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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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.

OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > Growing electoral challenge producing additional Headwind
View:
Post by topdop on Jan 15, 2019 1:29pm

Growing electoral challenge producing additional Headwind

Current softening is due to this growing Headwind: "Congo voting data reveal huge fraud in poll to replace Kabila".

"FT analysis of 2 voting databases shows Martin Fayulu won the presidential election":

https://www.ft.com/content/2b97f6e6-189d-11e9-b93e-f4351a53f1c3

No surprise here. Very cleverly, and secretly, the FT seems to have been provided a spreadsheet, probably from a Fayulu loyalist high up in the Electoral Commission about which the FT states: "According to a trove of election data seen by the FT and representing 86 per cent of total votes cast across the country, Mr Fayulu won 59.4 per cent of the vote.

"The larger set of data, a spreadsheet containing more than 49,000 records, contains the true electronically-fed results that authorities have sought to conceal, according to a person with direct knowledge of how the data were obtained. The person, who is close to Mr Fayulus camp, asked for anonymity because the data contradict the electoral commissions official declaration.

"The figures provided are electronic tallies from 62,716 voting machines across the country and were obtained from the electoral commissions central database before the results were announced last week, the person said".

Read also: https://www.africanews.com/2019/01/15/drc-election-hub-top-opposition-candidate-calls-for-debate/

Folks, this story is not just going to go away. We may yet find opportunity to acquire cheap shares once more...

These are my views only. Thanks for reading.
Comment by 60606060 on Jan 15, 2019 4:02pm
Hi Topdop, just like to say any price below $1.20 looks cheap especially when I bought in at $2.70. And then sold 5-6 times to $.90-$.95. Does this company not warrant higher prices especially as the product price rises?
Comment by topdop on Jan 16, 2019 9:30am
@60606060 simple answer, yes. But not because I say so but because basic rules of supply vs demand says so. I think a majority of retail investors got burned on KAT, and many of those still retain a somewhat "sour" taste from that roller coaster ride.... ... such that, just as soon as they can - maybe even at a penny or two SHORT of being in-the-money, their extremely nervous ...more  
Comment by 60606060 on Jan 16, 2019 11:57am
Someone-two are trading this SP down on low vol. today. Who on this board does this on a regular basis?
Comment by InternalAudit68 on Jan 16, 2019 12:12pm
This post has been removed in accordance with Community Policy
Comment by bobsacramento on Jan 16, 2019 1:07pm
I want them to sell, I was going to play a fat order, until this stock began to rally! 
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