Lonmin Share Discussion Threads

[elvisrocks] 18/11/2015 12:03

Tut Tut Graham, glass houses and all that:

1. I've said elsewhere I see both sides and evaluate accordingly.
You've never got off the employees, plat price, banks only argument.

2. Ramp. I've never changed my tune. Positive all the way.

3. Yip, Graham I read accounts and Prospectus'. That's what they are there for.

Rackers1. Is that a peace offering?

In all seriousness, Mikemaxm has never got off the single track record about the plat price.

He got put in the loony bin when he said "why should we care what they do" when it came to directors following their rights. I tried to tell him what was normal convention about the market inferring if directors did not take up their right, how the market may perceive that.

He chose to ignore that too, so got put in the loony bin.

EDIT

Put in the loony bin weeks ago by the way, so I've actually been quite generous and patient engaging with him.

[rackers1] 18/11/2015 11:55

spot on there Graham

the hypocrisy is of high quality . ill give him that.

[mikemaxm] 18/11/2015 11:54

Elvis you are so nervous because you are invested heavily in Lonmin and its painful for you to see your investment being halfed? Poor thing.

[graham2405] 18/11/2015 11:53

"People who can only see 1-side of the argument"

So, Elvis would qualify........

"People who ramp"

So, again Elvis would qualify.......

Elvis who often quotes her accountancy skills, and uses this to convince others that this is invest-able.

Tut, Tut, Tut.......

[rackers1] 18/11/2015 11:51

elvis - in all seriousness - why do you slate everyone here who dare to disagree with you ?

im being polite and serious there - look at mikemaxm - he kept it all on topic and you steamed in there taking the guy apart.


mikemaxm
18 Nov'15 - 10:58 - 5945 of 5961 0 0


Elvis all you are saing is that Lonmin is at worst break even at ANY price of Pt.
That just cant be.










elvisrocks
18 Nov'15 - 11:00 - 5946 of 5961 0 0


mikemaxm, I'm not going to bother engaging with an idiot like you any more until you get off your one-sided record and have a couple of ounces of credibility about how a Business Plan is put together by professionals or some semblance of a brain on accounts/finance.

You are a moron if you keep coming back to one stat, just like you would be if quoted just "oil price" for an "oil company". Does an oil company just focus on one stat? Do you think no one at oil companies focuses on expenses or Capx or restructuring or key reserves or key employees?



you started it there - you need to calm down - get some anger management courses under yer belt.

[elvisrocks] 18/11/2015 11:46

rackers1. F-off.

You are an admitted low life ramper, there is no greater low on Boards like this. Your pants are now up, put that dummy back in your mouth and start shaking that rattle.

[careful] 18/11/2015 11:45

'..inherent unease with fellow man.."
poetic, are you a lay preacher.

[careful] 18/11/2015 11:43

and on the other side of that argument is the fact that we could double our money if things turn out well.
unlikely with Shell.

[careful] 18/11/2015 11:35

price action will be interesting today, thursday and friday.

why do we give this minnow valued at £60m such attention.
RDSB is valed at tens of billions and rarely gets a mention.

[elvisrocks] 18/11/2015 11:19

Graham, you are now officially in the same moron camp as mikemaxm.
Re-read Post 5946, middle paragraph. Even a five year old would understand that.

[graham2405] 18/11/2015 11:13

"Graham re Post 5933, plat price is (very) important not critical. I've said that before and will say it again."

Elvis

Platinum price is CRITICAL, who exactly are you trying to kid.

YOURSELF?

[elvisrocks] 18/11/2015 11:12

cheers mikemaxm,

I've tried to engage with you but you don't seem to get past first base, the plat. price. There is a lot more to it than that. However I try to say that, it just falls on deaf ears because you don't seem able to grasp anything. I can grasp the importance of the plat price but also other factors. You can't.

Sorry, re-read Post 5946, middle paragraph. Even a five year old would understand that.

[elvisrocks] 18/11/2015 11:07

Cheers mikemaxm. Moron if you just focus on one thing and can't get off the toilet. Have a re-read of Post 5946, middle paragraph.

[elvisrocks] 18/11/2015 11:02

Graham re Post 5933, plat price is (very) important not critical. I've said that before and will say it again.

[elvisrocks] 18/11/2015 11:00

mikemaxm, I'm not going to bother engaging with an idiot like you any more until you get off your one-sided record and have a couple of ounces of credibility about how a Business Plan is put together by professionals or some semblance of a brain on accounts/finance.

You are a moron if you keep coming back to one stat, just like you would be if quoted just "oil price" for an "oil company". Does an oil company just focus on one stat? Do you think no one at oil companies focuses on expenses or Capx or restructuring or key reserves or key employees?

If you want to have a pop at things, try SRK, they along with 10 banks reviewed it.

[mikemaxm] 18/11/2015 10:58

Elvis all you are saing is that Lonmin is at worst break even at ANY price of Pt.
That just cant be.

[mikemaxm] 18/11/2015 10:53

"""all other factors that offset (any) weakening plat. price?"""

These factors are already in Business Plan. Or do you think Ben Magara forgot to include them? And for Business Plan to be viable price of Pt must be above $1050-1070.

[elvisrocks] 18/11/2015 10:53

sr2day, forgive me, I am going to use one of your posts 4925. I have come in for a lot of flak on this Board but just want to remind the folks of this, particularly rackers.

"elvis, i have looked at the balance sheet again, i can understand where you are coming from. you have a point that the slate is being wiped clean as far as debts are concerned, the assets have been revalued appropriately and all that is left are for operational costs to be tackled and most important for platinum price to go up and stay up. now whether it is worth adding to your investment 3 fold is debatable. good money after bad money some would say, but if one has the pockets full it does not matter because the rewards could be substantial".

I've made my case on the plat price (how it is dealt with in Lonmin's Business Plan / stress test), others have made theirs.

[elvisrocks] 18/11/2015 10:40

Here we go again with Graham, now Motley Fool and Jubilee Platinum.

Try Kojak's stat: Investor in Lonmin is investing at $10/oz. a figure normally reserved for junior miners with undeveloped reserves. What's Jubilee's like for like figure Graham? Jubilee has yet to produce or sell anything, and, guess what Lonmin won't have any debt after the RI but go figure Motley Fool.

Anyway, Lonmin's labour costs are high? Lonmin's are, i think, the best in the industry at R10,400 / oz. Better than Impala certainly.

PS: Did you not read the second part of Post 5932 Graham, all other factors that offset (any) weakening plat. price? But as you wish, keep shouting "fire fire" if you wish. The fireman won't be coming out.