4342 days ago
I spent two years working along Sam Bottell as he worked with minesite and oilbarrel 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 him from TradingResearch Point…
As it happens I agree with his conclusion.
Like most mid cap mining stocks, Kenmare Resources (KMR) had a fairly rough 2012, its share price diving from 60p in the spring to 35p today. In part this is a cork on the wave effect: if a sector is thoroughly unloved as mining stocks were last year then it is hard to buck that trend. However, Kenmare was also hit by falling prices of the titanium it produces in Mozambique and by a continuation of its habit of scoring own goals. 2013 should see the start of a mammoth ramp up in output and cashflow generated and so is now a good time to back this Ireland based company?
