Post by
Sogosohubidu201 on Jul 31, 2019 10:26pm
Glencore 2019 Half-Year Report - KAT Related
https://www.glencore.com/dam/jcr:9a598e35-657b-4489-a445-dc221706c20d/GLEN_2019-HY_ProductionReport.pdf
Glencore Chief Executive Officer, Ivan Glasenberg: “....... However, our African copper business did not meet expected operational performance. We have moved to address the challenges at Katanga with several management changes as well as overseeing a detailed operational review, targeting multiple improvements to achieve consistent, cost-efficient production at design capacity.
.......Our African copper assets retain significant potential and will play a key role in the transition to a low carbon economy. We have developed detailed turnaround plans and I look forward to taking you through these plans along with our financial performance on 7 August.”
Comment by
Lech1988 on Aug 02, 2019 11:23am
Goldman valued KAT at something like $17 billion including sunk costs. And we were trading at $2.50 CAD 18 months ago... wow do poeple have a short memory.
Comment by
Sogosohubidu201 on Aug 02, 2019 1:29pm
$11.88 Canadian dollars per share NPV vs the current $0.385 Canadian share price, I should say.
Comment by
MrIceman on Aug 02, 2019 2:17pm
Exactly. KAT should be trading at significantly higher price right now. Based on the reserves, grade and scale of Copper, KAT truly is one of the best mines in the world. Currently, KAT's share price doesn't reflect that at all. Hopefully in 5-10 years from now buying loads of KAT in 2019 will seem like a good move. I can only wish.
Comment by
Sogosohubidu201 on Aug 02, 2019 1:34pm
The ratio of copper and cobalt reserve value over the market cap. is also probably the Highest among the mining companies. typing error.
Comment by
johnny54 on Aug 02, 2019 2:04pm
So the attempt to explain SP wtf is going on?
Comment by
topdop on Aug 02, 2019 10:55am
...oh, and we should also expect markedly reduced Metal Production Guidance going fwd.
Comment by
Sogosohubidu201 on Aug 02, 2019 3:18pm
@topdop. I agree with you completely.