Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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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.

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Katanga Mining Ltd Ord > End result of settlement

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Post by DonDeanoMarco on Jun 21, 2018 7:15pm

End result of settlement

Katanga shareholders total debt increased by 1.4 billion. If the stock were trading at $2 this would have reduced the share price to: $1.26/share. So that is what the stock share price should be worth, but this doesn't include the price of cobalt the one time payment of 150 mil to gecamines. So the stock should be trading pretty much where it is $1.11. We are where we are supposed to be. Now you have to figure what cobalts price is going to be. If you think it will continue to go up then the stock is a buy.

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Comment by InternalAudit68 on Jun 21, 2018 8:58pm

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Comment by DasuDasu1 on Jun 21, 2018 9:54pm

Also have to figure out if the new mining code is going to pass and increase the royalties to Kinshasa by a an assload. Plus Kat just agreed to resume payments to Gertler (2.5% of “net sales” from the KCC mine).

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Katanga Mining Ltd Ord