Wednesday, October 21, 2015

Kombat Copper Inc.

On my other blog I am today writing Dividend Paying Small Caps learn more...

Sound bite for Twitter and StockTwits is: Following for fun. My current investment in this stock is $3.00 so it would cost more to sell than it is worth. See my spreadsheet on Kombat Copper Inc.

I own this stock of Kombat Copper Inc. (TSX-KBT, OTC-PNTZF). I originally brought this stock in 2000 as Tathacus Resources Ltd. because it was doing interesting things. It was part of a basket of small caps that I was buying at that time. There was a reverse takeover (RTO) of this company on April 28, 2011 by Pan Terra Industries Inc. Symbol PNT. On May 2, 2012 there was a name change from Pan Terra Industries (PNT) to Kombat Copper Inc. (KBT).

I do not have much to say on this company. It is usually around this time of the year that I receive an annual report from this company if I am to receive one. This year, I did not get one. The only reason that I am holding on to this stock is that it is worth some $3.00 (300 shares at $0.05). It would cost more to sell than it is worth. It costs me nothing to hold on to it. I am also curious on how it will all turn out.

The last year this company had revenue is 2009. It has been issuing shares to raise money. It has negative earnings and cash flow, but this is to be expected with no revenue.

The debt ratios are good, with the Liquidity Ratio at 4.64, Debt Ratio at 6.49 and Leverage and Debt/Equity Ratios at 1.18 and 0.18.

The company is, of course, using up its cash. At the end of the March 2015 financial year the company had $999,251 in cash. By the end of the first quarter in 2016 cash was at $564.798, down some 43%.

In this report, Kombat provides an update on its drilling program on Market Wired. In June of this year there was an interview with the CEO Bill Nielsen published on Stock House. There was a March 2015 notice of Kombat divesting itself of non-core assets on Market Wired.

I will have only one entry for this stock as I must do on some stock because I cover too many stocks to do double entries on all that I follow. Besides, there is not much to report on here.

Kombat Copper Inc. is a publicly traded Canadian exploration and development company. Its core operations are focused on copper resources in Namibia, one of the world's most prospective copper regions, where they have substantial assets in place Its web site is here Kombat Copper Inc.

This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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