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 > Up 40% this week

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Comment by MrIcemanon Jul 17, 2019 3:56pm

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Post# 29931411

RE:RE:Up 40% this week

I got my buy order filled 50 minutes into the trading day. I bought 28k share at 0.42.

Today, the volume is just ridiculously low. There are no buyers nor sellers. Nobody is stupid enough to sell a single share at this price level, yet nobody seems to be interested in buying KAT at 0.42 even if KAT should be trading at around CAD 2, and have a market cap of CAD 4 billion.

With no production at all and only a promise of future ramp-up made KAT soar from 0.42 at the and of May 2017 to CAD 2.83 by the end of 2017. Now we need another one of those rallies. I wish we'll see KAT at CAD 2.00 by the end of 2019, and that is a conservative price target.

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