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.

OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord > what will this thing require to move

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Comment by topdopon Aug 29, 2018 2:58pm

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Post# 28537634

RE:RE:RE:RE:RE:RE:RE:what will this thing require to move

One has to have patience in this market @Sogosohubidu201. Nobody has a crystal ball and the Chinese seem to have "Weaponized Cu" * in reaction to "Trump Tariffs":

Starting mid-June, the Cu price collapsed under a sustained onslaught of selling sparked by the liquidation of a massive long position in China and into thin summer trading causing prices to fall and inspiring others to trade the momentum lower.

That led to a 21% fall in the Cu price, leading other base metals lower. Cu has since recovered by 7% (US$ 6,106/t) leading a recovery in other base metals.

Given this, I really think T:KAT, at 78c IS THE BOTTOM. We may swing a few pennies either side of that number through to Canadian Thanksgiving, and that would be opportunity on weakness, in my opinion.

Then Q3 is upon us and (hopefully) massive free cash flow becomes apparent and all changes...

These are my views only. Thanks for reading. * Credit the "Weaponized of Cu" to London Mining Analyst, John Meyer, SP Angel (No. 1 Broker for AIM mining stocks in London).

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