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 > You are all right to some extent ....

<< Previous

Bullboard Posts

Next >>

Comment by autofocus111on Jan 02, 2018 10:14am

144 Views

Post# 27260746

RE:RE:RE:You are all right to some extent ....

My point is that I suspect a very large percentage of any profits will be sucked up paying the interest on the GLEN loans. Whatver small amount is left over may trickle down to debt principal repayment, but debt reduction will be a very very slow process. I doubt there will be any share buybacks given that immensley burdensome debtload. I also suspect GLEN is perfectly happy sitting there doing nothing and sucking KATs profits dry, just like any loanshark would be. And if KAT manages to somehow dig itself out of that deep debt hole, then, and only then, will GLEN pull the trigger and buy out the rest of the shares it doesn't own.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China