OTCPK:KATFF - Post by User
Comment by
napshoton Aug 08, 2018 1:26pm
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Post# 28428289
RE:RE:Solid second quarter
RE:RE:Solid second quarter Agreed on the strong operating results. Any idea why prices transacted seem to be 70% of the average LMB price? As opposed to Copper, which sold for 80% of average LME price over 1Q18.
Also, I note that they only managed to sell 2 tons (out of 4 tons produced) of Cobalt, which correlates to an increase in finished goods inventory which they allude to in the MDA: "The increase in finished goods inventory was driven by the late occurrence of the lifting of the seizure order over finished goods, which delayed the shipment of product." That means they have some $140M of Cobalt in storage about to be sold.