Kenmare Resources Share Discussion Threads

[spectoacc] 10/3/2020 06:47

The co have made advances since the 180p time tho, quite a bit of uncertainty been removed as to expansion. Covid-19 has the potential to hammer everyone tho.

[donkey40] 10/3/2020 00:29

Certainly no reason to rush to buy given current viral dynamics. So we have a week or so of non-stop increasing numbers of folks infected. Lies, damned lies and statistics - and then we move on to the next BBC drama series ....

[murraybasin] 09/3/2020 19:53

Just remember, 180p last year for no particular reason. We could have a ways to go. There were no signs of a virus at the half year in 2019 when we touched 180p. Little in evidence to make 180p support at the moment. Results in 10 days might provide light relief but likely to be short lived once this situation shows the US that self preservation isn't about F35s and what not. This is when a large population will start asking itself why its tax payers dollars are being wasted on misadventures in other parts of the world while they are all without any kind of reasonable healthcare.

[donkey40] 09/3/2020 14:32

YES IT IS !

[plat hunter] 09/3/2020 11:12

Hey guys...Attractive price again

[spectoacc] 02/3/2020 07:27

"Following the completion of our capital
expenditure programme, we expect to generate significantly stronger free
cash flow, which will enable us to provide higher returns to
shareholders." "

That's an excerpt - 2 out of 3 completed so far.

[donkey40] 16/2/2020 13:14

Moma site visit short video

[spectoacc] 31/1/2020 16:17

All the buyers away on the site visit :)

[murraybasin] 30/1/2020 19:44

Back in 2010 when ilmenite was $300/t they were awash with cash and not motivated to optimise despite the debt. The trials and tribulation of life lead to leaner everything. We are all experts at that now.

I think the strategic timing was wrong in terms of market (and major recession) but the line decisions probably were not terrible.

There's another issue. When big money is the deep doo doo it will look to pump something hard and get all of the patsies on board. That was commodities after 2008 (despite a dismal outlook for commodities generally).

[donkey40] 30/1/2020 19:29

I thought it was $1.5bn. I wonder how much of that was spent stupidly? In the sense of wrong decisions on plant and equipment, enabling the mine to be built etc.

[murraybasin] 30/1/2020 19:16

Yep; great interviews to come. Let's talk about the $1.3b invested and not mention the minor issue of near death in 2015.

[donkey40] 30/1/2020 18:57

It ties in with attendees at the Mining Indaba in Cape Town next week.

[murraybasin] 30/1/2020 08:31

They do it every year.

[spectoacc] 30/1/2020 08:23

2 day site visit, might give it another kick if not tomorrow, then after the weekend. Doubt they'd be doing it unless to demonstrate everything being positive.

[murraybasin] 28/1/2020 18:35

Remind me not to update my position numbers while market is open; have to do it again now.

[murraybasin] 28/1/2020 18:34

You might hit a range through to mid-March after which with WCP-C operational, dividend due and FY 2019 results, thinks may move on again.

We need to see what the pricing environment is like before deciding how much to like it.

[donkey40] 28/1/2020 17:41

Almost like a sustained seller is drip feeding into the market, to let it run up nicely. I would be prepared to wager there is a known seller and known buyer(s) and the market makers are doing a very fine job facilitating the transfer ....

Question is - how far do we run ... 325-350p would be the next range to trade for a decent while....

[spectoacc] 28/1/2020 15:38

Decent buys through 280p, been the strangest of rallies.

[spectoacc] 28/1/2020 11:28

Pretty minor, and even an share price d/g (tho still a perfectly reasonable 425p ;):

"1048 GMT - Kenmare should end the year producing much more ilmenite than it did in 2019, but that guidance remains sensible, says Peel Hunt. The brokerage says the company is producing at a run-rate that will push it to reach 1.2 million tons a year of ilmenite, up from 893,000 tons in 2019. "With the works going on in 2020 we feel conservative guidance from management is sensible," it says. Peel Hunt maintains a buy rating on the stock with a reduced target price of 425 pence, down from 450 pence"

[spectoacc] 27/1/2020 13:54

-172 FTSE, commods hit all over, KMR....more than holding its gains.