OTCPK:KATFF - Post by User
Comment by
Cassius1977on Feb 20, 2019 9:13am
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Post# 29387178
RE:RE:RE:Mutanda - best news for KAT shareholders if official
RE:RE:RE:Mutanda - best news for KAT shareholders if officialDragone64 wrote: However, I do not see any kind of catalyst to push the SP higher in the coming 3-6 months....having said that I would think that the SP will move in the range of 40-65 cents. I have also the feeling that Q1 might deliver again a loss. I am more positive for 2020 but I think a SP of above 1.50 is just a lot of wishfull thinking. To many issues, to much debt and cobalt prize will not recover so fast as some might think. So in my view no hurry to accumulate here. 1 bad news and we are back at 40 cents.
As I've said before I'm not a KAT holder so I won't speculate on SP. One area where I think you're mistaken though is the cobalt price. The amount being potentially taken off the market could very easily cause a price spike this year. Particulary considering the delay in developing 811 cathode formulations and the amount of giga factories that are expanding or opening this year or early 2020. They will need feedstock.