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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| London Mining | LOND | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 4.70 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.70 | 4.70 |
| Top Posts |
|---|
Posted at 22/10/2014 19:35 by paul the octopus here you go, the rest of the puzzelhttp://www.pro |
Posted at 21/10/2014 21:00 by sweepie2 AMI heading towards a huge day tomorrowLooks like funding has been secured IF this article is correct, price could zoom tomorrow and with Ebola vaccine on the way in the next three months who would argue with £2 sometime in the next few months. These are the Australian investors, they have also suspended share dealing pending an announcement if it is the LOND assets then an announcement must be close, expecting a big day tomorrow Taken from the Australian link - mentions London mining... Cape Lambert close to iron deal TONY Sage’s Cape Lambert Resources is believed to be closing in on a deal that will see it pick up an iron royalty in West Africa. Cape Lambert, the main listed venture of entrepreneur and Perth Glory owner Mr Sage, went into a trading halt yesterday pending an announcement regarding a “new investment opportunity”. It is understood Cape Lambert will announce it will contribute around $US20 million ($22.7m) into a financing package that will be funnelled into a distressed bulk commodities asset in Africa. In return, it will pick up a royalty on future production that could start generating money for Cape Lambert before the year is out. The obvious candidate for the package would be London Mining, which collapsed into administration this week just days after it announced that its efforts to secure a rescue package were unlikely to leave any value for existing investors. London owns the Marampa iron ore mine in Sierra Leone, which has sufficient reserves to support a 40-year mine life but which has been hit hard by both falling iron ore prices and the fallout from the Ebola virus |
Posted at 19/10/2014 08:56 by sweepie2 From LSE BBAMI will not be sold cheaply as Frank Timis has spent years developing this investment. The value of the business hasn't changed ..... Just the share price He will hold out for bids in excess of £2-£3 minimum as he is in no rush. This means he is not out to strengthen LOND unless he owns it, that's the only deal he is interested in unless it becomes a strategic alliance that benefits his investment. A lot of people are writing on here looking at value against the current share price price ........ It's about the value of the business which isn't anywhere close to the current share price price. So LOND cannot be profitable without AMI or Frank ....... This is all about the railway holding all the trump cards and means Frank has the ability to control the value of LOND millsm - Today 09:11Recommend 2 | Report This all goes back to 2004 when the original proposal for investment included both Marampha and Tonkolili. Then it was a case of upgrading the railway, an extension spur to Tonk, sorting out Pepel (got some nice pic's) the dredge to clear the route from the loading point. Once the cat was out of the bag (business plans are not confidential once on the ministers desk) there was a scramble by AMI to get in on the action. This was before LOND knew anything about SL. We (original investors) paid for the licence (several of those were of dubious) hence the dispute on "boundaries" later. The original investors, trust me these were a few..got stiffed and the licence went walk about only to appear on LOND desk. LOND ran with the proposal despite protests. Frank, bless him had a bigger stick and advance notice of the proposal and pushed for the exclusive on Pepel and the rail link. This went to Parliment where it was decided that duel use was in order. Once this happened LOND was done for, missing both Tonk mine (by far the largest deposits) and exclusivity on the rail they were always destined to fail. They did not want to do a deal with Frank as he could dictate the terms of the rail usage (hence gun to head). The disaster on the road / barge option I think encouraged Chris to step sideways....(sure other factors were involved mind you ...$40M). Anyway, just some background...offers are in...several...shoul The Indians are really only a source of cash, plus a ore buyer...Frank is an operator and knows how to pull strings! Really hope things work out for all PI's and the SL workers....nobody is gonna let this fall over. You maybe suprised at some new names appearing in the mix over the next week. Sorry sweepie2 should have mentioned a bit more on the LOND chat....good luck and I think you are right SLNomad - Today 09:44Recommend | ReportGo to Thread (2) Reply |
Posted at 10/10/2014 14:46 by h2owater RNS Number : 0438ULondon Mining Plc 10 October 2014 London Mining Plc Quoted on London AIM (LOND) ("London Mining" or the "Company") 10 October 2014 strategic process update London Mining Plc (the "Company") announces that the only strategic investors now remaining in the process are those whose proposals are not expected to contemplate the continuation of London Mining Plc, the listed legal entity, as a going concern. As previously announced, discussions were ongoing with potential strategic investors about structures which the Board believed would result in little or no value in the equity of the Company but the discussions with the investor which might have resulted in little value in the equity have ended. As a consequence the Directors have requested the immediate suspension of the trading on AIM of the ordinary shares and trading on Channel Islands Securities Exchange of the convertible bonds. It is anticipated that further funding in to the Sierra Leone operation and potentially other development assets would be provided by a strategic investor if the discussions are successful. |
Posted at 10/10/2014 13:53 by tonysss13 SOS100this is the RNS people should be taking notice of, well done to those who have had a multibagger in a few days but they were and some still are, gambling with 100% of their investment DJ London Mining Plc FINANCING UPDATE RNS Number : 7117T London Mining Plc 08 October 2014 London Mining Plc Quoted on London AIM (LOND) ("London Mining" or the "Company") 8 October 2014 FINANCING UPDATE Further to the announcement made on 29 September 2014, detailed discussions are ongoing with potential strategic investors, London Mining Plc (the "Company") and the Company's bank lender group. Under the structures currently proposed, the Board believes that there will be little or no value remaining in the equity of the Company and the other listed securities of the Group. While the lenders of the Company remain supportive of the process, they are not expected to provide any further short term funding which would be provided by a strategic investor if the discussions are successful. There can be no certainty at this time on the likelihood or timing of such an investment. With the iron ore price at its lowest level since 2009, the Marampa operations have been put under considerable financial strain. In addition, the outbreak of Ebola in Sierra Leone has introduced significant challenges both to the strategic investor process that the Company began in May, and to the ongoing operational performance of the business, where our team in Sierra Leone continue to show exemplary commitment in such adverse circumstances. The capital that is needed from such an investor is significant and the proposals currently contemplate funding of the life of mine expansion and a cash injection into Marampa to allow the mine to continue operating. For more information please contact: London Mining Plc Graeme Hossie, Chief Executive Officer Benjamin Lee, Chief Financial Officer Thomas Credland, Head of Investor Relations +44 (0)20 7408 7500 Liberum Capital (Nominated Adviser/Broker) Richard Crawley / Tom Fyson +44 (0)20 3100 2000 J.P. Morgan Cazenove (Broker) Ben Davies / Ignacio Borrell +44 (0)20 7742 4000 Buchanan Bobby Morse / Louise Mason +44 (0)20 7466 5000 About London Mining London Mining is an expanding producer of high specification iron ore concentrate for the global steel industry and is focused on identifying, developing and operating sustainable mines. The Company is on track to produce c.5Mwmt in 2014, from its 100% owned Marampa Mine in Sierra Leone, increasing to 6.5Mwmt/a following the next phase of expansion. Marampa has resources of c.1Bnt to support a mine life of over 40 years and a staged expansion to 20Mwmt/a of iron ore production. London Mining has also completed bankable feasibility studies outlining plans for the development of its projects in Greenland and Saudi Arabia, with an aggregate JORC attributable resource of 1,203Mt. The Company listed on AIM on 6 November 2009 and trades under the symbol LOND. More information about London Mining can be found at www.londonmining.com This information is provided by RNS The company news service from the London Stock Exchange END MSCFSUESWFLSELS (END) Dow Jones Newswires 08-10-14 0600GMT To show Dow Jones news codes click here LOND.L I/STL I/XDJGI N/CNW N/GPRW N/RNOA N/RNS N/RNWS M/BSC P/ABO P/AEQI P/RNMS P/SGN R/EC R/EU R/UK R/WEU LOND -------------------- Top |
Posted at 04/10/2014 18:03 by alexios1201 Lond will be in profit soonerHigher grade Iron Ore fe 63-64Ami only produce fe 58, which is at around $16-20/t discountLond is making a loss of around $8/t all in costsAmi around $20/t all inAmi will run out of money in 6weeks time.Lond has a bigger recovery rise coming than ami.Lond 100% owner of SL producing assetGreenland and SaudiLond better bod.Ami with Timis doesn't give me much confidence |
Posted at 23/9/2014 15:54 by alphahunter Apologies if I am talking for my books, but is this royalty deal that underpinns BRWM's 4%+ dividend?July 30, 2012 5:00 pm London Mining agrees $110m royalty deal By Helen Thomas in London BlackRock will pay $110m to London Mining, an emerging iron ore producer, in return for a share of the miner’s production, as mining companies tap a wider range of sources to finance their projects. London Mining said on Monday that BlackRock, through its listed World Mining Trust, will receive 2 per cent of iron ore revenues from the Marampa mine in Sierra Leone. The royalty agreement eases any financing concerns around the company and will help fund expansion of its flagship project to 9m tonnes a year. Amid concerns about slowing Chinese demand for iron ore, a key ingredient in steelmaking, BlackRock’s investment signals confidence in west Africa as an emerging region of production as well as a bet that London Mining will succeed in becoming a substantial, low cost producer. “Quality iron ore always finds a market,” said Graeme Hossie, chief executive of London Mining, noting that the company is already producing a premium product used by steel mills to blend with lower-quality ore. “This is one of a number of financing tools and overall growth planning strategies we can use being a producer,” said Mr Hossie. “It is something we would have used anyway but it seems even more attractive to shareholders in the current environment.” Smaller mining companies are becoming more creative in seeking ways to finance their projects as beaten-down valuations limit the scope for equity fundraising and banks pull back on project finance. “We are seeing plenty of companies asking about alternative ways to finance growth or development projects,” said Evy Hambo, fund manager of the trust. “The scarcity of capital for midsized and junior companies, the cost of capital and the covenants attached to it make it less attractive than in the past.” BlackRock’s mining trust, which will use debt to finance the deal, has pledged to increase the income it pays back to investors, with the royalty expected to yield significantly higher than the trust’s cost of debt. “This royalty allows us to grow the level of income that the trust will be able to offer in the future,” said Mr Hambro. Shares of the BlackRock trust rose 2.14 per cent. Shares in London Mining jumped 15.5 per cent to 171.5p. The stock had shed 24 per cent in the past month, after London Mining rattled the market with higher-than-expected costs in the first half of the year. Analysts at Liberum argued that the BlackRock deal reflected a valuation for Marampa of more than $1.6bn, or close to 5 times the company’s market value. London Mining is expected to produce 1.5m tonnes of iron ore this year, as part of its first, $300m development phase which should see Marampa ramp up to 5m tonnes by 2014. The group is planning to expand output to 9m tonnes, which according to a preliminary study could cost $600m-$700m. Standard Chartered will advise on arranging debt funding for the expansion. London Mining could also seek strategic investors to accelerate its expansion plans, said Mr Hossie. |
Posted at 16/7/2014 14:13 by h2owater London Mining Plc Given Average Recommendation of "Buy" by Analysts (LON:LOND)Posted by Nolan Pearson on Jun 26th, 2014 London Mining Plc logoLondon Mining Plc (LON:LOND) has earned a consensus rating of "Buy" from the eleven analysts that are currently covering the stock, ARN reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 127.75 ($2.17). A number of analysts have recently weighed in on LOND shares. Analysts at Credit Suisse reiterated an "outperform" rating on shares of London Mining Plc in a research note on Monday. They now have a GBX 140 ($2.38) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of London Mining Plc from GBX 160 ($2.72) to GBX 100 ($1.70) in a research note on Friday, June 20th. They now have a "buy" rating on the stock. Finally, analysts at Investec cut their price target on shares of London Mining Plc from GBX 113 ($1.92) to GBX 57 ($0.97) in a research note on Friday, June 20th. They now have a "buy" rating on the stock. London Mining Plc (LON:LOND) opened at 29.47 on Thursday. London Mining Plc has a 52-week low of GBX 26.75 and a 52-week high of GBX 149.75. The stock's 50-day moving average is GBX 40.38 and its 200-day moving average is GBX 73.60. London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia. |
Posted at 27/6/2014 14:54 by jumbone hxxp://www.wkrb13.coLondon Mining Plc's "Outperform" Rating Reaffirmed at Credit Suisse (LOND) Posted by Kristian Gore on Jun 23rd, 2014 // No Comments Share on StockTwits London Mining Plc logoLondon Mining Plc (LON:LOND)'s stock had its "outperform" rating reiterated by research analysts at Credit Suisse in a report released on Monday. They currently have a GBX 140 ($2.38) price target on the stock. Credit Suisse's price objective points to a potential upside of 409.09% from the company's current price. LOND has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of London Mining Plc from GBX 160 ($2.72) to GBX 100 ($1.70) in a research note on Friday. They now have a "buy" rating on the stock. Separately, analysts at Investec cut their price target on shares of London Mining Plc from GBX 113 ($1.92) to GBX 57 ($0.97) in a research note on Friday. They now have a "buy" rating on the stock. Finally, analysts at Investec reiterated a "buy" rating on shares of London Mining Plc in a research note on Monday, June 2nd. They now have a GBX 113 ($1.92) price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and an average target price of GBX 127.75 ($2.17). London Mining Plc (LON:LOND) opened at 29.00 on Monday. London Mining Plc has a 52-week low of GBX 26.75 and a 52-week high of GBX 149.75. The stock's 50-day moving average is GBX 43.57 and its 200-day moving average is GBX 76.12. London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia. |
Posted at 30/5/2014 12:29 by batman9 London Mining Plc (LON:LOND)'s stock had its "overweight" rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Friday.Shares of London Mining Plc (LON:LOND) opened at 41.50 on Friday. London Mining Plc has a 52 week low of GBX 39.00 and a 52 week high of GBX 149.75. The stock has a 50-day moving average of GBX 54.61 and a 200-day moving average of GBX 85.62. A number of other analysts have also recently weighed in on LOND. Analysts at Credit Suisse reiterated an "outperform" rating on shares of London Mining Plc in a research note on Monday, May 12th. They now have a GBX 140 ($2.36) price target on the stock. Separately, analysts at Investec reiterated a "buy" rating on shares of London Mining Plc in a research note on Monday, May 12th. They now have a GBX 113 ($1.90) price target on the stock, down previously from GBX 125 ($2.10). Finally, analysts at Investec cut their price target on shares of London Mining Plc from GBX 129 ($2.17) to GBX 125 ($2.10) in a research note on Tuesday, April 8th. They now have a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and a consensus price target of GBX 142.25 ($2.39). |
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