After granting to investors enough of time to discuss the issues around the Handcamp gold property, these days KAT Exploration, Inc. (PINK:KATX) harnessed a new tool for touching investor sensitivity.
Stepping ahead in unison with the fashionable and fancy investing of time and money in companies and projects focused on rare earth elements, KAT Exploration skipped temporally the gold agenda of its Handcamp property.
Now, the company has dislocated the attention of investors to its Rusty Ridge rare earth elements project.
Thanks to the company keeping pace with the new trends, and thanks to shorters doing that as well, for more than a week KATX stock not only keeps with the pace, but also makes attempts to stop its drilling down and to make a movement upwards.
Last Monday, the company announced the completion of the drilling program on its Rusty Ridge property. Although the press release was quite short and not in compliance with any standards of disclosure for mineral projects, as expected the company’s share price slowly left the deep bottom.
Investors response to the short announcement was also a short one. The enthusiastic mood of some investors, and of some shorters, pushed up and then slowly returned back the share price of KATX.
The culmination of the furious stir happened these days, when the opportunity to bank short-term gains was as strong as it was for the last time during this September.
KATX share price advanced by a total of 22.06% since the beginning of the week.
From the date of the short press release last week up to yesterday investors who also kept pace with the fashionable shorting were able to bank more than the above mentioned 22% gain, by reinvesting the invested in KATX stock capital.[BANNER]
Though yesterday’s 4.60% return back of KATX stock price, for some investors this week was and still remains really fruitful.
Referring to the above mentioned skipped agenda for the Handcamp gold property, without issuing any press releases Kat Gold Holdings Corp. (BVIG) filed with SEC yesterday that it has issued 65,000,000 shares of its common stock to KATX as a partial payment for its 100% acquisition of Handcamp gold property.
Maybe a press release was not necessary, since Mr. Kenneth Stead, a controlling stockholder of KATX, beneficially owns approximately 99% of the shares of common stock of BVIG.
