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Liam
This is what concerns me, the timing.
" Not sure its a good thing announce right before results are due next week... "
Boy
gla
Not sure its a good thing announce right before results are due next week...
Https://www.rte.ie/news/business/2024/0315/1438060-kenmare-resources-md/#:~:text=Updated%20%2F%20Friday%2C%2015%20Mar%202024,step%20from%20the%20company's%20board.
He has been insitu since 1987. This might be the signal that the company is changing direction and might be up for sale soon.... hopefully
Just had a email update from Kenmare saying Michael Carvill is stepping down later in the year.
Is this a good thing or bad???
BOY
gla
Seems to have been completed. Not sure if this is positive or negative though.
Any thoughts as the sp hovers around 3.00.
Results due next week. Chill out until then
Who put 20p in your slot?
I’m asking for an opinion from a knowledgeable poster. I may or may not take it on board but I didn’t sell when buck did so I’m hardly a die hard follower.
Surely we are not heading back to the bad old days of abuse and libellous slurs for posting an opinion.
Have a drink 🥃 and chill
Heading back to the bad old days when no-one else on here could have an opinion unless you were either Cont or Greeno's ankles dangling out of BF's backside. For newer posters. 10 plus years ago if you ever dared to (rightly) criticise the BOD, BF would slaughter you. His support seems to have evaporated somewhat....
You make so many assumptions without actually answering the question. Why?
Fair enough and reasonable.
Any view on the Buy Out potential?
In my view it is a matter of time, and whilst it may not achieve full value it is highly likely to be sold as the BoD have been unable to realise value of the asset.
Bucklerfern, keen to get your take on KMR.
Been a while since you sold? Are you back in? Risks? Rewards? What is the story? Do you see any play here?
To which the desired response is :
I think I will and I guess others may do the same
ha ha
Have any of you regulars actually been to an AGM to meet the directors, I found it very useful?
I think I will and I guess others may do the same
Sadly, the BOD is only interested in taking their fees and bonuses. Vote against their remuneration at the AGM. That will wake them up!!
Hannam target price back to 610p. Kenmare is in play imho but timing is hard to call.
Anyone else feel like, as time passes, the BoD must be doing something since the calls for a strategic review.
Leaving it sitting out there with little or no response is poor form and feeds into the narrative.
I know other boards would ensure that some positive news would be found, such as product prices increasing earlier than expected or retaining majority shareholder support etc etc.
But to date the KMR board has ignored it publicly which is poor
Not unexpected and why I left BSE and came back to KMR
Their production will stop end of ~24 as they hopefully move to Madi
They report prices down but we know that
If one is candid about it, :)
Such a simplistic view is sadly easy to profess.
Ilukas transcript today was interesting… the view on demand and pricing was more positive than kenmare has described and they also believe conditions will improve during the year. An analyst asked the ceo essentially would he be interested in kenmare and he got the obvious response that they’re happy with their existing growth projects. It was mentioned however that current prices do not incentivise building and kenmare have $1.4 bn in the ground and more post the move.
Unfortunately Kenmare's guidance for primary zircon 45,000-50,000 tonnes and continues to decline year-on-year due to lower recoveries.
"Primary zircon production was 51,100 tonnes in 2023, a 13% decrease compared to 2022 (58,400 tonnes). This was the product of reduced HMC processed and lower recoveries."
Could this change however when the move is completed to Nataka? But by this time prices may have stabilised or declined from historic highs.
Iluka Resources released its full-year 2023 results with mineral sands revenue of A$1.24 billion and EBITDA of A$582 million, down 19% and 32%, respectively, compared to 2022. Zircon prices remain near historic highs, with the weighted average realised price for premium and standard zircon in 2023 up 6% year-on-year.
Was thinking the same…. Definitely not informed.
DYOR
I’d say upside more real than ever as Management unlikely to be able to block any sale via credible offer…..