIDUCIARY TRUST of ALL SHAREHOLDERS! ALL!
With minimum 20% mining royalty payments PLUS a minimum of 30% TAX PAYMENT LIABILITY, achieving a ROI (Return on Investment) of 30% is CLEARLY not a panacea to heal KAT business operations. That does not take into consideration exorbitant salaries and bonus due Kennay and Timmay.
If a company fails at the early stages of development, the value can in fact return to ZERO...
Kat Exploration has 'Failed' to develop existing claims and transferred these assets to Kat Gold Holdings...
...a 'Failed Business Structure' since inception in 2010...
As per their Business Plan outlined in the 10-Q, 10-K and S-1... Any revenues will go back into the Company over the next few years and hopefully develop specific claims (dormant for approximately 2 years).
Any further exploration of existing claims would need to be evaluated at each phase, but all efforts are focused on Ekom Eya until financials improve.
Therefore, performance of the Company as this pertains to shareholder value cannot be relied upon as a consistent for either the underlying commodity or compared to that of other major mining groups regardless of 'closeology.'
Since Noble reached the agreement with Investec Bank, which took ownership of CAGG in January 2009, after the gold miner failed to repay $20,9-million owed to the bank....
...They've been running out of money, again and again!
Other factors include, but not limited to: the development of the asset, levels of liquidity, and political risk shocks.
Mispricing of equities can be considerable in the earliest days when data is not yet proved up on a company’s mineral assets, or when investors have no yardsticks for interrogating the technical information being released by the company.
Company PR and Websites are not reliable sources and well documented. So much for 'INTEGRITY'...
Investors must rely on the 'integrity of company management'and their assumptions underlying both the cost and revenue sides of the equation that will in turn affect the 'integrity of any valuation' approaches adopted.
In February, Ghana announced they set up a committee to review and renegotiate mining contracts.
Ghana's Finance Minister unveiled the plan to review mining stability agreements in October.
The government plans to raise the corporate mining tax to 35 percent from 25 percent and introduce a 10 percent windfall tax as well to boost the state share of revenues.
Gold Fields, the world's fourth largest gold producer company, has said such a move might kill planned projects that could bring $1 billion of investment into the West African nation.
Ghana's review comes against the backdrop of a surge of resource nationalism across Africa as governments aim to extract move revenue from a sector that has failed to translate mineral wealth into broad prosperity.
The Ghanaian Government plans to regulate more of the mining operations in order to capture Taxes and Royalties...
Who is in line first on the food chain to be paid...?
Who is second in line on the food chain to be paid...?
What are the Production Assumptions outlined in their SEC filings...?
Review the following and anticipate an ADDITIONAL 10% windfall tax which is going to be GLOBAL...
Capital Requirements for Ghana...
7.3 MILLION????
24 Acres...
35% Taxes...
20% Royalty payments...
Taking all known information into consideration, ie, SEC filings with ZERO revenues from either company:
Nobles and reiterated by Kat Gold Holdings in their reports, stated recovery difficulties due to an 'extended wet season' which hinders access.
There are 2 well defined wet seasons according to filings and reports:
A major rainy season (April - July) and minor rainy season (September - November).
Seven confirmed rainy months out of twelve doesn't leave much time for recovery; delays impede recovery progress.
ZERO money reported being paid to Kat Gold Holdings from Vale Inco which was to be at the beginning of each anniversary date...
That being the case and according to the Vale agreement - KAT only owning 20% of the deposit...
Kat Exploration no longer holds any LUCKY properties...!!!
Suffice it to say... *** VALE deal CANCELED ***
NO 8-K has been filed by Kat Gold Holdings Corp. announcing financing of ANY kind.
All they have are website updates with nicely marketed Pictures which are MISLEADING... AMS Trucks with the caption Ekom Eya1 posted without Permission and a number of Laws voilated let alone the 'Dissemination' of such misleading information as Kennay intended...
Review of the Production Assumptions, costs, combined with their Business Plans as outlined in the filings simplified...
Until there are 'Revenues' and these 'Revenues' show a sustainable increase in the pps which is not related to HYPE of Pump and more 'MEANINGLESS' Web updates...
Ken has made no secret of his and Timmay's salaries and other benefits, including his fancy pickup. That must be the finest F-150 ever built. Let there be no mistake about it: people buying his stock are financing his lifestyle, and he is essentially living high from telling lies. It costs him essentially nothing to make stock, and as long as people will buy it at any price, he will continue to print it up and sell it. __________________________________________________________________
To truthfully represent to shareholders and create shareholder value may “look better” than the 'forfeiture' of the bait and switch, pump and dump, shares related to Handcamp and the attempt to Spin-Off Kat Gold Holdings leaving Kat Exploration investors holdings worthless shares in the DARK.
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