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Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 224.00 221.00 227.00 227.00 221.00 226.00 372,050 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 6.9 246

Kenmare Resources Share Discussion Threads

Showing 24001 to 24019 of 24950 messages
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DateSubjectAuthorDiscuss
16/4/2018
14:38
Donkey, quick question. How was MC in his early days and what ventures did he attempt before each and everyone amounted to diddly squat? Perhaps however he is a martyr too? “Murray - ignore this pr*ck. If he is that stupid to think the correct strategy is to double production and half the 100year mine life, he isn’t worth any effort.” Brilliant, just brilliant. That is the best thing I’ve ever heard/read. Many companies aim for a 20-30 year LOM which is a-typical time frames for their mining/production license terms. Perhaps if they had your drive and ambitions they should reduce their production by 66% and extend their LOM to 100 years. That is what your telling everyone right? And I’m the stupid one lol.
wheniamfree
16/4/2018
13:44
Amusing - a company with punlished Reaerves, no offtakes, delayed tenders, minimal staff, major investment still ahead, construction of P&E all ahead, no prior experience of extracting and selling gas, only prior experience of selling 2 companies in their home country to gas majors, now operating in Africa and thinking repeating a hat trick will be somewhat straight forward. This is the pursued strategy - and this genius dares to criticise a company with 25 years experience of exploring, investing, operating, employing and exporting from Africa. Go back to where you came from please. You are simply here to be a disgusting pest. Go away, take your BS with you and spread it elsewhere !!!
donkey40
16/4/2018
13:32
Murray - ignore this pr*ck. If he is that stupid to think the correct strategy is to double production and half the 100year mine life, he isn’t worth any effort. Anyway, he is just being a mischevious copycat, with his ambition quip. Let him focus on a bag of gas with rapidly depleting cash, no commercial contracts, a delayed RFP process which delays commercial plans ever further, BS chit chat about other potential Offtake contracts, more directors on the board than actual staff numbers, no in-country presence worth talking about, industry partners that have promised much and delivered nothing. Pretty much sums up his bag of gas. His comparisons against Kenmare are, as you and Cap and the rest well know, just him trying to wind me up. Best ignored on this board.
donkey40
16/4/2018
13:10
Tlou is running a two pronged approach for value accretion, upstream reserves along with downstream gas to power commerciality. The RNS on reserves was due on or around the time of the RFP delay, no coincidence since either were due at the same time. There is no revised competition to the RFP as known as it has been shortlisted again for the same two parties - there is nobody else in Botswana or the S.A. region with any independently certified CBM reserves. Within Botswana there is nobody else with environmental impact assessment approval a process that takes some 18-24 months to complete and is needed before even exploration can commence let alone any form of development or production and additionally Tlou have a production license for one of their ten blocks already in place. All of which are 100% owned. Even the other party in the RFP has zero of these, putting them already around 5 years behind. Tlou would be 100% owner of the upstream and 50% owner of the downstream with their partner IPC. The full value resides in the gas reserves the electricity generation and sale is revenue generative but its the gas reserves where the intrinsic value resides. The market over reacts, the RFP was expected to be a success but bearacracy threw in a curve ball. As such the documents are likely to be amended at government level hence the resubmission. This is the first CBM in the entire country - there is nobody else hence first move advantage but with the caveat of paving their own path. Tony Gilby is twice proven in the industry, take a look at sunshine gas and arrow energy if you are interested. Capped at sub $20m on creation as founder and sold to BG group for $1.1bn. There is too much to list here but needless to say the delay is a mere speed bump on ONE of many potential customers including mines, businesses etc locally and also the opportunities to sell regionally via the Southern African power pool of which there lies a circa 8000mw deficit on demand. Not the place to discuss here but plenty more to it than the above point you raised.
wheniamfree
16/4/2018
09:16
I've no interest in CBM, but, what I do find curious is the timing of the last TLOU reserves update relative to the timing of the termination of the prior tender process. You could be forgiven for being circumspect about those sorts of coincidences. What's unclear now is who the revised competition will be when it comes to the 100MW CBM plant tender. If TLOU is going to supply the gas, but not generate the power, does it mean TLOU hasn't managed to capture the full value chain? Are there other CBM licensees in-country who are positioned to supply whatever company is finally awarded that 100MW tender? Despite the 944% reserve increase announced in February, the share price is less than half of what it was in January. Doesn't seem like anyone is convinced by Tony Gibly's other options should he not succeed in the power tender. Seems to me like the Government didn't want to award to either of the two parties who already submitted and hence the need for the rerun. Admittedly, based on a very cursory review of some TLOU releases.
murraybasin
16/4/2018
05:48
Not quite Murray since all licences are already in place. The delay is down to the offtake since certain ISOs weren’t in place so more administrative due to it being “first in class”. I state delay since the customer is asking to rerun however more customers than just one, infact plenty. Still - this is planet Kenmare.
wheniamfree
15/4/2018
22:43
Well, as you know this starts by getting licenses, building a business, investing capital, and then hoping the aliens you do business with don't want to take enough mineral and humans away in their spaceships to make the venture unprofitable. And, I guess, if you are trying similar elsewhere, and the alien overlords reject the advances of the human underlings and seek solace elsewhere, then that's life as we know it. It seems you haven't sacrificed enough lambs. At the moment, it seems our spaceships are better than your spaceships, and unless you can work up enough good will to add warp cannons then you're going to be sitting in the back seat because not only do you have inferior cannons, but you have inferior shield generators. Our alien overlord chose to let us run an in-country business. It seems your alien overlord told you to go back to square one. Clearly you haven't sacrificed enough lambs yet.
murraybasin
15/4/2018
21:56
Why can’t they keep increasing production and scale out, they have a 100 year mine life as you tout. Why not run to a 30-50 year mine life and increase production and grow the company like most producers tend to do? It’s called ambition and growth. Maybe one day dividends will arrive, maybe.. one day.. Donkey - oh the irony.
wheniamfree
15/4/2018
20:39
“ This means growth is dependant on the market prices since as you say, production will be flat or marginally increased at best. Or, as with Q1 perhaps down. Whilst capex of $19m may seem justified the benefits won’t be noticed for years especially if spot prices were to decline?” Production will be same as last year, sales prices have shown a marked increase over last 2 years, after a period of exceptionally weak consumption. And still you complain !! They cannot keep adding 20% production capacity year on year, but once they do, you the new oracle pitch up, moan and whinge - what a false fool you are !! You and I both know why you are posting on this board - please go back to where you came from. You have little or nothing of interest to say on this company.
donkey40
15/4/2018
16:47
"only 2018 is already forecast to be mid range post Q1 stoppages and issues even prior to the upgrade work on concentrator B" The planned upgrade work on WCP B is already under way. This is being led by Hatch Engineering, currently on site. The Q1 production report indicates there were planned and unplanned stoppages. Presumably some of the planned ones, separate to reversal of the mine-path (per mine-plan), may be related to the WCP B upgrade work. "and the likely reduction in production from concentrator A due to the high slime zones." That is why KMR has supplemental dry mining. The slimes impact the dredgers, not the WCP. The dry mining operation keeps the WCP throughput up. The following may also give a hint as to how historically Q1 can be a lower production month: Average Precipation: https://en.wikipedia.org/wiki/Nampula Tropical Cyclones: hxxps://www.wunderground.com/hurricane/si2018.asp Nampula, January: hxxp://floodlist.com/africa/mozambique-floods-north-nampula-january-2018 I have a vague recollection someone I talked to in January said that there was some preemptive safety measures taken, which may have included plant stoppages and personnel relocation (in relation to Ava).
murraybasin
15/4/2018
14:16
I don't think many will be perturbed by the production if the final year out turn is of the order of $90-$100m EBITDA. Have you anything else you think might be a concern for us? Maybe something we don't already know.
murraybasin
15/4/2018
13:00
Perhaps so Murray but much of which will be from stock, it will be production figures I’d imagine the market will want to see much like for 2017, only 2018 is already forecast to be mid range post Q1 stoppages and issues even prior to the upgrade work on concentrator B (and the likely reduction in production from concentrator A due to the high slime zones.) It would be interesting to see what time/cost contingencies have been factored in for this work. I see the feasability studies are to begin for future moves but this won’t be for 3 years? This means growth is dependant on the market prices since as you say, production will be flat or marginally increased at best. Or, as with Q1 perhaps down. Whilst capex of $19m may seem justified the benefits won’t be noticed for years especially if spot prices were to decline? Which was the point I made about treading water. I just fail to see from the above how they can increase on production this year, if I were to forecast I’d project they’ll be below target and going into H2 will be the decider for that.
wheniamfree
15/4/2018
10:41
Murray perhaps, although rattling the hornets nest isn’t always the answer. Regards 2018 forecasts, production figures are actually expected to be down on 2017 yet operational costs are to increase?
wheniamfree
15/4/2018
09:45
Authorities in MZ have a novel way of dealing with 'members'. They arrange early appointments with their 'maker'.
murraybasin
15/4/2018
07:06
This company is called KenmARE. It is you who’s alias was Kenmore (also Kanmere, Changiboy and various other aliases you registered to try and avert your LSE ban). There’s a fact for you. I just shared a link, isn’t that what forums are for, to share research? At least my view has some evidence to support it, you should give it a try.
wheniamfree
14/4/2018
23:49
There is a link to something on the internet - it MUST be a FACT. Yet more sh1te from the resident Kenmore troll. As Murraybasin says, you don’t deserve any more of our time.
donkey40
14/4/2018
22:29
Looks to be escalating. Https://citizen.co.za/news/news-cns/1893291/isis-fighters-infiltrate-neighbouring-mozambique/
wheniamfree
14/4/2018
16:53
Plan is for 1.2mt of ilmenite PA /plus/ co-products. Zircon and Rutile will increase proportionally also with the total output pressing for 1.3mt. That tips future revenue towards: * Ilmenite 1.2m x 200 = 240,000,000 * Zircon 80k x 1500 = 120,000,000 * Rutile 10k x 900 = 9,000,000 = USD 369m. A few years to go before we get there but we will be climbing from USD 208m in 2017 towards USD 369m in 2022. That USD 369m figure is not remotely reflected in current broker forecasts of 500p.
murraybasin
14/4/2018
16:27
To answer a few questions, assuming they are genuine and not already known, especially as answers are readily available in recent annual reports / podcasts…. KMR has 4 major customers (65%+). a ratio of long term contracted sales : spot of approx. 2:1. Contracts renegotiated typically every 6 months. If you follow the BB’s for long enough you will see people complaining the ratio of spot is not more (when product prices are increasing), the ratio of contracted is not more (when product prices are falling). Personally I think that KMR know what they are doing – they do sell more than 8% of the world supply. KMR have property, plant, equipment assets of approx. USD 800M and an annual depreciation charge of circa USD 30M. It would not be unreasonable to assume they will use a 25 year+ depreciation period for the WCP B investment of USD 19M. Through the depreciation charge it will added less than USD 1M p.a. on to the cash cost, which on production of 1Mt p.a. equates to less than USD 1 cash cost per tonne produced. Compare this to the change in WASP anticipated to rise by USD 20/t every year for the next 3 years. Under the planned mine path and movements from one ore body to another, the decline in grades has been flagged and an issue to be tackled. This investment (and others) are part of the plan to increase production from 1Mt p.a. to 1.2Mt p.a. (which is the name plate capacity of the MSPs). To view one of these investments in isolation is not the way to go. The collective investments will increase production and improve value, (marginal increase in the fixed cost base vs a large increase in revenue as set out above).
caposoka
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