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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

Comment by internalauditon Jun 21, 2018 11:35am
119 Views
Post# 28205781

RE:RE:I hope this helps folks grasp KAT's FINANCIAL ENGINEERING

RE:RE:I hope this helps folks grasp KAT's FINANCIAL ENGINEERING
DonDeanoMarco wrote:
to make it more clear. Admittedly I finally understand. The agreement struck between the two companies involves a $5.6 billion debt-to-equity swap for Katanga Mining Ltd., effectively reducing KCCs debt load . The deal also involves a one-time payment of $150 million to Gecamines and waiver of some mining rights, ....so Katanga mining is taking on debt for equity in KCC, but actually does not change 75:25% split. However, KAT gets 75% of KCC which now has much less debt, albeit KAT shareholders gets the debt on their/our books. In this case gecamines gets a really sweet deal, they get 25% of KCC with much less debt than before.


What do you expect, they were not getting any money from the mining operations? :)
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