Kemin Resources Share Discussion Threads

[keya5000] 13/6/2017 08:57

Jimmy, me thinks the after hours 8/6 RNS with the 'lithum new' is leaking a tad.

[jimmyloser] 13/6/2017 08:55

On the rise, I should think so!!!!
dyor/impo.

[jimmyloser] 12/6/2017 19:22

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.

[jimmyloser] 12/6/2017 08:28

Reflecting on the RNS it was the most upbeat for a long time. It is appears that they are lining up for action and especially now that Lithium and Copper have been found. Reading it carefully as I believe that they will be announcing the first licence extension in the next few weeks.

Remember the price to-day!

dyor.

PS: This reminds me of Dragon Oil!!

[jimmyloser] 09/6/2017 10:38

keep watching. way to go!
impo

[shareho1der] 09/6/2017 10:27

Jimmy. Just you and I here. I hope we well be rewarded for our patience

[jimmyloser] 09/6/2017 08:31

jimmyloser
16 May '17 - 07:34 - 787 of 791 0 0 Edit

There are lots of factors to take into account. Moly is notoriously volatile regarding its price.
As predicted by many the price is finally firming and recent announcements from China may bode well.
It intrigues me why they retain their listing.
I will keep the board updated of any price movements.

One thing is very clear though and that is if they do announce action, you won't get near this as the free float is very small
Impo\dyor

[jimmyloser] 09/6/2017 06:56

Kemin (AIM: KEM), the molybdenum and tungsten exploration and development company with substantial interests in Kazakhstan, today announces its final results for the Year Ended 31 December 2016.

Highlights

-- Positive progress in the process of extension of the existing licences for both Drozhilovskoye and Smirnovskoye

-- The value of the Drozhilovskoye and Smirnovskoye expected to be enhanced by the inclusion of copper and lithium resources

-- Continued financing support for the Company from Amrita Investments Limited, a vehicle owned by the Company's majority shareholders
-- Attributable loss of GBP432,000 (2015: GBP1,101,000) in the year

The accounts for the year ended 31 December 2016 will shortly be available at the Company's website, www.keminresources.com, in accordance with AIM Rule 20.

The Annual General Meeting of the Company will be held at 28 Eccleston Square, London, SW1V 1NZ on Friday 30 June 2017 at 10:00am.

Commenting on the results, Sanzhar Assaubayev, the CEO of Kemin, said:

"The Company is in the latter stages of receiving approval for the extension of its exploration licences. Once the licences are granted, which is expected in Q3 2017, the Company will continue with its exploration programmes, with a view to moving to production in the future."

For further information, please visit or contact:

[jimmyloser] 09/6/2017 06:48

Lithium, now that is interesting news.

[jimmyloser] 09/6/2017 06:47

What an amazingly encouraging RNS to receive after hours.

[jimmyloser] 16/5/2017 07:34

There are lots of factors to take into account. Moly is notoriously volatile regarding its price.As predicted by many the price is finally firming and recent announcements from China may bode well.It intrigues me why they retain their listing.I will keep the board updated of any price movements.One thing is very clear though and that is if they do announce action, you won't get near this as the free float is very smallImpo\dyor

[shareho1der] 15/5/2017 23:09

Jimmy. At what price will it kick this company into action

[jimmyloser] 12/5/2017 15:34

You got it, on the rise againStarted the week at 6.92 and right now a shave under 8 dollars

[jimmyloser] 11/5/2017 15:25

Moly surging even higher todayDyor

[jimmyloser] 10/5/2017 22:06

At long last, the price of Moly. finally surged upwards todayDyor

[jimmyloser] 08/2/2017 19:41

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.

[knobbyknuts] 06/2/2017 08:05

Also bought a few, can't buy more tan 25k at a time now.

[jimmyloser] 03/2/2017 19:26

That has been me. I have been accumulating quite heavily for a few weeks. I have now reached the levels where I am no longer a buyer and will sit back and hope!

This could be years away but once it triggers I expect it to zing!

One can only live in hope here and they have been worth taking a position at sub 3.5p

I ask myself why they didn't suspend. Anyone have any thoughts?

[shareho1der] 03/2/2017 16:28

I don't know why this share always rise late on Fridays

[knobbyknuts] 30/1/2017 13:53

Not many shares about at all even after those sells!
Something cooking here.

[marmar80] 28/1/2017 11:06

Pap, is it another oxs?

[jimmyloser] 27/1/2017 14:39

See post 772....................update, more action to come!!!
dyor/impo.

[shareho1der] 27/1/2017 11:35

This has been kept down for far too long.