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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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 Discussion

Katanga Mining Ltd Ord > Bought T:POM this week. Another GLEN Cobalt vehicle
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Post by topdop on Jan 04, 2018 10:45am

Bought T:POM this week. Another GLEN Cobalt vehicle

POM holds 100% of the very advanced stage NorthMet copper-nickel-precious metals project in northeastern Minnesota. Bought 40k shares @112c. What makes this worth a punt are Cobalt, GLEN control, the much lower country risk profile as well it's a very late stage development project (soon to be a mine). *** In other news and in my opinion any of the Chinese owned pieces mentioned by others in KAT are immaterial. GLEN has 87% of the shares. They get to call the shots. Only in the event of a buyout (and specifically by GLEN, the Majority Shareholder), and under Canadian Law, do the remaining Minority Shareholders get to vote as a block ex: GLEN. The bigger of the minority blocks then become more important. But if anyone is thinking Chinese ownership of KAT is coming, they are delusional and don't know/understand the power of GLEN and the remarkable - like them or loathe them - job they do finding commodity assets, making money in mining & commodities & commodities trading. These are my views only. Thanks for reading.
Comment by topdop on Jan 05, 2018 1:36pm
Fellow KAT Shareholders: If you follow KAT because of the inexorable rise of Cu & Co and because its backed by the world's best metals & mining guys (GLEN), but you are scared of the DRC, I urge you to look at T:POM. They are inching toward FULL PERMITTING in USA after years of steady, methodical risk reduction (... and gobs of GLEN money...). Hehe. News today: "PolyMet Mining' ...more  
Comment by 5asdncu on Jan 05, 2018 5:57pm
thanks we saw your first post. 
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