Post by
SchiffKnowsBest on May 01, 2018 11:50am
Bounce From Oversold KAT
As per usual, operations start running full tilt, the powers that be then move in and take a bigger chunk of the pie since they see the enormous profit potential at current cobalt and copper prices. Watch for KAT to push back to $1 by the weekend, as this is way oversold and the shorts will start covering and take their profit.
Comment by
tresspaser on May 01, 2018 12:23pm
The problem is the uncertainty everyone understands better exists with business in the DRC. It's a reality check. Everyone now knows the free-market may not exist tomorrow in the DRC, companies will have to pay 50% to Kibila, and Kibila is in cahoots specifically against your company. It's not like the US. you can lose everything in a blink of an eye. This dampers enthusiasm a lot.