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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.

Bullboard (OTCPK:KATFF)

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Comment by Sogosohubidu201on Jun 13, 2019 3:19pm

RE:check out the comments from this guy who works for KCC

@Brandonrr, Interesting, will you be able to post his comments? Thanks.
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Discussion
Comment by Lech1988on Jun 13, 2019 2:38pm

RE:RE:RE:RE:RE:RE:debt for equity, dilution and reverse stocksplit

KAT is still currently paying the interest on the loans at the moment no? I’m sure this was an item on the quarterly report. I don’t think interest accruing now is being recapitalised.  The ...more  
77
Discussion
Post by Brandonrron Jun 13, 2019 2:31pm

check out the comments from this guy who works for KCC

https://www.linkedin.com/feed/update/urn:li:activity:6539415066968752128 He seems to think the ion exchange is going well
114
Discussion
Comment by bigguy56on Jun 13, 2019 2:18pm

RE:RE:RE:RE:RE:debt for equity, dilution and reverse stocksplit

your statement that most mining companies pay dividends is not true. It especially not true of development stage companies. I would have to do a broader analysis to say otherwise. I got out fof the ...more  
71
Discussion
Comment by topdopon Jun 13, 2019 2:09pm

RE:RE:RE:RE:RE:debt for equity, dilution and reverse stocksplit

@Katanga do not delude yourself this is not a mining company that will pay any dividend to the general class shareholders in the forseeable future. It must overcome many, many other requirements from ...more  
82
Discussion
Comment by Katangaon Jun 13, 2019 1:51pm

RE:RE:RE:RE:debt for equity, dilution and reverse stocksplit

I think most mining companies pay dividends. I'm not even sure if rolling the loans is what we want and I'm not sure why they would work on this type of proposal 2 years in advance. Right ...more  
65
Discussion
Comment by Lech1988on Jun 13, 2019 1:28pm

RE:RE:RE:debt for equity, dilution and reverse stocksplit

Correct me if I'm wrong but mining companies (especially mining companies in the process of ramping up operations) never ever ever pay dividends.  As in it is mostly unheard of. The halting ...more  
68
Discussion
Comment by Katangaon Jun 13, 2019 1:24pm

RE:RE:RE:debt for equity, dilution and reverse stocksplit

I agree with you - but if their goal is to realize profits and get their hands on actual money, then rather than waiting for the life of this mine to be done...maybe it is easier to make KAT somewhat ...more  
75
Discussion
Comment by Katangaon Jun 13, 2019 1:17pm

RE:RE:debt for equity, dilution and reverse stocksplit

My understanding is that KCC doesn't owe KAT anymore. That was the whole thing from last year. KCC was getting crushed under the debt. KCC issued more shares to KAT and converted that KCC debt to ...more  
71
Discussion
Comment by Lech1988on Jun 13, 2019 1:14pm

RE:RE:debt for equity, dilution and reverse stocksplit

TBH I don't know how it would work but an equity for debt swap I agree makes no sense. Why would Glencore push to dilute their own shareholdings for yet more shares of KAT instead of rolling the ...more  
70
Discussion
Comment by stockhunter20001on Jun 13, 2019 12:59pm

RE:debt for equity, dilution and reverse stocksplit

why would they do that? who will get the the shares instead of debt?  KCC owes KAT and KAT owes Glencore. If Glencore gets the shares and wipe out KAT debt, what benefit will they get really ...more  
75
Discussion
Post by Katangaon Jun 13, 2019 12:44pm

debt for equity, dilution and reverse stocksplit

I guess the what will happen is that they issue something like 12b shares to wipe out the debt and then do a 15:1 reverse stocksplit. That allows Glencore to take money through dividends tax free ...more  
176
Discussion
Comment by stockhunter20001on Jun 13, 2019 12:43pm

RE:RE:RE:RE:RE:Technical turn around coming up

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?
53
Discussion
Comment by Lech1988on Jun 13, 2019 12:36pm

RE:RE:RE:RE:Technical turn around coming up

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 ...more  
60
Discussion
Comment by stockhunter20001on Jun 13, 2019 11:39am

RE:RE:RE:Technical turn around coming up

@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 ...more  
80
Discussion
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