Post by
Stevercan on Jul 31, 2017 12:03pm
At some point, KAT will be halted.
Its been fun to play, but it has too much attention now. Here are a few other tidbits: 1. No new share options have been granted since 2014. 2. I emailed investor relations a few weeks back. Simple question and they never got back to me. 3. If this is so great, why did Glencore not buy up the remaining 16% at 20 cents? 4. Why would Glencore allow you and me to buy in and make money when they took all the risk? 5. Irregular payments are never a good sign and they knew about this long before the news came out. I predict it will be halted, Glencore writes off the loss against the parent. Buys the assets for next to nothing and KAT will be long gone. Total fresh start with no debt. If it gets halted, it probably will never re-open. Yes, Cobalt has value. I doubt we will ever see a penny (copper penny or not).
Comment by
Wonnetr on Jul 31, 2017 12:23pm
Copper Penny's don't exist in Canada anymore.
Comment by
Stevercan on Jul 31, 2017 12:32pm
...was an attempt at humour
Comment by
Stevercan on Jul 31, 2017 1:13pm
totally agree. I was in the Sino Forest issue. Got out day 1. Anyone who stayed in lost everything.
Comment by
shotfac on Jul 31, 2017 1:18pm
is this a conspiracy theory ?