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Katanga Mining Ltd Ord KATFF

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

Post by Dirt2Oil13on May 08, 2018 12:55pm
271 Views
Post# 27998569

Usually an auditor is appointed

Usually an auditor is appointedThe court may appoint an independent auditor to check facts.If Katana has made efforts to resolve debt,if debt has been resolved on or before court no request to dissolve can take place.There are three or more issues here 25% partner wants lower loans and better deal. Former partner wants his cut and DCR has raised royalty from 2% to 10% ouch and Gencore has mine that can produce 2.9 billion per year and has to clean up the mess .To much at stake here Glencore will get smaller piece of of Cake but will get it done chance of loosing rights just numbers game.Dirt2Oil13
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