Post by
Sirk77 on Jul 10, 2017 2:26pm
Katanga Production
Having read as much as I can regarding the current situation with Katanga mining and the imminent restart of production. This seemed to me to be a great stock to put money into, especially because it is near the beginning of an upswing.
I do have a question for anyone who may know... I didn't see anything about what happened to the share price in 2007 or 2008 whichever it was where the share price dropped from 25$ or higher... I know that there was a swing in commodities prices but what was the catalyst for the sudden drop in share price? Anyone here able to summarize?
Comment by
sanddevil on Jul 10, 2017 3:16pm
Sirk ..... collapse in Commodity prices. Plain and simple. They were not the only ones. Look at Teck Corporation. You could buy them in January of 2015 for $3.50. They went to $35 a year later. Teck was at $52, went to $4. Went back to $60 ..... back to $4. Now back near $30 KAT will be several dollars soon enough .... SD