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 > where is SOGO and TOPDOP????

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Comment by Gws0623on Nov 07, 2019 2:04pm

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Post# 30322879

RE:where is SOGO and TOPDOP????

here are a few thoughts.
- volume is 7 million now, so someone is buying. probably institutional mining funds looking to get the rights for 20 or 30 new kat shares. why?
- KAT will be completely cleaned up, very low debt, operating near expectations within a couple of quarters. Interest costs will largely disappear. KAT will also have a big US$3.5 billion receivable from the operating company, not to mention a huge tax loss.
- copper and cobalt markets looking good.
- kat might even pay dividends, since they won't need to pay interest and return principal!
- i recall a goldman sachs valuation of something like US$17 billion (C$22b) for KCC
- even with 30b shares, could the share price could get to C$1?
- so, how much will the rights be trading for? maybe more than the shares?

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