Kenmare Resources Share Price (KMR)

Looks like the BOD’s decision to invest in the RUPS sustainability project and the local community is attracting impact investors (J O Hambro) to buy a bigger stake. Very positive news and brings further light on KMR as an attractive acquisition target for larger plays looking to improve their CO2 footprint.

An update from Value Situations

KMR

Kenmare Resources Plc (KMR) held an analyst site visit at it’s Moma mine in northern Mozambique last Thursday & Friday, and published an accompanying presentation available here.

The main purpose of the visit was to allow analysts view KMR’s existing mining operations at Namalope and Pilivili, and to visit the Nataka ore zone, where KMR will commencing mining and production from in 2025.

The update presentation provides a very helpful recap of KMR’s operations but for me the key takeaways were management’s reiteration of previous FY22 guidance, noting that strong market conditions in terms of favourable supply/demand and pricing have continued into the YTD - KMR saw a sixth consecutive quarter of ilmenite price increases in Q1 2022, and management report that positive momentum has continued into Q2 2022, supported by continuing low global inventories and strong demand, particularly from Chinese pigment producers. This is both notable and encouraging in the context of recent events in China with regard to COVID lockdowns and consequent growth concerns.

KMR’s share price has pulled back ~19% from its high of €6.50 reached ~3 weeks ago, coinciding with an escalation of lockdown measures in Shanghai, so clearly this has driven KMR’s latest price action. However, looking beyond current news headlines KMR remains very attractively valued, trading at 2.7x NTM EBITDA / 3.4x FCF. At this level of valuation, it is an obvious takeover target in my opinion current in the current supply-constrained and inflationary environment.

Raised /by/ $103/t. I remember when KMR was creased it was selling for ~ $80/t. Scaling back in here after recent sell off.

Lomon Billions Group raises sales prices of titanium dioxide
2022-05-13 18:30:03 ?Print?
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Lomon Billions Group announced on May 12 that it increased the sales price of titanium dioxide by chlorination method by RMB700/t (USD103/t) and raised the sales prices of R-996, LR-108 and LR-972 titanium dioxide by sulfuric acid method by RMB500/t (USD74/t), on the basis of their original prices respectively, since May 12.

Unfortunately, most of the last 10 years seemed like a great buying opportunity, and I am still wondering when will be the great delivery. Still hoping that 2022 or 2023 will deliver a 700p share price.