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
  -2.00p -0.84% 236.00p 236.00p 238.00p 238.00p 235.00p 235.00p 44,016 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 205.6 44.0 36.1 6.7 259

Kenmare Resources Share Discussion Threads

Showing 24576 to 24598 of 24800 messages
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DateSubjectAuthorDiscuss
22/3/2019
08:51
Any thoughts on the shipping capacity from Moma (since you answered pretty much everything else but that) ....
donkey40
22/3/2019
01:27
"wheniamfree" is quoting (or coincidentally mentioning the same quote as) "Nickel_Investor" from LSE. Of course, in both cases, misunderstood (or deliberately misquoted) entirely out of context. He knows pretty much f--k all about the reclassification issue either. I'm fairly close to that one myself. The posted link: hxxps://www.european-coatings.com/Markets-companies/Classification-of-titanium-dioxide-decision-postponed If you sniff salt, or coke, as is likely with some of these idiots, the psychological impacts are like to be worse ...
murraybasin
22/3/2019
01:14
“although current prices are profitable for Kenmare, they largely remain insufficient to fund the development of new projects” I'm fairly sure I saw this posted by a different poster over on LSE too. Someone possibly looking to upset the apple cart? What is communicated here is that KMR can profitably mine at this price level and generate significant cash (close to $100m EBITDA p/a), probably more for FY 2019 due to the additional MSC product stream. On the other other hand, the current market prices represent a barrier to entry for /competition/ because they wouldn't generate sufficient cash to fund new or enhanced operations. Whatever you think about Alba or Jay, look forward to needing capital of $500m to $750m to get to an operating mine. On Jay, who probably can't borrow at that level, their existing shareholders are in for a serious shock. I'll be shocked if they can raise the funds given their current status. It is understood that ilmenite needs to be hitting above $220/t FOB to be an inducement for new projects. It's not there yet, so KMR is continuing with a healthy ~38% margin on product whilst brown-field competitors do not have the prices that can lead them profitably to market. The margin is expected to increase from 2019 onwards. Kenmare is sitting in the sweet-spot. If prices hit those inducement levels, our margins will go through the roof, but we will also have new competition. However, we will be better placed to compete on price and with our volumes (7%+ WW) can do a lot to keep lower margin competition out of our way. This is the issue that BlueJay and Alba now face. Especially in the case of BlueJay, their current investors will be asking themselves if the emperor has any clothes. There was the whole stupid 'slip up' regarding the RT news release/web site update. Don't think anyone with a brain cell bought that one.
murraybasin
21/3/2019
18:26
http://www.baseresources.com.au/wp-content/files/Toliara_PFS_confirms_a_world-class_mineral_sands_development.pdf 65% ilmenite; 35% zircon / rutile. That makes this one very attractive. Sadly KMR doesn’t come so close on those metrics. I starting to wonder what the shipping capacity at Moma is. And how much that capacity shaped the decisions around production expansion to 1.2mtpa.
donkey40
20/3/2019
14:59
We are here to talk about Kenmare. Let’s not change topic.
wheniamfree
20/3/2019
13:21
How is your other share price doing? Are we having a goose v gander moment... At least please maintain a level of consistency in your opinions or posts. Good man!
donkey40
20/3/2019
11:52
Whatever you say donkey, share price is doing the talking.
wheniamfree
20/3/2019
11:45
https://www.asx.com.au/asxpdf/20190320/pdf/443mz0w933ysv3.pdf But don’t take my word Windbag - see what the industry feedstock giant is saying. Executing projects to mitigate effects of emerging supply deficit; Disciplined approach to capital allocation and sustainable product pricing; Challenges - high grade TiO2 market tight with limited feedstock through chain; Structural deficit continues to emerge; Quality long-life high grade deposits are limited; Addressing the deficit - read and weep; Now can we move the dial and the conversation to the real issue with KMR currently, as we will humour fools only for so long....
donkey40
20/3/2019
11:02
https://www.ineos.com/news/shared-news/ineos-set-to-acquire-cristals-north-american-titanium-dioxide-business-from-tronox-for-usd700-million/ Windy - I’m guessing you read this but, as observed by your comments on another stock, you just failed to understand the significance. I am probably more inclined to follow the lead of Sir Jim’s interest and money here than your silliness. And believe me - you are silly!!
donkey40
20/3/2019
10:43
Still within a trading range of a base even if I wasn't expecting it go below 200, watching for 182 now. Any strengthening and support above 182 is a good sign imo.
plat hunter
20/3/2019
10:08
Can see the reclassification of TiO2 also coming to a head soon too. Those who stated it would never happen may be about to have their eyes opened. KMR primary output is the feedstock to such product. A reclassification will be felt through the commodity market and likely to cause a downspiral in pricing ahead of a cyclical downturn. Are KMR hedged against such outcomes? I doubt it, they obviously felt concerns having raised it as a risk in historic RNSs - head, sand, buried? Https://www.european-coatings.com/Markets-companies/Classification-of-titanium-dioxide-decision-postponed
wheniamfree
20/3/2019
10:03
“although current prices are profitable for Kenmare, they largely remain insufficient to fund the development of new projects” Pay off resultant from the recent court case. Cyclone is just the tip of the iceberg. Looks like those with any sense are running for the hills, 190p and falling. Don’t see this going anywhere anytime soon.
wheniamfree
20/3/2019
09:41
20 March 2019 Update following Cyclone Idai Kenmare Resources plc (LSE:KMR, ISE:KMR), which operates the Moma Titanium Minerals Mine in north-eastern Mozambique, provides an update following Cyclone Idai, which has impacted central Mozambique and other parts of southern Africa. The Moma Mine has not been impacted materially by Cyclone Idai. The on-site team activated the cyclone preparedness plan to ensure that the Company’s employees and assets were protected, and production continued without any significant interruptions. Product loading activities and shipping were suspended for seven days, however they resumed on Friday 15 March 2019, as sea conditions improved. Kenmare continues to receive grid power as the power network in northern Mozambique was not affected by the cyclone. Kenmare is deeply saddened by the news of loss of life and scale of damage, and is providing financial support towards the relief effort in Mozambique. The Company’s employees have also initiated a collection scheme to provide clothing and dry goods for the people impacted by the cyclone.
libertine
20/3/2019
08:19
hxxps://www.miningreview.com/east-africa/how-has-mozambiques-mining-sector-fared-against-cyclone-idai/
libertine
20/3/2019
05:57
https://expertinvestoreurope.com/mg-prudential-spends-e32m-preparing-for-brexit-ahead-of-demerger/ This article got me wondering about portfolio performance in pre / post Brexit world. Not saying it is a reason to not perform pre Brexit but ...it’s a funny old world currently.
donkey40
15/3/2019
00:58
So the CMD back in October - what was the point of that again .... This was a serious question - 6 months on from the CMD and .....nothing. Sure things have a lead time but I’m getting the sense there is no pressure from within to try end this share price malaise
donkey40
14/3/2019
21:50
Looks like Tommy does a drive-by once a day (or less) ...
murraybasin
14/3/2019
20:19
Flattery will get you everywhere. I hadn’t appreciated the senior debt clears soon, leaving subordinated holders as the paymasters. That may change the nature of conversation, especially if EIB voice is lesser. Need to look at that. But this debt is 5% - cheap as chips. So why clear it quickly. Makes zero sense to me - and as you rightly say, I am incredibly clever on these sorts of things! Of more interest/concern, are management really telling us they are simply battening everything down and sweating the Moma asset for all they can. Sure they had to fix below the waterline, and the refinancing gave the $$ to do that. But are they still fixing (disguised as optimising).... If so, then scary just how much was spend on mine construction.... ie how much potential waste. Hmmm. I always knew that China chloride plants would be the next big growth area for feedstock supply. This seems to be coming online steadily now. If that accelerates (since the Chinese nearly always over-capacitise), then we should have price spikes and good stuff like that. For hopefully quite a while - still all ahead of us. We are a long time dead so I am ok if they get a hurry up on.
donkey40
14/3/2019
18:41
Of course you’re right they could raise equity. Think it is highly unlikely as a) cash flow will be sufficient; b) bank loan would be preferable c) they could slow things down or pay less in cash sweep etc etc. You are much more experienced on these matters but hopefully I am on the right track. I only banged on about it as finding a new more flexible arrangement came up as in the Q&A and Nosir asked for an opinion. The fact they considered it, took no action to date and the issue will diminish as the debt is repaid says it all for me. At least it was a topic to chew over instead of lamenting the share price hadn’t gone up!
caposoka
13/3/2019
23:25
LSE lads are bickering tonight. Clearly they would need a certain level of EBITDA to generate enough cash to repay capital, then allocate a meaningful enough amount to cover cash sweep and dividend and some for interest (not the big deal NoSir is trying to make of it) and an increasing amount for Tax. So aren’t we the clever clogs that thought things would simply and quickly default back to the simple approach of play the cycle. Cap - they could always issue a bunch of new shares to finance some or all of the Capex to relocate to Pilivi. But no - there is a complete 180 degree turn in modus operandi compared to the old Kenmare. Still, all these projects and preparing for dividends and keeping things super tight keeps management busy (but I imagine not too stressed). And guess who the only people doing well here at the moment are....
donkey40
13/3/2019
10:29
Donkey, I struggled with that too at first glance. Appears to be a (too) clever presentation of figures to show a downward trend when actually the costs are rising but haven't looked at it again - yet.
caposoka
13/3/2019
10:19
I struggled with the reconciliation of cash costs per product. Collectively up in total for 2018, yet saying ilmenite was actually down. Which means zircon, futile and concentrates well up. Yet these are small % of production/sales, so that doesn’t make sense in first glance to me.
donkey40
13/3/2019
09:06
Conference call was encouraging (imo) - Also available as a webcast-
pugugly
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