Kenmare Resources Share Discussion Threads

[murraybasin] 15/9/2018 08:00

800,000 shares traded 1/9 to 14/9. Gradual accumulation. Big "Cup & Handle" on the chart; a break-out indicator for a move up to a higher support, likely target ~ 340p area. I see it moving up before capital markets day on 16/10 providing a catalyst for more buying off a higher level. FTSE has been psychotic of late, Donald and Brexit. With all of this talk about dividends at the capital markets day, expect to be seeing one in 2018.

[murraybasin] 12/9/2018 21:21

Usual suspects, nothing to add, poorly informed.

[donkey40] 11/9/2018 23:55

Well if you are connected to the Murray Basin, does that mean you are coming back for a 4th bite at the cherry ? Is interesting how punters now focus on net debt. Reality is there is zero right of set-off between gross debt and surplus cash. Rather the Lenders demanded that a cash buffer was provided for (and then built up) as part of the overall refinancing deal jn 2016 to provide for future unexpected speed bumps. Debt is still debt - and the Lenders want it paid off in accordance with the agreed payments plan of 9 capital repayments with no further excuses. By the time of CMD, there will have been 2 capital repayments with 7 to go. I don’t foresee dividend being paid before Qtr 3 2019 ie 4 down with 5 to go. Everything is on a slooooow burner - that NoSir chappie has a point when he said the BoD are milking it currently.

[murraybasin] 11/9/2018 23:07

Aug 21, 2018 232.00 239.00 230.00 235.00 235.00 9,438,307 Need some facts.

[donkey40] 11/9/2018 22:26

Geniuses or genie? These 9m shares recently traded are an open issue though. Any threshold reporting should have been done by now... who is being tardy?

[murraybasin] 11/9/2018 22:03

Go Contango!

[murraybasin] 11/9/2018 18:19

Looks like the geniuses are coming out of the woodwork over yonder.

[murraybasin] 11/9/2018 10:32

Tail winds: http://www.miningweekly.com/article/india-restricts-private-mineral-sands-exports-2018-08-31/rep_id:3650 hxxp://en.ruidow.com/news_x.php?id=946&pid=9&k=1 hxxps://www.dailyo.in/variety/kerala-floods-sand-mining-sand-mafia-illegal-mining-soil-erosion-rivers/story/1/26297.html

[murraybasin] 11/9/2018 10:28

I think we might hear something about the 9m shares before the CMD. Q3 production report will also be due in/around the same time as CMD. Might be updates on WPC B upgrade [complete!] and new dredge project. This HMS business is all really boring stuff, but the earnings are there. Just need to continue on plan. According to Ruidow, 113,000t of ilmenite shipped from MZ to CN in July. Market looks stable and prices are holding up.

[donkey40] 11/9/2018 00:01

I don’t see any further positive news ahead of the CMD - otherwise what is the purpose of having the CMD. Sit back and wait until Mar/Apr 2019 imo for price to motor. I just don’t see the IIs being keen to allow fund performance in the last quarter of 2018 when their bonus and fat cat pay packs are already pretty locked in for the year. Annoying but then reality often is.

[donkey40] 06/9/2018 20:07

No, most following expect this to re-rate north of 500p starting sometime next year.

[wacker101] 06/9/2018 15:27

I've read a lot about this company of late and have held a number of shares since 2014 so I've been through the mill a bit. With revenues up and looking fairly steady, debts almost wiped out, the introduction of a dividend (albeit probably small), this company is hopefully back to good health. The share price doesn't seem to believe it though. Conservative estimates will probably put the share price around 375p or am I missing something.

[murraybasin] 02/9/2018 14:45

Good to see Peel Hunt have upped their target. Re. the Base Page 13, those bubble charts usually start with TZMI. I've seen some of them doctored and misrepresented in other companies' presentations. Presumably because the producers of such presentations think people just look at them but don't try to rationalise them.

[abergele] 31/8/2018 08:54

Peel Hunt today reaffirms its buy investment rating on Kenmare Resources PLC (LON:KMR) and raised its price target to 400p (from 370p).

[donkey40] 30/8/2018 11:08

Slide 13 of Base latest presentation is informative - shows size of competitor deposits v Moma. Big Fat Moma.

[donkey40] 28/8/2018 19:55

Where is the RNS advising movement of the 9m traded last week ? Isn’t there a time limit for these things to be reported.

[donkey40] 23/8/2018 22:51

Murray old boy, that Buckler chappie over there is pretty stupid. He keep talking about forward guidance for H2 saying lower ilmenite. If he actually understood what the H1 results announcements said - Production in H2-18 is expected to be higher than H1-18, and Sales of finished products were at record levels, and it is likely that ilmenite sales volumes will be lower than forecast production in H2. That does not necessarily mean ilmenite sales volume in H2 will be below that of H1. Boys and their toys ..... I am greatly looking forward for visibility on the 9m transfer.

[murraybasin] 22/8/2018 07:07

Yahoo: Aug 21, 2018 232.00 239.37 226.24 235.00 235.00 496,017 Aug 21, 2018 232.00 239.00 230.00 235.00 235.00 9,438,307 Obviously have some data aggregation issues.

[datahead] 22/8/2018 06:55

But why does yahoo only report 496,017 for yesterdays volumes. - normally they are the same as here and also why were all the large transactions at 230p no other price ?