Katanga Mining Ltd Ord KATFF

RE:RE:Technical turn around coming up

[topdop]

IMO, @MrIceman here are your answers: all the institutional buyers have vacated this issue a long time ago. Long gone are trade days in which we saw millions of shares per day traded, every day. Given it's +86% controlled by one entity (that coincidentally owns all the lucrative life-of-mine off-takes for all KAT produces), GLEN controlled KAT continues to show it maintains zero interest, capability and/or capacities in establishing other new relationships outside of GLEN ie; with the Street for either the Buy side and/or Sell side. KAT can't even write decent PRs. And when was the last Mine trip? 2007? Also, have you not been following the prices of Co and Cu? This morning in London, Cu is $5.863/t and 3m LME Co is now $28k/t. Directions of both are still down. With our revenue generators (still) going down in value, KAT's next next Q financials may very likely present (a negative) Provisional Pricing Adjustment of some size so don't be surprised; you've been warned. We are not out of the woods. Not by a long shot. With KAT telling us 15 May that "Katanga received a proposal ("Proposal") from Glencore which is designed to address the Company's overall indebtedness to Glencore under the Loan Facilities", it's patently clear to me that further downward pressure has come back to haunt us and nobody knows what might be the result of KAT's review of said "Proposal". 

I know one thing for certain; the outcome will favour GLEN over us.

So it definitely takes a steel stomach to hold this one for sure: I know; I have ~800k shares at 70c... Now if we can just fast forward 2 years, this whole ladscape should be markedly different. But we can't...

These are my views only. Thanks for reading.