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Kenmare Resources Share Chat (KMR)

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Today 18:26Price: 203.75
BeingTheBanker2,926 posts
RE: Moving up...

haha yh every little helps :)
Strong Buy
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Today 13:49Price: 205.00
skid1469 posts
RE: Moving up...

Great!
Arabs must be over the moon since they bought in for around 2.50 if my memory serves me right!

Break out the Champers - over 2 bloody quid!
No Opinion
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Today 11:29Price: 205.00
JohnnyB.Goode4,180 posts
RE: Moving up...

Back over 2 now people.
No Opinion
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Mon 22:31Price: 196.50
BeingTheBanker2,926 posts
RE: serious or at the wind up

yes it was absolutely the wrong time to expand and it took the company to the brink. I remember begrudgingly selling out for a big loss at 27p. It was my first major lesson in investing and an important one at that. That was a time to sell because the structure of the business was fundamentally wrong.

Now I think we have the exact reverse of that and we're where the BoD would have liked to have taken us to then albeit with loads of dilution and consolidation behind us. Nonetheless if like me you're fortunate enough to be entering this at these prices, the investment case is strong. With net debt gone, a huge cash reserve, a 100 year mine and dividends in the pipeline KMR looks set to finally have its time in the limelight.

IC are extremely positive on KMR as are many other brokers and share analysts.
Strong Buy
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Mon 20:55Price: 196.50
bucklerfern4,746 posts
RE: New plant to start in 2019

My preference has been to use the 50-52% product prices since my own feeling is they are closer aligned with our product. Spot on Ruidow for various 50-52% ranges from CNY 1400 (USD 207) to CNY 1565 (USD 231) CIF (one outlier at 1700 CNY).

It's interesting that William Clarke chose to lead with the HMS grade headline (despite other progress and positives) and used the 47-49% reference price without directly connecting it to KMR. Agenda? This is probably where Jager could add some color.

Aside from that keep in mind that while production has been guided conservatively down, December was a record 1m tonnes production for ilmenite. Any production decrease in 2019 is likely to be supplemented by replenished finished product stocks. Subject to market demand, sales volumes should be maintained.

Cameron Perks is currently working up some 'scenarios' for feed-stock for 2019. Be interested to see how much of that turns out to be what-if versus concrete forecasting.

The 'meaningful vote' preamble is due to start 1900h GMT tomorrow. Market open on Wednesday is sure to be interesting across the board.
No Opinion
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Mon 19:22Price: 196.50
nosirender317 posts
serious or at the wind up

Cap - I always read and respect your postings. I've read and re read your scribe but I'm struggling to translate it. I'm showing my ignorance here but what is LTHs in the context of KMR ?? Also Peace has no forethought. He only has Aft thought.

Is it keep the faith or hope that at some point you recoup your losses. I have never denied that as far as I am concerned it's(hopefully) the later...
No Opinion
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Mon 16:55Price: 196.50
Caposoka831 posts
RE: serious or at the wind up

Nosir, interesting thought and rhetorical but think you're on the wrong track with that one.

Many of us, myself included, thought they could. This is how LTHs ended up in this mess and KMR lost credibility. Some, such as Peace, had more forethought than others and prediced '5p' only to be surprised himself when it reached '0.3p'. Interest at 45M, p.a. for a company losing money at operational level and ILU's arrogant approach said it all at the time. Secret here was to keep the faith in those darkest hours which is why I continue to appreciate the input of BF, Greeno, Mr K and others who held their nerve.
No Opinion
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Mon 16:40Price: 196.50
nosirender317 posts
RE: serious or at the wind up

C*nt starts a post with the words 'Some decent discussion for a change.' The man who had the SP going through the roof a couple of years ago. BTW C*nt, you gave me a hard time then for questioning your (as proved wrong) logic so I won't let that one drop.

Believe me, as long as MC etc are at the helm KMR will go nowhere. The market has zero confidence in them due to poor strategic decisions in the past. Such a pity as KMR has so much potential.

A daft thought that I had the other day, now that the free cash is beginning to flow.

Was 'selling it's soul and giving away the Company' and diluting the SP a few years ago yet another poor Board decision ? Could KMR have traded itself out of the brink that MC etc put KMR into due to trying to expand at the wrong time?

Base managed to trade themselves out of it. Could KMR?

Rhetorical question (and accepting that we don't know how close the Banks were to pulling the plug completely) could KMR have fought and won it's own battles?

The wonders of hindsight or people at the helm making the wrong decisions at the wrong time.

You decide.........
No Opinion
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Mon 16:29Price: 205.00
Caposoka831 posts
RE: New plant to start in 2019

So, using mid range guidance, IL to fall 3%, Zr flat, Rutile up 6% for Y2019. With like for like WASP, revenue could fall by order of less than 5M. This will be more than offset by higher WASP as '19 starts at a higher level than '18 and KMR reporting +ve outlook, plus 5M odd from new monazite sales. Not mega growth but simply more of the same.

Will do fine for me. (Stripping out stock movements in year (flat) and offsetting sustaining capex with depreciation) '18 yielded increase in net cash balance of approx 50M (USD) and investment capex of 30M. With a MC of only 285M, surely confidence will increase with commencement of 4-5% dividend.
No Opinion
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Mon 11:12Price: 200.00
skid1469 posts
RE: New plant to start in 2019

Don't know if this has been posted last week as I was travelling.

Kenmare expects grade depletion to affect the company's ilmenite production capabilities in 2019.
Mineral-sand miner Kenmare has forecast its mineral sand production to "moderate slightly" in 2019 due to ore depletion at its site in Mozambique.
Since mineral sand production is constrained by the concentration of valuable minerals in mined ore, a move to less richly mineralized parts of a deposit can result in reduced production.
Kenmare forecast ilmenite production at its Moma site in Mozambique at 900,000-960,000 tonnes in 2019, down from output of 958,000 tonnes in 2018.
But the company forecast a stronger performance in zircon and rutile production. It estimated zircon production at 44,500-52,000 tonnes in 2019, up from 48,400 tonnes in 2018.
Its rutile production will rise to 8,100-9,500 tonnes in 2019 from 8,200 tonnes in 2018, it also forecast.
Kenmare has positive expectations on pricing this year due to feedstock shortages despite predictions that the titanium-dioxide market will soften in the second half of 2019 because of restricted production and exports from India and Vietnam.
A shortage of high-grade TiO2 feedstock will support demand for chloride ilmenite and ilmenite for use in upgrading plants, Kenmare said.
Fastmarkets IM on January 10 assessed the price of Ilmenite concentrate, 47-49% TiO2, CIF China, at $164-180 per tonne, unchanged week on week.
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