Katanga Mining Ltd Ord KATFF

RE:GLENCORE BUYBACK AND THE KAT UNDERVALUE

[katangan18]

When GLENCORE start to initiate the buyback worth $1bn, is KAT could be a part of the pie? No matter what the price at LME this does not affect KAT production due to the huge volume of COBALT under ground plus its capability to refine the minerals. Comparing with other mining company and their share value, KAT is very undervalued.  


As stated in this aticle (https://ca.reuters.com/article/businessNews/idCAKBN1JV0J4-OCABS) GLENCORE sees that the share value of the company is undervalued and decided to initiate a buyback as early as possible to give the incentive to their investors due to external pressure or recent issues. Out of  US$1bn worth of share to buyback, US$463 million to buyback the GLENCORE share and the remaining US$573 million is under the discretion of the company or Citigroup which is the GLENCORE Broker. It could be the KAT is part of the Buyback due to potential revenue jump at the end of the year and so undervalued. Also KAT is the strategic part of the business due futurestic demand of EV, realization to reduce air polution and the revolution of intellegence application, COBALT is there to fulfill the dreams of the future. Untill now the anouncement for new "COO" for KAT
has not yet declared there must be a big preparation and good news for KAT coming, so be prepare for the next jump for KAT it will be a big big jump for the Share " my estimate could be a $3 jump" by end of August.