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.

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Katanga Mining Ltd Ord > where is SOGO and TOPDOP????

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Comment by Lech1988on Nov 07, 2019 2:20pm

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RE:RE:where is SOGO and TOPDOP????

By simply announcing this rights issue the shares have tanked. Even the 15:1 ratio that was mentioned in the filing at 25% discount is now no longer sufficient to raise the required funds due to price crash...if the shares keep tanking this ratio will get absurd.

im not an expert on rights issues by any stretch of the imagination but there must be a limit to how much a company can increase their outstanding share balance. Say we crash to 5c, what are they going to do increase the outstanding share balance by 50x to raise the $5.5 billion?

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