UK 07:59 Saturday, 24 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?
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