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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 > WTF, soon to be trading above 60 cents
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Comment by Lech1988on Jan 10, 2019 12:37pm
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Post# 29213034

RE:RE:RE:RE:RE:RE:WTF, soon to be trading above 60 cents

RE:RE:RE:RE:RE:RE:WTF, soon to be trading above 60 cents
There is a 17 year mine life for KAT's assets so yes the debt level is easily managed despite the big headline number.

That being said the big debt number for a mine in the process of ramping up in the Congo would most definitely not comply with most funds investing mandates haha.  

Also remember these loans from Glencore are very lucrative for them and it's not like they are going to refuse to extend the funding for the worlds largest cobalt mine just as the EV market is due to explode...
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