Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’m increasingly uncomfortable that the Q4 trading update has not been announced.
Wonder if something is going on? Should an RNS have been declared? Communication?
Time will tell!
Personally, I think we need something new or something tangible from Management to keep the SP moving.
There is a risk that we go through another webinar with more detail about the same business case which results in SP ending the month at c. 21p or the placing valuation (called this in mid-December).
However, I think the board can state their own business case and expectation, based on all the information they hold, which could support continued positive SP moves.
This is possible without any update on financing or front running new information that they need to see results from SLB or NSAI.
Total Assets were $1.24bn in Jun-23
3x todays share price is c. £950m
4x todays share price is c. £1.26bn
H1 delivered $110m EBITDA and there were issues.
At $250m annualised EBITDA the EV of still reflects a lower EV/EBITDA MUltiple that should be extremely attractive to larger global commodity players.
Similar, although above water.
I feel like the move needs to be substantially complete to Pilivili and the market prices need to rise on the back of recognised supply shortages.
Then KMR will be an extremely attractive M&A proposition.
IMO I think the board are failing to communicate and allowing time to pass without pushing the investment case for new institutional shareholders.
KMR are not convincing the market it is a strong company in vital commodity market. Recently institutional shareholders have sold down stakes and not been replaced by new II’s.
This is a failure of the board.
The assets are with 3-4x todays share price and it would be a crime to sell for less.
Still nothing on the website about Q4 trading update.
Very poor communication.
To be clear I am a massive supporter of this company but what the hell????
Millions of hard working immigrants pay taxes, drive the little growth in the UK.
If you made money, in the distant past and live an entitled life, fair play but don’t underestimate how much you still rely on the taxes of immigrants to afford the life you live.
Your comments are disgusting (“londonistan”).
Young hard working black men are not given chances in life because of people like you making comments like this.
If you can see what is wrong with these comments it simply shows that you have no sense of the reality you live in, millions died in world wars to give you freedom from blinkered views like this, it is not British 🇬🇧 it is not kind it is not respectful and you should be ashamed of yourself.
Go back to your hole and rot there alone.
I’m disgusted to know that someone claiming to be British can even write these comments
Sadly I now see KMR as a sitting duck for M&A and the material upside for shareholders in another larger Company.
I have been a supporter and fan of the board and Company for years (decades actually) but it is clear that the current structure doesn’t work and it’s time for KMR to be sold to a larger entity.
I don’t see much upside on today’s share price, I’d be delighted to get £4.60 but feel that may be a struggle.
No announcement for Q4 trading update on 12th January, this is extremely poor.
Could they be finalising the debt facility?
Could they be expecting an offer?
Why wait? I am really annoyed by the lack of communication and presentations about the continued profitability of the business blah blah, I just don’t see the ability to hold support from II’s or get respect for KMR under current structure.
Not sure if this is aimed at me BUT
No just trimmed my position, in leveraged futures. Hold level stocks all along. Unfortunately like others I think this will be at c. 21p for the AGM so expected this pull back will load up again at appropriate time however still hold plenty of stock , but try to time futures too.
Honest poster, yes only came to PANR 6-8 months ago but been straight. Seen this all before with KMR.L before big refinance which bagged me 4.4x and now pays 12% dividend
Good luck to all genuine holders looking to make a return.
There was a lot of trades yesterday selling 2 shares per trade, possibly trying to find a volume but it feels like a bizarre move.
The Company is trying to refinance its facilities and Q4 trading update should have been disclosed this week, typically 18th and announced a week before, so today but it’s not on the website.
Poor that no date announced and other than that there is just capex over next 3 years, which is planned to avoid downtime, so continuous production.
I checked Chinese prices and they have been rising for last 60 days in ilmenite and zircon so it doesn’t seem to be that.
However, I have seen random sell offs before and then announcement from II has sold. In my opinion it will be back above £4 very quickly plus a dividend to be paid.
Could be worse places for cash in 2024
I would advise you read the recent announcements and updates.
I will be buying this dip later today