Kenmare Resources Share Discussion Threads

[sg31] 08/1/2015 10:59

Iluka seem to be doing their DD while the company are still solvent with a view to buying them from the receiver.

Why buy now. It must be cheaper when they go bust.

[rachmanninov] 08/1/2015 08:19

As with many of my investments bought before the present crash in
mining and exploration stocks, it is clear that even if I hold on
for a recovery I will never get my money back. I keep saying that
this can never fall from it's recent lows...it must have reached the bottom...
and I am always wrong......I average down on 30 stocks, that had "bottomed" and they have all fallen a further 50% since their recent lows.

One commentator says...

"The bulletin boards and the Daily Telegraph report that a large institutional share sale was responsible for yesterday’s price fall.

In today’s “we don’t know what’s going on” statement from the company, they disclose that potential bidder Iluka (ILU-ASX) has conducted due diligence visits to both Mozambique and Dublin."

30 per cent to the average trading rpice over 3 months would give a takeout
price of what....?

Certainly not what I would be looking for.

[bh61] 08/1/2015 07:52

8th Jan statement same as 10th DEc, discussions with lenders to try and avoid default, more and more interest as II will have refused a placeing.

[bh61] 07/1/2015 17:57

Default time is Jan 31st, you are 18 days premature, but correct on the most likely outcome, over on LSE default is being mentioned but there are also some stupid optimists.

[sorksandnorks] 07/1/2015 16:13

On December 9th 2014 I predicted that at its prevailing rate of decline at that time the share price would reach 0p on or around January 13th 2015. Sadly we are still on course for that to come to fruition. If ever there was a time for an extremely large cat, this is surely it. Remember: it's not over until the Fat Dead Cat bounces!

[sg31] 07/1/2015 12:23

You could say he is....I wouldn't wish to comment. :-)

[bh61] 07/1/2015 11:23

Carvill turned down 17p on paper a few months ago, criminal.

[declan2] 07/1/2015 11:18

New low, end game looks imminent. The poster called 'Resourceful' should change name. These idiots had a takeover at a multiple of this price and turned it down. Explain that 1 to us ?

[amj321pixiebristol] 05/1/2015 21:37

Hole in the ground with a Carvill at the top is worse although I'm suspicious of those who claim to have got out at 60 p, there are not many of those around !

[papillon] 05/1/2015 19:51

Zak Mir? LOL.

[papillon] 05/1/2015 19:50

Zak Mir? LOL.

[galleon] 05/1/2015 11:55

All been said before, a hole in the ground with liars at the top "!! Sums up many mining companies - and probably this one ! Thank G I got out at 60p - but then got sucked back in at 15p and sold out at 12p talk about risky ! Good luck in the new year to all....

[sg31] 29/12/2014 10:06

Yes, Carvill already has.

[resourceful] 29/12/2014 09:51

being christmas i was charitable
i am not carvill but i do know a little about Africa
high risk projects are that....high risk
you gambled and lost..live with it
i would suspect most of the original BOD have their wealth in Kenmare shares
also their heALTH AND CAREERS
YOU GUYS SHOULD MAKE YOURSELVES KNOWN TO THE BOD
CLEARLY YOU BELIEVE YOU CAN RUN THIS PROJECT BETTER
AN INDUSTRIAL MINERAL IN THE WORST ECONOMIC DOWNTURN IN80 YEARS
IN ONE OF THE WORLDS TOUGHEST AREAS
I dont know enough about the economics of titanium,but i respect whats done
someone will make money fgrom it

[comane] 24/12/2014 16:39

h dear! SOUR GRAPES

[resourceful] 24/12/2014 09:00

sg31
you really are stupid
really
do you know anythimng about resources
no doubt you will blamer the big oil companies and iron ore companies for being crooked and incompetent due to falling prices,cost overruns
Irrational exuberance..maybe
But the biggest merchant banks in the world plus the World Bank invested
building a small project in a remote area with no infrastructure is fraught
i can only imagine at the challenges of building ports and the 5th biggest titanium mine
no matter what the team have earned it is not enough
thirty years of stress ,travel,missing family events,disease
Carvill has failed,no doubt
But he has spent his career in the good fight

[amj321pixiebristol] 23/12/2014 15:51

On the Twelfth Day at Moma, Carville said to me...anybody got some suggestions for verses ?

[sg31] 23/12/2014 11:02

That's exactly what I would expect Carvill to say.

I don't think you are the ventriloquist so you must be the dummy.

Carvill has taken £2m a year which is good remuneration for driving a great project into the ground. I doubt he's put anything like that into Kenmare. Your suggestion that he has worked 30 years for very little is outrageous and untrue. He's been very well rewarded for failure.

I agree Kenmare will have had a positive impact on that area of Moz but just imagine how much more impact it would have been if it had been an expanding vibrant going concern. Don't expect anyone to believe that Carvill did it all for the benefit of the locals. Nobody could be that gullible.

[resourceful] 23/12/2014 10:23

you really are fools
you should not invest in these companiers
high risk means high risk of loss
carvill has spent hios career in Kenmare
I dont know but can check but I assume he has put most of his money into the shares at the various placings
He has worked 30 years for very little
Kenmare will have had a huge impact on that part of Moz
roads schools communications skills income
you guys have lost money
but you had to know the risks

[donaferentes] 22/12/2014 17:50

the man should be castigated

bj61 - your spelling is terrible!