Katanga Mining Ltd Ord KATFF

Katanga Mining Announces 2019 Fourth Quarter and Year End

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https://seekingalpha.com/pr/17778695-katanga-mining-announces-2019-fourth-quarter-and-year-end-financial-results

[Sogosohubidu201]

KAT produced a lot of cobalt, but sold little cobalt in Q4 2019 because only one dryer was back to operational at 60% capacity in December last year. This, together with high depreciation, resulted in another loss Q.  However, Q1 this year may likely be profitable with one dryer back to operational.  The 2nd half of this year should be very profitable with two dryers back to operational,

[Sogosohubidu201]

Also, from Q1 this year, interest charge will be reduced by about $90 millions USD per Q.  If Q1 this year is not profitable becasue the impact of coronavirus in China, Q2 should be profitable.  The 2nd half of this year should really reflect the potential of this company. The profit should be big. There may be good chance to see 30-40 cents share price toward the end of this year or