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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 > Here's likely what's happening & what we haven't been told y
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Comment by bigguy56on Apr 05, 2019 2:13pm
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Post# 29589000

RE:RE:RE:Here's likely what's happening & what we haven't been told y

RE:RE:RE:Here's likely what's happening & what we haven't been told y
capital spending and Revenue/ CGS are 2 different things. Having said that, I looked at the cash Flow Statement and Income Statements quickly and the forecast the future is very difficult. Capital spending would result in a line item for Interest costs on borrowed capital that would go against revenue. Bottom line, Glencore is investing in this mine against a difficult regime (DRC/ Gecamines)... have the reasons for that investment evaporated due to the crash n the price of Cobalt? Copper seems relatively stable.
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