Kenmare investor calls for strategic review after share price plummets

JO Hambro, which owns just over 6 per cent of issued shares, said it wrote to the board after a disappointing pre-Christmas update

Kenmare Resources’ share price plummeted at the end of 2023, dropping from €4.50 per share in November to a nadir of €3.40 per share. Picture: Geoff Brown

Shares in Kenmare Resources rose slightly on Thursday as investors were optimistic about corporate activity after a top shareholder called for a strategic review.

The Irish mining company was trading up 2.2 per cent at €3.74 after JO Hambro, a London-based fund manager that holds 6 per cent of shares, said it had engaged with the company after a disappointing pre-Christmas announcement.

In the December update Kenmare said it anticipated lower production at the Moma ...