OTCPK:KATFF - Post by User
Comment by
topdopon Apr 26, 2018 11:15am
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Post# 27944212
RE:Several Options for KAT to Solve The Issue - Easy
RE:Several Options for KAT to Solve The Issue - Easy
Sogo... cheers for outlining those Options. The reason I started my Seeking Alpha KAT Blog last year was because of my dissatisfaction at that company's somewhat tardy, lackadaisical disclosure; I felt, and the OSC apparently do/did too, that it was a company being run by Glencore as if it were simply a small wholely owned subsidiary and to hell with Minority Shareholders' rights. All that nonsence with secret Glencore bonuses to people employed (only) by KAT, secret deals with Fluerette Group, side loans to Gertler etc. etc. Since its own IPO and hugely discounted Rights Offering, and now this mess in DRC, Glencore has had to clean up its own act bigtime. With respect to KAT, we've seen 3 of it's stooges booted off our KAT Board and the Glencore Head of Copper replaced too. KAT should, and is now much more independent once again AND the Canadian Regulators are paying attention. I challenge that, unlike in 2009 when Glencore "rescued" KAT, were it to be their intent this time (to wipe out the Minority Shareholders), I think you might find numerous legal hurdles precluding this outcome. What is another avenue not discussed? KAT is producing gobs of money and as the restarted ops really get up to speed, cashflow will be even more robust. That was never the case back in 2009. Maybe KAT Executive should go and speak to the Chinese directly themselves and see if they may like a slice of this viable action? Do you not remember Teck's Don Lindsay signing up China Investment Corp. in 2009 right out of left field? $1.74 billion back then bought 101 million shares at $17.21 each. Teck was in deep doo-doo and facing it's own debt death-spiral, so it was a pretty smart move and Teck didn't just survive, they've flourished since. This is super risky, yes.... but KAT needs to push back against Glencore and do what's right for ALL of its shareholders. And this is yet another option... These are my views only. Thanks for reading.