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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 > Rights Offering: why now and not in 2021?
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Comment by Nolimitson Nov 11, 2019 1:10pm
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Post# 30336028

RE:RE:RE:Rights Offering: why now and not in 2021?

RE:RE:RE:Rights Offering: why now and not in 2021?Hi,
Just to put it into perspective.. At the moment, there is a huge loss due to price decrease. By not taking the rights (which I agree is not feasible) it means that the holdings are further losing value, nearing to zero levels considering the shares that will be issued.
what is the incentive of not selling now; considering that we are not taking the rights, do we expect something better than what we can take now if we sell?
Do you also maybe have the link to the Seeking Alpha blog?
thanks in advance.. I really hope there is some sort of miracle awaiting here, otherwise we are deep down..
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