London Mining Share Discussion Threads

[h2owater] 14/10/2014 08:54

1.7 million buy 8/10/14WTF!!!

[bean02] 14/10/2014 08:43

No but I can dream

[hassani2] 14/10/2014 08:36

1.69 million shares traded at 70p,where that is coming from ?can anyone explain please ?

[mali7] 14/10/2014 08:22

No admin is good news - However are they thinking of the shareholders? I doubt it as never seen that! Maybe Tony Blair has been hired, I read somewhere he was a consultant for them for a yearly fee of £1M...I think I will offer my consultancy and get my money back that way. Seriously ppl behind London mining and AMI has been making multi millions already, all is clear when you read their background, billionaires.... Anyway for now keep praying for the white knight, as I wana see one in my 10yrs+ trading...(Marconi, Energis, BGP, i-mate, HMV, Woolworths, Game...) The way to make serious money is not AIM shares, is to rise up to Director level job!

[aries2000] 14/10/2014 08:10

Iron-Ore Price Surge Sparks Talk of Market Bottom

SYDNEY—Iron-ore prices jumped 4% late Monday and overnight, the biggest one-day gain since March, after data showed that China’s imports of the commodity jumped last month, and Chinese steelmakers began buying in earnest after a weeklong national holiday.

Market participants are debating whether prices have bottomed or the move reflects a short-lived recovery in a continued downturn. Demand for iron ore, a key ingredient in steel, also provides clues to the strength of China’s slowing economy.

Other commodities, including copper, also gained on a report Monday of broadly stronger Chinese imports, although iron-ore’s rally was the most pronounced. China recorded a 14% rise in iron-ore imports last month from a year earlier, and a nearly 17% gain over the first nine months of the year, official data showed. China’s exports of steel products rose to a record.

“The knife has finally stuck in the spot iron-ore price floor,” said Charlie Aitken, Sydney-based Executive Director at Bell Potter Securities. He said confidence was rising and traders were buying on hopes that supply was no longer “dramatically outstripping demand.”

Recent statements by top Chinese officials that the world’s No. 2 economy will meet its growth target of around 7.5% this year have also bolstered sentiment, Commonwealth Bank of Australia analyst Lachlan Shaw said.

The spot price of iron ore rose to US$83.10 a metric ton, according to The Steel Index. The price rise is a welcome reversal for iron-ore bulls and miners. Just two weeks ago the price had hit its lowest level since 2009, after falling more than 42% since the beginning of the year.

While the price slide has been underpinned by record production from Australian mines, analysts have been closely watching for signs of strengthening Chinese demand, which is essential to mopping up higher output, which is also expected from countries such as Brazil.

“I think you’ve seen the bottom for the year in spot iron ore,” said Mr. Aitken, who said he wouldn’t be surprised to see prices edge back up to US$95 a ton.

But others aren’t so convinced.

“Further supportive Chinese data will be needed to sustain the overnight rally in iron ore, as yesterday’s support from import figures is unlikely to linger,” analysts at Australia and New Zealand Banking Group Ltd. wrote in a note.

Many economists also remain skeptical about China’s broader economy. Economists had forecast a drop of 2.4% in China’s total imports in September. Imports rose 7% after falling the two months prior.

Economists question whether that Monday’s data points improved economic growth momentum or simply a better exports outlook as Chinese companies ship more products like steel abroad.

[aries2000] 14/10/2014 08:05

hxxp://www.smh.com.au/business/mining-and-resources/marubeni-expects-iron-ore-prices-to-climb-in-2015-20141014-115s3b.html.

Gina Rinehart's Japanese iron ore partner, Marubeni, believes iron ore markets have bottomed out and prices for Australia's most lucrative export commodity will trend higher next year.
Speaking in Darwin on Tuesday, Marubeni's minerals and metals executive officer, Shinji Kawai said iron ore prices were poised to rise in 2015
"I think today's market is almost bottom," he said. "I think it is going up (next year). Toward the end of the year the price of iron ore is going up, no problem."
The benchmark price of iron ore for immediate delivery to the port of Qingdao in China surged 4.9 per cent to $US84.17 ($96.35) per tonne.
The share prices of Australia's key iron ore players leapt in response. Shares in Rio Tinto leapt 4 per cent to $60.72, while BHP Billiton stock was up 2.7 per cent to $33.47. Fortescue Metals Group shares rose 5.8 per cent to $3.66, after leaping 6 per cent on Monday.
The iron ore juniors enjoyed even more impressive gains. Mt Gibson Iron leapt 16.9 per cent to 52¢, while Atlas Iron rose 14.9 per cent 42.5¢ and BC Iron was up 13.1 per cent to $1.60.


Read more: hxxp://www.smh.com.au/business/mining-and-resources/marubeni-expects-iron-ore-prices-to-climb-in-2015-20141014-115s3b.html#ixzz3G6IaTgFC

[duxy786] 14/10/2014 07:52

No news. Interesting those trades though. Buys above 5p lol.....they just trying to annoy us now?More and more likely it looks like a last minute hope to create a deal for the mining operations. Today the prices of metals are low, but tomorrow they could double. This us a 40 year mine. They would recoup multifolds when the price doubles. It's just a matter of sitting on it.

[sweepie2] 13/10/2014 22:20

No news on admin is good news!
If still no admin tomorrow even better news

[h2owater] 13/10/2014 22:16

No news on admin is good news!

[jonnyboy1] 13/10/2014 20:58

In hindsight this whole company was obviously a con. I drove all round London and I can tell you that even if there is a mine it must be very small. No wonder they couldn't turn a profit.

[travls] 13/10/2014 20:01

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)

[hjfe] 13/10/2014 20:01

I am surprised that there has not been an RNS today informing the market that the company has been placed into administration - clearly that move was not taken today. It did seem on Friday that all the negotiations were complete and that the directors had run out of options, forcing them to sign the deal for a pre-pack administration. If we hear nothing tomorrow as well then possibly they are holding out for an alternative, which could offer some small hope to shareholders who are currently left in limbo. The market would have been informed immediately if the administrators were called today as expected, and as predicted by City-AM.

[duxy786_2] 13/10/2014 19:12

Newzealander34...whats your problem? Your 3777 comment has been removed by advfn. Any further comments like that and ADVFN will be forced to take legal action against you.

[travls] 13/10/2014 18:09

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)

[duxy786_2] 13/10/2014 18:05

Trav1s (skint)

[travls] 13/10/2014 17:47

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)

[trav1s] 13/10/2014 16:48

The definite list of AIM companies about to go bust very soon.

VOG (skint)
VOG (skint)
VOG (skint)
VOG (skint)
VOG (skint)
VOG (skint)

[travls] 13/10/2014 16:46

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)

[sweepie2] 13/10/2014 16:24

I hope you got that complete idiot bang to rights, just need for that disgraceful behaviour, so many people are keyboard warriors.
Good luck, glad you got out of here without too much damage, I enjoyed reading your posts.
Good luck for the future