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.

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Katanga Mining Ltd Ord > Increase in royalties DRC - no problem

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Comment by Lech1988on Jan 24, 2019 4:53am

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RE:RE:RE:Increase in royalties DRC - no problem

I would add that cost of sales estimate looks high (more bullish) and cobalt price estimation looks too high as well (more bearish).

The elephant in the room here is that Cobalt prices have completely collapsed (and continue to) even with KAT delaying sales by 9+ months. Don't think Glencore finding radioactive cobalt at the same time that GEM backs out of their contract in the face of plunging prices is a coincidence...Glencore knew the market is oversupplied and this will remain the case for several years.

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REITS over single property investments