Kenmare Resources Share Discussion Threads

[spectoacc] 18/8/2021 07:05

Seems to read well:


Statement from Michael Carvill, Managing Director:

"I am delighted to see the capital investment and the hard work of our teams over the last three years generating significant increases in production and sales volumes. This is also translating into higher profitability. H1 2021 EBITDA is up 121% on last year and profits after tax are up 278%. As a result, we have increased our interim dividend to USc7.29 per share, more than triple last year's interim dividend.

We remain concerned by the rise in delta variant COVID-19 cases in Southern Africa. Therefore, I'm particularly pleased that we completed the first round of COVID-19 vaccinations for our Mine employees and contractors. Local community vaccinations have also commenced.

We remain confident in the outlook for annual production and re-iterate our guidance of 1.1-1.2 million tonnes of ilmenite in 2021. I am pleased our RUPS decarbonisation project, targeting a material reduction in CO2 emissions, is underway. Market conditions for titanium feedstocks remained strong in H1 2021, with pricing strengthening quarter on quarter. The outlook for zircon has also continued to improve, with price increases during the half and continuing into H2 2021 to date."

[johnrxx99] 16/8/2021 06:08

Just a recovery from the buying opportunity at 415p. Every little helps.

[andyf987] 13/8/2021 18:26

This is literally the lowest volatility stock I hold (oddly). Do you think it an actual “recovery̶1; as such… or just a normal up and down as par for the course?

[johnrxx99] 13/8/2021 16:35

Recovering nicely

[rjmahan] 14/7/2021 18:07

As with so many other dirt cheap resource co’s share price doesn’t care…

[spectoacc] 14/7/2021 07:14

Plenty more in it than just this, but:


"Statement from Michael Carvill, Managing Director:

"Kenmare's capital investment over the last three years continues to deliver as Q2 saw a record quarter of production for ilmenite, improving on the record set in Q1 2021. WCP B continues to perform well in Pilivili, supporting higher volumes of ore mined and final product output. We remain confident in the outlook for annual production and re-iterate our guidance of 1.1-1.2 million tonnes of ilmenite in 2021.

We are concerned by the rise in delta variant COVID-19 cases in Southern Africa. Therefore I'm particularly pleased that we expect to offer COVID-19 vaccinations to all Mine employees and contractors, as well as local communities, later this month.

Market conditions for ilmenite, and titanium feedstocks in general, remained strong in Q2 2021 with pricing strengthening quarter on quarter. The outlook for zircon has also continued to improve, with price increases during the quarter and continuing to date."

[andyf987] 13/7/2021 16:43

Sitting patiently… seems to be working

[ukgeorge] 13/7/2021 16:14

silly me, start of the next up leg looks to be on.....

[soitopdog] 09/7/2021 14:17

Production results out next week 14 July
I believe news will move the share price
Especially half year report 18 August
So don't sell to early

[ukgeorge] 09/7/2021 13:44

Yep you are right, sorry is the 50 that it has drifted below. Has often then rallied so hopefully does similar. I've sold a few more has got a nice gain and it never hurts to bag a bit of profit

[dogwalker] 09/7/2021 13:37

Aside from that, we're beginning to look a bit toppy, & under your 18 day av, blah blah etc. Can all perk up again at any time of course.

[dogwalker] 09/7/2021 13:35

Under the 200 week exponential moving av, I see. But not the 200 day one, simples or exponential.
I have both 200 days ones down around 375p at the moment UKGeorge.

[ukgeorge] 09/7/2021 12:50

one thing I've just noticed is that the share price is trading under the 200 mda which isn't terribly good.

[ukgeorge] 09/7/2021 12:40

no sorry, see it in the odd broker report. The chart is looking very good, fingers crossed the next leg up is coming soon.

[nchanning] 08/7/2021 07:27

Does anyone have a reliable source for up to date ilmenite pricing ?

[ukgeorge] 05/7/2021 15:59

Although it looks primed for another leg up I just sold 1k

Roll on the move to £5+

[ukgeorge] 17/6/2021 16:39

Ongoing ilmenite price strength
Shifts in consumer behavior continue to support upward pressure in the TiO2
market, with paint and coating demand sustained by an uptick in DIY sales
globally and low housebuilder inventories. Industrialisation should underpin
demand in the long-term as GDP grows in emerging economies in tandem with
urbanisation. Based on ilmenite indices available on Bloomberg, Chinese
domestic pricing is now around US$375/t, while import prices could be as high
as US$410/t.

[ukgeorge] 24/5/2021 10:47

Ilmenite prices surge
Shifts in consumer behavior continue to support upward pressure in the TiO2
market, with paint and coating demand sustained by an uptick in DIY sales
globally and low housebuilder inventories. Industrialisation should underpin
demand in the long-term as GDP grows in emerging economies in tandem with
urbanisation. Based on ilmenite indices available on Bloomberg, Chinese
domestic pricing is now around US$330/t, while import prices could be as high as
US$405/t.

[andyf987] 09/5/2021 22:42

Ah thanks for that. 1000km feels like a decent enough separation.

Such a terrible situation in such a beautiful country

[pdosullivan] 09/5/2021 21:18

The situation in Cabo Delgado is certainly very serious but it seems to be contained to that province. A number of Western countries, most notably the US, are training the Mozambique armed forces which will hopefully reverse the momentum behind the extremists. The province is about 1000km away from where Kenmare has its operations.

[andyf987] 06/5/2021 17:00

Oooh, it is looking good. Patience still winning the day. Does anyone know if there is likely to be any impact from the issues on the border (being lazy and not checking).

Thanks

[ukgeorge] 06/5/2021 16:26

It is looking good :)

[dunns_river_falls] 06/5/2021 11:34

Come on Kenmare. Today is the day... Let's bust through 440 and leave it behind for good!!

[dunns_river_falls] 29/4/2021 14:54

Just keeps on nudging that 440 price. I make that 11 times. It's coming to decision time now. Breakout or drop back a bit and regroup before taking another crack at it. Either way it's going to bust through in some style, Come on KMR let's see £5 plus!