Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

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.

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Katanga Mining Ltd Ord

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Post by Sogosohubidu201on May 16, 2018 7:51pm

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Post# 28042697

Some Thoughts about Share Price

The FT article could also be to do with Glencore/Dan Gertle to sell Dan Gertler's KCC royalty right to the Chinese (may be Glencore negotiate with Chinese on behalf of Dan Gertler, so that both can get out of the deadlock. Both are negotiating on possible settlement out of court room currently). This is a pure speculation.

KAT share price is in the penalty box becasue lawsuits have not been resolved. Today's selloff reflected that after jump with good Q1 report. I think that lawsuit with Dan Gertler would be resolved shortly. In regard to the lawsuit with Gecamines, Glencore can resolve it if it chooses to do so. If you listern to Gencore annual general meeting, Gencore Chairman of Board, Anthony Hayward, repeated very confidently four times that they expected to conclude the KCC recapitization successfully. They also expected to reach amicable solution with Gecamines. The question is that if Glencore is able to delay the lawsuit process as long as possible, it is beneficial to Glencore and Katanga Mining if the produciton is not affected. After all, if it is delayed for two years, the cashflow generated from operation will fix the KCC debt issue. This way, Gecamine gets nothing.