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https://de.marketscreener.com/kurs/aktie/KENMARE-RESOURCES-PLC-30340902/news/Kenmare-Resources-plc-kundigt-Anderungen-im-Vorstand-an-42563671/

Kenmare Resources plc announces changes to its Board of Directors ---------14.12.2022

Kenmare Resources announced that Sameer Oundhakar, a non-executive director of Kenmare, has informed the Company that he will retire from the Company's Board of Directors on December 31, 2022. Sameer was appointed Non-Executive Director of the Company on March 17, 2021 following his nomination by African Acquisition Sarl ("AAS"), Kenmare's largest investor and an Oman Investment Authority (OIA)-controlled company, pursuant to the Subscription and Relationship Agreement dated June 18, 2016 between the Company and AAS. Sameer has stepped down from his role at OIA and is therefore stepping down from the Board of Directors. A new Non-Executive Director is expected to be appointed to the Board in accordance with the terms of the Subscription and Relationship Agreement.

Not zero ALB.
Co has Cash, some assets on the ground and the explorations results; if the RoC wanted someone else to take over the license, that "else" would pay something for those assets.

Such guys (Directors appointed by Sovereign Funds) are NEDs in dozens of companies; either the guy has enough money now to follow his own path, or maybe he messed up (unlikely though, on a non-executive capacity) on one of the other Directorships; I see it as a positive because it was - on purpose IMO - by KP2's statement that financing is continuing and, for the first time, mention of "construction commencement";
Or, everything is going down the drain and the Board is just issuing falsehoods in their RNSs. Take your pick.

or BS by the Board, as ALB1 likes to say?
"We look forward to continuing this highly constructive relationship as we work towards finalising the financing of the Kola Potash Project and commencing construction"
This was also mentioned in y'day's RNS; yes, I am biased but why would they meet the Minister AND issue RNS about an "update" to financing (not the EPC), if things are on the brink and/or there is no visibility to EPC completion/financing?
DYOR, GLA

Paolo,
New investors put in 10 mln @2p. Now it's 1.7p.
Question you should ask is- if you buy today, will you be up or down in 6-12 months?
GJB messed up the liquidity, he had focused on growth at all costs, with no cash controls; now the Co is fully funded, and with bitter experience regarding cash controls.
At 30p and 60mln Mkt cap, your risk was much bigger than today at 1.7p and 12mln mkt cap (and Turnover is 2x higher, products more developed etc).
DYOR

ALB, "stirring" compared to recent weeks; as IIs hold the bulk of shares, if people are buying (smallish volumes) it could be someone with inside info; or, just someone with big risk appetite. We shall see.

Judging from volumes, it looks like something is stirring.

I have bought some more, I believe at this price level the downside is limited (temporarily) to 20-30% but the upside is at least 100% on a 12 month horizon. IMO

We don't know if the Chinese are playing any games (with or without RoC Minister); the only certainty is that things are coming to a head, probably sooner rather than later; End of January is the Chinese New Year so until mid-Feb things will be dead; therefore, it's quite likely that news should come in January; if not, we would wait until late Feb, or even March!

it means that we are probably facing a binary outcome, Dp59.
If we lose the license (still a chance) because of delays in the EPC's completion (say, by more than a few weeks), the SP could drop much further;
If the EPC / financing concludes, the SP could jump by at least 2-5 times (that's entirely my guess).

It's quite possible that RoC gave KP a final warning.

this gives KP2 a few more weeks of grace period, to conclude the EPC & financing.
So, January the earliest for conclusion.

Mkt cap 12mln, cash almost 6 mln.
Last year mkt cap reached a high about 60 mln, with cash about the same (after Placing);
For H1, admin costs almost 6 mln, assume that in H2 will be at least the same; If H2 sales are 12 mln and GM is 50% then cash will just about cover these.
With restructuring, annual exps may drop to 10mln (5mln for H1 2023, say); therefore, if H1 2023 Sales are eg 8ml and GM is 50%, then 1mln cash will be used from the 5-6mln currently available.
Hence, things should improve in H2 and cash flows will become positive IF Sales exceed 20 mln for 2023; I assume that by mid-January the trading update will give us an idea of the anticipated 2023 Sales.
Have a Happy Xmas everyone and a much better 2023!!!

the 500k at 0.72.

Alb, I was being sarcastic actually :))))
And if the risk is losing the license, why would a new buyer want in (as you suggest)?? And why sell the CO at rock-bottom price? The board comprises big boys that should find a way out of this impasse.
I agree that the silence is deafening, and we cannot stick our heads in the sand; maybe the Chinese are being greedy (just speculating here) but, time is running out and RoC is justifiably getting vexed.
It's quite logical that no RNS can be issued just because there is a lot of uncertainty and possibly sensitive negotiations going on but this doesn't make it easy for us LTH.
A Happy Xmas to all and may 2023 bring good RNSs!

Alb, you are absolutely right in everything, we'd all congratulate you.
And yes, I invest money I can afford to lose. 100% of it.

Alb,
You have been claiming that the BoD has been issuing fake RNss for the past 2 years, then you say that you don't know why there is a stand off (as per the article).
Who's BStting whom? You - us, or the BoD the whole world?

hahahahahaha...Nice one Alb!
So, dozens of people across 4 continents have nothing better to do than play charades...so insightful, congratulations!
what's their motive????

Does anyone have access (can contact) to Brad?
RoC is obviously not bluffing and is looking for a plan B; it seems that the Chinese are stonewalling (due to Covid or otherwise) so this is detrimental to KP2.
Brad will soon out of a job (what's his shareholding and share options?) if there is no progress in the next month or so.
The Co needs to get its act together and finalise the EPC.

I have a feeling that - whatever happens - it will happen soon; things are coming to a boil and the Co must be silent for a reason (good or bad, I have no idea).