Katanga Mining Ltd Ord KATFF

and KAT reaches a new low... in recent memory

[bigguy56]

I wonder where the "bottom" of this thing is for the year...

[SAM1492]

Unless we see positive sales results this will hover at this price. But a good Q2 report with sales and possible profits will result in a big jump. We saw speculation recently and bumped the price by 27% so a good sales report with profits can bring this even higher..... its just a matter of time for this to take off big... patience patience ..:)

[topdop]

Unlikely IMO as Cu price has come off from over $6.5k/t to $5.9k/t. If anything, the next KAT Q financial will include a Provisional Price Adjustment that will be (negative) against prior expected revenues.

[MrIceman]

This is the bottom for the time being. Who in their right mind would sell a single share of KAT under .40? Still, I'm fooling around with the idea of dumping 100k shares just for the fun of it to see what happens.

[MrIceman]

On the other hand, I'm entertaining the idea of buying some 225k shares of KAT on Monday. I have some loose change as I refinanced my motgage this week. Unfortunately I'm restricted not to buy a single share today. So, I'm revealing my very secret plan of not buying a single share today.

[MrIceman]

Let's sell a little bit, shall we?

[MrIceman]

That was 25k shares

[MrIceman]

Just testing. Seems like this is the bottom. Thanks for someone buying 500 shares to up the price at closing. That was ridicilous manipulation of market.

[MrIceman]

A high close is a tactic used by stock manipulators, who make small trades at high prices during the final minutes of trading to give the impression that the stock did very well. Why the heck would someone buy 500 sharees to up the price at closing? That kind of draw the attention away form the fact that at 21:59:07 25k shares were traded at .39. Which is more meaningful: 25,000 shares at .39 or

[MrIceman]

What a boring day, a boring week, and a very boring stock. It seems like nobody wants this stock to go up, but at the same time KAT refuses to close below .40. Very peculiar. The daily volume of 25k is just a joke. I doubled the daily volume to 50k with my 25k trade at the last minute. The volume is so thin you can not buy nor sell at all. Why would anyone hold this stock if it doesn't go up?