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.
Kenmare Resources (KMR) is a company that I have followed for ages. The company has from nothing managed to build a world class ilmenite mine at Mona in Mozambique. This was a penny stock. It is now , at 33p capitalised at £868 million and a member of the FTSE 250 Index. It has just released results for the year to 31st December 2012 which – following trading statements (the nice way of referring to profits warnings) were in line with guidance. But, there is always a but with Kenmare.
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