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Katanga Mining Ltd Ord KATFF

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

Comment by topdopon Apr 18, 2019 7:57pm
287 Views
Post# 29647566

RE:RE:No, I don't believe its "Strategic"...

RE:RE:No, I don't believe its "Strategic"...It's very easy for KAT to produce radiometric cobalt concentrate. They know where the uraninite ore occurs in the greater copper & cobalt orebodies and can raise or lower that ore content as they need in the process plant feed. And the opposite applies too.

No, the conc is not harmful, as in **radioactive** but regardless, the Smelters won't take the product and its not legal anyway for export from the DRC given its higher radiometric levels.

But leave all this aside, where are all your questions as to why we just lost another (this one a "good, qualified and seasoned") CEO? After 3 months? Tell us KAT. Clearly Danny laid out his position to the Board at the end of last month and reflected in the leaky nature of KAT such that CIBC and Paradigm suddenly showed up on the Sell Side out of nowhere and on a big turnaround day for copper, one driven by "new" China deal rumours, sending KAT in the opposite direction to everything else in the space.

Answers are required. Otherwise give me $5.50 a share (now) and I'll stop asking questions Glencore.

These are my views only. Thanks for reading.


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