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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Katanga Mining Ltd Ord

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Post by harry22on Nov 22, 2008 12:15am

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Post# 15603505

Another POS! The company lost huge money: $66 M.

in the past 3 quarters: totally: $66 million, Man, it was vast.

Now, it's facing going concern with little cash as the analysts comment.

Actually, It doesn't have $170 million now after it has spent so big in their lost productions. The analysts said the company is facing a financial crunch currently.

This was exactly WHY it went down to so low and will go lower as the tax-loss selling season coming.

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