KMR

Kenmare Resources PLC

Basic Resources First-pass screen £207m

240/1000 Overall fit

AI beneficiary 35% 5

Operating leverage 25% 40

Valuation 25% 30

Downside protection 15% 30

First-pass take

Pre-revenue titanium mining company (2007: $0 revenue, -$9.6M loss) with zero AI exposure, ramp-up execution risk, $270M net debt (1.7x D/E), and pure cyclical commodity exposure. Fails all four stockemon axes.

Flags

no-ai-exposurepre-revenuecyclical-commodityhigh-leveragesingle-assetcovenant-riskramp-up-riskstale-filing-2007