Katanga Mining Ltd Ord KATFF

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

[JimmyBC]

 The $2.10 share price agrees with your statement , 

 I am up 472% and have no want or feeling it is time to sell.

 Debt is debt - I own lots of companies - Glen core owns 85% of the 
Debt in Kat as a shareholder , and we own 15%. 

  It makes no sense ever for them to bankrupt their own company worth 
potentially hundreds of billions, to wipe out our 750 million in debt share.

Won’t  ever happen, our 15% of Katanaga at 2.10 cents is worth 600M today.

 Our 15% of 2billion profit is 300 M a year. 

 What business can pay down its debt in 2 years, and make 50% return on initial 
capital for another 50 years ? 

  If you use the 8-10 times scenario of payback for a world class business.

  Glencore would offer say 3 billion for our 15% minus 750m debt. 

  2.25 B for 15%  or around 4 x today’s share price. 

  $8-8.50a share  - $5.00 is highway robbery. 

  This is the only thing that worries me is we don’t get a chance to see $15-20 per 
share on the open market. I have been taken out way to early before.