London Mining Share Discussion Threads

[apfindley] 16/10/2014 16:37

OuchBad luck all those investedHopefully you can all make up for the losses soon as the market rebounds.

[tonysss13] 16/10/2014 16:30

theyre not coming back. administration just announced

[mali7] 16/10/2014 14:50

If they come back, I think it will be when deal is more clearer and finances sorted, it would be wrong to panic then and sell, hence I won't be following the heard...anyway for now forget what price it will be etc, my main concern now is to avoid admin and get back trading...

[duxy786_3] 16/10/2014 13:47

if these resume trading, I can see a lot of PI's here running scaared and getting out, once it bottoms, I would be more than happy to add a few here.

[h2owater] 16/10/2014 08:04

Tuesdat 21st Oct for news!!

_____________________________________________________________________________

"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.

Read more at:

[mali7] 16/10/2014 07:56

There is always a war, with strong or weak parties, even Woolworths had a small war, but with bids of few pounds only.

Hopefully this one gots real billionaires fighting...

[travls] 16/10/2014 07:52

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)

More to be added shortly once due diligence completed

[mrshaungcm] 16/10/2014 06:21

If the bidding war continues.


never knew there was a war!

[duxy786_2] 16/10/2014 05:31

If the bidding war continues....good will come of this crazy charade.

[mrshaungcm] 16/10/2014 03:04

good or bad


mercy killing i hope

[duxy786_2] 15/10/2014 23:40

Should be an announcement tomorrow.

[mali7] 15/10/2014 15:01

The dispute with Glencore has resulted in this, they were supposed to pre-pay $30M for stock order but they refused, hence affected cash flow. Glencore didn't wana pay upfront due to not wanting to take the risk, if SL gov provides a guarantee maybe things could have been sorted or obviously if the BODs managed it better!

[aries2000] 15/10/2014 14:51

the board should be changed immediately after this charade i believe they planned this all along.

[wildsheroo] 15/10/2014 14:37

Aries,That what I was thinking maybe the delay is because the local government got involved and stop the company going into administration.

[aries2000] 15/10/2014 14:33

At 30 June 2014 the Group had a cash balance of USD 32.1 million. The Group has borrowings of USD 310 million,which comprise the USD 200 million secured facility (expiry March 2019 with first amortisation due June 2016) and the USD 110 million convertible bond (expiry April 2019).

Are this guys trying to be funny.

[aries2000] 15/10/2014 14:19

Where are all this monies.

Revenue of USD 110.6 million, down 22%, with a 5% increase in sales volumes offset by lower market prices
 Marampa EBITDA profit of USD 0.8 million, a decrease of USD 38.5 million from H1 2013 (EBITDA profit of USD 39.3 million)
 Group EBITDA loss of USD 10.8 million, a decrease of USD 34.8 million from H1 2013 (EBITDA profit of USD 24
million)
 Loss for the period of USD 12.6 million, an increase of USD 7.6 million from H1 2013 (loss of USD 5.0 million)
 Additional offtake finance from Cargill (USD 20 million) and Vitol (USD 17.5 million)

[aries2000] 15/10/2014 14:16

Marampa is worth $80b think again Indians always looking for bargains the government of Sierra Leonean will never agree.

[aries2000] 15/10/2014 14:11

London mining iron ore resources at marampa is worth $80,000,000,000 will you sell this for peanuts and the government will not allow that to happen,they will invest cash to save the mine thereby becoming major partner and shareholder in the business.

[aries2000] 15/10/2014 14:06

Marampa has over one billion tonnes of resources which underpins a long life, high grade, scaleable iron ore mine.

[aries2000] 15/10/2014 14:05

Despite these challenges, the long term potential of Marampa remains. Good interest has been received from potential strategic partners with whom the Company is discussing a substantial investment to enable us to reduce risk, fund mine
extension capex and potentially expand to larger scale production at the right time in the cycle. We expect the process to complete before the end of 2014.”

[aries2000] 15/10/2014 14:02

Peeps keep the faith it will come good either way.

[travls] 15/10/2014 12:02

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)

More to be added shortly once due diligence completed

[duxy786_2] 15/10/2014 11:24

Travls uses "due diligence" ... u cant get better comedy on advfn!