Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > CIBC

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Post by topdop on Nov 11, 2019 1:45pm

CIBC

Watch this Bank's trades closely. They seem to be building a level at 16c which with a 25% discount, prices an offering at ~12c.

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Comment by stockhunter20001 on Nov 11, 2019 1:52pm

so why would they be interested to buy ? What CIBC knows that we don't know?

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Comment by topdop on Nov 11, 2019 3:13pm

Because CIBC were mandated by the Special Committee to be KAT's Bankers. Read the disclosures buddy.

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Comment by Nolimits on Nov 11, 2019 3:30pm

Hi guys, Is there a collective action that we should be taking? Take (partial) part or not take at all part at the rights issue? What are the possible outcomes with the rights issue? Does it make sense to sell or to hold? Sorry, but this is the only forum I can ask and have been following for a long time-I know there are some good minds in here.. thanks..

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Comment by patels96 on Nov 11, 2019 4:36pm

To all minority shareholders, dont take up the rights offering as Glencore will take any unsubcribed rights and exercise it. If no minority shareholders exercise the right then Glencore will own approx. 98% of KAT which means minority have been diluted to 2%. However, if the market cap of KAT after the rights is about $6,000 Mil or $6 Bil (which I believe it to be given Co and Cu prices, progress ...more

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