Katanga Mining Ltd Ord KATFF

RE:3 quarter results?

[Sogosohubidu201]

KAT is going to report Q3 production on October 26 (Friday next week), the same date as Glencore Q3 production report.  KAT and Glencore may report Q3 financial report in the week of November 5, 2018 or the week earlier.

Q3 should be far better than Q2 numbers since Q2 was impacted by one time charges, higher interest charge and delay in sale of copper and cobalt.

My estimated Q3 earning is between 3 to 5 cents per share. Per 2018 net cashflow estimate from Goldman report, Q3 may be around 4.5 cents per share of earning.  We will know in 2 to 3 weeks.

Goldman estimates operating cashflow of $3 billions and net cash flow of $2 billions in 2019 (next year), which also matches my estimates well.  This translate into earning per share of about $0.80 in 2019. 2019 and going forward should be big.