Katanga Mining Ltd Ord KATFF

The question now is...

[bigguy56]

what worse can happen to the stock? Can it go lower, if so, how low? My belief is that this crash started last Wednesday when news was announced that called into question the certainty of this deal with the government. The exact wording was that written verification of the deal was required. The resignation of the COO may or may not have to do with the state of the company. It might simply be a personal decision on his part. It certainly sends the wrong signals. IMO Glencore handled the release of the news badly. TO release what seemed like a total solution and then to call it into question is quite poor. They also released the initial news during the course of the business day, which is bad in terms of fair dissemination of information. I see the stock returning to it's lowest levels (.50 to .80) if this deal falls through. Can worse things happen? Like what? Some kind of nationalization? I am just brainstorming... not really sure. I don't think the stock can go any lower than this and may improve slightly if nothing happens. I noticed today that the Accumulation/ Distribution line finally levelled out. The selloff appears to be over and the stock price did not have a net fall during the day. It opened at .15 ad closed at .15... or close. I would give this a 90% chance of the deal being successful. The other 10% is a horrible outcome and badly handled by Glencore. So, best thing is simply to hold and cross your fingers.