Kenmare Resources Share Price (KMR)

I posted this on the wrong board.

I live in South Wales where we have more Brains pubs than Marston, so does anyone know if we can use the discount card for food in the Brains pubs when they open up for business?

They have back tracked to some degree on capex although I do agree that the latest electricity backup solution does seem compelling given we have to be able to produce and ship consistently.

Hopefully the recent price increases will more than compensate for the increased capex this year.

The current debt could be paid off from one year's free cash flow should the BOD choose, but they seem to think it is more efficient to carry some debt on the balance sheet. My view is that if the company turned to a net cash position, then in the next industry downturn, it could be a takeover suitor rather than takeover target. Just over a year ago we were promised three years of minimal capex. The BOD have already done a U-turn in 2021; let's hope they avoid capex in 2022 and 2023. That would make the dream more likely to materialise.

The current economic dynamics are clearly supportive of such a dream. However, my enthusiasm is held back by a little by the fact 1) we have a lot of debt to pay back following the latest expansion... 2) we have another huge capex project to look forward to in a few years which we have to fund.

I'm not sure it's going to leave enough cash as I would like to fund my retirement but I can but dream...