OTCPK:KATFF - Post by User
Comment by
Lech1988on Apr 05, 2019 4:28am
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Post# 29585963
RE:RE:RE:RE:Here's likely what's happening & what we haven't been told y
RE:RE:RE:RE:Here's likely what's happening & what we haven't been told y
Agreed, without the Cobalt KAT is not structurally profitable at the moment unless Copper prices skyrocket. The market views this as a Cobalt mine (especially given it is the largest Cobalt mine in the world it’s hard for investors to divorce themselves of this thinking...understandably) and most Cobalt stock are still in the doghouse.
Its obvious that some people on this board are beginning to panic given the share price action at the moment, but nothing we can do but hold on. I don't agree that Glencore is going to increase their strangle hold on KAT and off-take the Cobalt on super favorable terms. As I said there is NO WAY the DRC/Gecamine is going to let Glencore (who they have a tepid relationship with at the best of times) export Cobalt from their largest Cobalt mine on terms that extracts more value from the company at the detriment of royalties, income tax revenue, and value for Gecamine.