Originally Posted by
Los Tiburones
You guys are giving me quite a bit to think about with KATX ... Have been toying with the idea already and .24 the other day looked very tempting.
The rub here is that the whole move seems to be predicated on nothing. They announced that drilling would commence sometime the second week of May (a good month or so back) and it has been apparently delayed a few days, but nothing PR'ed about it. In addition, this is only a start to the drilling with initial results somewhere down the line ... perhaps a week or two out if I recall correctly.
The other hot topic of discussion is the shell they picked up (BVIG), again not PR'd but dug out by the sleuths on the shrub. They have expressed in a fairly recent PR up-listing of either the entire company or a spin off of one of their properties, BVIG just happens to be OTC ...
Last but not least is the possible JV with Vale, since they have circled the wagons all around their property.
In other words this is right on the precipice and really the volume, even in this little run hasn't been all that much.
My nice little fantasy would be to take out the profit now and see it return back to the .06 ish range ... re-enter and do it all over again.
Trouble is, I don't see that scenario happening. It's a nice profit now but I don't want to be out of it without at least seeing the initial results of the drilling, notwithstanding the other items that could break in the coming weeks.
Hmmm, just did some math again and I have this almost seared reminder I had kept telling myself .. "They always come back down" - Just how far ...
Just thinking out loud ...