Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

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.

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Katanga Mining Ltd Ord > My rough estimates of earning and SP

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Comment by Gws0623on Jun 20, 2018 12:24pm

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RE:RE:My rough estimates of earning and SP

Note 26 from the Dec 2017 financials shows a US$4.5 Billion tax loss carry forward for the DRC. This wasn't part of the Gecamines settlement so I imagine it still applies. These losses can be applied against 70% of taxable income in any given tax year and should provide a nice tax shield for at least 3 or 4 years, even with a 50% super tax.

Sogo, what do you think?

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