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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 > Cobalt price dropped!
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Comment by tresspaseron Aug 04, 2017 4:45pm
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Post# 26549643

RE:RE:RE:Cobalt price dropped!

RE:RE:RE:Cobalt price dropped!
I am not convinced that Cobalt actually dropped Wednesday.  The news was the opposite:

"Low-grade cobalt prices rose on Wednesday August 2, with suppliers reporting tight supply and frequent enquiries, leading to strong sales volumes."  (This came out early Thursday).

I think there was a glitch on lme.com, that percolated to infomine.com I'm guessing.   A person on the ECS board has access and reports Cobalt prices daily at 7:00CST (lme comes out at 8:30CST), and he reported no change Wed. Combine that with the news articles like the one above, and the fact that it immediately returned to normal levels...  I think there was an glitch.  

It happens.  I once saw my stock go from .40 cents to  $19.00 overnight, lol.  Curiously... no buyers  ;^).


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