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Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals
Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.


OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord > debt for equity, dilution and reverse stocksplit
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Comment by Lech1988on Jun 13, 2019 2:38pm
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Post# 29823426

RE:RE:RE:RE:RE:RE:debt for equity, dilution and reverse stocksplit

RE:RE:RE:RE:RE:RE:debt for equity, dilution and reverse stocksplitKAT is still currently paying the interest on the loans at the moment no? I’m sure this was an item on the quarterly report. I don’t think interest accruing now is being recapitalised. 

The issue I see with the rights issue is wouldn’t that basically be Glencore providing cash to KAT to pay back the outstanding interest to themselves? All GLEN would be left with is more shares in KAT and more cash would be out the door.  
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