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Know what these jokers have been doing for the last 2 years (apart from collecting CHEAP SHARES) answers on a postcard!!!!...BAS-TURDS
Commenting on the results, Sanzhar Assaubayev, the CEO of Kemin, said: "Due to changing world demand and declining trends in the pricing of tungsten and molybdenum, the Company carried out a strategic review to ascertain the optimal approach to maximise returns from the development of its resources. This led to a delay in the previously anticipated timetable; however, we believe this approach will achieve better results in the long run. "With the CPR in the final draft stages and anticipated for release in Q3 2015 the Company aims to move forward with a definitive feasibility study for Drozhilovskoye. This will enable the Company to look at a range of funding options prior to the development of the production plant anticipated to be completed to its first stage in 2016." Say no more....
Hi, I was in here when GMA and bought in for £1k @ 4.94p..(19400 shares) I think im right in saying I would need a sp of around £25.77p to break even. Jeeeeeez, how much upside will I need to be in good profit. Cant see £50.00 anytime soon lol.
Lets hope your right. Only reason i am still here is because i am as stubborn as mule ,and refused to sell at a 90% loss!!..E-OR E-OR.....The fact that KEM has played this well and kept quiet for so long with not even a drop of news makes you think that the only reason for this is the facts speak for them selves.
Bought in here a few years back.!! Lost the will to live.lol!!! However something is happening and the upside is massive I expect big news soon to enable funding. !!! You investment could revisit you back but bigger!! ;-)) .
A Definitive Feasibility Study (DFS) is to commence immediately, targeting completion in 2Q 2014. The Drozhilovskoye and Smirnovskoye projects are on track to become substantial rare metal deposits in the next 24 months. For Drozhilovskoye, mining commencing in 2015 with first saleable product delivered in 2016; and for Smirnovskoye, mining commencing in 2016 and first saleable product delivered in 2017.
The two projects have robust estimated economics with a combined NPV of US$1.55 billion, applying a 9% discount rate adjusted for inflation. Capital expenditure is estimated at $267.4 million for both projects, based on the purchase of new equipment and $10 million contingency. Highly competitive capital and operating costs enable the Company to generate positive returns and free cash flow, with the break-even cost estimated at $10,000 per tonne for molybdenum and tungsten concentrates.
Fund raising required for these clowns, ehr sorry i meant to say crooks! so we might see further action soon! Anyone one else been sat here for nearly 2 years?!...Est resource Drozhilovskoye’s updated resource figure is 139.8 million tonnes of ore, including 262,890 tonnes of molybdenum and 64,300 of tungsten. Smirnovskoye’s updated resource figure is 170.5 million tonnes of ore, including 221,700 tonnes of molybdenum and 17,100 tonnes of tungsten.
Got a view on this share. Massive upside .??? Sensible answer on a post card please!!;-))
Their have found what we hope they have. Light the blue touch paper . They own all their prospect . I think. Its been so long since I first bought. Lol
i hold these shares somehow what do they do???
+45% Just look at tiny free float KEM, its only got 18 mill shares in free float wow NPV is $1.5 Billion vs tiny mkt cap
+45% leaky leaky
Cap 4.56M ...Share price 2.25! LSE hiding the truth again! I dont know who is more corrupt KEM management or the lying LSE.....The UK stock market is a desperate entity indeed, and one of the biggest scams in this god forsaken country!!!
I have to be - i have nearly 3k's worth of - worthless pieces of english paper invested in these CLOWNS!!
You are very funny
These crooks are either going bankrupt, or there will be a big rise soon as they will be needing more funds for the digging of their supposed $1.5b Molybdenum, Tungsten, copper Resource!! So i cant wait to see 1p BRING IT ON!!!!!!!!
For the last 5 years their revenue is recorded as £0....and in 2005 the share price was £60, making the MKT CAP £10B,489M, thats 10 Billion plus, but yet now have assets totaling less than 4k?????!!!!!!
Morgan
TAKE IT DOWN TO 1P!!! I STILL WONT SELL ANY!!!
at some of these sells! 23 shares @ 81p it costs me £9.95 for each trade!!!! Even better 4 shares @ 26p?? HA HA!
it is 4 times the average daily volume.
only 3 trades , each one .5 more paid.
up +8.00% !!!
one of the Assay's finest investments and I think it shows in the news flow, i.e. none xD at what SP would it be a buy to have to wait an eternity for something to materialize? Current capital outlays insurmountable - effectively killed this project.