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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OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > Glencore up 4%

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Post by 60606060 on Jun 22, 2018 10:10am

Glencore up 4%

Nice

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Comment by internalaudit on Jun 22, 2018 10:16am

WIll you accept Glencore shares if they want to buy us small time KAT shareholders out? At what price, $3?

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Comment by 60606060 on Jun 22, 2018 11:32am

I'm getting to think this stock is being held by too many "players" and it's prevented to move back to the earlier price due to this. If Glencore offers something, then no other will counter, so yes I'd sell. We need happy news to break the hold of the Short Positions.

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Comment by topdop on Jun 22, 2018 12:34pm

@60606060 unfortunately, its wishful thinking to believe anyone is or will "counter" Glencore wrt any offer by them on KAT. Why? At last disclosure, we are majority controlled by GLEN (+86%) meaning its extremely unlikely anyone is going to step in their way. These are my views only. Thanks for reading.

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Comment by topdop on Jun 22, 2018 12:27pm

No thanks, not yet @internalaudit... I would rather wait and see our OSC issues settled, all the KCC ops in steady state production and our as yet unknown DRC tax matters properly accounted for with ongoing quarterly balance sheet results AND THEN command a BIG PREMIUM given that (by this time ~ 2020?) we will be massively supported by the robust long-term outlooks both for Cu & Co prices and ...more

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Katanga Mining Ltd Ord