Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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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 > What will happen if the stock price continues to drop ?

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Post by stockhunter20001 on Nov 21, 2019 10:08pm

What will happen if the stock price continues to drop ?

What will happen if the stock price continues to drop before the RO expiry date ?

Of course the Rights KAT.RT will be = $zero

But what will Glen do then? will they exerise thier rights and buy shares at $0.1275 but will that increase the price again to C$0.1295? Or just increase the number of shares in the market place and make the price drop futher?

If yes, then why would Glen exercise thier rights at those high RO prices? Unless they see something that we are missing.

Someone is collecting those shares at very low prices, Is Glen/KAT allowed to buy back KAT shares at those low prices?

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