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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 > Glencore Onwership of KAT shares..Latest
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Comment by DasuDasu1on Jun 27, 2019 7:49am
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Post# 29868717

RE:RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..Latest

RE:RE:RE:RE:RE:RE:RE:RE:Glencore Onwership of KAT shares..LatestIt doesn't balance out exactly precisely because KAT is not wholly owned by Glencore. Glencore gets all of the interest cash flow, but KAT retail shareholders lose out on their 14% ownerhip because for them, those attributable earnings disappear without ever being seen again. Glencore sharesholders do profit directly from that 14% mismatch. You're right that the other way to profit would be from the equity itself, but I don't think that's their plan.
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