OTCPK:KATFF - Post by User
Post by
harry22on Nov 22, 2008 12:19am
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Post# 15603511
Here is the analyst comment: very accurate:
Here is the analyst comment: very accurate:"we estimate it cannot continue with its current operations withoutaccess to external financing by Q1/09, Mr. Rutten told clients in anote. "With the Mining Contract Review in the DRC preventing access tomost conventional sources of financing, we believe that there is a riskof equity dilution or business interruption."
The analyst alsoexpressed concern that ramp-up of the Kamoto underground mine continuesto lag expectations in both tonnes and grade, adding "Katanga's lack offunding could result in a further downgrade of long-term productioncapability relative to our conservative 170,000 tonne projection."