Katanga Mining Ltd Ord KATFF

Entry point

[cyanide5]

Looks like a great entry point here. I am bullish copper for next 2+ years.i have a couple of questions for this board and it would be great if someone can answer.

1) this stock was a 2+ dollar stock before the legal proceedings. Now that there is a settlement why is the SP still depressed?
2) with copper up recently, why has Katanga not followed? 

Is there something I am missing here? I don’t follow KAT closely but looks like a great entry point. Already own some others in the space and looking to diversify with a small positon here.

[NewfNewf]

I beg to differ. How much insider buying has been done in the past 6 months while the stock price goes down? ans zero. That's enough for me to sit back and wait.

[DasuDasu1]

Slightly below $2 is more accurate. All commoditites were a bit hyped up at the beginning of the year. The SP is stil depressed because people came to fully realize that Kat's minority shareholders are the only losers of this deal. The Congolese-owned Gecamine got to offload some of its debt and put it on Kat's balance sheet. Glencore doesn't care because it's debt owed to itself.

[Lech1988]

Wasn't the actual impact to shareholders balance sheet wise from the deal fairly minimal in the grand scheme of things? 

[topdop]

Thanks for your comments @DasuDasu1 In respect of your quoting me: "Topdog (sic) thinks the Ontario Securities Commission is going to stop this madness and force Glencore to buy the remaining shareholders out, but I wouldn't count on it." You happen to be quite wrong. I have never said that. What I have said is that, IN THE EVENT OF A FORMAL BID, minority shareholders would (and

[Brandonrr]

"If one doesn't, then one's investments may be as effective as an ashtray on a motorbike. " LMFAO ..haven't heard that one before but I am using it! Read more at https://www.stockhouse.com/companies/bullboard/t.kat/katanga-mining-ltd?postid=28676573#EOQOoioiCptRxjfV.99