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 > Capitulation Finally?

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Post by Sogosohubidu201 on Sep 12, 2018 11:18am

Capitulation Finally?

I don't think that selling today is related to the news that DRC government wants to stick with new mining code, which should have been fully priced in.

The selling has been continuing for a while, selling bring more selling until capitulation. Could today be the capitulation day? We will know in the future (haha).

We have many shareholders holding 200-400K shares bought at much higher price. Some of them could not bear the heat anymore and sold.

The Q3 report is only two months away while the production report should be out by the end of next month. 2019 is less than 4 months' away. Again, KAT is 2019 story!

I have been a buyer at this bottom range and am having bid at 0.66 currently,

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Comment by InternalAudit68 on Sep 12, 2018 12:00pm

This post has been removed in accordance with Community Policy

Comment by JanineK22399HH on Sep 12, 2018 1:20pm

very bearish, pure technical, no change in fundamentals; although at some point, one may feel this is going back to 0 with no significant trading vol. deep underwater, but I'll Just hold long. Glencore owns KAT- Let market do their dirty job. KAT is a valuable asset - the Chinese will like to own it if they could, to expand their EV dominance. GL

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Comment by johnny54 on Sep 12, 2018 3:03pm

Almost one million isn’t significant enough??? This is a classic push down to force weak hands out so the rich may become richer when this pops. And it’s going to pop people are acting as if cobalt doesn’t take over the world that 300 0000 tonnes of copper will carry no value lmao. I wish I had more money available. Problem is people buying today will cash in for 70s and then 80s and then maybe ...more

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Comment by malaka66 on Sep 12, 2018 3:06pm

Ya Ok... From 2.80 to .67cents......weak hands??? The smart ones dumped ages ago..this P O S is headed back to .25cents and then another 15 years sideways.......

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Comment by johnny54 on Sep 12, 2018 3:08pm

So your either mad your down or don’t own any and want to make pennies day trading?

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Comment by topdop on Sep 12, 2018 3:53pm

@malaka66 thanks for your input. It's got to be one of the funniest thing I've read all week... a 300kt Cu & 40kt Co annual producer (2020) "headed back to 25c". And no worries, I'm not upset by clearly NOT making your category of "smart ones who dumped ages ago" (my bad). Like a good Canadian, "I'm sorry". Blink. Blink. I do know what I'm ...more

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Katanga Mining Ltd Ord