Katanga Mining Ltd Ord KATFF

Shares outstanding

[johnny54]

Can one of the bold psychics who predicts this to be a five to $10 stock please explain how every comparable mining stock which is pulled on the overview on TD doesn’t even have a fifth of the amount of shares?  I’ve asked this question three times I understand people like to pump or talk trash to make their couples and swings but please tell me on the long term with that many shares how this company can become $10 when those comparable stocks range from 5 to 9 dollars but have under 100 million shares please someone enlighten me?

I mean it’s not like I’m a tire kicker fishing around For answers either I do own 300,000 shares and I am long on the stock because I have no choice to be..

[springinhetveld]

Katange is a BIG operation. That is why the number of shares still allows a $10 SP. And the computation is relatively simple They are planning to produce 300ktpa Copper (Cu) and 40ktpa Cobalt(Co). The prices for these (from their last report) are about 6k$/t and 70k$/t respectively. The production costs are not 100% from the report but should be around 3k$ and 10k$ respectively. With these

[Johnnyola1]

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[Katanguero]

I this case, i am waiting hungry a very high div yield.

[InternalAudit68]

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[johnny54]

You seem like a bit more of a realist so where do you place sp with those numbers

[InternalAudit68]

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[Lech1988]

The mood in the sector is dismal right now so and I am so dismayed that I am almost inclined to agree.  That being said China Moly has a P/E ration largely in line with the rest of the industry and their primary assets are in the DRC so there is hope. 

[DasuDasu1]

They did a humongous dilution back in 2008 when they were going bankrupt. Read on the company's history. https://www.theglobeandmail.com/report-on-business/the-murky-battle-for-katanga/article1145986/

[Cobaltfinder123]

So is the SP in line with the amount of shares? With all the risk owning this stock can good results and earnings be enough to bring the stock price back to e.g. 2$? If the stock still is overvalued maybe we will have a decrease even if new earnings is shown. I mean the stock has fallen deep with a handfull of bad news and when som light is shining the stock don't go back up, which I found