Member Info for raxfactor

Blimey what's wrong with Mr Carvill, this is the most upbeat commentary I have ever heard from him all the time I have been invested here, no caveats, no we done okay but ...... Definitely needs to be cut and pasted

Statement from Michael Carvill, Managing Director:

“At the end of the first half we are on track to achieve our 2024 guidance on all stated metrics. Higher ore grades in H2 are expected to support stronger production and shipments are also expected to rise.

Demand for all of our products remains robust and ilmenite prices in H1 were above our expectations, bolstered by increasing global pigment production.

Kenmare ended the period with $58.5 million of cash, having paid $34.4 million in dividends and repaid all debt. The Company is well capitalised to fund the upgrade and transition of Wet Concentrator Plant A and to continue making shareholder returns.”

Wait until they are in a position to start mining, everything lined up, any selling by backers out of the way after the lock in period has passed, Adriatics time will come it is to good and asset not to.

Hi Nkotb,

I honestly don't why you post so regularly with your conspiracy theory, is to frighten existing holders to sell, if you truly believe it then the logical thing to do is sell at highest price that can be achieved and feel lucky that you avoided a wipeout.

However that hasn't happened this theory keeps getting reposted on a regular basis while all the while you keep holding your shares, while complaining, doesn't make sense to me.

If the wft was withdrawn this would fly, that's not going to happen, so the only way out is overseas acquisitions that is the only reason i am here, they have funds available if however it doesn't happen it's over, I will sell my shares and move on, but to keep doom mongering about possibly being taken private is spreading more fear to a bombed out share, a quick glance at the three year chart tells investors all they need to know.

From brokers note released yesterday

Kenmare Resources (“KMR”) will release its Q2’24 production update on 17 July 2024. KMR expects a seasonal uplift in Q2, but for output to remain H2-weighted as grades improve. We estimate heavy mineral concentrate (“HMC”) production in Q2 of 343kt (+8% QoQ), delivering final ilmenite output of 240kt (+17% QoQ). On 4 July KMR reported that the Wet Concentrator Plant A (“WCP A”) upgrade and transition from the Namalope to the Nataka ore zone remains on track for late 2025.

It looks like no surprises, not long to wait .

I take your point but what about the 75% of other shareholders are they just blindly accepting what Mercuria have in mind? the other ii fund managers watching their investment dwindling by the day and I knowing that these guys have one aim in mind, don't see it, they may be opportunistic but with our cash balance and worldwide opportunities there are several other possible outcomes,

If I was in your position and still with an average that is in profit I would take it and move on, okay it must annoying to have lost out on a significant profit from our highs but profit is a profit, it obviously doesn't sit well with you how things are playing out.

If this is what you truly believe I don't understand why you hang around, you have no proof just your opinion while kist has been hammered share price wise but that's okay, all north operators are being hit.

Another setback on top of the issues raised in the video they have issues with the ground which needs the supporting structures to be more frequently spaced combined with slow installation several times slower than the norm, plus you haven't reached the stoping areas yet, this doesn't take away from what can be mined but is slower and costing a lot more than they originally thought to get there, which why they keep doing raises after repeatedly saying we are fully funded.

Well I have watching from the sidelines waiting for a opportunity, this seems like it could be it, revised guidance, currently mining lower grade cu, still haven't managed to get Elix and the solar plant advanced significantly, although they have been at these projects so long they should know how to finish them off by year end, it will look bad on management if they have to fall back on excuses again if they fail to make significant progress.

Then we have the falling net cash position due of course to extra capital spend, on the plus side we have improving cu grades.

So on that bombshell I will take a small position and see how it goes after selling most of holding in Caml a few weeks back.

Yes it could, they could of drilled and explored to extend the mine life as it is three years or so then it's all over, obviously I hope that doesn't happen but that's what the market sees.

The management here has been exceptional which hasn't put a foot wrong with the building and commissioning of the mine, they have delivered on every front my only concern is mine life extend that and imo the sp would rocket on the reassurance that cash flow is going to continue into the future and support the development of their other projects.

I don't understand why they are pursuing growth in the lithium space the last eighteen months or so has shown this area is saturated with a crash in the price lithium commands, with more supply to come on line, they would imo better avoiding lithium and sticking to gold.

Buy and hold for what exactly? A declining share price look at the performance over the last five years, with no further growth coming and a cu mine which is starting to see end of life not that far away.

Very disappointed here that over the last couple of years they haven't managed to make that transformational acquisition that is sorely needed to move this forward.

Disappointing to see the share price retrace after what was yesterday a good update, I am not an advocate of buybacks in UK listed stocks they don't seem to have the effect of what it says on the tin, the share price from my experience doesn't rise which is usually the expectation.

Here though there is the advantage of more or less cancelling the effect of warrants with that being the major issue here I don't want to any more dilution via that route.

I would be happy if they did make an acquisition out of country wether that would effect the management or knowledge of working in an adjacent country only by actually doing it would we find out.

Hard cash is hard to come by, discarding it on buybacks which in truth hasn't achieved much.

Possibly due to a brokers note regarding Softcat with Bytes being tarred with same brush.

Oh come Bob you know they are saving up to buy Arrow after they have more production and reserves thus moving into another country to expand the grow the company then the river issues don't matter as much, we all like a good conspiracy theory.

Plus over recent years we have had the buy backs which have done absolutely nothing to halt share price decline, we have had poor management of the asset which fortunately is now in the process of being rectified.

In the companies I have been invested in and watched what plays out in others this is what happens in the real world, and unfortunately the boards usually advise to accept the offer yes it is corrupt and unless more than one bidder emerges this is what I expect if two bidders emerge then true value stands a better chance of being realised.

Look at our share price action why are we not back at over 530p as per two years ago there is no way if an offer came in today it would be 500p, my advice would be average down if you are under water significantly because otherwise you will lose out, do i like kenmare as a company yes I do, the asset is world class the divis should continue, however the share action over the years speaks for itself.

I think there is a good chance that there is more than one suitor about, that might be our saving grace otherwise I would expect a bid if one came to be about 30% above the six month average.

Generally we have a favourable outlook all that is currently being done should see the company in good shape and moving towards mining better grades, I haven't checked recently for new supply coming on line however the market for mineral sands over the coming years to 2030 is projected to grow.

No surprises there they are doing exactly what they said they would do, wait now for the court cases that will surely follow for companies to claim their costs for licenices which have now been revoked.

WEF policies off to a flyer, que buying gold and silver before the digital currency.

Why if solar from spring to late summer generates a surplus of electricity between say 10am and 4pm why are we not given reduced prices for usage between those hours.

Hi Sag,

A little bit tongue in cheek however Mr Carvill when asked about a takeover didn't rebuff it, he said if I was looking over the company I wouldn't do it now I would wait until after the WCP move before making a move.

Currently they getting the company to work at max efficiency which is what they should have done years ago, considering his retirement I feel we are going to be in tip top shape after all the investment interventions are completed and just like selling a house that has been renovated and newly decorated throughout we are going to be bought.