London Mining Share Discussion Threads

[duxy786_2] 13/10/2014 16:20

Busy today...just had a call from advfn

[hvs] 13/10/2014 16:16

U mean they sold on the death bed ?

Do doctors take instructions when u hardly breathing ?

[deltrotter] 13/10/2014 15:55

HectorP and Forwood called this one right. Fair play to them.

[chesty1] 13/10/2014 15:53

Next rns stated they sold it back down the next day.....Bet they sold out more on the last day lets see......

[kirk2] 13/10/2014 15:10

BIDDING WAR HAS STARTED , THIS IS NOT DEAD IRON ORE UP 4% TODAY BOTTOM HAS BEEN REACHED, WHATCH THIS SPACE.

[bam bam rubble] 13/10/2014 15:01

Q3 2014 saw the following
Standard Life - from 7% to 3%
Govt Singapore- from 9% to nil
Norge Bank sold from 5% to sub-3% (nil?)

Morgan Stanley: from 9% to 10%... a negligible move compared to the above.

[mali7] 13/10/2014 14:57

If Glencore bought us out, I would forgive them, for the mess they have caused us.

[oditmoras] 13/10/2014 14:56

Gelncore would be wise not to bid... they partly caused the demise.

[oditmoras] 13/10/2014 14:33

Typo56You may well be right with the irrelevant "temporary"... And the company has already said the equity is worthless. But why did MS continue to buy last week after the drop to 0.15p in auction and the following few days. Wonder if perhaps it was a badly coded HFT algorithm. I was (un)lucky enough to get out at 26p.

[travls] 13/10/2014 12:50

The definite list of AIM companies about to go bust:

Tangiers (skint)
Tower (skint)
Sefton (crooks and skint)
KEA (skint)
NEW (shower of crooks and skint)
Range (skint)
London Mining (announcement anytime now)
Ultrasis (set to delist very soon)

[typo56] 13/10/2014 12:50

"suspension was only supposed to be temporary.

Stock suspensions are only ever temporary. I'm no linguist but I think it could be argued that temporary is a redundant adjective!

This is just a stage in the process of administration and delisting. A company cannot simply delist from the market without notice.

There is nil value to investors. Best get used to it. If you've lost money, consider what mistakes you may have made here, rather than blame others.

[modform] 13/10/2014 12:41

London mining, the name says it all

Blame the telegraph for one of their new years tip.

People buy risky, aim, small mining company shares without any strategy of when to get out, unbelievable

[bean02] 13/10/2014 12:37

It's a ray of hope to be sure. Late buyers cannot blame aim or the co. It was clear as day the risks on this one

[wildsheroo] 13/10/2014 12:36

I think they got it wrong as well, if suspension is raised, you'll share price going south. We need a miracle here!!!

[oditmoras] 13/10/2014 12:31

Hector PThe suspension was only supposed to be temporary.

[hectorp] 13/10/2014 12:29

Fascinating Morgan Stanley purchases , so we may see trhese shares back and trading soon? I think it possible. 5p?

[molatovkid] 13/10/2014 12:13

Hassani & Mali,

Interesting that you have lost money and still blame the AIM market.

This company was crippled with debt. $300m of it. If you either; didnt know that or did know it and invested anyway, then this is your fault and not the market.

Sorry to be harsh, It is not meant to be, but in corporate financing as in personal finances - too much debt is a killer.

Debt is one of the first things I look at - if it is too high and looks a problem, I walk away.

[lovely jubbly] 13/10/2014 12:10

Just shows, even institutions like MS don't know when to quit when it was glaringly obvious shareholders will be left with zero. Certainly looks like they've lost that investment in it's entirety.

[oditmoras] 13/10/2014 12:09

Does the fact that Morgan Stanley are now owners of more than 10% and with their clout... mean they'll have a seat at the negotiations. I suspect so and I also suspect shareholders will get something.

[oditmoras] 13/10/2014 12:06

Morgan Stanley now over 14m shares. Still buying when they could.

[bean02] 13/10/2014 12:04

Morgan Stanley in the know?

[dballantyne] 13/10/2014 11:51

Could take time if there is a lot to plough through but I suspect we will end up with nothing. The whole thing stinks as they issued an RNS on the 9th stating there was a major interest in shares and like idiots we jumped in just in time for them to cease trading on the 10th. Seen this trick before with GAME and am kicking myself as I should have known better.

[wildsheroo] 13/10/2014 11:41

It's bit weird that no RNS issued today

[travls] 13/10/2014 09:32

The definite list of AIM companies about to go bust:

Tangiers (skint)
Tower (skint)
Sefton (crooks and skint)
KEA (skint)
NEW (shower of crooks and skint)
Range (skint)
London Mining (announcement anytime now)
Ultrasis (set to delist very soon)