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
  -2.50 -0.94% 263.50 260.00 267.00 268.00 259.00 259.00 6,870 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 205.6 44.0 36.1 7.4 289

Kenmare Resources Share Discussion Threads

Showing 24801 to 24822 of 24900 messages
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DateSubjectAuthorDiscuss
17/12/2019
18:19
It clearly is being covered by stock on hand per the RNS. They are still planning to ship over one million tonnes.
murraybasin
17/12/2019
16:06
Agree - why report a production guidance miss one week before end of the year? Seems like an oversight almost, and just picked up. 3% below bottom end of guidance - surely that can be covered by Stock on hand.
donkey40
17/12/2019
12:13
"Whilst total cash operating cost guidance remains unchanged (US$151-167 million), cash operating cost per tonne guidance is revised to US$160-165 per tonne from US$150-160 per tonne, due to reduced production volumes." So yes, from a pedantic point of view, costs are the same - but same costs to produce less = rise in costs!
spectoacc
17/12/2019
09:55
Negative on production, not costs. Costs are largely fixed so while the unit cost over lower production is higher, the costs are the costs. Then you have the sale of finished product stock over and above production. Q4 shipments are likely to be a new record if guidance is that FY shipping will be over 1m tonnes.
murraybasin
17/12/2019
09:53
I agree it's not too bad if pricing environment remains positive and they can ship from inventory. Hence modest share price reaction. But it's pretty poor to report a production miss so late in the year. Good luck to all LTHs.
petomi
17/12/2019
09:03
Negative on both production and costs, but then again - sufficiently cheap to probably not be well down for long. Titanium pricing also a positive.
spectoacc
12/12/2019
23:11
Pretty much the same thing. Tbh, I need to study the RNS and numbers in much greater detail and get a proper understanding of meaning and impact. But it did seem to me that one replaces the other, and they have capital repayment holiday for 2 years. 1 year to complete expansion plans and pay with debt drawdown; 1 year to generate FCF to bring drawdown back in line - ending up back in current position where debt level is not excessive (in my mind anyways).
donkey40
12/12/2019
18:58
Donks, when you mention rehabilitation costs, are you talking about the mine closure provision, or rolling rehabilitation which should already be part of the costs they account for? I believe there has always been a mine closure provision of some sort. What may be different here is that it needs to be guaranteed as a security on the debt refinancing. Coming from someone who knows FA about accounting as you know.
murraybasin
12/12/2019
07:40
Mind you, once Base are fully in the game with Toliara project, there will be stiff competition. They are claiming: Capes $520m; 814k tonnes ilmenite for first 26 years; Annual FCF $140m same period; NPV $652m over 33 year Mine life; Average revenue to cost ratio 3.15 times. Heady numbers !
donkey40
11/12/2019
19:17
Agree. Gives them band width on access to cash as and when. What might be interesting is the introduction of rehabilitation costs for the first time by the company. Iluka have/ had a pot purri of such legacy costs arising from their US operations; they have been strangely silent on same re their Aussie closures
donkey40
11/12/2019
17:37
Surprised these went down today on, what I thought, was reasonably good refinancing news!!!
albo
30/11/2019
17:03
I think anyone who follows the company can visit the web site. Have you anything to say regarding the content? https://www.youtube.com/watch?v=YsAVKiic-hI
murraybasin
30/11/2019
16:59
https://www.kenmareresources.com/download_file/force/701/182
libertine
30/11/2019
13:55
Oh ok then - so they been in country for near 20 years; spent $1.2 billion and here we are, today, for the probably first time ever, we get told about an EIA or EIS for a road (yes a road/ not a mine) and a few of the lads are getting twitchy about an Environmental Approval. FFS - how stupid are you donkeys !! The bigger issue or concern here is that the company feels that an Environmental Approval is sufficiently newsworthy - that suggests to me that there isn’t much in the tank to report for the next reasonable while .... KMR mgmt never ever ever previously discussed much about EIA or EIS - until now. Think it through please lads ....... (and when you do, it isn’t a great outcome - sadly).
donkey40
30/11/2019
13:33
They wouldn't have been refused. There's a symbiotic relationship between the company and gov.mz (1400+ MZ employees). Worst case would have been some conditions to have been met. Absolute worst case, plant could have been moved by sea.
murraybasin
30/11/2019
12:21
@murraybasin - how would they have been set had it been refused?
spectoacc
30/11/2019
12:15
I don't think they were in a panic to start the road yet. Getting WCP-C up and running is the current priority and next major milestone outside of regular reporting.
murraybasin
30/11/2019
11:44
@donkey40 - with the previous approval back in May, this 2nd and final one seems pretty key to me. They've been unable to progress the road beyond the existing mining permit area until they got it. Another 23km of road to construct. I've seen - as I'm sure you have - a great many RNS's of less import than that. To describe it as "..Totally taken for granted.." is a nonsense. A good many projects fail for lack of final approval.
spectoacc
30/11/2019
09:51
Amazing Statement - and your point is ... The joy of BBs is we get to read all these Corporate Affairs or IR constructed pieces of progress information to spin out usually at times when other relevant or good news is in short supply. So an Environmental Approval, whilst totally necessary to the natural progression of real world Operational, Administrative or Financial progress, really is one of those which must happen, is important, but is taken totally for granted by investors who by and large are desperately keen to see real meaningful progress rather than yet more boxes in the Long list of process steps being ticked off....
donkey40
29/11/2019
07:33
And an RNS: "Statement from Michael Carvill, Managing Director: "The road ESHIA is the second and final environmental approval required for the relocation of WCP B to Pilivili. We are on track to relocate WCP B in Q3 2020 and begin commissioning in Q4 2020. Pilivili is the highest grade ore zone in Kenmare's portfolio and from 2021 we expect to have increased production and become a first quartile margin producer." "
spectoacc
29/11/2019
01:26
Ok, I will let you off then
donkey40
28/11/2019
19:31
Who said anything about tax loss selling? This is not about B&B transactions; they happen at calendar year end. I'm talking about selling shares to pay a tax BILL (come due November) or potentially to put the funds into a pension to offset a tax BILL and at that stage they could put them back into KMR, for example, within a PRSA. When the filing date comes around, sometimes guys have to make choices.
murraybasin
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