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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
  5.50 2.11% 266.00 265.00 266.00 271.00 260.00 264.00 86,571 16:26:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 8.5 292

Kenmare Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
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
12/3/2019
20:52
What's delayed variable substitution got to do with anything?
murraybasin
12/3/2019
11:08
Results tomorrow yawn !n!
datahead
06/3/2019
23:24
The poor wee fella is just a tad kranky with his LSE mates. And misses his good olde buddy Kenmore since he was the only only that ever talked any sense on that board. Plus of course the ever dependable unflappable Cap.
donkey40
06/3/2019
22:05
What you on about Murray?
plat hunter
06/3/2019
21:55
It seems one of the two realized this is a long game and has backed off. The other one has an IQ of ~0.
murraybasin
04/3/2019
21:45
One man said, may the 4th be with you. Another said, I'd gladly pay you Tuesday.
murraybasin
28/2/2019
14:09
Will give you that one. Sleep walking beauty now out of the way for a substantially reduced award. Results soon and should be good, solid, bullish. The question is - is that the trigger or do we continue on building the base which coincidentally is the same price as the Material Deleveraging price (or slightly lower) from 3 years ago ?! Dat da part dat nooo make sense ! However Kinsella would appear to be closing the book on legacy issues. Time to prosper soon me’thinks.
ih_658216
27/2/2019
21:18
Wait for the floor Donkey, it's the safest place to pick up a falling knife from. Sustained period in this range is good, "the longer the base the higher in space"
plat hunter
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