Katanga Mining Ltd Ord KATFF

RE:RE:RE:Does anyone know ??

[Stevercan]

The debt would be owned by glencore with the KAT assets/revenue as collateral.  Glencore could at any time call the debt and force Kat into bankrupcy.  I suggest this will happen for tax writeoffs and they will buy the assets at a far reduced value and own it all.  Why would they not?  They don't need the 13% shareholders.  I suspect someone of importance still owns shares and did not want to sell.

As mentioned earlier, I have significant concerns:

- There is little cash left.  If I recall it was either $13m or $33m.  Either way - Peanuts!
- They are authorized for up to 3.1 billion more shares
- They have already been advanced over $1.5B in cash for future sales revenue with no expenses to offset.  The cash is already spent.  That will take years to overcome.  Very very concerning.
- They are in the Congo

Additional concerns:
- To think that Cobalt will be the only solution for electric cars is ridiculous.  Technology advances way to fast.  Current technology is not near good enough.
-  In my opinion, it appeared that someone was propping up the SP Friday.  Interesting that with essentially everyone in a profit situation that more shares were not sold.  Very little volume in the afternoon.  A floor was set.

Do NOT underestimate Glencore.  Nobody/corporation gets filthy rich by being nice nor honest.  Its a business, not a charity.

Just my opinion.  I have had fun and will be back in later.

Good luck.