Post by
mingzhu on Jun 20, 2018 4:27pm
article on kat today
Is it Time to Buy Katanga Mining Ltd. (TSX:KAT) Yet?
https://ca.finance.yahoo.com/news/time-buy-katanga-mining-ltd-123752761.html
Comment by
Kidlaw1 on Jun 20, 2018 5:00pm
Do these guys even do their research properly? The damn article sources the WSJ which is confusing how the debt is being handled and that KAT is issuing 5.6 billion dollars of shares.
Comment by
DrChaos on Jun 20, 2018 7:40pm
@Kidlaw--are you saying this article is not correct in regards to issuing new stock? They didn't add a correction, I noticed. It states: "Glencore said Katanga Mining will issue $5.6 billion in stock, which it will use to retire debt." https://www.wsj.com/articles/glencore-unveils-5-6-billion-restructuring-of-congos-katanga-mining-1528828978
Comment by
faboubi on Jun 20, 2018 10:29pm
So we have to get red of KAT shares quickly before dilution occurs in the coming days. Then, we can buy again once done with a good shares price. I will do.