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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

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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Bullboard (OTCPK:KATFF)

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Comment by DasuDasu1on Nov 12, 2019 7:25am

RE:RE:RE:Guessing the Outcome

Ah, if there is a waiver, then the writing on the wall is even more clear. This fills Glencore's coffers because the money from the RO will directly be used to repay Kat's debt, which is of ...more

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Discussion

Comment by topdopon Nov 11, 2019 11:19pm

RE:RE:Guessing the Outcome

@DasuDasu1 thanks for your wonderful contributions. A few realities buddy: Glencore have a waiver against the Majority of the Minority rule. Don't people read the disclosed documents? I guess not. ...more

234

Discussion

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Comment by DasuDasu1on Nov 11, 2019 10:18pm

RE:Guessing the Outcome

That's a next level of delusion if you think the remaining investors in this stock will pump several hundreds of millions to essentially fill Glencore coffers. I'm no expert on corporate law, ...more

217

Discussion

Comment by gang54on Nov 11, 2019 9:30pm

RE:Guessing the Outcome

Thanks Topdop for the detailed analysis! All make sense. Regardless, I will hold my shares until 70 or 7 cents - it makes no sense to sell now.

114

Discussion

Post by topdopon Nov 11, 2019 9:20pm

Guessing the Outcome

These are the mechanics of a Rights Offering ("RO") as well as some guesstimates as to the outcome and note, everything is SUBJECT TO CHANGE. KAT has announced it will raise US$5.7BB in a ...more

329

Discussion

Comment by stockhunter20001on Nov 11, 2019 8:24pm

RE:RE:RE:CIBC

mmmm...Does that mean KAT/glen are buying shares in the open market at those low prices through CIBC?

Discussion

Comment by patels96on Nov 11, 2019 4:36pm

RE:RE:RE:RE:CIBC

To all minority shareholders, dont take up the rights offering as Glencore will take any unsubcribed rights and exercise it. If no minority shareholders exercise the right then Glencore will own ...more

206

Discussion

Comment by gang54on Nov 11, 2019 4:25pm

RE:It's over.......people should move on.

Well, because of your advice, I have decided to stay... It seems like Glencore can do anything to minority - I know big player has some advantages, but I don't think they have that much power to ...more

144

Discussion

Post by mrmomoon Nov 11, 2019 4:04pm

It's over.......people should move on.

Not sure why some here are expecting an osc intervention/investigation or even contemmplating some legal action agianst Glencore. Do you really believe that Glencore hasn't thought about this all ...more

256

Discussion

Comment by Nolimitson Nov 11, 2019 3:30pm

RE:RE:RE:CIBC

Hi guys, Is there a collective action that we should be taking? Take (partial) part or not take at all part at the rights issue? What are the possible outcomes with the rights issue? Does it make ...more

112

Discussion

Comment by topdopon Nov 11, 2019 3:13pm

RE:RE:CIBC

Because CIBC were mandated by the Special Committee to be KAT's Bankers. Read the disclosures buddy.

Discussion

Comment by stockhunter20001on Nov 11, 2019 1:52pm

RE:CIBC

so why would they be interested to buy ? What CIBC knows that we don't know?

Discussion

Post by topdopon Nov 11, 2019 1:45pm

CIBC

Watch this Bank's trades closely. They seem to be building a level at 16c which with a 25% discount, prices an offering at ~12c.

175

Discussion

Post by Sogosohubidu201on Nov 11, 2019 1:41pm

Just called OSC

I just called OSC. A lady received my call. When I mentioned Katanga and Glencore, she immediattely knew it was about rights offering. Looks like that they have received callers with similar issue ...more

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Comment by stockhunter20001on Nov 11, 2019 1:22pm

RE:RE:RE:Rights Offering: why now and not in 2021?

can you and his blog link?

Discussion

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