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 > Writing on the wall

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Comment by Sogosohubidu201on Aug 11, 2018 1:36pm

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Post# 28444892

RE:RE:RE:Writing on the wall

For your 1st question, I don't think that the stock will go to 2.82 for the remaining of this year, which may likely be the achievable target by the middle of next year. I think that the share price may remain weak for the next 2-3 months until Q3 coming out, after that share price should recover gradually, particularly after the 2nd train commissioning. So, it will be great buying opportunity for the next 2-3 months.

For your 2nd question, the answer is NO. Glencore will not care the share price of KAT and her efforts are on operation and production, which had been executed very well. The interest of Glencore and us as the shareholders of KAT is aligned with dividends coming from KAT. We all want to receive dividends from (that should be fat) KAT sooner rather than later.

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