We have revised our Kenmare FY14 forecasts following a mine visit. Power dips due to overloading on the Mozambican grid, developments in mineral sands markets and the company’s ability to reschedule its debt coming due in FY15 are the most significant FY14 challenges. Management is likely to reach agreement with its lenders on debt rescheduling during Q114. However, power dip … Continue reading Research:Kenmare Resources – Forecast revisions following mine visit