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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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Comment by Rockafellowon Jun 27, 2019 2:13pm

RE:Sad Event Shows the Vacuum at the Top of KAT

Reuter report says this event happened in Feb and 31 miles from mine by a sub contractor SO what is your problem Big Guy?????????? Wait for Kat to fall to 20 c and top off your account to 1 million sh ...more

Discussion

Comment by patels96on Jun 27, 2019 2:08pm

RE:Sad Event Shows the Vacuum at the Top of KAT

Hi Topdop, I'm doing the same and reporting them as well to the regulatory agency...100% agree that KAT is the reporint issuer and KCC is owned by KAT Best,

Discussion

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Post by topdopon Jun 27, 2019 1:50pm

Sad Event Shows the Vacuum at the Top of KAT

I don't mean to use a very sad, needless event as an example, but as a +800k share Minority KAT Shareholder, folks on this b.b. and over at my SA KvN KAT Blog have grown to understand I'm also ...more

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Discussion

Comment by Lech1988on Jun 27, 2019 12:23pm

RE:RE:RE:RE:You think it couldn't get any worse...it can

Yeah this isnt really GLEN or KAT's fault - just a sad accident.

Discussion

Comment by Sogosohubidu201on Jun 27, 2019 12:18pm

RE:RE:RE:You think it couldn't get any worse...it can

KCC is committed to acting responsibly in a manner that respects human rights and in line with its commitments to the Voluntary Principles on Security and Human Rights. The incident has not had an ...more

Discussion

Comment by patels96on Jun 27, 2019 12:11pm

RE:RE:You think it couldn't get any worse...it can

https://www.glencore.com/media-and-insights/news/announcement-regarding-fatalities-of-illegal-artisanal-miners-at-kcc ragically there were 19 fatalities today, with possible further unconfirmed ...more

Discussion

Comment by Lech1988on Jun 27, 2019 11:59am

RE:You think it couldn't get any worse...it can

An unfortunate accident but no impact on activities or production. Very much a sad case of desperate people trying to steal ore from the mine.

Discussion

Post by Lech1988on Jun 27, 2019 11:13am

You think it couldn't get any worse...it can

At least 36 illegal miners killed at KCC as part of the mine collapsed. Will inevitably have a large impact on production this year. Glencore is tanking though KAT hasn't moved much.

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Discussion

Comment by patels96on Jun 27, 2019 9:30am

RE:RE:RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

I don't want to argue just look at intercompany and related party transaction under IFRS. If a company has significant influence over it's subsidiary then it will be accounted for using the ...more

Discussion

Comment by DasuDasu1on Jun 27, 2019 7:49am

RE:RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

It doesn't balance out exactly precisely because KAT is not wholly owned by Glencore. Glencore gets all of the interest cash flow, but KAT retail shareholders lose out on their 14% ownerhip ...more

Discussion

Comment by DasuDasu1on Jun 27, 2019 7:43am

RE:RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

Yeah, because the DRC had leverage: do as we want or we nationalize the mine. Retails here don't even have a board member that pretend to care about them. And let's not forget that Glencore ...more

Discussion

Comment by patels96on Jun 27, 2019 7:12am

RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

I'm saying that interest income on GLENs P&L gets eliminated due to accounting for consolidation. GLEN still gets the interest payments but due to accounting doesn't trickle down to ...more

Discussion

Comment by Lech1988on Jun 27, 2019 3:44am

RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

The DRC literally came after Glencore last year for extracting too much value from these companies via egregious debt and debt servicing cost...do we really have that short of a memory?

Discussion

Comment by DasuDasu1on Jun 26, 2019 10:01pm

RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

KAT's debt might balance out inGlencore's balance sheet, but it doesn't if you're only a KAT shareholder. Furthermore, the interest payments are indeed flowing from KAT to Glencore ...more

Discussion

Comment by Gws0623on Jun 26, 2019 8:03am

RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

I would love to see your model. please send to list623@me.com

Discussion

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