Katanga Mining Ltd Ord KATFF

Precarious situation for Minority Shareholders

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This is now where we pay very close attention to Glencore and their majority ownership. Although my Seeking Alpha KAT blog was incorrect in its assumptions regarding the recent actions of the Independent Directors, the balance of the blog still stands as valid: this is fast becoming a Precarious situation for Minority Shareholders. I still believe KAT is not long for this world and GLEN could make a move at any time. The question is why wait until all execution risk is removed by KAT in getting to Steady State production at which point this will be an ++$8 Billion company? That makes no sense at all. If I were GLEN Corporate Counsel & GLEN Corporate Bankers, I would be advising the BoD to act sooner than later & take out KAT now. Such action would also enhance their "clean up" of the entire mess that was GEC (renamed Nikanor) (being KOV, Tilwezembe & Kananga projects) and the former KAT & GLEN association(s) with Dan Gertler. These are my views only. Thanks for reading.