OTCPK:KATFF - Post by User
Post by
Sogosohubidu201on Apr 25, 2018 11:51pm
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Post# 27942166
Debt to Equity Conversion - Very Unlikely
Debt to Equity Conversion - Very UnlikelyDebt to equity conversion as indicated by Katanga Mining PR will not be agreed by Gecamines since it will dilute Gecamine share in KCC. Currently Gecamines owns 25% KCC. Any debt conversion to equity to increase Katanga's share and reduce Gecamines' share in KCC will not be acceptable to Gecamines. Gecamines take this opportunity to force Katanga Mining/Glencore to reduce KCC's debts she owed to Katanga Mining.