Katanga Mining Ltd Ord KATFF

TopDog is right

[Cider6000]

The shares you own today are going to be diluted 31:1 on Dec17th 2019.  Instead of owning one share of 1.9 B shares of Kat with $7.6B in debt, you will own the same # of shares, diluted 31"1 with the oppurtunity of buying more at .12.  Kat will be nearly ebt free.  Total share as of Dec 17th, 61BILLION, priced at .12

 There is no upside here.  Glencore wins, minority shaareholders are GONE.  This will be bought by Glencore... and most likely recsold tp Ghina.  China CONTROLS the world cobalt market.  They even own the three largest cobalt mines on US soil.  Kat will be de-listed before summer.
MHO

[InternalAudit68]

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[topdop]

@Cider6000 respectfully, your suggestion that Glencore will "resell to the Chinese" is nonsense. Historically, there is little, if any evidence of GLEN operating like that. The only way KAT assets get to China is if KAT defaults (= read= GLEN allows KAT to default...) (and the recent GLEN mandated KAT RO answers that question squarely); their producing assets then go back to the State

[organeer]

I know you have significant experience in working in the industry first-hand, but my question is are we sure that it is something that they will never change? For sure, Glencore is a trading company and certainly does a lot of commodity price control. However, if I recall, Glencore has said that they would be willing to sell Katanga to the Chinese "for the right price". Do you think they

[topdop]

what I'm sure of is that nobody can be sure of anything... Now having said the obvious, I always look for the "tells" whilst trying to better understand my invested company's m.o. And that may, just may, give one an edge. Two final things: 1. here's one massive "tell": Glassenberg started talking succession out of the blue this past summer. I think he's a dead