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
  -3.00 -1.24% 238.00 242.00 245.00 242.00 238.00 240.00 36,242 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 205.6 44.0 36.1 6.8 261

Kenmare Resources Share Discussion Threads

Showing 24651 to 24674 of 24875 messages
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DateSubjectAuthorDiscuss
24/4/2019
16:46
I'd forget it. The guy is clearly clueless both as to the balance sheet, operating margin, expected capital costs, and shipping. Here's an example: Jetty output is 1000tph and transhipment capacity is 7368t. If they only make one trip per day they can still manage 2.6mt per annum. The shipping capacity far outstrips the mine output of 1mt or target of 1.2mt, hence weather outages are not a problem. They should in reality be able to handle 100kt per week.
murraybasin
24/4/2019
14:24
Yup, the lack of constructive response told me all I needed to know
donkey40
24/4/2019
12:12
The absence of a constructive response should tell onlookers all they need to know. Spending money to tread water and maintain production figures and stock piles whilst increasing operating expenses against a down turn in commodity prices (outside of all other risks) does not make this a growth stock. As for your consistent drone of EBITDA, it appears the market aren’t convinced and nor are major holders Majedie who are running for the exit on whatever minimal liquidity becomes available (the stock is stale). Prior to last year end where KMR posted their first year profit in a while can you tell me how many years prior they posted a net loss? What PE multiple can you apply to such abject failure? I will be surprised if, given all of the risks and uncertainties they don’t close out the year at another loss without total depletion of stock piles. Should PEEL and co come a knocking what price do we propose the raise will be? 175p, 150p?
wheniamfree
24/4/2019
10:16
...”how they propose to cover the $145m Capex on existing revenues”. Like I said guys, it’s pointless arguing with this mental giant!
donkey40
24/4/2019
09:33
Oh and to top it off MC and crew are still earning a crust at the helm despite their past performance of total shareholder destruction. That’s my reference to the 200-1 consolidation, rather pertinent since you keep forgetting to mention it when you state there are 109m in issue.
wheniamfree
24/4/2019
09:31
I’d also like to see how they propose to cover the $145m CAPEX on existing revenues. Their operating costs have increased, the grades are falling, they have traded flat the rally in the cyclical commodity market, their shipping numbers have taken a substantial knock, the region is rife with increased terrorism and their are a number of weather phenomena’s blowing the doors off. Sounds perfect.
wheniamfree
24/4/2019
09:24
Donkey, this board is to discuss KMR stop making it all about yourself. I have an interest, storms a brewing.
wheniamfree
24/4/2019
09:11
Remind everyone what relevance that has to the investment case in the present day. Since you are so focused on this for ‘my’ investment, then you should be glad you are getting a heads up on ‘your’ investment. Since it will have probably a Billion shares in issue before it turns a $ of revenue. Your continued efforts to disparage either KMR or me really say a lot about you mate. As always, when I read your usual sh1t, I am reminded about your efforts to report me to the FCA, Interpol and Office of the President when commenting on a company where I have been proven to be largely correct. I think best you go back and hibernate early this year. Better still, keep loading up your truck elsewhere - as you continually encourage others to do - and await the stellar returns you envisage!
donkey40
24/4/2019
09:06
Murray, I’m telling it as it is. Let us see why Peel have been put in place, answers on a post card but I’d suspect the begging bowl is out. Plenty of development costs to be found and as per the above extract; “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.” Head, sand, buried.
wheniamfree
24/4/2019
09:03
109m in issue multiplied by 200. I notice you forgot the wipeout consolidation.
wheniamfree
24/4/2019
09:00
With 109m shares in issue, EBITDA of $100+m forecast for 2019, a 2 year Capex of $145m ahead and gross debt of $65m and net cash positive, well I for one would welcome an equity issue to kill a decent chunk of the Capex. But I guess others with a more personal agenda would prefer to see things differently. With Kenneth approaching, and the aftermath of Idai, I would expect major lock down in place. If it hits, well the infrastructure is sure going to get a good old testing.
donkey40
24/4/2019
08:44
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.
donkey40
24/4/2019
08:41
The appointment of a joint broker indicates nothing about tapping the market. Company is paying off remaining debt and funding ongoing development from its own cash flow. You may have a beef with Donk's over TLOU but being a bare faced liar doesn't really help you any here.
murraybasin
24/4/2019
08:13
Murray, the wording is in the RNS. Their net cash flow is not enough to sustain development plans whatever way you look at it. They’ve been burnt once hence the destruction of shareholders and bailout placing wiping out nearly all LTHs. The divi is to entice income based funds and satisfy their criteria to introduce fresh blood and stimulate liquidity. Nothing more imho. The appointment of Peel this morning indicates a tap of the market is coming.
wheniamfree
24/4/2019
07:50
Michael is moderate, winds up to ~ 130kph. Idai (March) was intense, winds up to ~ 200kph. Landfall expected close to border with Tanzania, approximately 500km north of Kenmare's mine site at Moma. Two ships loading at Moma currently. ~ $100m EBITDA annually looks pretty sustainable for further development.
murraybasin
24/4/2019
07:05
I’m glad you picked up on my last comment donkey - I was about to point out the further likely imminent destruction. Probably not the best time to be passing the hat around.
wheniamfree
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.
donkey40
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.
wheniamfree
18/4/2019
11:09
You love each other really.
plat hunter
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.
donkey40
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.
wheniamfree
14/4/2019
23:31
I’d be inclined to agree with you - but I been calling it a Buy for over 2 years.
donkey40
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.
murraybasin
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