London Mining Share Discussion Threads

[typo56] 16/10/2014 22:09

duxy768: "As for those pathetic enough to come here and say 'I told you so'..."

You don't suppose you'd have said much the same, had they resumed trading and taken off? You suppose you'd have felt much sympathy for the burnt shorters?

[newzealander34] 16/10/2014 22:06

Oh duxy your break my heart! How sad! Next time I'll look east!

[soul limbo] 16/10/2014 21:29

London Mining enters into administration as Ebola outbreak hurts Sierra Leone mine

Thu, 16th Oct 2014 16:45

London Mining on Thursday said a"dramatic fall" in iron ore prices and the Ebola crisis had led the company to enter into administration.

The group said the iron ore prices left the business without enough liquidity and the negotiations between the lenders and potential buyers of the Marampa mine in Sierra Leone took longer than expected.

Sierra Leone is one of the most affected countries with the Ebola outbreak, which the firm said is a "going concern".

Chief executive Graeme Hossie said: "I applaud [the employees] for the ongoing leadership role our team has played within the private sector in Sierra Leone in helping address the challenges of the current Ebola crisis.

"The Marampa mine retains excellent fundamentals and it is our sincere wish for it to find the appropriate financial support to continue operating over the longer term."

[typo56] 16/10/2014 21:16

Hopefully a wake up call for those who blindly follow the moves of fund managers and professional investors (inc Buffett).

[joan1234] 16/10/2014 21:05

London Mining’s Greenland asset, is high and dry, and it’s not just London Mining investors who will be out of pocket. Anglo Pacific, the well-known London-based royalty group, has a big exposure - Today, 9:04 PM

[travls] 16/10/2014 19:46

The rampers should post how much they have lost ?

[pomp circumstance] 16/10/2014 19:21

if its worth zip, ill have it

[travls] 16/10/2014 19:05

h2owater

If you left money on the table then more fool you. You were warned by the company via RNS of its impending failure.

[hassani2] 16/10/2014 18:49

Naughty rampers

[chesty1] 16/10/2014 18:18

Well I am gutted for anyone left holding this one...Yes they told the market but so many were pumping this up days before it went pop.....

Be lucky to all & hope you all make your money back & then some.....

[travls] 16/10/2014 18:10

Don't say you weren't warned about this going bust.

The company even warned you all.

If anybody has lost money on this then you need to take a long hard look in the mirror and ask yourself questions about your investment strategy.

[tonysss13] 16/10/2014 18:05

alamaison5

I know emotions are running high, but shorters will be closed at zero so will make 100%. Although it will take a while.

And anybody buying this after the RNS on the 8th (and probably well before that) isn't an investor

[newzealander34] 16/10/2014 17:23

The silence is deafening

[bam bam rubble] 16/10/2014 17:09

CEO Graeme Hossie said: "London Mining established substantial operations at Marampa, having brought back commercial mining to Sierra Leone after forty years. I salute all our employees for their dedication and contribution to create this project. I applaud them for the ongoing leadership role our team has played within the private sector in the country to help address the challenge of the Ebola crisis. It is our sincere wish to find the appropriate financial support to continue operating over the longer term."

The CEO was so busy backslapping he forgot to apologise to shareholders.

[newzealander34] 16/10/2014 17:03

Mali, you were hoping for a recovery no no no! Close the door on your way out! Oh Mali, I admire your hoping on a string! Oh Mali, where for art though Mali! Goodbye!

[the stigologist] 16/10/2014 16:47

or alternatively go from frying pan to fire as most mug punters do

duxy has already moved to lose his money on RLH

doesn't mention his previous disasters KIBO STGR and TLY any more

funny that

[mali7] 16/10/2014 16:46

Yes all hopes all rumours down the drain :-(
Very sad day for me...but life has to go on...although a tough lesson...I am out of AIM for good.

Anyway Good Luck in your investments and there is no quick way of recovering these losses...so do not rush anything.