OTCPK:KATFF - Post by User
Comment by
Sogosohubidu201on Feb 07, 2019 10:22am
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Post# 29331746
RE:Low Volume
RE:Low VolumeIt probably remains quiet until the company gives a clear indication how to resolve the uranium issue. It is key for cobalt export to recommence. This is the only hurdle left for the company to show great earning and for the share price to rise strongly. While the risk is very limited because copper product alone may cover all the expenses and cobalt is almost free. KAT still needs cobalt sale to show big earning numbers. KAT does not need high cobalt price to have good earnings and $5 share price, cobalt sale is required regardless at which price. I think that it will come, just need to wait a bit longer.
Glencore and KAT will release 2018 financial reports on February 20. Glencore conference call may give some ideas when the uranium issue will be resolved.