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Katongo

@Mrr__Mutale

MBA | Economist 👨🏾‍🎓| AgroPreneur 👨‍🌾 || Consultant // Zambian 🇿🇲

Copperbelt, Zambia Katılım Kasım 2012
1K Takip Edilen829 Takipçiler
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Katongo
Katongo@Mrr__Mutale·
Swing - Cuss - Find ball - Repeat ⛳️
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Natasha
Natasha@natashamutiti·
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Katongo
Katongo@Mrr__Mutale·
@Dux_musonda Bro, kids were probably watching this interview like:
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A.S ✨
A.S ✨@Nataizya_Ali·
A pimpinya never hurt nobody 🤭🎓 PC @JP_Jann
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Katongo
Katongo@Mrr__Mutale·
@sternario Twa aluka ba mental apapene ka 😄
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Katongo
Katongo@Mrr__Mutale·
@Dux_musonda Busy giving us BP even before the league starts 😒
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He Who Remains
He Who Remains@Ngoma_Official·
Now pay attention laski’s 2nd comment 😂
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Katongo
Katongo@Mrr__Mutale·
Calling my fellow shenkist for a ball losing tournament.
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🌻
🌻@thatgalkabzee·
📍 Outside coverage area.
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Sentimental Foodie
Sentimental Foodie@SentimentalCook·
Where are we at with Vedanta Resources? I have to admit that I have become concerned with this KCM issue. The more I dig around, the more it appears that Vedanta is engaging in a shell game. Why do I say this? Vedanta Ltd is listed in India and owns a number of subsidaries, among them Vedanta Resources. Vedanta Ltd is also part owner in Hindustan Zinc (64.9%) while the Indian govt owns 29.54%. Vedanta Ltd also owns THL Zinc Ventures Ltd which is a company registered in Port Louis, Mauritius. Now pay attention. In January 2023, Hindustan Zinc (64.9% owned by Vedanta Ltd) proposed to buy THL Zinc Ventures (100% owned by Vedanta Ltd) for $2.98 billion in cash, but the Indian govt, which owns 29.54% of Hindustan Zinc, opposed the deal, calling it a "related party transaction" When this failed Vedanta Resources tried to acquire a a $1 billion loan from Farallon Capital Management through THL Zinc Ventures with a guarantee from Vedanta Ltd. Vedanta also pledged 5.56% of Hindustan Zinc Ltd shares. This loan didn't go through. Vedanta Resources ended up getting an $850 million three-year loan from JPMorgan and Oaktree Capital, rather than the $1 billion from Farallon Capital Management. If this isn't a shell game, I don't know what is. In December 2023, S&P Global Ratings reducing Vedanta Resources' credit rating from "CCC" to "CC" meaning likely to to default on its debt obligations. But a few days later, the rating was upgraded to "CCC+" after Vedanta restructured its debts. This means Vedanta Resources faces a high likelihood of financial distress or default if adverse conditions occur. Vedanta Resources had to restructure $2.5-$3 billion which was due in 2023-2024. However, there is $4.5 billion due in 2025. Checkout the Debt-To-Equity ratio chart. A number over 1 is not a good sign. How many here genuinely believe that Vedanta Resources will come up with the $250 million, not to mention the $1 billion needed to recapitalise KCM?
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Dangote Group
Dangote Group@DangoteGroup·
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Katongo
Katongo@Mrr__Mutale·
@twice_a_king Sometimes may be good sometimes may be shit!!!! 😂😂
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Katongo
Katongo@Mrr__Mutale·
Otherwise golf was nice today. My first win 🥹
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Katongo
Katongo@Mrr__Mutale·
@sternario So you don’t even like me CK?😕
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