Daily Ideas·Pitch·KMR.L·2024年8月19日

Kenmare Resources plc - $KMR.L

AlmostMongolian
YellowBrick

KMR.L: Titanium producer, 7% global supply, 100+ year mine life. 3x EV/FCF, high margins & dividends. Capex 2024-25 for growth. Cheap vs peers like Alphamin. Risks: Mozambique jurisdiction. Titanium deficit bullish. Management shareholder-friendly. Attractive despite location concerns.

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