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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
  20.00 8.51% 255.00 250.00 252.00 249.00 236.00 240.00 235,825 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 8.0 280

Kenmare Resources Share Discussion Threads

Showing 24701 to 24724 of 25000 messages
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DateSubjectAuthorDiscuss
06/6/2019
19:25
Sadly for our hermit, I doubt he understands the detail.. Still 10 quid a share would be a-ok by me. I do find his historical perspective rather dull and tedious. Maybe he is Oirish.
donkey40
06/6/2019
18:56
"Dividend likely to be minimal based on the above so, what exactly is there to get excited about?" Sale of the company for about 10x EBITDA of $150m (and no debt) after the upgrades are done. Who saw that one coming ... Sort of helps make sense of 2mw and £22m market capitalisation, doesn't it ...
murraybasin
06/6/2019
18:53
Ah the hermit has popped out for a krap. Ok now we have his attention: At least KMR are spending on sustainable Capex, the stuff this is going to keep their over 100 years of resource continuing to produce those boring things like revenues and cash. Or did your appreciation of KMR only extend to thinking the initial Capex was a one time hit, and none would ever be required for evermore? I guess what you really don’t know is that the reserves statement of your pet project is now under the microscope. If you understand the numbers, you will realise they don’t (yet) have enough gas to run a 2mw (never bloody mind a 10mw) plant for 10 years, let alone 30 years per the RFP. Little wonder the share price is again getting hammered. But hey with gullible gumps like you always prepared to sing the praises, they can probably get away with anything. F, but you are so unbelievably stooopid. Cap-I offered. You are on your own.
donkey40
06/6/2019
14:01
$121m project costs. Nice, there goes your cash flow - all money lumped in going forward to cover CAPEX - still also expect a raise (if they can find anyone silly enough to sink more cash in here) Dividend likely to be minimal based on the above so, what exactly is there to get excited about? One to review in 18 months if the big boys can actually get out of this lobster pot.
wheniamfree
05/6/2019
20:18
Ah to be sure, the lads are all fallin out all that over there. BF is surely MC in drag; Skid works in refuse recycling; NoSir is out and out DUP and incapable of changing the record; Peace no longer cares but just pops by once in a while to lob the can of fizzy pop; Greeno and Contango have drifted as well due to realising (like everyone else) the best laid plans oh nice and men, aft gang aglee. Cap maintains his voice of reason, and must surely appear on the register as a mid-tier shareholder (given top tier have 85+% control). All that is missing is Kenmore - jeez I enjoyed his occasional words of wisdom ... Bring him back !
donkey40
05/6/2019
09:12
Your playing with numbers on lSE also ignores fact they could issue eg 20m shares to manage any debt concerns, if they felt minded to accelerate progress. Suspect that won’t happen whilst EIB on the books, as the lack of liquidity being used as the stick to get clear of them. As Long as ilmenite and feedstock needed, this one is positioned nicely. The only shame is we all seemed to call it 3 years too early - salutary lesson when a plc goes through debt restructure and massive refinancing.
donkey40
05/6/2019
08:10
John Meyer probably miffed at BlueJay firing share price Angel? "The Company has today given notice to share price Angel of its intention to terminate the broker relationship with Bluejay." https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/JAY/14092675.html Kenmare's mine is not in Madagascar. Can see now why they were fired ...
murraybasin
04/6/2019
20:46
SP Angel revise down future ilmenite pricing to US $148 per tonne ... We are concerned that the overall increase in global demand for new ilmenite concentrate may be insufficient over the next few years to absorb new production from Bluejay, Base Resources’ new Toliara project and Rio Tinto’s QMM mine in Madagascar as well as an increase in production at Kenmare’s Moma mine in Madagascar. Sentiment over investment in commodities and mining shares feels at a low in the current Trump trade war environment causing us to apply a more cautious 20% discount to the ilmenite price of $185/t in our model.
borromini1
04/6/2019
08:48
That's ok then.Good.
dogwalker
04/6/2019
08:25
Kenmare Resources plc (“Kenmare” or “the Company”) 4 June 2019 Results of DFS for Relocation of Wet Concentrator Plant B to Pilivili Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, is pleased to announce the results of the Definitive Feasibility Study (“DFS”) for the relocation of its Wet Concentrator Plant (“WCP”) B to the Pilivili ore zone at its Moma Titanium Minerals Mine (the “Mine” or “Moma”) in northern Mozambique. Overview • The project has been approved by the Board, following the completion of the DFS • The DFS confirms the technical and economic feasibility of relocating WCP B to Pilivili, following the completion of the existing mining path at Namalope in Q3 2020 • The move of WCP B is the last of three internal growth projects required to increase production to 1.2 million tonnes per annum (“Mtpa”) of ilmenite (plus co-products of zircon and rutile) • Pilivili is the highest grade ore zone in Moma’s portfolio and is expected to contribute an additional 130,000 tonnes per annum of heavy mineral concentrate (“HMC”) production • WCP B will be relocated by specialist contractors on a purpose-built road from Namalope to Pilivili • The key additional infrastructure required to commence production from Pilivili includes a HMC pumping system and power infrastructure, in addition to a 23 kilometre (“km”) purpose-built road • The total capital cost estimate for the relocation is US$106 million, including US$15 million contingency, which Kenmare expects to fund from its balance sheet and internally generated cash flow • Approval was received for the Environmental, Social and Health Impact Assessment (“ESHIA”) for Pilivili in May 2019 • The relocation and re-establishment of WCP B is expected to commence in Q3 2020 for a period of up to 12 weeks – the commissioning of WCP B at Pilivili is anticipated in Q4 2020 Statement from Michael Carvill, Managing Director: “The results of the DFS confirm our plans for relocating WCP B to Pilivili. Kenmare is on track to deliver a 20% increase in production at Moma on a sustainable basis from 2021 and the move of WCP B to Pilivili will be the final step in achieving this goal. Earlier this month we received the first of two environmental permits required for the relocation and we expect to receive the second in Q3 2019, with the construction of the purpose-built road commencing immediately thereafter. I look forward to providing further updates on our progress with this growth project during the coming 18 months.” To view Kenmare’s latest investor presentation, which includes the results of the DFS, please visit: https://www.kenmareresources.com/investors/reports-and-presentations An animation outlining the various stages of the move of WCP B from Namalope to Pilivili is available at: https://www.kenmareresources.com/media/video-library Context for relocation of WCP B Kenmare previously announced three development projects that together have the objective of increasing production to 1.2 Mtpa of ilmenite (plus co-products) on a sustainable basis from 2021. The first development project, the 20% capacity expansion of WCP B, was commissioned by the end of 2018, on time and at a cost of more than 25% below budget. The second development project, the construction of WCP C, is well underway, with commissioning scheduled for Q4 2019. The third project is the relocation of WCP B to Pilivili, which is planned to be completed by the end of 2020. This final project targets increased total production by accessing higher grade ore in the Pilivili ore zone. WCP B began mining the Namalope ore zone in 2013 and it is expected to complete the current mine path in Q3 2020. All ore zones within the Moma portfolio were considered for the relocation of WCP B but Pilivili was selected due to the favourable combination of higher grades, strong co-product credits and free flowing sand with low slimes, enabling ease of mining and processing. Additionally, Pilivili is located 23 km from Namalope and the existing Mineral Separation Plant (“MSP”), allowing for ease of HMC transportation by pipeline. The Pilivili ore zone has the highest grades within Moma’s portfolio, with Mineral Reserves of 220 million tonnes averaging 4.4% Total Heavy Mineral (“THM”). The life of mine average grade mined by WCP B at Pilivili is expected to be 4.6% THM and in the first four years of production the average grade mined is expected to be 5.3% THM. Due to these higher grades, production from Pilivili is expected to increase overall HMC production by an average of 130,000 tonnes per annum, contributing to a total of 1.2 Mtpa of ilmenite production (plus co-products) from 2021. Additionally, Pilivili’s Mineral Reserves have higher zircon and rutile co-product credits than Namalope (with 0.25% zircon and 0.08% rutile in ore), which are expected to contribute to lower cash operating costs per tonne of ilmenite. As a result of the relocation, Kenmare expects production from WCP B to be suspended for up to 12 weeks, from the completion of mining at Namalope to the start of commissioning at Pilivili. Additional mining areas have been identified for WCP B at Namalope to ensure that production is maintained, in the event of delays to the project execution schedule. Pilivili has a mine life of eight years, after which WCP B will mine its way to the adjacent ore zones of Mualadi and Nataka. Consequently, Kenmare believes that the relocation of WCP B from Namalope to Pilivili will be the only move of this kind that is necessary during WCP B’s economic life. The DFS was completed by Hatch Africa (Pty) Ltd, a specialist EPCM consulting firm with strong experience in mineral sands, and overseen by Kenmare’s project development team. It included an independent peer review process. Transportation of WCP B A number of different methods of relocating WCP B to Pilivili were considered, including disassembly/reassembly and alternate transportation options for the assembled plant by road and/or sea. Moving the assembled plant by road has the lowest risk profile, and accordingly Kenmare will appoint a specialist heavy lifting and transport contractor to relocate WCP B and its dredge by road. The contractor will use self-propelled modular transporters (“SPMTs”) to transport WCP B out of its mining pond at Namalope, along a purpose-built road, including a causeway estuary crossing into the new mining pond at Pilivili. This is the same method that was used to transport the recently completed WCP C dredge in the Netherlands. A video showing WCP C being transported on SPMTs and launched into water for the first time is available at: https://www.kenmareresources.com/media/video-library Capital and operating costs The total capital cost estimate for the relocation of WCP B to Pilivili is US$106 million, including US$15 million contingency. Kenmare intends to fund the total capital cost from its balance sheet and internally generated cash flow. The most significant infrastructure requirement for the relocation of WCP B is the construction of the purpose-built road for the transportation of WCP B and its dredge. The road will be 23 km in length and 66 metres wide, and construction is expected to take approximately eight months from Q3 2019. HMC produced at Pilivili will be transported to the MSP using a 16 km overland pipeline and positive displacement pumping system. Electrical power at Pilivili will be provided by a new 16 km 110 kV power line adjacent to the purpose-built road, supported by a static synchronous compensator to improve reliability. Additional annual operating costs of up to US$5 million are expected for the WCP B operation at Pilivili, primarily due to the increased cost of transporting HMC from Pilivili to the MSP. However these overall increased operating costs are expected to be more than off-set by the additional production due to the higher grades at Pilivili, which will lead to a decrease in operating costs. Kenmare is targeting cash operating costs per tonne of US$120-130 (in 2018 real terms) from 2021. Permitting Kenmare received approval of the ESHIA for Pilivili from the Ministry of Land, Environment and Rural Development in Mozambique in May 2019, in line with the project delivery timeline. The Company expects the ESHIA for the purpose-built road to be approved in Q3 2019.
joemon2
24/5/2019
08:43
More director buys. Good to see this. hxxps://www.sharesmagazine.co.uk/news/market/6434313/Director-Deals-Kenmare-Resources-PLC-KMR
joemon2
20/5/2019
08:43
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRS/14067322.html
sharpshare
18/5/2019
11:40
https://www.bloomberg.com/press-releases/2019-05-09/crystal-amber-fund-limited-monthly-net-asset-value Looks like their web site is not up to date.
murraybasin
18/5/2019
11:37
hxxps://www.crystalamber.com/about/majorholdings 01. Hurricane Energy plc ("Hurricane") 02. FairFX Group plc ("FairFX") 03. Northgate plc ("Northgate") 04. STV Group plc ("STV") 05. De La Rue plc 06. Board Intelligence Ltd (Unlisted) 07. GI Dynamics Inc ("GI Dynamics") 08. Sutton Harbour Holdings plc ("Sutton Harbour") 09. Cenkos Plc 10. Leaf Clean Energy Company ("Leaf")
murraybasin
18/5/2019
10:42
From Crystal Amber website: "Crystal Amber Fund Ltd (CRS) is an AIM-listed activist fund investing predominantly in small and mid-cap UK equities where it identifies opportunities to enhance long-term shareholder value through active engagement with companies. The Fund was founded in 2008, with Richard Bernstein as Investment Adviser. Over ten years it has grown its net assets to £213.8m (as at 31st December 2018)."
sharpshare
18/5/2019
10:36
Crystal Amber reported on 9 May 2019 that Kenmare Resources is in top ten holdings owning 1.4%
sharpshare
14/5/2019
12:52
Looks like someone has a draft ready to go ...
murraybasin
14/5/2019
11:52
Some machine readable HFT bots just got taken for a ride!
dangersimpson2
14/5/2019
11:50
weird. possible offer headline on a holding RNS Statement re Possible Offer [14-May-2019] Standard Form TR-1 Standard form for notification of major holdings
tonysss13
10/5/2019
01:47
As that clever BF dude says, we are along for the ride. We have always been along for the ride - and the ride looks like it is about to get a tad more interesting. But then again, it could just be some pre-AGM posturing and thereafter we all go back to sleep. But, one day ....
donkey40
09/5/2019
19:27
In other shocking news today, the price of Cabbage is up.
murraybasin
09/5/2019
13:58
Cholera epidemic worsening; Https://www.voanews.com/a/mozambique-scrambles-to-contain-cholera-outbreak-/4909605.html
wheniamfree
08/5/2019
11:41
Skid - I hope you read over here about KMR. Give your endless baloney a rest mate. This company isn’t being run for the likes of you, me, Bucklerfern, Peace or NoSir. Cap is calling it 100% spot on - he spots an obvious market pricing dislocation and he is buying into it regularly at bottom prices. His day will come; as will KMRs; as will Oman and M&G and all the big boys. You and your stupid point about PR is exactly that - stupid. They have 5 investors holding 85% and don’t need PR.
donkey40
07/5/2019
20:21
The price is the price. Check the volume. 3.5m shares traded, most off-book. That's likely to precede something. Equity raise? They still have close to $100m cash knocking about, and will do that annually going forward. Yeah, we need to raise money ...
murraybasin
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