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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 2019 Half-Year Report - KAT Related
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Comment by MrIcemanon Aug 01, 2019 12:30pm
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Post# 29984589

RE:RE:RE:Glencore 2019 Half-Year Report - KAT Related

RE:RE:RE:Glencore 2019 Half-Year Report - KAT RelatedIt seems like KAT is little bit of a pain in the *** for Glencore, so why not sell the troubled asset to Chinese? I have a feeling Chinese always are looking to strenghten their world domination in base metals. Why wouldn't they like to own two largest Cobalt mines in the world? China Moly already owns the majority of the #2 mine.

It would be intresting to see Glencore sell their stake in KAT to Chinese. The only issue might be the price: Despite all the problems and hiccup's, Glencore would not sell its entire stake at CAD 2.00 per share, as KAT is way more valuable. Which leads us back to the question: why is the stock trading at 0.40 when 2.00 per share would be (most likely) too little to buy Glencore's stake in KAT?
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