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.

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Katanga Mining Ltd Ord > debt for equity, dilution and reverse stocksplit

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Comment by Lech1988on Jun 13, 2019 1:28pm

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Post# 29823147

RE:RE:RE:debt for equity, dilution and reverse stocksplit

Correct me if I'm wrong but mining companies (especially mining companies in the process of ramping up operations) never ever ever pay dividends. As in it is mostly unheard of.
The halting of Cobalt exports this year completely screwed up their plans hence why KAT had to seek additional financing from banks guaranteed by Glencore. I think the plan was to have KAT fully self-sufficient this year with the goal to start paying down the debt once fully ramped in 2021.

The thing that people must remember is KAT WOULD NEVER HAVE BEEN ABLE TO PAY OFF THE DEBT IN 2021 EVEN IF THE RAMP UP WENT PERFECTLY, THE MATH DOESN’T ADD UP.

The "proposal" by Glencore was an inevitability and personally I think it will be primarily the rolling of the loans

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