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Guest Post: Sam Bottell on Kenmare Resources Trading Update

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- Tom Winnifrith

I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on Ireland’s Kenmare Resources. I happen to agree with his conclusion.

Fully listed Irish titanium minerals miner Kenmare Resources (KMR) has released a calendar 2012 trading statement which confirms some information (not all of it good) that had seeped into the market via company presentations earlier in January. However it also indicates that many of the problems encountered in 2012 have now been resolved, that no equity needs to be issued and gives real hope that, at last, the company is on a clear recovery and growth path.

In terms of the financials, Kenmare reports that 2012 revenues increased by 40% to $234.5 million as total, with total production from its Moma Titanium producing mine in Mozambique coming in at 772,000 tonnes

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