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Kenmare prays for spring sunshine

By Robert Tyerman | Thursday 27 February 2014


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.


Michael Carvill, managing director of titanium minerals producer Kenmare Resources (KMR), is celebrating the company’s successful recent restructuring. It rescheduled a hefty chunk of the $342 million (£214 million) project debt for its key Moma mine on the coast of Mozambique. He is also hoping for good weather in March, April and May to revive demand for the paints which use Moma’s products. Can this lift Kenmare’s stock?



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