Katanga Mining Ltd Ord KATFF

Q2 Report

[Sogosohubidu201]

I had previously earning estimate of 10 cents per share from operation for Q2 if one time charges from settlement with Gecamines were not included. The KAT actual earning results are really dependent on the financial treatment of the one time charges in the KCC, which may or may not affect KAT earning report. We should know in 24 hours.

[patels96]

10 cents is too high...the time incremental charge was paid by Glencore (this increasing the debt on KAT by that much). Also I'm predicting 4 cents per share this quarter with overall fiscal year of 13 cents per share.

[stockhunter20001]

So what si the expected SP by Friday? $1? When are we going to $2?

[topdop]

Thanks @patels96. I can't wait for next year! By then we should be approaching a confluence of events that combined, might more accurately & fully, value KAT: Central African Copperbelt: nowhere else do you have this SCALE & GRADE already built; KAT at full steady-state production Cu & Co; Cu & Co prices up again as we face; Supply side squeeze; and Wider & increasing

[Lech1988]

Is the wider net loss due to the settlements with Gecamines?  I would assume this is the case?

[Kidlaw1]

That is what I am wondering too, but since it is a one time payment, there isn't much to worry about. On the bright side, Katanga is proving once again  they execute operationally.

[springinhetveld]

Yes, I think so too but would like to see it in the full report. Is not yet on SEDAR though!

[patels96]

Yes its due to the 1.4 Billion net loss attributed to equity that resulted from the KCC recap