UK 07:03 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
In March I concluded cautiously on titanium minerals miner in Mozambique Kenmare Resources (KMR) as the shares soared to around 400p on a possible offer “proposal” including noting a likely material share price fall if a deal is not agreed. The shares most recently closed at 394p and what about them now currently back towards 300p on it announced that a deal has not been agreed?
Titanium minerals miner in Mozambique Kenmare Resources (KMR) has confirmed that it has received a possible offer proposal at a “most recent” 530p per share. It states that it was “unanimously rejected… on the basis that it undervalued Kenmare’s business and its prospects. However, in order to facilitate the consortium improving the financial terms of the proposal, the company has offered to provide the consortium with access to limited due diligence information”. What does this say from a most recent close 275p Kenmare share price, current around 400p share price and about the resources sector currently?
Fully listed titanium producer in Mozambique, Kenmare Resources (KMR), has announced a miss on its production guidance for the year with regard to the main product, ilmenite. Having previously offered up a target of 900-960 thousand tonnes, we are now told the actual figure could be as low as 870 thousand tonnes.
Hello, Share Chuckers. Recently, I've tried to find you shares which are pleasing the City with big increases in profits. This is a dramatic opposite to the many shares that my colleagues so usefully highlight which are making bigger losses than before.
Dual-listed in Ireland and on the LSE Kenmare Resources (KMR) has released what reads like a very positive trading update. Two questions spring to mind here: is it generating cash, and what about the debt position? But the company seems to have chosen to ignore completely its refinancing last year in reporting its finances.
Ireland- and London-listed Kenmare Resources (KMR) announced (after-hours, natch) on Friday that the open Offer element of its rescue refinancing package had met with just 7.45% support: hardly a ringing endorsement. Of course, since the Open Offer cash was headed straight into the hands of creditors rather than providing the business with much-needed working capital it was hardly an attractive proposition, not to mention the abject record of the board.
Ireland and London listed Kenmare (KMR) finally got around to releasing its 2015 annual report last week, in the wake of (yet another) proposed rescue refinancing. It strikes me that the company has been something of a disaster machine ever since it got its Moma titanium operation up and running in Mozambique.
