OTCPK:KATFF - Post by User
Comment by
topdopon Nov 16, 2018 12:53pm
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Post# 28985601
RE:RE:RE:WTF, 47 cents?
RE:RE:RE:WTF, 47 cents?
Hey @johnny54 first point, my Dad's name was Johnny, and like me, he too was a Mining Engineer. Infact, growing up on the Zambian Copperbelt, I saw him more widely addressed by friend and foe as "JvN", hence my own moniker.
Two weeks ago, on 2nd Nov, we hit an intraday high of 69c. That spurt had me believing that KAT had finally turned a corner.
But then this latest "speed bump" as I chose to call it, hits. Having said that, its "speed bumps" that can really flush out the weak hands AND bring in buyers WHO RECOGNISE OPPORTUNITY & VALUE (like me).
I think we have many issues still ahead including the US$ and Tarrifs but I also think a reversion back to more appropriate SP level ($1.25) can take place - quickly - regardless.
And I feel that's what was underway 2 weeks ago & continues now. When KAT settles with the OSC (near-term) and GLEN settles with the US Justice Dept (unknown), lookout ahead: we'll have explosive SP reactions to the upside.
These are my views only. Thanks for reading.