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.

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Katanga Mining Ltd Ord > KAT Q2 Financials are out

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Post by topdopon Aug 06, 2019 6:49pm

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Post# 29999526

KAT Q2 Financials are out

"Initial indications suggest there may be scope for margin improvements in the order of $200-250 million per annum. Further work needs to be undertaken to develop detailed implementation plans to deliver these improvements, which are expected to be realizable by 2022." "Provisional Pricing adjustment ($23.149 million)". Not good. "Cash at end of Period: $24.321 million". Not good. Not one mention of "the Proposal" as formerly received from GLEN. Not good. Not one iota of colour from the new CEO. Not good. KAT continues to be an IR / public disclosure joke. Not good. These are my views only. Thanks for reading.

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