OTCPK:KATFF - Post by User
Comment by
Kidlaw1on Jul 03, 2018 12:15pm
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Post# 28262589
RE:RE:RE:Giving up
RE:RE:RE:Giving up
honestly KAT gives me nightmares some days... but I hold on because the EV revolution is government backed and government mandated. The thing with government policies and infrastructure changes, is that it takes years (5-10 years) for the masses to see and feel the impact.
We are still in the begining stages, of this revolution and KAT has first mover's advantage and will be the biggest, but because we are in the beginning stages, and a lot of bribery and corruption went down in the aquisition of the mine which was unavoidable, the impact of those decisions are being felt right now. Katanga by the end of 2019 will be making $4billion+, that's 4x then what it was making before the upgrades. As prices rise with the supply constraints, so will KAT's revenue. Glencore and all parties involved knew the risks, I am sure they anticipated that western countries will "frown and condone what they are doing" and "probe them" and "take them to court". I am sure Glencore has mitigations for that scenario.
We are going to have to hold the door on this one because at the end of the day.... the world needs cobalt.