Katanga Mining Ltd Ord KATFF

My SA post from 3 days ago

[topdop]

Verbatum, my SA KvN KAT Blog post from 3 days ago: "For full disclosure, after formally making my complaint on KAT to the Investment Industry Regulatory Organization of Canada (IIROC) - we should not be reading about Material Events that affect a Reporting Issuer through Reuters, Bloomberg and bloody Glencore (last week's sad, unfortunate fatalities of illegal miners in KAT's KOV pit) - I watched with some surprise, the anomaly taking place before my eyes:

 

GLEN traded down up to 7% yet KAT (the Reporting Issuer) made no significant change.

 

This was Thursday last week. Then Friday, GLEN picked back up +5% and KAT stayed flat.

 

Determining that this awful event had PUT A BOTTOM IN KAT STOCK, I started buying again.

 

I was filled on another 35,000 shares over 2 days and at limit CAD$0.305c.

 

With last night's news reports that Kinshasa has sent in the FARDC, I believe I was correct in picking that bottom. Certainly today's trade seems to agree.

 

I will post my totals and ave costs later once I am done this phase of buying.

 

These are my views only. Thanks for reading."

 

***END

[Sogosohubidu201]

@topdop, good buy and great prices.  I bought 100k shares last week and yesterday.

[topdop]

Thanks @Sogosohubidu201  My current position is now 841,420 shares long ave s.p. of CAD$0.7409c/share for total cost CAD$623,429.00   Hopefully we've now seen the the bottom & can make rapid progress back up again, certainly up to an equitible fair market valuation, discounted 10% for jurisdictional reasons. Market cap currently CAD$760 miliion; should be closer to CAD$4

[topdop]

Read again my post regarding 5 July: I look for anomalies. Over and above receiving Kinshasa's tacit support by way of seeing the government send in the FARDC to remove all the illegal miners at KOV, I now don't believe that alone to be reason enough for what now looks like a breakout. Clearly something else is happening. So what could that be? This company is remarkably "leaky"

[MrIceman]

Yes, I totally agree. KAT should be trading at around CAD 2 by now. That's the fair value for this stock. Seeing how hard it is for KAT to rise over .50 is an anomaly. At this price level everyone and their brother should be buying this stock all the way up to CAD 2, and after that start looking for opportunities to take quick profits at CAD 2.00-2.50. I'd like to see KAT at CAD 1 by the