Katanga Mining Ltd Ord KATFF

KAT revenue: copper $6347/t x $300,000=1.9 b

[mingzhu]

cobalt $57500/t x 30000=1.72 b. total 1.9+1.72=3.62 b.This is world largest mine ever as far as revenue is concerned.

[wedgeman]

Now do you thing it's gonna hit 2$ when production start ?  uhhhhhh....

[Bullshat]

This post has been removed in accordance with Community Policy

[patels96]

Bullshat not sure if you know how accounting works, just like your name its all Bullshat lol

[Bullshat]

This post has been removed in accordance with Community Policy

[Bullshat]

This post has been removed in accordance with Community Policy

[patels96]

Oh btw Bullshat look at TRQ (Turquoise Hill Ltd) stock. Given that this company had just over 2 B shares outstanding how they have a stock price of just over $4. Not just that they also have 1.2 B in revenues. KAT has about 1.9 B in shares outstanding they are improving the cost structure of the mine to yield an operating expense of at least $1.65 and they are going to produce 300,000 Tonnes of

[Bullshat]

This post has been removed in accordance with Community Policy

[Stevercan]

Doesn't matter who own the share. The revenue/loss/profit is split equally on a per share basis. Majority ownership gives more flexibility on how things are allocated and 100% of the decision making process.

[patels96]

Exactly Stevercan  Can some please tell Bullshat that. He claims to know how accounting works, this guy is a troll.

[Stevercan]

Katanga owns 100% of Katanga so ALL profits/losses etc are reported as such to this public company. Glencore happens to own 86% of Katanga and will be reported as such on "their" corporate books. Not unlike you and I who own point 0000001 % (or so). Glencore does NOT sweep anything from other Katanga shareholders for accounting purposes. Revenue for Glencore actually has to be adjusted

[Stevercan]

In addition, Glencore gets to write off any losses that incur as they must report the investment in Katanga at lower of cost or market. I suspect this might be one reason they are keeping the company public. Please recall JDS Fitel buying Uniphase. JDS did not loose that $5b in one year. They simply had the large loss in share value of Uniphase from the time they purchased the shares to the value