Katanga Mining Ltd Ord KATFF

RE:RE:RE:Q3 Financials

[Dragone64]

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2653-tsx/kat/54905-katanga-mining-announces-third-quarter-financial-results.html Operating a mine in the Congo is simply a risky business. I see that here some people are already trying to talk down the Katanga to get a good starting position for a small trading. 10 cents? That's ridiculous. Despite all the problems Katanga is in a much better position than 12 or 18 months ago and the price wasn't even 10 cents. This is not some small mine somewhere in no man's land. This is a big company with 5000 employees on site. Let's look at the numbers: Disappointing the fact that they still made a small loss in Q3. But the loss has steadily decreased over the last quarters. On the revenue side we see: Copper Revenue Q1 146.5m, Q2 204.4m, Q3 246.3m - a steady increase. Cobalt Q1 0m, Q2 181m. Well, if I just extrapolate that to a whole and normal year, then the revenue would have to be somewhere between 1.7 and 2bn. It shouldn't be impossible to get a few cents profit per share.....and you should keep in mind that Katanga does not use yet the full production potential. If the mine runs without any problems, Katanga (and especially Glencore) will earn a lot of money. Concerning the dispute with DGDA I just say the following: The production was not stopped. Imports and exports were stopped. This is unpleasant and will affect the Q4 figures as mentioned by Katanga negatively again. It will surely come to a solution that will cost some money again. As usual this is the case in the Congo. So you will be able to export and sell again. The Congolese state will not just let this cash machine slip through its fingers. My conclusion: It may well be that the SP will fall today. On the other hand after the release of the Q1 and Q2 numbers we saw prices around Can$ 1 and today we are at 43 cents. So if the price keeps falling because some people don't believe in history anymore and you can buy the stock at 40 or 30 cents then I would do that. Katanga is not just a dirty little hole somewhere in the pampas that disappears overnight. Katanga will certainly become one of the largest copper and cobalt producers in the world (Glencore knows how....) and then the value of the stock will certainly be higher than it is today. Apart from that, I still think that Glencore has no interest in supporting its minority shareholders in any way. So, as I see it, Glencore will benefit from lower SP(as they have often done) to tie minority shareholders' shares together. If Katanga were no longer listed on a stock exchange, Glencore would be able to do whatever they wanted without being accountable to anyone.