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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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.

Bullboard (OTCPK:KATFF)

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Comment by JanineK22399HHon Aug 07, 2019 10:24am

RE:RE:RE:RE:so are we next?

Just checked most of Cobalt producers are trading FLAT or UP , Kat is almost the only one down big...it's  1) bad ER? (production cut...etc.) 2) Glen related?  3) Trade war (China US) - ...more  
Post by Brandonrron Aug 07, 2019 9:45am

I know everyone is sick of seeing these articles but here is

one anyways https://www.forbes.com/sites/korihale/2019/08/06/teslas-megapack-battery-ambitions-could-drain-cobalt-supply/#7ba24682b8c9
Comment by Brandonrron Aug 07, 2019 8:37am

RE:RE:RE:so are we next?

I just know Glencore owns both so when one goes down you worry about the second foot dropping. it looks as though there is nothing to worry about after the call but to say it has nothing to do with ...more  
Comment by topdopon Aug 07, 2019 8:37am

RE:RE:RE:RE:Glencore's Comments on Katanga

Thanks for the updates @Lech1988. Cobalt is already reacting: today's LME 3m is US$28,300/t vs US$26,000/t yesterday after GLEN putting Mutanda into temporary care & maintenance (year end ...more  
Comment by Lech1988on Aug 07, 2019 7:31am

RE:RE:RE:Glencore's Comments on Katanga

Glencore has a history of doing this, they are not afraid to yank production from the market to boost prices.  Its clear they are absolutely determined to get KAT up and running quickly as it ...more  
Comment by JanineK22399HHon Aug 07, 2019 6:25am

RE:RE:Glencore's Comments on Katanga

Bloomberg:  '“This should lift sentiment in the global cobalt market,” Daniel Chen, analyst at CRU Group said by phone from Guiyang in southern China. “Previously, consensus was that ...more  
Comment by Lech1988on Aug 07, 2019 5:00am

RE:Glencore's Comments on Katanga

Glencore also admits that stopping production at Mutanda will cause a deficit in the Cobalt market. In my opinion the earnings call was very positive for KAT as its clear they view it as the jewel of ...more  
Post by Lech1988on Aug 07, 2019 4:04am

Glencore's Comments on Katanga

Glencore's earnings call states that once Katanga gets to steady state it will be making $1.3 billion EBITDA (1.73 billion CAD) Do the math where the stock should be trading
Post by Sogosohubidu201on Aug 07, 2019 12:27am

Glencore to halt copper and cobalt production at Mutanda

Approximatelly 200k tonnes of copper and 27k tonnes of cobalt were produced at Mutanda last year, the largest cobalt mine in the world. Glencore to halt production at the end of this year. This news ...more  
Comment by topdopon Aug 06, 2019 8:15pm

RE:RE:KAT Q2 Financials are out

Agreed @bobsacramento. As I've said many times before, Glencore will wrestle back control of that commodity, principally Co. In the PR, they also state: "These improvements are expected to ...more  
Comment by bobsacramentoon Aug 06, 2019 6:58pm

RE:KAT Q2 Financials are out

Considering the environment, it’s much better than Mutanda’s fate.  Management doesn’t want to ruin Ivan’s presentation given that I think he will lay out the “financial plan” tomorrow. I wonder ...more  
Post by topdopon Aug 06, 2019 6:49pm

KAT Q2 Financials are out

"Initial indications suggest there may be scope for margin improvements in the order of $200-250 million per annum. Further work needs to be undertaken to develop detailed implementation plans to ...more  
Comment by Lech1988on Aug 06, 2019 5:25pm

RE:RE:so are we next?

The announcement had nothing to do with KAT
Comment by JanineK22399HHon Aug 06, 2019 3:51pm

RE:so are we next?

Now we know why things are not moving forward at Kat. -:(
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