Kenmare Resources Share Discussion Threads

[sorksandnorks] 01/12/2014 12:27

I agree Ravenheart. This is now getting silly. The Moma mine is a huge resource and KMR has to be an attractive proposition to one of the majors who could pick it up for what they would see as small change. Also, surely Iluka must come back in at some point, they'd be mad not to do so although I doubt we will see the 15p or so that they were considering before.

Good luck to all still in - don't stop believing!

[ravenheart] 01/12/2014 11:05

Another new low. Now capitalised at less than £150m. Even with the poison pill of the circa GBP225m debt the Moma mine, with it's incredible resource, is becoming a more attractive proposition.

Still no one really buying though.............. How low will this go ?

If this operation was debt free even at current subdued market prices it would still be a attractive.

AIMHO

[malinkie] 27/11/2014 15:15

No I'm not, as I just read it from the buy/sells list. However if JP Morgan sold 8m, someone has bought them and someone has pushed the share price marginally up today.....

[donaferentes] 27/11/2014 14:59

1.2m buy? Are you sure. There's an RNS out today showing JP Morgan sold 8m yesterday.

[malinkie] 27/11/2014 10:06

Yes correct dona.
Bout time we got an update on whether theres any likelihood of progress with Iluka....

[donaferentes] 26/11/2014 18:12

Probably cojones as well!

[malinkie] 26/11/2014 15:33

1.2m buy this afternoon, he's got cahones!

[sorksandnorks] 26/11/2014 11:38

I see Kenmare has now corrected the current share price on its website. As of 11.12 it is given as 5.76 GBp, - a fall of 4.79% on the day. Perhaps someone at Kenmare does read this thread after all!

[sorksandnorks] 26/11/2014 11:18

I've just looked on the Kenmare website at where Kenmare gives its current share price. As of 11.01 on 26/11/14 (i.e. 17 minutes ago) it was showing as 7.44 GBp which they say is 22.98% up on the day.

According to every one else we are now at an all time low of 5.74 GBp.

No prizes for guessing who is correct! Is KMR operating in a parallel universe?

[sg31] 26/11/2014 11:10

Carville isn't stupid. He's greedy and selfish.

[malinkie] 26/11/2014 10:16

This is not dead yet!

17/10/2014 Following the announcement on 26 June 2014 that Kenmare had received a non-binding conditional proposal from Iluka, Kenmare and Iluka are engaged in discussions regarding a potential offer from Iluka. Discussions remain at an early stage; there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made.
Kenmare shareholders will be kept informed of relevant developments and further announcements will be made as appropriate.

Or else Carville is more stupid that previously thought.........

[amj321pixiebristol] 26/11/2014 09:46

We would all bite Iluka's hand off now for 16 p

[donaferentes] 21/11/2014 18:30

One of the key setbacks was buying shoddy second hand equipment on the cheap initially - it took years and millions to fix the issues resulting form it. The expansion was almost nearly better.

[bh61] 21/11/2014 17:45

Ok expand but keep within budget, the ill fated expansion was $200 mill over budget and 18 months late, dam poor project management by the inept overpaid management. This outfit may look remotely attractive with $200m less debt.

[sg31] 21/11/2014 17:00

That's not surprising, they will be getting something thrown in for free. It's the shareholders who will pay. Just look at the share price graph.

The BOD should maximise returns for investors not themselves or anyone else.

[malinkie] 21/11/2014 16:10

When they decided to expand, all the perceived knowledge in his industry was that there would be a shortage for 5-6 years. Little did all the experts realise that China was teetering on the edge of another construction boom cliff.
And so, in that respect they've been unlucky. But the expansion has made it more attractive to potential buyers.

[sg31] 21/11/2014 15:50

Of course it's cyclical. That means you pay down debt in the good times so that you can withstand the bad times.

KMR missed the good times because they couldn't reach nameplate capacity. They've been increasing debt at every opportunity. Now the bad times are here they have high debt and lower income. If they don't get taken over they are going to have to hope the banks don't pull the plug.

[donaferentes] 21/11/2014 14:15

bh61 - careful why you wish for!

[sg31] 21/11/2014 10:24

I doubt this will see 60p again in my lifetime.

[bh61] 21/11/2014 07:39

That's a terrible stutter you have scrawler, who can stand another 5 years of this rubbish ?, certainly Carville can on $2 mill a year, the man is a disgrace.

[gscrawler] 21/11/2014 03:02

it has been visiting this level almost every 5 years.
as soon as the cycle turns it'll rocket back up to the 60s unless it's taken over at 20p.

[gscrawler] 21/11/2014 03:02

it has been visiting this level almost every 5 years.
as soon as the cycle turns it'll rocket back up to the 60s unless it's taken over at 20p.