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Share Name Share Symbol Market Type Share ISIN Share Description
London Mining LSE:LOND London Ordinary Share GB00B1VZK334 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 4.70 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 180.8 -11.6 -10.9 - 7

London Mining Share Discussion Threads

Showing 3951 to 3969 of 4275 messages
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DateSubjectAuthorDiscuss
12/10/2014
06:42
http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-steel-in-advanced-stages-of-acquiring-london-mining/articleshow/44789210.cms The announcement of acquisition may be made on October 21 along with the financial results, the source said without divulging details of the deal or financial considerations. Read more at: http://economictimes.indiatimes.com/articleshow/44789210.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
h2owater
12/10/2014
06:39
JSW Steel in advanced stages of acquiring London Mining Press Trust of India | New Delhi October 12, 2014 Last Updated at 10:50 IST Set to expand its global footprint, the country's third-largest steelmaker JSW Steel is close to acquiring embattled West African iron ore miner London Mining in a bid to secure raw material for its plant. "JSW Steel is very close to finalising a deal to acquire London Mining which is battling big debts amid crashing iron-ore prices and the Ebola outbreak in Africa, where it operates a mine," a source privy to the information said. The announcement of acquisition may be made on October 21 along with the financial results, the source said without divulging details of the deal or financial considerations. Queries sent to the company about any possible acquisition of London Mining remained unanswered. However, the Sajjan Jindal-led firm last week had said that it is open to expansions through acquisitions besides augmenting present capacities. The statement had followed reports that the steel major is in advanced stages of acquiring London Mining. "As a long term strategy, we would like to expand both organically by means of brownfield and greenfield expansions and inorganically by acquiring some existing assets," the company had said in a filing to the BSE. It had said that the company kept on scanning suitable opportunities, which have a strategic fit. The debt-ridden UK-firm London Mining operates a small mine in Sierra Leone producing high grade iron-ore but is expensive to run. Sierra Leone is one of the worst-affected African nations by the ebola pandemic. JSW Steel is about USD 9 billion global conglomerate spread over six locations in India and a footprint that extends to the US, South America and Africa. The flagship company of about USD 11 billion JSW Group, JSW Steel has steel plants in Karnataka, Tamil Nadu and Maharashtra with a combined installed capacity of 14.3 million tonnes per annum (MTPA) which it plans to take to 40 MTPA in the next decade. Set to foray into European market with the acquisition of an Italian steel firm, JSW Steel has on its radar a handful of potential companies for takeover both in the space of steel making as well as raw material. Last month Sajjan Jindal had said there are many such units which are potential takeover targets, adding, "We are looking at iron ore assets all over -- in Australia, Africa, North America and South America. http://www.business-standard.com/article/pti-stories/jsw-steel-in-advanced-stages-of-acquiring-london-mining-114101200095_1.html
h2owater
12/10/2014
06:33
unable to paste all of the article.ITs in the Times
dafad
11/10/2014
23:51
huge shame on advfn too allowing these posts disgusting things people coming out with on here wishing things on family and children new zealander is a pathetic sicko
sigora
11/10/2014
23:46
Disgusting New Zealander!!(Ps I accidentally gave the thumb up to his post and can't remove it)Bloody appalling
simmy1699
11/10/2014
23:42
expect a knock on the door in morning new zealander
sigora
11/10/2014
23:37
fully agree with the above advfn shame on you new zealander you are a disgrace
sigora
11/10/2014
23:05
Well if you are being serious and not winding me up, I commiserate with your situation. I have worked in banks for years and the consortium of banks that have put this amount of financing together, and are on the hook for the $300m will only be interested in getting back as much of their cash as they can. There will be little thought for the shareholders. No-one can say for sure where LOND goes from here but even the company have said things look bleak for shareholders so you might have to think how you are going to gently break the news to Mrs Risk or cash something in and clear the credit cards. I hope all holders somehow get off the hook here....it takes guts to risk money and I believe risk takers should be rewarded....
molatovkid
11/10/2014
22:58
Just top slice phat profit to pay bill and let rest run
risk1
11/10/2014
22:57
Was going to hold long term
risk1
11/10/2014
22:57
Yes and bill is due i need that rns monday
risk1
11/10/2014
22:56
risk....do you mean you borrowed the money on credit cards to buy the LOND shares?
molatovkid
11/10/2014
22:55
Risk1,If you are a trader, then you didn't follow the first rule. Never ever tell your wife how much is in the trading account.Second most important rule: don't ever tell your wife that you are invested in AIMs stock!!!
wildsheroo
11/10/2014
22:53
Risk....LOND had debts of $310m as of 31/12/2013 - probably secured on the mine, land and any other company assets. The lenders will own the assets now. Bit like, buying a house and not been able to meet the repayments. Sooner or later the bank will re-possess the house, kick you out with nothing and try and get as much of the mortgage lend back as they can by selling the house.
molatovkid
11/10/2014
22:44
Have i lost over 20k forever how will i tell the wife??
risk1
11/10/2014
22:40
Risk1 - I think you might be doing well to get anything out of this. On the 8th Oct the RNS said '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.' From that point on the clock was ticking for LOND. From a speculators point of view, it was about getting in, making a profit and getting out before the shutters came down. That happened on Friday - sooner than I expected to be fair. The LOND management had to do something as the share price and speculation was getting out of control for a company clearly in serious trouble. Maybe they could have worded the 8th RNS more strongly, but that's all history now.
molatovkid
11/10/2014
22:33
There better had be a takeover or am complaining to FAC
risk1
11/10/2014
22:32
He hasnt lost yet rns mon 15p per share =60k in my bank
risk1
11/10/2014
22:32
There will be no takeover. Why would anyone pay that price now? You let the company be driven into the ground and get the assets on the cheap from the administrators or the lenders who re-possess the assets. The Company said as much yesterday.
molatovkid
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