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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% 200.00 196.00 202.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 6.1 219

Kenmare Resources Share Discussion Threads

Showing 24026 to 24048 of 24950 messages
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DateSubjectAuthorDiscuss
19/4/2018
20:07
Sounds like BS. Top few holders have 80% of the company. Only way to approach TO is to bid what the company is worth. 'Hostile' isn't an option on the table.
murraybasin
19/4/2018
18:54
I see a lot of posts on LSE mentioning forced down for TO. Does not stack up one bit, if that were true then who’s selling to suppress thebprice? If indeed it is the major holders why would they be exiting prior to bid and secondly why wouldn’t any suitor just not approach with a hostile move. They could easily engage 30% combined holders and strike a deal off market to liquidate their positions and make a low ball take. I think MC pressure to entice holders to move on has worked, trouble is nobody wants the stock.
wheniamfree
19/4/2018
17:26
Gents - this is starting to look real scary. Never thought I would see 210p being tested. We could have waited 3 years and invested now rather than when averaging down when around old 1p level. Can there be something more sinister going on we are not aware of? This makes no sense to me.
donkey40
18/4/2018
19:38
Hi Murray - think it is difficult to compare with Base’s unit costs as their ore grade is close to double KMR’s and this is the major factor that overrides other considerations. Re: dozer trap - the topography works for BASE as they have a high face (in the central dune) so they can keep pushing distances relatively short for a decent volume of material before they have to relocate. I’m not sure how the elevation works out for KMR but presume it would be lower. Without knowing the relative distances, volumes and costs, can’t comment much further other than the principle works and is something I’m sure KMR would look at when planning their dry mining. Re: Pilivili – one of the reasons for targeting this ore body ahead of others is that the ‘slimes’ (which I would normally refer to as fine material - silts and clays) is relatively low so the cleaner sand offers better dredging conditions and better productivity for the dredging equipment. Last point, the planned 500tph dredger is to target parts of the ore body which are not accessible or not viable for the larger plant so think it is very much horses for courses in looking at the various options.
caposoka
18/4/2018
19:02
Capasoka - I was looking at aerial pictures of the mine site on GE from 2013. The dry mining operation at WCP B was occupying a pit sized area at least as large the mining pond. I suspect what happened in Q1 is that the dredge path turned back on the dry mining site, so in addition to the turn, a new dry mining operation had to be established. That would have required relocation of mobile and non-mobile mining equipment but also pipes, pumps, water sources, etc. Concurrent down time for both the dredge/WCP and the dry mining operation. This is more or less what they've said but probably without the kind of color that explains to the casual observer what it really means. Question: Base seem to be managing to keep costs down even though they have a dozer trap operation. In your experience could KMR try something similar in Pilivili?
murraybasin
18/4/2018
00:43
I agree – seemed like a load of excuses cobbled together to justify a poor production quarter and sometimes may be it is better to have less information! Turning a dredger is not much of an issue but it no doubt involved moving the MSP, pipelines and anchoring systems so if several days were lost doing it within a 90 day period it can have a noteworthy impact. Sales held up to target making use of stocks and production will catch up so on second read, thought it was a solid quarter.
caposoka
17/4/2018
23:34
Took my cash off the table and put it all into the post office.
staffy dog
17/4/2018
22:58
Cap - do you ever remember them telling us they did a 180 turn with the dredger?? I hadn’t heard it before, so it must move very very veerrrrrrryyyyyyy slowly or the mine path must be seriously long. The whole tone of Q1 Pr report amused me no end.
donkey40
17/4/2018
22:05
As an add on to this, historically KMR would set a mine path to target high grade zones in Q4 to build up stock to tide them over Q1 (ref Y14-Y16) but by Y17, the increase in power reliability had reduced the need for this and gave them more operational flexibility. Also, KMR also tend to build up stocks of HMC and partially processed intermediate concentrate so in times of power outages, MSPs continue to operate on generator power even if dredging stops. The same applies during time of dredger maintenance etc or times of poor dredging conditions. These types of operational improvements come naturally as an operation is bedded in and improving operational utilisation time appears part of KMR’s present mission.
caposoka
17/4/2018
21:21
Personally, I always had a suspicion the power this, cyclone that was a smokescreen for deeper issues. They always seemed to get the Production job done - Sales and margins were on the down so blame elsewhere. Of course it was done far more subtly that I express. In my view, with 200/- tonnes finished sticks, production isn’t wagging the tail of this dog just yet.
donkey40
17/4/2018
20:39
We should add, that wasn't Q1 this year (though we don't know what did/didn't happen in Q1 this year), but historically it was a Q1 annually (cyclone season). In Q1 2015 there was significant disruption to power following which a lot of 'traditional' timber carrier infrastructure was replaced by EDM (power company) with metal pylons having concrete foundations. Intent is that they are both cyclone and flood proof.
murraybasin
17/4/2018
19:23
caposoka - thank you for your explanation, we learn something new every day.
trev1223
17/4/2018
16:07
As KMR’s operations are fed off the national grid in Moz (electrically powered MSP and dredgers), dips in the power supply can cause major production issues so ‘dip doctors’ were installed a few years back to smooth out the supply (akin to a larger version of say a UPS in offices). Major outages in the power supply also caused major issues such as power lines being washed away during rainy season (Q1) but repairs and upgrades in recent years have led to a more stable supply. Back up generators were also introduced to keep the critical equipment running but these are only a back-up as they have a much higher running cost (diesel vs hydroelectric power).
caposoka
17/4/2018
16:07
As KMR’s operations are fed off the national grid in Moz (electrically powered MSP and dredgers), dips in the power supply can cause major production issues so ‘dip doctors’ were installed a few years back to smooth out the supply (akin to a larger version of say a UPS in offices). Major outages in the power supply also caused major issues such as power lines being washed away during rainy season (Q1) but repairs and upgrades in recent years have led to a more stable supply. Back up generators were also introduced to keep the critical equipment running but these are only a back-up as they have a much higher running cost (diesel vs hydroelectric power).
caposoka
17/4/2018
10:22
Forgive my ignorance, but what are dip-doctors?
trev1223
16/4/2018
19:45
As an example, slimes were encountered in the mine path during 2017, but it was still a record year for production.
murraybasin
16/4/2018
19:14
Witch doctor lol. Murray I’m not sure I just read the “however”; clause as something worth noting since it was separately mentioned. More like a “BUT..” “Additional supplementary dry mining capacity is being added at WCP A and WCP B, which will help to increase mined tonnes for the rest of the year. However, WCP A will remain in a higher slimes zone for Q2 2018.”
wheniamfree
16/4/2018
18:53
To anyone who knows the company well (Capasoka is one), your arguments do not hold up well. Higher slimes are something the company has to deal with from time to time and do not typically have any significant impact on QoQ production, so won't be an issue in Q2. We don't have precise reasons for stoppages in Q1; it's easy to speculate in the vacuum. However, there has been of the order of SEVEN serious storms during the cyclone season, one of which I've already pointed out wreaked havoc in Nampula in January. The cyclone season is the most obvious reason in evidence for lower production in January. One should tend to look at what is there, not what isn't. Historically we've seen worse, where power has been completely out, but this has been mitigated with on-site diesel generators and dip-doctors. Growth, growth, growth ... adding any significant volume to current production would be bad for the market. Other juniors lining up ought to be taking note. Investors and lenders are likely to be reluctant to support any large scale new projects for precisely that reason. So, be careful if running the rule over new projects ... The strategy at the moment is to sweat the asset, improving recoveries, containing costs, maintaining production and shipping volumes, and capturing price increases. It's not invalid. There's also a witch doctor doing a dance down at the front gate and we should all be concerned about that. If you're going to keep talking about 'high slime zone' you might also inform us all what impact you think it has on production output.
murraybasin
16/4/2018
17:15
Furthermore Q1 has a significant reduction in production figures. Whilst that is a quiet quarter (sales related) that does not account for production. Their year forecast is already in deficit entering Q2 whilst concentrator A is in a high slime zone. Expansion to B still to come therefore how much mined dry ore can be expected to supplement before results are released for this quarter?
wheniamfree
16/4/2018
17:05
That makes sense, the 500tph dredge to be left in place post the moves planned for 2021 I believe? So they are indirectly governed by the Major SHs since their financing has been reigned in somewhat. So by the above indications, whilst capex has been scaled back there is still a necessity for expenditure to generate the same figures YoY at least until 2021. With increased production will come also increased opex, again they are dependant on the commodity prices increasing. It’s more of the same which is what I was trying to highlight, the general report should indicate Kenmare trading flat at best case (by factors which are in their control.) That is unlikely to excite the market?
wheniamfree
16/4/2018
16:43
Cap, 50% was a high ball to show the scope of expansion. Do I expect to see 50%+ increase? Of course not but what I would expect to see is ambition of growth. The point I was trying to highlight was that capex of $19m to expand a plant just to produce similar results is not growth. Whilst grades may improve down the line on reocation treading water is not a growth story, it also does not give the potential to offset any negativite impact from within or external of the company and it’s control.
wheniamfree
16/4/2018
16:28
You are a waster and a loser. Nobody interested in what you say or think here. Keep digging for more history - thing is everyone that follows this company knows it already. So keep wasting your time - muppet brain. As far as I am concerned, from here on, with this company you are on Ignore.
donkey40
16/4/2018
16:25
WhenIamfree – how much investment would be needed to double production? Certainly several hundred million. Would KMR be able to raise this? Even the most ardent of shareholders readily acknowledge there are past confidence issues to overcome first from years of promising and not delivering, even if KMR have now reached the point of having had a couple of years of bedded down production, steadily improvement and improving market dynamics and very positive EBITDA numbers expected for the next few years. Would the load-out quay and transhipment vessels capacity also need doubling? At what cost? Certainly a couple of hundred million. What would the financing cost of all this be? Would the world market want to have another 8% of world supply come on line? There are some decent posters on various KMR boards who readily share ideas from different viewpoints. I don’t agree with keyboard warriors behaving differently to how they would behave face to face but none of your posts are adding value to anyone including yourself. GL with your future investments.
caposoka
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