Katanga Mining Ltd Ord KATFF

Finding its support

[Bullish19]

Prep for the next run up!! Settling around 0.95 for another bull run IMO

[springinhetveld]

Yes, agree. Tree shake seems done. Back up we go. Rinse and repeat from yesterday but at a +10c level. So close around $1.20 most likely...

[sircharlesbarkl]

YESS ...lets get this run going plse!!!  can we get to 1.20 today???

[Bullish19]

Definitely getting ready for a run up... Support around 0.90 (mid .80s at the lowest). Maybe it will hit 1.20 today? Wayyy too oversold given the news that came out a couple days ago.

[sircharlesbarkl]

100% agree...ready for this run to get started again....this is still the largest BY FAR cobalt producer and there is no way Glencore is gonna let Geca just take the profits from this nor do they have the expertise to mine this

[springinhetveld]

Getting a bit sceptical about the run up. Seems we have a big seller that keeps dumping 200k to 300k shares every 10 minutes or so. Is one of the "big boys" bailing? Basically it would mean that Blackrock is selling as they are the only ones who have who have enough shares to be selling that many (or at least had until Monday). Alternatively it could of course also be some traders

[sircharlesbarkl]

damn that sucks....my avg cost is 1.01.....thats pretty safe right?

[springinhetveld]

Do not think that anything is really "safe" with this stock ATM. But I guess there will be some wild swings up and down in the coming days (at least until May 8) unless some news comes out. So you should have no problems getting out and even with a nice profit. But you will need some "cohones" and not be scared out of your shares at a loss at all the tree shaking and games and

[Bullish19]

This is Glencore's reputation at stake. Keep in mind, this is a Marc Rich creation. These guys are absolute killers, they won't be controlled by anyone. Glencore needs a large cobalt production asset. My call is that they will make this happen.