Katanga Mining Ltd Ord KATFF

I hate to say it but...

[bigguy56]

There may be mo bottom to this at all. I was thinking that the low 40's was the bottom. Now I think they might just be screwed... because if the debt. Thoughts?

[johnny54]

So sell for .30 tomorrow, and be done with it. Come back next year and buy back in for over a buck‍ And then you can tell yourself I knew it. It’s a long play on this, longer then we all predicted. The longer no news comes out, the longer the halt, the more you all panic on the debt? The debt hasn’t changed and it doesn’t matter. They literally own 86 percent so why the hell would they purposely

[Sogosohubidu201]

I actually bought 20k shares of KAT at 0.32 this morning. 

[Lech1988]

I wouldn't say screwed...Glencore will just need to roll the debt forward.  Over the life of the mine they would easily be able to pay back the debt but right now without the cobalt sales the mine is not cash flow positive. It will require allot of patience. 

[MrIceman]

The bottom is at 0.20

[Sogosohubidu201]

If your prediction is close, the bottom around 20 cents, I will buy 400-500K extra shares. Cash on hand and waiting.

[topdop]

@sogosohubidu201 I know you say you were long another 20k shares this morning, but I would caution anyone buying anything more in absence of announcements from the company. It's just a fools game and you're betting without any advantage. Sit tight on the shares you have, let KAT disclose what they're going to do re: the Proposal and their Debt and go from there. Heck, it might cost you

[Sogosohubidu201]

@ topdop, I have 220K cash sitting on my account.  If KAT does drop to 20 cents range, I am definitelly going to buy 400-500k shares of KAT. But I don't plan to add more at the current level. High C1 in Q1 2019 was caused by the absence of cobalt sale. We will see big decrease in C1 in Q2 2019 results. To develop a mine into commercial production of 300k copper and 35k cobalt annually

[Brandonrr]

@sogosohubidu201...Just out of curiosity how wieghted are you in KAT?...I was curious on what your other plays might be and seems you only comment on the kat board? not that its any of my business but why is that?

[Sogosohubidu201]

@Brandonrr.  I currently have about 1.6 million shares of KAT (average price around 65 cents).  If I add 400-500k more, this will make a total holding of 2+ million shares. This will be the maximum amount I am willing to invest in KAT. I also invest some in Glencore, but far less than KAT.  Majority of my retirement money is in mutual funds.  

[johnny54]

@topdop and yourself, what do you guys see needing to happen within the company in short term with regards to possible news releases and possible SP reactions to those. if they extend debt payment dates? if they annouse resumption of sales, if they announce contracts? the ion progress?  what is it besides copper and cobalt prices going up that will move this? is the tradewar and china

[topdop]

@johnny54 thanks for sharing your thoughts. You say "what do you guys see needing to happen within the company in short term with regards to possible news releases and possible SP reactions to those"   I think because KAT has never had its own independent Exec Management that had enough strength to offer it's own vision to build a story on the back of our amazing assets -

[bigguy56]

Good post Topdop. Further to what you have said... do you think that Glencore wants to keep the company or are they preparing the company for an asset sale? It seems to me that they are preparing for an asset sale. KAT will make a nice asset once the capital investments are complete. I do not know as much about the corporate structure as some here, especially with the involvement of KCC, etc. So

[Lech1988]

This is not a new development, the debt has always been there...and mathematically it would have been impossible for KAT to pay it off by 2021 even if the ramp up went smoothly.   Despite the panic, Copper and Cobalt prices are largely at long term averages, there is absolutely nothing out of the ordinary with their current prices.