Katanga Mining Ltd Ord KATFF

KAT Q2 Financials are out

[topdop]

"Initial indications suggest there may be scope for margin improvements in the order of $200-250 million per annum. Further work needs to be undertaken to develop detailed implementation plans to deliver these improvements, which are expected to be realizable by 2022." "Provisional Pricing adjustment ($23.149 million)". Not good. "Cash at end of Period: $24.321 million". Not good. Not one mention of "the Proposal" as formerly received from GLEN. Not good. Not one iota of colour from the new CEO. Not good. KAT continues to be an IR / public disclosure joke. Not good. These are my views only. Thanks for reading.

[bobsacramento]

Considering the environment, it’s much better than Mutanda’s fate.  Management doesn’t want to ruin Ivan’s presentation given that I think he will lay out the “financial plan” tomorrow. I wonder if his presentation of katanga’s financial plan will take up a good chunk of the overall presentation. But yeah total disclosure joke.

[topdop]

Agreed @bobsacramento. As I've said many times before, Glencore will wrestle back control of that commodity, principally Co. In the PR, they also state: "These improvements are expected to materially increase the cash flow generation of KCC from 2022, when it is projected to achieve targeted life of mine average production of approximately 300kt of copper and 30kt of cobalt, resulting in