OTCPK:KATFF - Post by User
Post by
topdopon Nov 06, 2018 12:07pm
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Post# 28931194
Some Initial Analysis
Some Initial Analysis
On further review, this morning's selloff is overdone. To put things into perspective, the recent Q3 Production report confirmed that: "Total cobalt contained in hydroxide increased to 3,512 tonnes in Q3 2018 from 2,429 tonnes in Q2 2018".
However, today's PR states that: "Total cobalt production impacted by the sale suspension amounts to 1,472 tons of finished cobalt".
That means Q3 WILL STILL SEE SOME COBALT SALES, namely 2,040 tonnes (being 3,512 - 1,472) and roughly 25% less than in the prior quarter, Q2.
Given total copper cathode produced increased nicely to 39,296 tonnes in Q3 from 35,615 tonnes in Q2, the financial shock of the Cobalt Sale Suspension might be smaller than the Share selloff suggests.
These are my views only. Thanks for reading