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https://www.google.co.uk/amp/s/www.geekwire.com/2018/microsoft-toyota-revving-interest-hydrogen-fuel-cell-energy-tech/amp/
https://www.hygen.com/hydrogen-forklifts-new-home-amazon/
Fight : battery vs hydrogen cells
: cobalt vs platinum/paladium
Time will say
I have some cash To add
Shall I buy, shall I buy not..??
My bet:
It reaches $2 in two years
And $7 in 5 years
??
We shall see
Same feeling here
They should ask RIO to put and offer on the table for KAT!
what is happening here?
where is the bottom,
today other cu miners going up
It appears that Katanga will issue $5.6 billion worth of shares to pay part of debt?
Can anybody explain me this operation? What does it mean?
Do KAT shareholders get diluted?
Thanks
B
Decent price recovery.
Very volatile
Read that if Glen forgives debt it would be good for KAT shareholders
Many Ifs but this could rocket as well as tank!!!
UK government fighting Glencore, sounds no good
Https://www.bloomberg.com/news/articles/2018-05-18/glencore-to-face-u-k-bribery-probe-over-congo-dealings
TODAY, news coming!!
Congolese courts pending the hearing on 11th May in London.
From http://www.searchbarblog.com/ Rumble in the jungle
May 3, 2018
?Contracts, Corporations
?Conflict of laws, Preliminary injunctions and temporary restraining orders
There’s going to be a hugely interesting hearing in the High Court in London next week (11th of MAY) over a dispute over royalties due under a deal on a copper mine in eastern Democratic Republic of Congo frustrated by U.S. sanctions and having seen injunctions in the courts of the two countries issued in the last week.
Dan Gertler, the Israeli mining and commodities businessman, last week served a freezing order obtained in the Congolese courts on a subsidiary of Glencore, the Anglo-Swiss miner, who in turn – saying that the contract under which the royalties are due is subject to English law and the exclusive jurisdiction of the English courts – secured an injunction in London against Gertler, who is close to the Congolese President Joseph Kabila, taking any further action in the Congolese courts pending the hearing on 11th May.
In December 2017, Gertler was put on a U.S. sanctions list. Under the order U.S. persons – individuals or companies – risk pretty severe penalties for really any engagement with him, including the processing of any U.S. dollar denominated transactions, and non-U.S. persons dealing with him in pretty much any capacity risk themselves being sanctioned. Glencore was from that point not able to make payments to Gertler in U.S. dollars, and even if the payments were made in other another currency, Glencore would risk U.S. sanctions for financial support. As of February 2018, Glencore was saying that it had not paid any royalties to Gertler since the sanctions were enacted and would ‘comply by all applicable sanctions’.
Did The Billionaire short Kat before the fire he created?
This share looks a rigged game of poker
All our benefits have evaporated,
We are not selling
, Sp volatility is making me uncomfortable
Down it goes:
Debt Structure
The court action by Gecamines means Katanga needs to urgently reduce a multi-billion-dollar capital shortfall at the Kamoto subsidiary.
Glencore and Katanga have made their investments in Congo as shareholder loans or prepayments for metal. While the structure is common among international investors in the country, missed output targets and a 10 percent interest rate mean that Kamoto’s total debt reached $9.2 billion through December, corporate filings show. That’s more than three times Katanga’s market value and has led to a $4.2 billion shortfall in working capital, which Katanga needed to resolve before January, according to local law.
Read more about Katanga unit Kamoto Copper’s capital shortfall
A first hearing is scheduled for May 8 and Katanga could get another six months to resolve the issue, the company said. Its options include forgiving a portion of the debt, which could impact Katanga’s future cash flow from the project, it said
https://www.oroinformacion.com/es/OroInformacion/60/1488/Acuerdo-para-construir-una-planta-de-procesado-de-oro-en-Asturias.htm
Good news, new partner with environmental friendly proccess
In case anyone is interested, this miner is a wild card
Potential gold mine in Spain, largest gold reserve in Western Europe.
Company could not get license before (for open pit, and due environmental issues). Now company is trying a different approach: underground mining, and I will add they may need to propose to use alternative chemicals to Cyanide, mercury. Long shot, all very risky...so I have a small bet
https://www.businesswire.com/news/home/20180405005906/en/Black-Dragon-Gold-Announce-Assay-Results-Drill
How can they promote mining in the West?
By increasing costs to the competitors
With All that noise, Unions officials are also trying to protect jobs at home
I can’t see they winning
soon KAT should provide news (ramp up production of cobalt), hopefully news are not discounted. Following extracted from report available at:
http://www.katangamining.com/media/news-releases/2018/2018-01-31.aspx
Outlook
•During Q1 2018: ?Open pit mining operations are expected to continue to feed ore to the run of mine stockpiles in accordance with the optimized ore blending strategy, and waste stripping in both KOV and Mashamba East open pits will continue;
?Backfill and care and maintenance activities at KTO underground operations are expected to continue to ensure operational readiness for underground operations resuming in future years;
?Phase 2 construction activities on the WOL Project to continue and are expected to progress according to the 2018 project execution plan;
?KTC (including KITD), and Luilu are expected to ramp-up the operations to produce copper and cobalt in accordance with the ramp-up plan;
?Execution of the acid plant, cobalt dryers and cobalt de-bottlenecking projects are expected to continue to ensure the completion of the planned project schedules;
?Various continuous improvement initiatives relating to production enhancement and consumable inventory reduction are expected to be implemented to ensure the efficiency of operations.
https://www.reuters.com/article/us-zambia-tax/zambia-slaps-miner-first-quantum-with-8-billion-tax-bill-idUSKBN1GW2FD
Happy to have chosen some companies with Can, USA, Australia, assets
IF miners pass the costs, then metals would go up
Nickel sensitive to Indonesian taxes
Many ifs and buts .... market will readjust, opening opportunities
Cobalt above$88000/tn
https://www.lme.com/Metals/Minor-metals/Cobalt#tabIndex=0
From Reuters:
“Companies were also mandated to repatriate 60 percent of export revenues to Congo, up from 40 percent in earlier drafts.”
https://www.reuters.com/article/us-congo-mining-insight/how-congo-faced-down-some-of-the-worlds-biggest-mining-firms-idUSKCN1GR2HD
Companies forced to invest mor heavily in DRC
I believe Glencore and others may need to create other business, may be battery production in DRC (?), in other to invest that 60%!
Great vision only possible bcs of the greatest production concentration of a commodity in history??
Dr
Thanks for article
I am buying some other cobalt miners
Cheers
Cobalt’s new battery competitor announced recently (early stage):
https://www.theguardian.com/technology/2018/mar/09/look-no-lithium-first-rechargeable-proton-battery-created
I would be interested to know about funds that track battery new technologies, Anyone? Thanks
Once Kat production starts hitting the market, cobalt supply will increase, and price will go down till market balance itself
All discounted, good to see cobalt price down, it means Kat is supplying it
Copper and cobalt down
KAT production Probably reaching the market now.
Next Dec Kat should be much higher, patience
Corrupt they are
But as they have extraordinary bargaining power,
the World powers will accept this and move on
For us, the Shareholders , will not see x 100 return investment (from current share price) but may perhaps x 10 return
This is an increadible bloody rich mine
Congo First policy!! Sounds familiar ...
On positive side, implications of the proposed law is now problably been discounted from the share price.
But tomorrow government could increase the taxes further....that is not discounted
For me, I will wait for the dividends...I don’t sell
Doctor
I doubt anybody can run a company in a war zone
There are routes hundreds if not thousand km long
It seems My fears have started to materialised
let’s hope your optimism eventually triumphs
Horrible scenes in Twitter , no so sure where from:
https://mobile.twitter.com/katanganewsroom?lang=en
Doctor
I doubt anybody can run a company in a war zone
There are routes hundreds if not thousand km long
It seems My fears have started to materialised
let’s hope your optimism eventually triumphs
Horrible scenes in Twitter , no so sure where from:
https://mobile.twitter.com/katanganewsroom?lang=en
Doctor
I doubt anybody can run a company in a war zone
There are routes hundreds if not thousand km long
It seems My fears have started to materialised
let’s hope your optimism eventually triumphs
Horrible scenes in Twitter , no so sure where from:
https://mobile.twitter.com/katanganewsroom?lang=en
Looking at the share price action, one would think the rebels are 40 miles from the mine (I don’t know)
.
The government is weak!!
Good luck all holders
Provides DRC is at peace, much higher than now
Ie I will Add More