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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 > good read....11 cent swing on 300k volume and no news???
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Comment by Lech1988on May 15, 2019 6:41am
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Post# 29748793

RE:RE:RE:good read....11 cent swing on 300k volume and no news???

RE:RE:RE:good read....11 cent swing on 300k volume and no news???I believe Ivan spoke about the debt forgiveness they did last year with KAT and basically told shareholders it was necessary to increase the speed at which Gecamines would receive dividends from the operation.  They also mentioned that KAT would easily be able to pay off the residual debt over the life of the mine and fairly dramatically boosted their Cobalt demand estimation from EV’s over the next 5 years.  

Not surprising we saw a pop as the stock was massively oversold.  Volumes are still fairly anemic though. 
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