Katanga Mining Ltd Ord KATFF

Tranqui tranqui peeps

[topdop]

I speculate we should see a decent "KAT bounce" today; this KAT being one that's very much oversold.

Yesterday's weakness was nothing to be concerned about:

It's important to note that volumes trading have been miniscule indicating that little, if any, is coming back to market from Professional and Institutional holders - yesterday's trade was a typical "panicked retail" day with inexperienced holders bailing at precisely the wrong time and giving the likes of me, opportunity to add 50k (more) of their shares at 67c;

Our assets in DRC are very large, modern, industrialized, SECURE facilities;

They are a million miles away from Kinshasa (metaphorically speaking) and Katanga province is very peaceful in DRC terms very different from the North East where Banro is for example;

Our production capacity is on the ascendancy, both for Cu & particularly Co;

Our C1 costs will be coming down (greatly);

We have already blown out every "one-time-cost" last quarter;

US has reached out to China for Trade Talks and China has warmly accepted;

Copper's on the up: today it's US$ 6,026/t vs US$5,907/t yesterday. LME copper climbed +2% to $6,026, while rising +1.8% in Shanghai driving +2% rise in LMEX index of SIX BASE METALS on Wednesday, the most in almost 4 weeks; and

Cobalt is also up: LME 3m is US$63,000/t vs US$62,000/t yesterday.

These are my views only. Thanks for reading