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 Sogosohubidu201on Jul 17, 2019 4:26pm

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Post# 29931595

RE:RE:RE:Up 40% this week

I have order of 22k shares at 0.415 today and it took a whole trading day to get 13k shares filled at 0.415.

$2 target by the end of 2019 is too aggreesive. $2 price target by the end of 2020 (next year) will be more likely. I have share price target of $0.8-$1.0 by the end of 2019.

The consolidation at $0.40-$0.45 is almost done as indicated by very low volume today. It looks to be in the process of building the right shoulder of the Reverse Head and Shoulder Pattern - one of the most reliable trend reverse patterns. It is good time to buy now, I think.

The Q2 production report will be out by July 31, which should be better than Q1 with higher produced copper and cobalt volumes. I expect that share price will break through the 200 DMA after Q2 report (or may even be before Q2 report). When this happens, this will truely confirm the start of the ong term uptrend technically.

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