In this article I'll have a closer look at Kenmare Resources (OTC:KMRPF) which is currently producing ilmenite and zircon from its Moma project in Mozambique. The company is in production, but the share price has been sliding down, and I will determine in this article whether or not a position in Kenmare Resources could be warranted as the capital expenditures should drop substantially, resulting in a higher free cash flow to pay down the debt.
Source: old company presentation
As trading in Kenmare on the US exchange is very limited, I'd strongly recommend to trade in its shares through the facilities of the London Stock Exchange where the company is trading with KMR as its ticker symbol....
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