Kenmare Resources Share Discussion Threads

[donkey40] 24/4/2019 06:55

Kenneth seems to be shaping up into a bit of a Monster. Hope everyone is well prepared and they come out ok on the other side. Oh and I see the hermit has come out from hibernation. As usual, he speaks but little on relevance or intelligence comes out. He is getting chirpy over on his favourite stock, after 2 more dilutions. 430m shares in issue; awaiting a 2mw award for a power plant that will take 2+ years to commission. He sure knows a lot.

[wheniamfree] 24/4/2019 06:49

“Kenmare delivered a 15% increase in HMC production to 358,700 tonnes (Q1 2018: 311,000 tonnes). Despite a 10% decrease in ore grades, which averaged 4.07% (Q1 2018: 4.51%), production benefitted from a higher volume of ore mined.” Mining additional tonnage on a falling grade requires additional processing costs and treatment ergo increased OPEX. The recent cyclone saw shipments reduce by a whopping 34%, have these now recovered? Doubtful since roads and docking/terminals will be under repair. When it rains it pours.

[wheniamfree] 24/4/2019 06:32

Peel Hunt now in the mix. Sounds like a cash call is coming, given cash flows aren’t sustainable for additional development. The grades are declining and stock piles are being used up to keep sales figures as growth it doesn’t surprise me. “2019 outlook Kenmare has delivered steady improvements in operating metrics and now has the solid foundation required to fund our growth plans. We will be assessing additional measures to enhance financial flexibility while we deliver our outlined projects, in addition to providing stability and protection against inevitable economic and commodity cycles.” Dillution, dilution, dilution.

[plat hunter] 18/4/2019 11:09

You love each other really.

[donkey40] 16/4/2019 21:41

Truly amazing what you know about me! And how often you talk about me. And apparently (in your world) I have a problem ..... Thanks for your concern. Next please.

[wheniamfree] 16/4/2019 15:26

I know donkey but you have a problem, you can never admit you are wrong. Possibly why your still here posting your words of wisdom whilst riding a 98% loss and trying to offer everyone else your advice elsewhere.

[donkey40] 14/4/2019 23:31

I’d be inclined to agree with you - but I been calling it a Buy for over 2 years.

[murraybasin] 13/4/2019 08:21

It takes an outstanding genius to contradict himself in the space of one sentence. Not withstanding liquidity discussion, a good proportion of the lender shares are already gone, with EIB being the stick-in-the-mud. They are down marginally to 7.6m shares. Sourced register data is indicative but not accurate. I'd be inclined to buy what you can, when you can. The status-quo here won't last.

[donkey40] 12/4/2019 12:04

Sustained volume these days. Notice I didn’t say sustained selling.

[donkey40] 10/4/2019 23:18

They are all at it: PERTH (miningweekly.com) – Mineral sands miner Base Resources has flagged lower production expectations for the 2020 financial year as operations at the Kwale mineral sands project, in Kenya, moved from the Central Dune orebody to the South Dune orebody. For the full 2019, Base is expecting to produce between 88 000 t to 94 000 t of rutile, between 385 000 t and 415 000 t of ilmenite and between 31 000 t and 34 000 t of zircon. However, for the full 2020 financial year, rutile production is expected to reach between 64 000 t and 70 000 t, while ilmenite production will be between 315 000 t and 350 000 t, and zircon production between 25 000 t and 28 000 t. Base told shareholders on Wednesday that the lower production guidance for the 2020 financial year resulted from the lower heavy mineral grade of the South Dune orebody, depletion of stockpiled heavy mineral concentrates during the transition of the mining operations, and normal uncertainties associated with mining a new orebody.

[donkey40] 08/4/2019 22:47

JOHANNESBURG (miningweekly.com) – Diversified miner Rio Tinto on Monday approved the construction of the $463-million Zulti South project − the next stage in the development of mineral sands producer Richards Bay Minerals (RBM), in South Africa's KwaZulu-Natal province. The project will sustain RBM's current capacity, as well as extend its mine life. RBM currently operates four mines in the Zulti North lease area, where the grade of the orebody is declining. The Zulti South mine is required to maintain the output of high-margin zircon and rutile, as well as provide sufficient ore to support titanium dioxide sales. Construction on Zulti South is expected to start in the middle of this year, subject to the granting of the required permits. First commercial production is expected late in 2021. The investment will be fully self-funded from RBM’s cash flows, with no additional debt or recourse to Rio Tinto, which holds a 74% interest in RBM and manages the operation. “Rio Tinto has a long history in South Africa and today’s investment underscores our commitment for the coming decades and beyond. Zulti South is one of the best undeveloped minerals sand deposits in the industry and will significantly extend RBM’s position as a world-class, first-quartile asset.

[plat hunter] 07/4/2019 11:46

cool, cheers Murray

[murraybasin] 07/4/2019 11:15

Pershing have been a recent seller ... probably a good sign ...

[murraybasin] 07/4/2019 11:08

As at 29/3 Jarvis Nominees didn't appear on the register.

[plat hunter] 07/4/2019 10:57

You're biggest holders are likely to be Jarvis nominess and that can include an plethora of other insti holders who hold on behalf of PI's.. AJ Bell being one of the many aggregator's who use Jarvis Nominee services

[donkey40] 07/4/2019 10:47

Latest annual report shows 19 shareholders hold over 750/- shares totalling 91m /83% of total. Can we piece the list together: Oman, M&G, EIB, Capital, Majedie, Miton, Fidelity are the easy obvious. Maybe’s are L&G, BlackRock (or did they exit), Foord Asset Mgmt (they were a strange one), JP Morgan (maybe gone), .. Any views ?

[donkey40] 04/4/2019 17:22

Decent volume these days. Wash and rinse or real intersst.

[murraybasin] 30/3/2019 13:08

Or, you deal directly on exchange yourself.

[plat hunter] 30/3/2019 12:08

In today's world of automation, technology and search for productivity. Aggregation is a key process for brokers and trading platforms alike and as such it's practically impossible to reconcile your trades on stock market ledgers nowadays.Unless of course you have bigger stacks than Buffett

[murraybasin] 30/3/2019 11:09

You can trade both shares on both markets. If you give a broker a direction though they may use their discretion as to which market they trade on depending on the market depth. Also, if using a broker they might fill off market from stock they are holding themselves or even a match for one of their own clients pending orders. Through whom did you place the trade?

[datahead] 30/3/2019 02:35

Strange when i buy bank of ireland shares in ireland the buy comes thru on lse but not when i buy kenmare on the irish stick market - bought some yesterday -

[murraybasin] 29/3/2019 16:08

I've been watching it for a while ;-)

[plat hunter] 29/3/2019 15:36

It's tempting Murray but i reckon the gains here when they start, will run and run then run some more. Plenty of time for me to watch it for a while and get comfortable with it's trading pattern. i have no doubts that it will happen at some point.