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 > Balance sheet analysis

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Comment by organeeron Nov 22, 2019 2:42pm

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Post# 30383470

RE:RE:RE:RE:Balance sheet analysis

Complete speculation here, but if you read the prospectus, they described how "CIBC" advised them on different steps, and it sounds like it was CIBC who told them that this RO was a way to proceed to extinguish the debt.

This also means the traders at CIBC may be buying KAT some KAT shares? I don't know for how long but the big 5 banks definitely have active managers who are doing both long and short term holds. When Home Capital Group had their crisis years ago, CIBC jumped in and over tripled their investment.

How much do big institutions have to buy to prevent a GLEN 90% majority? 2B shares total right now trading for 0.12 cents. 10% of that is 20 million shares. 20 million shares at 12-13 cents is like 2-3 million bucks, which is pennies for CIBC.

just some thoughts

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