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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

Bullboard (OTCPK:KATFF)

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Comment by Nolimitson Nov 11, 2019 1:10pm

RE:RE:RE:Rights Offering: why now and not in 2021?

Hi, Just to put it into perspective.. At the moment, there is a huge loss due to price decrease. By not taking the rights (which I agree is not feasible) it means that the holdings are further losing ...more  
Comment by topdopon Nov 11, 2019 1:05pm

RE:RE:Rights Offering: why now and not in 2021?

People should read the disclosures. Folks (still) seem to have gone off on a tangent regarding the 5 day v.w.a.p. and Rights Pricing. Issue Pricing is (always) done in the context of the market AFTER ...more  
Comment by Lech1988on Nov 11, 2019 12:58pm

RE:RE:Rights Offering: why now and not in 2021?

On his seeking alpha blog he said he wont be taking up the rights.  I seriously doubt any current minority shareholders will be able to afford to.
Comment by Nolimitson Nov 11, 2019 12:28pm

RE:Rights Offering: why now and not in 2021?

Topdop, What is your plan with the stock and the rights offer considering you own a big number of shares? rgds
Post by topdopon Nov 11, 2019 12:16pm

Rights Offering: why now and not in 2021?

Another observation from my SA KvN KAT Blog: We always knew about the Rights Offering risk and have posted and talked about it here lots too. Simply, I think we just got left behind & blindsided ...more  
Comment by stockhunter20001on Nov 11, 2019 11:44am

RE:expecting 0.01 after Wendesday

How do you know? And why Wendesday?
Comment by stockhunter20001on Nov 11, 2019 11:40am

RE:Dont Take Up Rights Offering

Can someone smart verify @patels96 point? @topdop, @sogo? There are people buying the stock, may be there is some money to be made here, but there is a missing piece that many of us may be missed.
Comment by mingzhuon Nov 11, 2019 10:01am

RE:expecting 0.01 after Wendesday

here is roughly calculation. 30 b shares when SP at 30s and right offering, now SP at 0.16, share count will increase to 50 to 60 b to get same amount of money, SP will be 1/30 five days ago. 
Post by mingzhuon Nov 11, 2019 9:38am

expecting 0.01 after Wendesday

5 days of right offering news
Post by Nolimitson Nov 11, 2019 7:35am

Moving forward

Hi guys, I have been following this thread for quite some time now and I am in the same position as many/few/some of you, ie owning shares and looking at a massive potential dilution. What is your ...more  
Comment by gang54on Nov 10, 2019 10:32pm

RE:RE:RE:RE:RE:Correction

Thanks Topdop!  If the discount price doesn't change, Glencore will be able to pick up my rights at same 25% discount. Why the SP is more than 50% down??
Comment by topdopon Nov 10, 2019 10:07pm

RE:RE:RE:RE:Correction

@gang54 The only thing that won't change I believe is the discount being offered and the amount of debt being converted to Rights Issue shares to be issued. Both are fixed. Everything else ...more  
Comment by gang54on Nov 10, 2019 8:11pm

RE:RE:RE:Correction

Since Glencore is already committed to full description, which means it would pick up all the shares that not suscribed by retail. Therefore the ratio should not change, that is my understanding 
Comment by Lech1988on Nov 10, 2019 3:59pm

RE:RE:Correction

What Glencore is doing is certainly opportunistic and is screwing minority shareholders over big time.  Problem is I don't neccessarily think its against the law... Another thing to keep in ...more  
Post by stockhunter20001on Nov 10, 2019 12:55pm

Everyone should file a complaint

Everyone should file a complaint, I am sure if everyone filed the OSC will take action against Kat/Glencore. This steal move should not happen. Please if you use ceo.ca forum inform the other people ...more