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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 > Correction
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Comment by topdopon Nov 10, 2019 10:07pm
155 Views
Post# 30334107

RE:RE:RE:RE:Correction

RE:RE:RE:RE:Correction
@gang54 The only thing that won't change I believe is the discount being offered and the amount of debt being converted to Rights Issue shares to be issued. Both are fixed. Everything else therefore must change for the math to work and as the price will be set in the context of the 5 day v.w.a.p. the only other thing will be the number of shares to make the fill. So yes, the ratio will change. Markedly so. 35 to 50 shares for each one Right. That is my best guesstimate. These are my views only. Thanks for reading.
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