Kenmare - Move underway

Davy Research
/Read Important Disclosures

The news that the move of a major operating unit in Kenmare’s Moma mine in Mozambique is underway is good news for shareholders. It begins the final process of de-risking the event and also demonstrates that the group can complete a complicated logistical exercise in a COVID-hit world. Current valuation metrics point to a share price value twice the current level. A successful move will facilitate value recognition.