Katanga Mining Ltd Ord KATFF

Base Building For The Next Move

[SchiffKnowsBest]

Touched 1.01 today and will likely build a base here at 95 over lunch. Look for us to take a run at +$1 towards the end of the day. Easy to see that Glencore is making money hand over fist and the Cobgonese government simply wants a bigger piece of the action. Nothing but air between 1 and 1.20. Shorts will continue to gradually drive this higher as they cover. Me thinks a bigger fish may be accumulating as well.

[iwiber12]

I'm under the impression that 9-12 months from now we'll be back in the 1.75+ Never saw such a volatile stock, touched 0.35 then a few months later 2.83 in the past year, people forget and once the stock seems to take off again, people will buy again.

[crypsis]

It was doing well before the "news", this looks like a minor setback for a major comeback.

[faboubi]

The problem is that this time the issue is serious. The Congolese Governoment can shut off the hole mining operations if an agreement is not reached. This is the risk now. Who can take it and loose all of its money?

[Vaudreuil]

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