OTCPK:KATFF - Post by User
Post by
Sogosohubidu201on Dec 27, 2018 2:58pm
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Post# 29160811
Welcome to 2019 - Just picked up 14K shares of KATFF at 0.36
Welcome to 2019 - Just picked up 14K shares of KATFF at 0.36Almost done my accumulation of KAT/KATFF. Now own over 1.4 million shares with average price of around 0.70-75 cents Canadian. May pick up some more shares in the next few trading days.
A large scale of civic war that may affect the mining operation in the DRC Southern copper belt is very unlikely due to small and weak anti-government troops who are mainly operating in the North-East of the DRC.
Two issues would still needed to resolve: (1) re-start the cobalt export and (2) negotiation on the DRC custom fine. Glencore issue with US and UK investigation would not directly have impact on Katanga Mining. This is still years' away. Mostly likely Glencore will settle with US and UK governments eventually.
I do feel that the share price will start to move up from early January and KAT will be around $2 - $3 by the end of 2019 with the price appreciation mainly occurred in the 2nd half of 2019.
Welcome to 2019!