OTCPK:KATFF - Post by User
Post by
largeinveston Jun 14, 2018 9:59am
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Post# 28171201
$5.6 billion debt wipeout
$5.6 billion debt wipeoutAt the end of the NR you see the equity ratios will remain the same for all the parties. So its all debt forgiveness. " Book value about $2 now
The proportionate equity positions of Katanga, Gcamines and SIMCO in KCC will therefore remain unchanged by the Settlement Agreement."
"The shareholdings of other 'Category B' shareholders of KCC within the Katanga group will be diluted to nil "