Katanga Mining Ltd Ord KATFF

Stock up despite Co tanking

[Elgounakid]

Surprisinly stock is op real nice despite Co price tanked from 94500 usd/T to 40000 usd/t.

Copper also down almost 20%.

This will surely hurt financials of KAT.

Lots of things being played.

Elgouna

[Lech1988]

Huh? Stock is down like 70%+ from a year ago.

[johnny54]

lmao exactly. when the mine was being threatened to be shut down and this thing dropped from the 1.70s to .55 that was a bit excessive now thats its in the 70's ppl are confused. this thing is already priced in for all that my friend. trade war ends ramp up continues to be succesful cobalts sales resume Q3 Prepare for takeoff this rocket will be ready to launch

[InternalAudit68]

This post has been removed in accordance with Community Policy

[Brandonrr]

https://www.economist.com/business/2018/12/01/glencores-attempt-at-reinventing-mining-has-run-into-trouble Whats the latest with this issue? is there any risk here?

[topdop]

No, @Brandonrr it's my opinion that Mr. Market has long since priced in all your worries. In fact that Economist piece is almost 6 weeks old now. Don't forget a fundamental fact: stock markets are very efficient Forward looking Discounting Mechanisms and as such any "worry" you may have related to that piece may in fact not be valid. https://www.thebalance.com/stock-market-and

[Brandonrr]

@topdrop Thanks, I was just curious...not too worried at all just looking for other opinions

[Troublerum]

Dude, it is stupid if you think you can earn easy money without risk. You should've done your decision before the election result. Now there is less then 1% civil war probability, which means the biggest uncertainty is gone forever. But still cheap if you know the math. Just not as cheap as a weak ago. So if you wanna buy, just buy, or you will have to come back after a few months and do this

[Brandonrr]

Troublerum Who are talking to?

[Troublerum]

To one little boy who wanna believe that this grape is sour.

[Brandonrr]

well its not me...I am a big believer of this stock and currently have a large part of my portfolio in it....I think there is lots of potential here and was simply asking about the getler issues....

[Troublerum]

I didn't talk to you but to one boy who can't understand why this stock is going up after the comparably good result of election when CO & CU price is not peaking. 

[Elgounakid]

About the elections....Heard some interesting thoughts about recent outcome of the elections. One speaker said Kabila has managed all well.......Is in still in charge of everything...economy/army/mines/....he would even have the power to put Tshisekedi of charge after a couple of months if he wants to. Tshisekedi is just a puppet on a string. He just has the name  - not the power!!! Don&