Kenmare Resources Share Discussion Threads

[donkey40] 25/1/2020 21:20

We need to wait and see strength of the Friday pop. It did have the look and feel beforehand that some fizz was in the air. It is still cheap stock at 270p - in time we will see if EIB are twisting or sticking.

[murraybasin] 25/1/2020 21:11

Friday's volume doesn't support the move. Someone caught something.

[murraybasin] 25/1/2020 20:55

Only "events" before Friday's jump were Proactive's article on Thursday and the Share Talk piece on Friday. I'm not buying they were the catalyst given the wealth of information already in the wild. If anything, they were the cover.

Something else slipped somewhere; possibly some early insights into the H2 performance.

[murraybasin] 25/1/2020 12:49

Spam free link to Share Talk of Friday 24th January. About 15 seconds of 50 DMA starting at 05m30s:

hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-friday-24th-january-2019/

[albo] 25/1/2020 11:52

What does it say about KMR?

[caposoka] 24/1/2020 19:59

Thank you and glad for you too. I still hold over there – I sold some at a profit a long time ago, brought back in around the time of the 5.75p placing (it was cheaper to do in the market) and sitting on a paper loss on the ones I still hold. It does look enticing but problem is route to market and you would have the gov would have cleared the path by now if they wanted to and they haven’t…. They have progressed drilling etc etc but feels like they need to move on the main issue or slowly fizzle away or request more funds. I am holding in hope but not expectation. Apologies to all for going off BB subject. Let’s hope KMR moves on from here. Good weekend all.

[donkey40] 24/1/2020 19:24

Delighted to read your good news Cap. I think BF and I are in similar territory. Been a slog and hopefully more to go in the short term.

On my gassy friend, is now in the 3p range and I think a good entry level. Very much a puntt as plenty can still go wrong plus it won’t be a quick project they deliver. I plan to watch it next week and try get a feel for sentiment - and keep winding up the lse sheep who are now bickering amongst themselves. Is mindless childish entertainment.

[spectoacc] 24/1/2020 18:54

Seen nothing in MoneyWeek or the IC today. Wasn't really a TA thing until it'd already climbed, and even a few sellers (cough) didn't knock it back for long.

[dangersimpson2] 24/1/2020 16:41

Anyone found any news? 10% rise seems odd, on slightly increased volume but nothing really out of the ordinary.

Can't see any broker target changes:



and there is a proactive article yesterday:

proactiveinvestors.co.uk/companies/news/911354/kenmare-expects-margins-and-revenues-to-increase-dramatically-at-moma-following-major-investment-and-expansion-911354.html

But can't see that causing much interest as it doesn't contain any new info.

Just chartists trading the breakout?

[spectoacc] 24/1/2020 16:26

Could be a good Monday to come - surprised I'm the only one watching it today.

[spectoacc] 24/1/2020 10:31

Breakout! As those multi billionaire chartists would no doubt say.

[spectoacc] 24/1/2020 09:34

TA is monumental b*llocks but just can't help myself - a break through 260p could be very interesting..

[murraybasin] 22/1/2020 18:54

1.1m shares in the last month; close to 1%. Something seems to be tipping away quietly at the float slowly enough to avoid it bidding up. Next RNS we see should be confirmation that the new operation is in production (with the exception of perhaps TR-1s).

How did Premier Miton get to 7.5% without posting a TR-1 for a lower threshold? Did they pick up 8.2m shares from someone else; should have been reports for 3% and per 1% thereafter.

[donkey40] 21/1/2020 00:39

I like that share price nudging again to test and hopefully breach 240p level. If that holds, I see a run to 270p range.

[donkey40] 16/1/2020 21:15

Agree with you both. They have done an absolutely wonderful job of managing events and finances and (maybe a little less so) expectations.

I also think EIB sticking around provides a lot of camouflage for management re dealing with Oman and M&G. If Smooth Mikey wanted EIB gone, I reckon he would find buyers. But if they stick around through execution of the Capex projects, that takes pressure of generating the numbers to out-perform and drive up the price.

[murraybasin] 16/1/2020 19:42

And without getting too far ahead, our twelve month price targets from 380p to 480p are likely to be revised up for the subsequent 12 months during the current 12 month period. NP is going to take a leap in 2021.

[caposoka] 16/1/2020 19:17

Donkey - agree with all. Understand the jam tomorrow frustration but when posters only complain about that and BOD salaries with nothing of value to add it can be a little tedious. They should either get over it or get out. It is quite something that the share price has not moved beyond the OO price after all the progress and accumulated profits that have been made since Aug 2016. They must have known what was required so yeah, the selling job was really quite something. That said, the improved performance has let them spread their wings further. At the time of the OO they were discussing a USD 100M expansion of the dredging fleet which people baulked at. Yet, it has since been three projects of 15M, 45M and 106M and now the MSP upgrade for a further 15M (totalling 180M), a dividend and rejigged finances. I just wish they were clearer in their updates. Often what is not said is more important in their updates. As per the posts on the other side, they reported end of year cash, next year’s capex amount but did not explicitly explain (to the standard PI at least) that a decent chunk of 2019 capex had been kicked over to 2020 with all it implies to the end of year cash position and that the MSP was an additional capex project. A little misleading to the casual eye. Yes, 2020 is a year full of risk to be got through but the promise of getting to the other side and the cash generation that will come must surely be recognised at some point and hopefully quite some time in advance of 2021. Ilmenite looks set, Zircon may recover with improved GDP so there may be some positives to come. Having waited this long, difficult not to see it through.

[murraybasin] 16/1/2020 18:55

You might have noticed volume beginning to uptick over the last month or so. There is still the little matter of the unwanted shareholder to deal with. One would hope that might advance things. That in turn might be hurried along by the recent debt arrangements.

I'm not sure we want to be in the smelter business, adding capital intensity, when we already supply chloride route ilmenite. If we were, the logical place to have it would be co-located, so we wouldn't have to ship 2.2t of something somewhere in order to product 1t of something else, and then ship again.

While capital intensive, it would >2x the margins. Should not be given any consideration until there is plenty of money in the bank. Would prefer to see the company sold before that.

[donkey40] 16/1/2020 17:23

Cap - what more do we want?

For you, Buck, Contango and me to get rich(er) from following KMR. We been here a loooong time and we are still in and around the FP/OO price. Man things must have been way worse then than most of us realised or appreciated. But I’ll bet you KMR mgmt knew all the projects that are being done now, needed then to be done somehow.
How they got Oman and M&G (this was a real miracle - after their wipe out) to front up $175m really is the stuff of legends! I wonder if they knew the full extent of the bandaid that would be needed to get to here and now (after Pilivi relocation).

So if power is improved. If the Plant & Equipment is all working better with faster processing and good recoveries. If the barges are ferrying our finished goods full throttle to awaiting ships. Is the next project to find a way to load ships more quickly?

Or is the next project to build a first smelter .... in ..... Oman perhaps?! That way, KMR take 250/- tonnes per annum ilmenite of the world market in one stroke... I can see a business case for this being pretty darned easy to pull together and get financed !!

Some of the lads on LSE are pretty spot on you know, with voicing their frustration about always jam tomorrow. It has been that way for a good few years now... 2020 has very little chance to surprise on the upside; far more likely to hit problems - which they will conveniently excuse away as the last of the projects to future-proof the company for next 5-10 years. But it is more time wasted for us small shareholders waiting and wondering when the share price reflects a more normal cash flow based fair value.

At the moment, we are maybe 50% below cash flow based fair value imo. And I am very bored waiting for the market to prove me correct :)

[murraybasin] 12/1/2020 17:40

Protected tweets; better off posting the link direct to source.

[onceatrader] 12/1/2020 15:38

papers’ share tipsters picked for 2020

[caposoka] 12/1/2020 14:44

I agree. Found it hilarious. Was waiting for the explosion of rage that never quite came, but looked close for a moment or two.

[murraybasin] 12/1/2020 09:51

Wasn't bad apart from the mention of 'costs' rather than 'price' at the end, but we all knew what was meant anyway. Would have helped if someone told the interviewer how to pronounce the company name before hand.

[donkey40] 11/1/2020 21:53

Mike had to work hard during that interview. She was clueless about the company.