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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 > This hiatus will be but a matter of weeks...

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Post by topdop on Jan 17, 2018 11:29am

This hiatus will be but a matter of weeks...

In respect of proposed DRC tax changes, expect Co to rally just as Canadian lumber did blowing through newly imposed additional US tariffs last year and as already mentioned previously by others on this BB. This is no time to fret or panic. Right now the trade has slowed characteristic of heading into Chinese lunar New Year Feb 16th as well London & NY hedgies have already been lightning up on their past very profitable Metals & Mining positions in the last 2 weeks. Expect further weakness to come. Then after Feb 16th, expect a robust return and price appreciation(s) to come back into the complex, the reality being that this one-in-a-hundred year event that is vehicular electrification is simply, and in actual fact, very real. These are my views only. Thanks for reading.

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