Katanga Mining Ltd Ord KATFF

Technical turn around coming up

[MalayalamFTW]

The stock is oversold on the daily RSI chart

[topdop]

@malayalamFTW may be so but it still hasn't hit my Buy target yet & we have all of the summer still to get through. Fundamentally, without proper Insto buying, Retailers will continue to get spooked & bail, pushing KAT to deeper, more unreasonable levels. This is the psychology of the markets & it happens all the time. These are my views only. Thanks for reading.

[MalayalamFTW]

@topdop the last time it was oversold like yesterday on the daily chart was in August 2011 :D You are being really greedy here Mr. :)

[stockhunter20001]

topdop what's your limit price?

[MrIceman]

Mine was .41 when I bouilt my 300k+ position in the early May, but a trader can not and never will reveal his plans before hands. Do You think topdop would tell he is standing at .39 buying everything he can? You can not tell that before the fact. He will disclose his secret plan once his position is loaded up. That's what I do, too. Will I buy more or start loading off? I will never tell you

[MalayalamFTW]

a round of applause please :-)

[MrIceman]

For what? The stock is trading at .40 again. Do you have any idea how many traders saw the RSI overosold? Do you have any idea how mad I was when I read your post on May 5th? I had some cash waiting to buy. I saw the moment had come: it was time to start buying heavy. I started buying and I built a position of over 250,000 shares in the beginning of May after following this stock for over 1.5

[MalayalamFTW]

Sorry for your disappointing result. I don't think a deliberate stock pump with low volume is a sustainable idea to earn fast money in the current trade war environment. Even if we had a stable environment it was certainly a bad tactic.

[topdop]

@MalayalamFTW +1

[MrIceman]

May I ask, has anybody made any money with this stock lately? I mean, isn't stock market about making money, not losing it? If I want to get rid of money, I can feed a paper shredder with 100 euro bills all day long. In some way it is way more entertaining than watching the globally #1 Cobalt mining stock KAT sliding endlessly. May I ask, where are all the buyers? 0.38 isn't all that

[topdop]

IMO, @MrIceman here are your answers: all the institutional buyers have vacated this issue a long time ago. Long gone are trade days in which we saw millions of shares per day traded, every day. Given it's +86% controlled by one entity (that coincidentally owns all the lucrative life-of-mine off-takes for all KAT produces), GLEN controlled KAT continues to show it maintains zero interest

[Brandonrr]

Thanks for the post Topdop. You say "Given it's +86% controlled by one entity (that coincidentally owns all the lucrative life-of-mine off-takes for all KAT produces), GLEN controlled KAT " ...Does this statement mean you believe glencore will get the resources at a discount from KAT becuase I would think the DRC would put a stop to that quick as they would want this company to be as

[topdop]

@Brandonrr no its a statement to simply show who actually holds all the downstream economic benefit of everything KAT does (or will do). KAT's off-takes will be at market prices so the conspiracy you (might be) suggesting whereby GLEN somehow gains better prices for these metals is not valid. These are my views only. Thanks for reading.

[Brandonrr]

Understood and agreed...looks like the price is still in a downward trend...anyone picking up shares or waiting for target price? I've been in and out of this one and my last buy was at 56 cents so I am just holding for now but might pick more up and average down

[stockhunter20001]

@topdop, give us your insights about that "Proposal" what are our chances that this proposal will help drive the SP higher and stop bleeding? what would be the bad outcome from that proposal for us minority shareholders?

[Lech1988]

I'll let him reply but for me the "bad" outcome is any kind of equity raise.  To raise an amount of money to even make a dent in our debt load they would need to raise the oustanding share count many times over.  

[stockhunter20001]

The questions are: -Why would that happen? -Who will benefit from this? -What benefit will that bring to DRC and GLENCORE? -Can this happen under the OSC regulations?