Kenmare Resources Share Discussion Threads

[donkey40] 17/9/2018 09:31

As always, the China market commentary is sharp, on point and on the money... WTFATTA ?

[murraybasin] 17/9/2018 09:02

Ruidao News: Released: 2018-09-12 17:10 Source: Ruidao Metal Network In the third quarter of this year, the overall performance of the titanium dioxide market was weaker than that of the same period of last year. At present, the average price of domestic titanium dioxide is lower than that of the same period of last year by 500-1000 yuan/ton. It is precisely because the downstream titanium dioxide powder is cold, and some titanium dioxide enterprises reduce production due to environmental factors, resulting in lower demand in the titanium ore market. Although two titanium white companies have announced the price increase, they have started from ten. The implication is that prices will remain stable in September. Before the downstream has not yet conveyed the positive driving force, domestic titanium ore merchants are still maintaining a wait-and-see attitude, and corporate quotations are flat. Ruidao also learned that the current price of foreign mineral titanium ore is stable, resulting in no shortage of price for imported ore, and there is no intention for importers to actively reduce prices. Then the main determinant of the future domestic titanium ore price is whether the large miners in the Panzhihua area of ​​Sichuan can keep the price unchanged. From the current guidance price of the Panzhihua big factory, the stability is more significant. At present, the 46% titanium ore mine does not include tax 1200-1250 yuan/ton, and the surrounding small and medium-sized miners 46 grade titanium mine does not include tax 1130-1170 yuan/ton. Vietnam A mine contains tax 1750-1800 yuan / ton; Australia mine, Mozambique mine Tianjin port tax 1500-1600 yuan / ton (more suitable for titanium slag and reduced titanium industry).

[murraybasin] 15/9/2018 09:00

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 22:21

Usual suspects, nothing to add, poorly informed.

[donkey40] 12/9/2018 00:55

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] 12/9/2018 00:07

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

[donkey40] 11/9/2018 23:26

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 23:03

Go Contango!

[murraybasin] 11/9/2018 19:19

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

[murraybasin] 11/9/2018 11:32

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 11:28

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 01:01

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 21:07

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

[wacker101] 06/9/2018 16:27

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 15:45

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 09:54

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 12:08

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

[donkey40] 28/8/2018 20:55

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 23:51

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.