OTCPK:KATFF - Post by User
Comment by
Sogosohubidu201on May 10, 2019 10:44am
185 Views
Post# 29734015
RE:RE:RE:RE:RE:RE:RE:Glencore AGM
RE:RE:RE:RE:RE:RE:RE:Glencore AGM@bobsacramento. With the interim phosphoric acid solution, the increase in salable cobalt from 930 tonnes in Q1 to at least 1200 tonnes per month of cobalt containing hydroxide is impressive. We cannot rule out further increase in salable cobalt product moving forward until the Ion Exchange Plant is commissioned early next year. With that, Q1 this year is certainly the weakest Q of this year without cobalt sale and low copper price, which is behild us now, but financial report should be out soon and would be weak. Q2 should be much better than Q1 this year with cobalt sale and higher copper volume and price. We will have Q by Q improvement going forward, Q3 better than Q2 and Q4 better than Q3. From that above, I think that we will see share price recovery in the 2nd half of this year to the range of 60 cents to $1, and approach $1 by the year end.
I am more interested in longer term and feel confident that we will see $5 in 2 - 2.5 years and $10 in 4 years.