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KEM Kemin Resources

2.30
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Kemin Resources Investors - KEM

Kemin Resources Investors - KEM

Share Name Share Symbol Market Stock Type
Kemin Resources KEM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.30 01:00:00
Open Price Low Price High Price Close Price Previous Close
2.30 2.30
more quote information »

Top Investor Posts

Top Posts
Posted at 30/10/2018 13:27 by jimmyloser
I have been in touch with JP Jenkins who do not accept private clients. They will only trade via a broker.
I then contacted my broker who in this case are Interactive Investor. They could not have been more helpful to me.

I have to ring them and give them verbal instructions, they will then place with Jenkins to see if they can get a trade done. This includes SIPP and ISA.

I then asked for an indicative price and this can only be obtained from JP Jenkins when I place an order.

I feel very let down by Kemin right now. However let's see what Christmas brings.

They have talked the talk, let's see if they walk the walk!

jl
Posted at 24/10/2018 18:38 by sideshowbull
AIM at it's best once again. If there was every a PPI(similar scandal) most AIM investors would be rich overnight.

Can't remember how many times AIM companies have screwed shareholders.

No wonder crypto will take over.

BWTFDIK
Posted at 28/9/2018 08:07 by jimmyloser
NOMADs – brokers or investment banks – are responsible for advising and guiding companies on both their admission to AIM and their continuing responsibilities once on the market. Under AIM rules, companies are forced to leave the market if their NOMAD resigns and they are unable to secure a replacement.

The London Stock Exchange can levy significant fines against NOMADs if they or the companies they advise break any of AIM’s rules. This places significant responsibility on NOMADs to regulate the activities of businesses they advise, some of which may be relatively small or young businesses, or based in emerging markets.

In December 2016, an unnamed NOMAD was fined £75,000 for failing to ensure their AIM listed client was compliant. This risk, combined with the limited fees available to NOMADs, has reduced the number of NOMADs available to act for AIM companies.

Significant shareholder value is destroyed when an AIM company is forced to leave the market due to the resignation of their NOMAD, as its shares usually slump in value when they are delisted. Investor sentiment towards AIM as a whole is impacted by higher numbers of delistings.
Posted at 15/6/2017 07:10 by jimmyloser
Mining in the Republic of Kazakhstan - Ten things to know

Introduction
1. State ownership of minerals/metals
2. Mining legislation
3. Mining licences
4. Rights of foreign investors
5. Protection of nationals
6. Government interest in the project
7. Fees, taxes, duties and royalties and tax incentives
8. Financial capacity of the investor
9. Protection of the environment
10. Enforcement regime



Introduction


Kazakhstan is fast emerging as a major global presence in the mining industry, and has resources of over seventy metals and minerals, twenty five of which are mined commercially. With the mining industry accounting for 27 per cent of its GDP, Kazakhstan has world leading reserves of chromite, zinc, copper, gold and manganese, and holds 28 per cent of the global supply of uranium.


1. State ownership of minerals/metals




All minerals existing on, in or below the surface in Kazakhstan are and remain the property of the state. Minerals brought to the surface belong to a subsurface user (i.e. a mining company) unless otherwise provided for by contract. The subsurface use rights for the exploration or production of minerals are granted by means of a contract entered into with the Ministry of Industry and New Technologies (MINT).


2. Mining legislation




The principal legislation governing subsurface exploration and mining activity in Kazakhstan is the Subsurface Use Law dated 24 June 2010, which took effect on 7 July 2010 (the Subsurface Law). The Subsurface Law replaced the Law on the Subsurface and Subsurface Use, dated 27 January 1996, as amended.


3. Mining licences




Major mining activities under the Subsurface Law include:
exploration
production and joint exploration
production

Contracts for these activities are typically granted following competitive tender.

The term of an exploration contract is six years with the right to extend its term in case of a commercial discovery for the period necessary to evaluate the extent of such discovery. A commercial discovery under an exploration contract gives the exclusive right to a subsurface user to enter into a production contract on terms and conditions agreed with MINT.

A production contract may be entered into for any period until depletion of the deposits but cannot be for more than for 25 years except for large and unique deposits where the contract term may be up to 45 years. A contract for joint exploration and production is granted by the state only for strategic fields or fields having complex geological structure.


4. Rights of foreign investors




There is no distinction between the mining rights that may be acquired by a domestic or a foreign investor. A foreign investor can either use a Kazakhstan incorporated company (typically in the form of a limited liability partnership or a joint stock company), or a company incorporated outside Kazakhstan to hold subsurface use rights. There are no requirements of minimum state or domestic ownership of mining companies.


5. Protection of nationals




All subsurface users must give preference to local personnel and finance the professional training and development of such local personnel. In addition all subsurface users must give preference to local producers, provided the goods and services comply with applicable standards. Generally a subsurface user will have its specific social obligations set out in its mining contract.


6. Government interest in the project




Subject to a few exemptions (e.g. for intra-group transfers) the state has a pre-emptive right where a subsurface user transfers its subsurface rights or direct or indirect ownership interest in a mining company to a third party. The state is entitled to acquire such rights/interests on terms no worse than those offered to other buyers. Transactions related to mining rights are subject to approval of MINT, which includes amongst others granting security over the subsurface rights, or over direct or indirect ownership interest in a subsurface user.

The state also has the right, in priority to third parties, to acquire minerals owned by a subsurface user at prices not exceeding the prices applied on the date of a transaction, in comparison with other similar transactions (however, at prices exclusive of transportation and sales costs).


7. Fees, taxes, duties and royalties and tax incentives




There are specific taxes and payments applicable to activities of a subsurface user, including:
a mineral extraction tax
an excess profits tax
historical costs
subscription and commercial discovery bonuses

The mineral extraction tax is payable on the value of the mineral resources produced and based on the average exchange price of the extracted minerals at the London Metal Exchange or at the London Precious Metal Exchange. Depending on the type of mineral, such tax ranges from 0.25 per cent to 18.5 per cent.


8. Financial capacity of the investor




An investor’s financial capacity (including ability to finance mining operations) is an important consideration taken into account by MINT in determining the grant of mining rights. The bidder’s/investor’s proposals and applications must contain proof of financial capacity and commercial activities for the previous three years and such proof must be in line with the extent of the financing required under relevant work programmes and project documentation for mining activities.

Further, the Subsurface Law provides that technical competence of the acquirer must be demonstrated as part of the application, but does not specify how. In practice, the acquirer provides data related to its financial, technical and administrative capabilities as part of the application.


9. Protection of the environment




Environmental regulation in Kazakhstan is contained in the Ecological Code, dated 9 January 2007. The Subsurface Law also contains environmental provisions governing the mining sector. As part of the application process there is an obligation on the investor to undertake an Environmental Impact Assessment as part of the pre-project environmental protection, and for the project documentation.

All subsurface users must perform mining operations in strict compliance with such provisions and plan to mitigate any negative impact of its operations, including amongst others, by forming a liquidation (rehabilitation) fund and relevant program for the rehabilitation of after-effects.


10. Enforcement regime




Kazakhstan is a signatory to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. This establishes a framework for enforcement of foreign arbitral awards; though the enforcement process is a matter of local law. Kazakhstan has ratified the ICSID Washington Convention. Kazakhstan has bilateral investment treaties (BITs) in force with more than 44 countries, including the USA, the United Kingdom, Germany and France. Investors from countries with which Kazakhstan has concluded BITs are advised to check the relevant treaty to see whether it provides for ICSID arbitration.
Posted at 12/6/2017 19:22 by jimmyloser
Lithium some background

During our world travels and meetings with investors, we constantly get asked where we see prices in 2017. We have consistently answered that we do not expect a lithium price crash in 2017 and the signs are pointing to further price increases, especially in China after Galaxy Resources signed a spodumene contract for $830-905/tonne – way up from the ~$650/tonne peaks in 2016.

The contract Galaxy has signed is binding and includes a $15/tonne premium for every 0.1% Li2O the company’s spodumene can reach up to 6.0% Li2O. For example, the lowest price that the company is guaranteed to receive is $830/tonne for 5.5% Li2O material. The deal has set a new high in the lithium feedstock market.

Benchmark Mineral Intelligence originally forecasted a spodumene price increase of 15% in 2017 as Chinese chemical converters compete for limited supply on the market place. With Galaxy Resources and Neometals both ramping up new operations in 2017 and further additional supply expected from Talison, the indicators would logically point to a price decline from 2016’s highs.

However, Benchmark’s position is that such is the demand from the battery sector and cathode manufacturers expanding operations within China, spodumene supply will remain in shortage for the next 12 months – the players in the lithium market are far more concerned about supply than price at the moment.

Within China, the competition for lithium feedstock continues to be aggressive as lithium converters vie for ever increasing market share. Therefore, we continue to foresee a sellers’ market and strong prices despite increased spodumene competition.

The difference with lithium and other minerals and metals is that it is underpinned by a real demand story – the evolution of the lithium ion battery sector with force significant change in the raw materials we track at Benchmark Mineral Intelligence, especially lithium, graphite, cobalt and nickel.

Of the 14 lithium ion megafactories Benchmark is tracking under construction, 9 are based in China and the supply chain from mine to market is evolving to serve these operations. We expect this evolution to take place over the next four years and it will subject each link in the chain (raw materials, lithium chemicals, cathodes, cell manufacturers) to unprecedented volatility.
Posted at 08/2/2017 19:41 by jimmyloser
Molybdenum is primarily produced as byproduct of copper mining with annual supply of less than 270,000 tonnes a year. As a result, prices are volatile, but 2015 was particularly tough for the metal. An oversupplied market with low demand saw prices fall 49 percent during the period.

But the molybdenum market showed a strong recovery in 2016, with US ferromolybdenum prices increasing from a low of US$6.14/lb in January to a peak of US$9.39/lb in June. Despite this jump, poor demand from downstream industries led to US ferromolybdenum prices decreasing in the second half of the year.

The strong recovery in pricing has been led by better than anticipated stainless steel production in China, with the international Stainless Steel Forum reporting a 4.1 percent y-on-y increase in global output and a 7.9 percent increase in Chinese output in the first half of 2016.

Rising demand for molybdenum-bearing steel and chemicals is instead forecast to support a recovery in molybdenum prices from 2017, to around US$13-15/lb ferromolybdenum, Roskill reported.

Investor Takeaway

It is hard to predict what will happen to the molybdenum market, as next year will be determined by China’s growth and how the steel industry continues to rise its demand for the metal. Investors should keep an eye on how oil impacts this industry, as new regulations could rise prices and help leave the worst days for trading molybdenum far behind.
Posted at 18/1/2017 11:14 by knobbyknuts
Some big boys holding here. Must be something in it.
hxxp://www.keminresources.com/investors/shareholding-analysis.html
Posted at 13/12/2015 20:24 by sideshowbull
Jim - This is all in my own opinion, The RTO of GMA gave KEM their place on the AIM market. There are no private investors at all(may be you, me and a handful of others).

Looking back at my notes. GMA shareholders in full have 850k shares in KEM.

Another AIM disgusting treatment of shareholders.

May bite them in the bum now who knows?
Posted at 25/6/2014 11:58 by shareho1der
Yes.This one is for long term investors and not for DAYTRADERS ... lol.
Posted at 25/6/2014 11:44 by daytraders
Just terrible what has happend here, so many investors burnt massively.

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