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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 MrIcemanon Jul 15, 2019 10:02am
85 Views
Post# 29920221

RE:RE:RE:My SA post from 3 days ago

RE:RE:RE:My SA post from 3 days ago
topdop wrote: Market cap currently CAD$760 miliion; should be closer to CAD$4 billion in my opinion... you do the math...

 



Yes, I totally agree. KAT should be trading at around CAD 2 by now. That's the fair value for this stock. Seeing how hard it is for KAT to rise over .50 is an anomaly. At this price level everyone and their brother should be buying this stock all the way up to CAD 2, and after that start looking for opportunities to take quick profits at CAD 2.00-2.50.

I'd like to see KAT at CAD 1 by the end of July (2019), and at CAD 1.50 by the end August. That would be over +200 % in 6 weeks, and we would still be trading well below the fair value of this stock. As topdop hinted above, KAT should be valued at around CAD 4 billion, not CAD 850 million.
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