RE:@topdop
@johnny54 Sorry to disappoint! I'm not going anywhere. I hope you don't see rational and motivational wisdom as "fan-boy" brouhaha, because you would be dead wrong. I have always said from the start the grade and scale of KAT assets were head and shoulders above others and the fact that they were soon to be producing the stuff others just hype on about, made them a "must have" stock.
Yesterday I spotted an anomalous trade. I watch all the houses and being a Bay St. Mining guy myself, I know many of the Mining Brokers, Desk Traders and Analysts; what's left of them anyway. And when I saw Paradigm and CIBC working the sell side at DISCOUNTS to an UPTICK IN THE MACRO BASE METALS MARKET, it told me something was up. Someone found out something.
And I was right. Not 6 hours later, last night, KAT released its AIF; a 76 page requisite compliance document. I recommend everyone read it cover to cover. Something, somewhere in that disclosure has the Offers stacking up.
As this was unfolding yesterday, I stated that "...the assets are exceptional - and the promise is tantalizing - but the continued vacuum of leadership and paucity of confident, clear corporate direction; the pitiful, woeful, minimalist disclosures, written by people who have no idea what they are doing; the missteps, the abject lack of clever, publicly stated strategy and promotion, as well as the horrible big +86% shareholder "blocker" that frankly, probably doesn't give a hoot about us minority shareholders ARE ALL CONSPIRING TO HARM AND HINDER KAT CAPABILITIES IN ATTRACTING BUY SIDE & SELL SIDE INTEREST."
I maintain this to be fact, not conjecture. I am waiting for them to prove me wrong.
If you read my Seeking Alpha KAT Blog you may have also recognised my cynical disdain for the former Glencore KAT "stooge execs" (now all gone) as well, and particularly, the fact that I didn't trust this company as providing anyone other that Glencore, a Full and Timely disclosure per law.
And once again, I have to say I was proven accurate and correct. The company sacked its COO and then the Glen "stooges" all got the can. The entire point of my Blog was recognising and identifying the fact that there were shenanigans going on. The settlement with the OSC proved this.
Lastly, if anyone cares to read my synopsis posted in this BB and on my Blog regarding historic DRC Uranium and the Ion Exchange Circuit and the nonsense of radiometrically tainted Co concentrate, you will further comprehend my continued reason(s) for disbelief and disdain. It is my view that all of this is simply a classic Glencore "supply vs demand = price" market control ploy being played out in front of us.
As with other sector leadership companies like Amazon, Apple or Berkshire Hathaway, outside of Glencore, one will be hard pressed to find any other exceptional examples operating in the combined areas of Mining and Commodities Trading. It remains a core fact as to why I own that stock too...
So do not mistake my candour for reasons to shun that stock. Same goes for KAT...
... which I won't sell at $1.50, as you have stated you may. No, I'm in KAT for a multi-bagger and the saving grace that will fully placate my considerable misgivings will be the MASSIVE FREE CASH FLOWS that nobody will soon be able to ignore... Good luck to you, which ever way your pecker points.
These are my views only. Thanks for reading.