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.

OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord

Bullboard Posts

Post by TAPickson Apr 21, 2011 9:22am

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Post# 18467993

Too early on this one but looking good now

Katanga Mining Limited (TSX: KAT)Took position in this one too early as I though it would break its $1.89 resistance line and instead it closed the day with a big fat red candle. This was 2 weeks ago and is a swing trade for me so I kept it and I'm glad I did as it finally closed about the resistance line on above average volume. My initial target on the play is $2.10 for gains of 11.1% and from there, I'll decide if I stay in or not. This is top of the trend channel and based on the indicators it could very well do more than that.