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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 > So, How Many Shares Will They Issue?
View:
Post by HillaryC on Jun 12, 2018 4:05pm

So, How Many Shares Will They Issue?

eom
Comment by QianPathFinder on Jun 12, 2018 4:14pm
KAT will issue $5.6 billion in stock to retire debt, huge dilution.
Comment by HillaryC on Jun 12, 2018 5:19pm
So at roughly $2 per share that is 2.8 billion shares. That's crazy. Then the ol' reverse split trick at 1:100. No thanks.
Comment by easymoola2003 on Jun 12, 2018 5:29pm
the PR does not indicate the equity vrs debt split
Comment by Wonnetr on Jun 12, 2018 6:26pm
1:100 would then make one share worth 200 bucks, and the company will be debt free!  Dividends of 20 percent would then drive it to be a 10 bagger!  Cobalt prices will keep rising.
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