Katanga Mining Ltd Ord KATFF

Healthy Consolidation

[Sogosohubidu201]

The consolidation at 0.40-0.45 was completed.  Share price rose over 0.45 and is now consolidating at higher range of 0.45-0.50. We have golden cross today with 20 DMA rising and crossing over 50 DMA. There is very good possibility that share price may rise over the range of 0.45-0.50, break though the 200 DMA of 0.51 and the strong resistance of 0.52-0.53 just before or after Q2 production report next week. We will see.

[Brandonrr]

you or topdop should just drop another 50k and gett this thing moving into 50's today

[MrIceman]

I agree. KAT is set to break above 0.50. We are on our way to 1.00, and after that to 1.50. Topdop was right when he indirectly made the call for CAD 2.00 share price based on CAD 4 billion valuation for the company.

[Lech1988]

you do realise we were trading over 2.50 CAD 18  months ago right?

[Brandonrr]

yea everything ran with the price of cobalt...cobalt price needs to recover to do that again

[Lech1988]

That is unlikely to happen in the near future with the oversupply at the moment.  Long term $40k-$50k is likely a healthy price range. 

[topdop]

@Lech1988 totally spot on. People need to not get ahead of themselves. Co is a BYPRODUCT of Cu and Ni mining and the sooner we get back to fundamental valuations for KCN & KoV based upon massive and growing Cu production (with lowered C1 cost parameters due to significant Acid credits & helpful Power deals), the better. Do you know why? Simple. When Co does (finally) enter that

[topdop]

@Lech1988 ....and I'd take "Long term $40k-$50k is likely a healthy price range" every day of the week!

[bobsacramento]

Right now it’s more like 20-25k. All of spatel and others who made models were based on 40-50k cobalt projections. I think it won’t take off for awhile, until artisanal cobalt is kept in check. (A reformed DRC—that provides jobs and takes care of its citizens, and employs them with decent wages so that there is not thus economic necessity to be an artisanal miner..the problem is the inefficiency

[Sogosohubidu201]

Chinese major cobalt companies such as Huayou and Hanrui already had significant loss in Q1 this year due to low cobalt price. They are projecting big loss in Q2, too.  Artisanal miners are gradually exiting cobalt mining and it is projected that the cobalt volume from artisanal mining may be down 70% because of the impact of low cobalt price.  We are starting to see the sign of supply