Kenmare Resources Share Discussion Threads

[donkey40] 14/12/2018 00:17

Jeez, yer man over there is having a craic....

“What don't you get about the confluence of factors around the global macro-economic and political scene? You remain focused on the SP? Shows conclusively you are way to stupid to be a successful investor. You are surrounded by people who are running rings around you tactically and financially, and you are way to stupid to even begin to comprehend it. F--king unbelievable. I even provided the answer months ago, but unfortunately reading comprehension is a prerequisite to moving forward. Seems this is something yourself, Skid1 and Nosirender (duh, major dolt) don't get.”

And the Peace chap is just posting for fun to see how big a bite yer man takes ...

[libertine] 07/12/2018 08:25

07 Dec Kenmare Resources PLC Berenberg Buy 199.25 - 370.00 Initiates/Starts

[donkey40] 06/12/2018 12:46

Agree - price opportunity like today doesn’t come along too often. Unless of course our bias is somehow blinding us. That said, I have asked myself this question over and over and am still answerless. Note I didn’t say Clueless.

[murraybasin] 05/12/2018 23:34

The curious kitty here is the almost 9% vote against. One wonders, is that a PI revolt against management's remuneration in the face of the 200p SP, or a lender revolt against management's dividend proposals given outstanding loans.

I suspect the vote is irrational, so PI. We know full well from the lender agreements that sweep and dividends are bound hand-in-hand so the lenders are not a natural objector to a dividend policy. If dividends are paid out, the lenders also get paid off more quickly under the sweep arrangements, something some of the morons over on LSE seem to have let escape them.

Also have to consider if the impact of the EGM on the balance sheet affected the valuation. One expects it should have been neutral but perhaps not everyone saw it that way. Deterioration of current value in favor of future distributions. Exceptional arbitrage if ever there was any.

The share price has been threading water with FTSE (@~7000) so is also in wait of a December 11 house vote. Looking more and more likely that Brexit is going back to the drawing board. Retraction of A50 and referendum increasingly getting air time. Anyone's guess as to whether that is seen as market positive or negative. For KMR, I would position for both, namely, hold fast but keep cash on hand in case the chance to increase your stranglehold presents itself. Big money is doing small money shareholders a very very rare favor in this case.

The SP, and even more recently, is far detached from the actual value and the prospects of the company. Very rarely an opportunity like this crops up. Not like an O&G multi-bagging bet, just something completely under the radar. If it becomes even more detached, only one thing to do ... every dollar in here is good for at least 50-100%, if not more. Not much like it elsewhere that are not a hit/miss gamble.

[donkey40] 05/12/2018 16:14

World’s shortest meeting I think. Motion carried; now apply to Court in early new year and to be in a position to announce a small stipend come 2019 interim results.

If you waited this long, best stay put. It really isn’t going down much further. I hope....

[murraybasin] 05/12/2018 00:08

Rumor has it that nobody is interested in dividends.

[donkey40] 04/12/2018 23:39

All set for an exciting EGM chaps. I don’t think so.

[donkey40] 27/11/2018 19:26

I agree Skid and Supa - sack the Board. All of them. Off with their heads and goolies. They are wasteful baffoons and not worthy.

I wonder if anyone added up the total volume traded recently ... And best in mind if price is being held down, the bulk of that is simple bed and breakfasting between market makers....

Fair point Contango - legal impediments fully removed post the EGM. Then again that didn’t stop the other lot jumping in early... And we never did establish where those shares came from. Some was Majedie but more than half was from elsewhere.

[murraybasin] 23/11/2018 07:43

What's been rightly pointed out over yonder is that the usual gaggle of fools who are talking KMR down (as the whole market coincidentally happens to drift down and already 10%+ off) haven't once in their existence ever told anyone where or how they /can/ actually make some money.

Looks nothing more than a hollow vendetta by a former group of disgruntled shareholders who can't get over their own prior idiocy. It's always someone else's fault, isn't it ... some folks just need to get a life and move on.

Still a little pressure coming out of Asia today. US will be open, but probably largely quiet. Overall things look to be calming. I imagine markets are starting to get over the whole SEAPACs issue and will soon figure it's all priced in. Doesn't really look like a 'trade war' as such, more of a proxy to beat China with over their territorial activities in the South China Sea.

Specifically on TIO2 and tariffs, USA is a net exporter of pigments. Imports < 200t, so tariffs unlikely to have any significant impact at the materials level. < 50t of that came from China in 2017. No impact in real terms. Ditto for TIO2 feedstock, next to none of it coming from China.

[donkey40] 23/11/2018 01:09

Lads lads lads, all very lively stuff earlier on LSE. Good banter !!

[donkey40] 21/11/2018 22:26

Sack the board; sack everybody. They are all hopeless and ridiculously overpaid!! When things don’t go the way you want or expect, it has to be somebody’s else’s fault (except your own). So sack them all; bring in people that know nothing of Moz relationships within Govt, or with customers, suppliers, etc. Just exit them all and start again, buy the new team 2-3 more years before they can be realistically held to account...

What makes me laugh most about the muppets calling to sack everyone - the real owners of 30%, 20%, 6% and a further 6% already decided they want Smooth Mickey and team to continue the renaissance.... Now there would be a reason why the clever people within the shareholder groups are ok with the existing team - what would that be I wonder ....

[donkey40] 19/11/2018 15:24

We might as well all say now Merry Xmas and all the hairy chest for 2019. Damned frustrating.

[donkey40] 16/11/2018 23:18

Anyone got any idea what all that above was about ?

[wacker101] 14/11/2018 00:12

I generally follow the graphs.

27/07/16 Share price 225p after re-organisation etc
22/09/16 Share price hit 366p before falling back to 241p (21/11/16) 2 month fall
20/01/17 Share price hit 344p before falling back to 270p (03/03/17) 2 month fall
21/03/17 Share price hit 320p before falling back to 239p (23/06/17) 3 month fall
27/09/17 Share price hit 345p before falling back to 205p (25/04/18) 9 month fall
17/05/18 Share price hit 251p before falling back to 212p (03/07/18) 2 month fall
03/09/18 Share price hit 253p before falling back to 211p (13/11/18) 2 month fall

History suggests we are at or around the lows but the only visible high going forward is back around the 250p by the end of January. The average rise after a fall is around 30% which would take us to 275p but the last 2 rises only hit 250p which is a 20% rise from the low.

I don't like using figures in isolation but factoring in the book price the share price should be:-

27/07/16 260p approx.
22/09/16 344p approx.
20/01/17 378p approx.
21/03/17 498p approx.
27/09/17 612p approx.
17/05/18 445p approx.
03/09/18 450p approx
13/11/18 421p approx.

How it gets to the approximate book price is a mystery. I think a catalyst is required. The future dividend may provide an uplift due to more interest in the stock from Income funds due to low book price and p/e ratio.

The only other mining share I could find with similar share statistics is Petropavlovsk PLC. Not sure of it's financial position though without researching further. Most other mining stocks are around their book price +/- 20% with the exception of Lonmin PLC.

[donkey40] 13/11/2018 23:55

NoSir - quit while you are ahead mate. You and Prace really are not scoring any points with the silly continued attacks. Those that know, know. Those that don’t, never will.

[donkey40] 13/11/2018 21:53

My own sense there has been ‘engineering&#8217; for the past 2 years.

[murraybasin] 13/11/2018 20:10

All said, and some curious MM/pool behaviour over the last few days. Almost like engineering.

[donkey40] 13/11/2018 19:22

Chaps, I could accept all the KMR bashing if the price decline/ inaction was solely specific to KMR only. The sector has been in the doldrums, so when sentiment in the sector returns, think through who is best set up or future proofed for our-performance.
Will Iluka or Base double relatively quickly? Will KMR ??
I know which one I think is the best bet....
For sure, this is taking a lot longer to get going than any of us who like the story imagined a couple years back. But just coz it is taking longer to play out doesn’t necessarily render void those reasons for jumping in back then.
Stay the course !

[murraybasin] 09/11/2018 18:03

The guy with the £210k still hasn't been filled. Completely irrational, almost no volume to speak of and nearly 150% upside from current price to broker targets.

[donkey40] 09/11/2018 16:55

Oh Lordy Lordy Lordy 211 pence. Why has it come to this.

[donkey40] 08/11/2018 15:40

When you know the big buyers are sitting on sidelines knowing they will get placed a chunk of shares at or around these levels as and when EIB are sufficiently sickened and ready to move on, then all you need do is sit quietly on the Bid and bottom fish. It’s going to be a very dull end to 2018, even allowing for some short term TZMI induced enthusiasm.

[murraybasin] 07/11/2018 21:52

Interesting market activity:

CHIX and BATS most of today were equal to the LSE bid and above the LSE ask, 3000 share lots, wanting to buy but not sell except at a pretty premium. Same 3000 lot bid was also on LSE.

For a time in the AM, CHIX and BATS bid was ahead of LSE bid. Someone was willing to pay more. No fill volume apparent.

100,000 share bid at 210p; "similar" punter has been around before. Picked up a sizeable trade the last time the stock bottomed. Looks like someone well informed, or perhaps, informing others. Curious to see if he sticks at 210p and waits/gets filled or moves up to ensure he captures the price before it runs away from him.

If -I- really wanted to get filled, I'd pay the delta.

[murraybasin] 31/10/2018 08:52

Expect two key themes at TZMI congress apart from the usual:

1. China market state, shutdowns and consolidation, chloride process growth.

2. Current temporary supply issues with and longer term supply deficits in high grade feed-stocks, and again, chloride process feed-stock.