By Staff Writer | Wednesday 28 August 2013
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.
Results from Kenmatre (KMR) out today are – as expected – dismal. But it is the cautious statement about ilmenite demand and prices that will really set alarm bells ringing given the dire state of the company’s balance sheet. The world’s top mining analyst Roger Bade of Whitman Howard warns that yet another cash call is needed.
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