Kenmare Resources Share Discussion Threads

[rolo7] 22/9/2016 14:47

moving up very fast here!

[rolo7] 05/9/2016 22:02

big volume today funds buying in?

[sg31] 18/8/2016 15:10

Would that be Carvills pension fund>

[datahead] 18/8/2016 14:03

I agree - am down loads but bought more earlier in the week - think I need it to go to a tenner to get back to quits but I am not giving up - pension fund for me this one !

[rolo7] 16/8/2016 16:04

Going into fste small cap index? This has further to go with little free float

[gretel1921] 10/8/2016 11:36

This is the link to the article in the Belfast Telegraph

Might be a bit of milage left in this share after all !!

[piedro] 09/8/2016 17:08

Not having any money makes you into a good negotiator'

[sg31] 09/8/2016 16:17

Suitably derogatory I hope.

[bigspuds] 09/8/2016 14:45

Not an investor here. But theres a double page spread about michael carville and kenmare in todays belfast telegraph

[libertine] 09/8/2016 14:40

09 Aug Kenmare Resources PLC Canaccord Genuity Buy 225.00 260.00 510.00 Reiterates

[donaferentes] 03/8/2016 12:08

Johnny Cash and the KMR's - what a band!

[bh61] 29/7/2016 15:33

This share price only knows one way , down, down and down again.

[napoleon 14th] 29/7/2016 11:01

Lets see how share price fares from 225p open......

[libertine] 27/7/2016 19:01

No underwriters, shares not taken up in open offer issued to Lenders to reduce borrowing to £100m
New Ordinary Shares to be issued to Lenders under the Capital Restructuring has been finally determined to be 14,131,631 New Ordinary Shares in aggregate

[napoleon 14th] 27/7/2016 16:28

WELL???

Are the underwriters hurting???
I reckon they have some 32 million shares to mop up!
I figured waiting is by far the best.
Let's see what it consolidates to:

" Kenmare announces that it has received valid acceptances, including
applications under the Excess Application Facility, under the Open Offer
in respect of 2,920,837 Open Offer Shares from Qualifying Shareholders.
This represents approximately 7.45 per cent. of the Open Offer Shares
offered pursuant to the Open Offer. Qualifying Shareholders who validly
applied for Open Offer Shares pursuant to their Open Offer Entitlement
will receive the full amount of Open Offer Shares they applied for and
will also receive any Open Offer Shares applied for under the Excess
Application Facility.

A total of 2,920,837 Open Offer Shares will therefore be issued to
Qualifying Shareholders, which will provide the Company with gross
proceeds from the Open Offer of GBP6,721,387.62 and EUR56,180.65,
representing, at exchange rates prevailing today, US$8.9 million of
gross proceeds. "

[blue sky territory] 19/7/2016 08:47

Nice morning.

[sg31] 10/7/2016 12:58

Don't count your chickens....

[blue sky territory] 10/7/2016 12:37

I bought last week and have made an instant profit!

..more to come I suspect.

[petersmith6] 06/7/2016 10:19

Hence the current share price Why buy and make an instant loss

[tabhair] 05/7/2016 22:36

The whole thing is a farce, just like the management. They are asking us to stump up 1.16p for new shares when the current market price is 0.95p, a premium of 22%. Unless the share price shoots up in the next week or so, then just throw your letter in the bin and buy the shares in the open market.

[piedro] 04/7/2016 10:27

Seems everyone has left !!

... The Open Offer will have a ratio of 1 New Ordinary Share for every 71 Existing Ordinary Shares held on the Record Date. Subscription under the Open Offer will be in Sterling (Stg£2.317 per New Ordinary Share) or Euro (€2.818 per New Ordinary Share), being the Issue Price converted at the exchange rates as of the Latest Practicable Date. ...

Am I understanding the Open Offer correctly?

They are offering 2.817 New Ordinary Shares for every existing Converted Share
At a price of £2.317/New Ordinary Share which is equivalent to 1.16p/old Share

[piedro] 20/6/2016 17:16

... The Capital Raise will be conducted in US Dollars. The Issue Price is US$3.132 per New Ordinary Shares (reflecting a proposed 1 for 200 consolidation which will be implemented as part of the proposals). Based on the US$:Stg exchange rate as of the Latest Practicable Date, the Issue Price is equivalent to USD1.566c (Stg1.09p) before the impact of the proposed consolidation. ...

- Issue Price of USD1.566c (Stgl 1.09p)
after 1:200 consolidation >> Issue Price of US$3.132 ... ie., £2.18

[napoleon 14th] 20/6/2016 17:02

Interesting RNS today.

[sg31] 25/5/2016 14:01

3m buys and 19k sells...how does that work?

Buy a few more, you obviously know the stock market inside out.