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Replies to post #212863 on KAT Exploration Inc (KATX)
alansnowcross2
02/15/13 11:26 AM
#212865 RE: TinkerBelle #212863
B402
02/15/13 1:06 PM
#212871 RE: TinkerBelle #212863
We have limited financial resources which prevents us from securing our mining concessions in Ghana from bandits and other detrimental threats, particularly during the rainy season when we have minimal exploration activities. We do not have the financial resources to adequately protect our Ghanaian mining concessions from potential “claim jumping” and other threats to the betterment of our concessions predominantly due to the respective land size of these concessions. The minerals commission in Ghana does not police or enforce the propriety of these concessions. It is the sole responsibility of the concession owner. Significant unauthorized mining or other unauthorized activities may result in our inability to develop any commercially viable resources in Ghana.