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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 3:36pm
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Post# 29823711

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

RE:RE:RE:RE:RE:RE:RE:RE:debt for equity, dilution and reverse stocksplitYes, tbh this is the most likely scenario. Also there is this sudden panic but the loans arent due for 2 years. I admit it’s very weird for Glencore to suddenly come up with this proposal so far ahead of the maturity. 

Honestly we can speculate all we want on this board as to why suddenly the shares are tanking but no one knows. Panic selling and day traders can easily get the volumes to where we have seen them the past couple days and historically these notional volumes are still tiny compared to what we used to see. A 3-4 cent move is NOTHING, a year ago we were seeing 10x that in a day. 
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