Katanga Mining Ltd Ord KATFF

You are all right to some extent ....

[ch1nmuzak]

One indisputable fact is that KAT will make tons of $ in the short and mid term while this plays out ;0). in the short and mid term ( up to 5 years), Co will b the mot scarce element required to produxe most batteries. It price will therefore skyrocket. Likely to steady state levels in excess of $100. Who knows ... before a viable alternatove is found and becomes mass marketable ... the price might even get so higj as to make it economic to mine Co for itself. Although this seems unlikely. What it will do is make some marginal Cu and Ni deposits now viable/ profitable mines due to the more sizable secondary income from Co. I If the world economy goes into the tank prior to an alternative appwaring amd base metal peice slump appears ... the Co supply situation will become REALLY dire. The higher Co prices go, the more aggressively alternatives will be researched and more rapidly one will come to market. Eventually Li+ Co based battery technology will b replaced by alternatives that are both safer and based on cheaper constituent elements. New Zinc based cathode batteries are the most likely to replace Li / Co in EVs due to the fact Zn is the third most common base metal element, its therefore far cheaper, and its safer. The military is already piloting them on subs for safety/ relisbility reasons. This alternative route thetefore makes the most sense to invest industrial engineering testing and design effort into. The other alternative for green vehicke transport no one seems to b talking about anymore due to its transport and other safety + technical challenges is hydrogen ... one of the most common elements we have and one that can provide way more power per lb of vehicle fuel/ propulsion constituents weight. If they can figure out a way to transport hydrogen at lower pressures ( = lighter fuel cells / safer ) .. it would make EVs entirely obsolete. From a pure energy conversion efficiency and power / distance travelled per lb of "fuel" .... hydrogen has long been the hands down winner. Its just the most difficult technology to industrialize safely.

[autofocus111]

"One indisputable fact is that KAT will make tons of $"  While that may be true, I would ask how much of that $ will go to servicing the Glencore debt. My guess is a large majority of it will end up straight in GLEN's pockets, not taht of KAT shareholders.

[ch1nmuzak]

Under the assumption thay KAT shareholdrrs.and GLEN do not come.to.a buy out agreement firat .... no doubt the focus of revenues the first 2-3 years of full prod ops will be to reduce debt and then buy back the ridiculous float of shares. What is your point ? Every $ of debt paid off.and every share bought back raises the value of the remaining shares going forward ... that's business 101 and

[autofocus111]

My point is that I suspect a very large percentage of any profits will be sucked up paying the interest on the GLEN loans. Whatver small amount is left over may trickle down to debt principal repayment, but debt reduction will be a very very slow process. I doubt there will be any share buybacks given that immensley burdensome debtload. I also suspect GLEN is perfectly happy sitting there doing

[ch1nmuzak]

the market ... which analyzed KATs potential revenue to debt ( of all types) situation ( see seeking alpha articles dating bak this time last year ) ... would seem to disagree with you ;o). I personally, who DO know how to evaluate the debt payments on a producing mining company's balance sheet vs. its potential revenues + profits and project "tax free date" ... disagree with you

[autofocus111]

I saw the SA articles you refer to. Prior to that, I did some back of the envelope calculations that were underwhelming. Maybe I missed something, but if I recall correclty the loans are ~$5B at 10% so $500M annual inteest payments. The debt is secured, so either way - pay the interest or default and creditor GLEN takes the KAT - GLEN is the hands-down winner, while public common shareholders may

[JimmyBC]

 The $2.10 share price agrees with your statement ,   I am up 472% and have no want or feeling it is time to sell.  Debt is debt - I own lots of companies - Glen core owns 85% of the  Debt in Kat as a shareholder , and we own 15%.    It makes no sense ever for them to bankrupt their own company worth  potentially hundreds of billions, to wipe out our 750

[JimmyBC]

I am actually up 592% - not bad for 6 months,  the .34 cents it’s up today is 3 cents more than the 31 cents I paid. go cobalt go cobalt. long long on Kat,LiCo,FT,Barra Resources,CUZ  sold aredea resources 1 week 50% gain last week.