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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 Lech1988on Aug 02, 2019 11:18am
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Post# 29988442

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

RE:RE:RE:RE:RE:RE:Glencore 2019 Half-Year Report - KAT RelatedI agree about the reduced guidance, but at the same time Glencore shareholders will get fed up with these assets - cash flow negative mine with reduced production guidance in the world's riskiest mining jurisdiction isn't exactly appealing to Glenore's shareholders (or KAT shareholders for that matter).  The reason you risk mining in the DRC is due to the quality of the resource and at the moment KAT has not shown to be a worthy investment for them (or us).   

How for example they haven't even started building this "ion exchange circuit" is beyond me.  In my opinion its 100% to delay production and bump Cobalt prices up to reduce their negative MTM on their stockpiles.  Why would they want to offtake a metal with a plunging price if they can find some “operational” reason not to?
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