Kenmare Resources Forum

Greedies, yes your rules make sense. I have far too often not cut losses and not let winners run. I hope I get slightly better as I get older. May Dad's share philosophy is never buy a share that does not pay a dividend and never sell! He has made a lot of money over the decades.

There is much dreaming about buy-out pricing on this board. Using past placings as a barometer is a total nonsense. Iluka's "bid" values kmr at $1.1b ($795m + debt absorption of $307m) Increase the price to 27p and the value rises to $1.6billion. With realised ilmenite pricing per ton forecasted to be flat at $196 (till 2017), it is simply impossible to justify valuations beyond this. Iluka is returning with a "firm offer" but this will be the absolute upper limit.

29/6 Sunday Independent: "Last week UBS said that it believed that the Iluka bid for Kenmare undervalued the resources company, suggesting that it is worth at least double the amount offered. The approach was described as "slightly opportunistic". -

Iluka seems a better company [for shareholders] than KMR has been.

35p would see me in profit. Not sure if it is a good idea to buy more.

Iluka seem to be a reasonable company.They actually pay a dividend !!

Although I about 3k down , I have my order in to buy a few more tomorrow.

Chart showing promising signs here

Ok have we hit the bottom? Is it safe to buy back in ??

have we hit bottom yet?