Lonmin Share Discussion Threads

[1corrado] 20/11/2015 12:15

waiting to buy below 1.30p

[binladin] 20/11/2015 12:06

What are these shares worth considering the fact that they are fully financed and ready to be takeover..

[elvisrocks] 20/11/2015 12:06

younasm, in "theory", the value of the right today should be 0.19p based on last night's TERP.

How much they worth, well at 0.50p, you would get to the lowest analyst Barclays, but when, or when after consolidation, who knows?

That's why you see quite big 'sales' orders in there at 0.25p, 0.50p, 0.75p, 1p etc.

[elvisrocks] 20/11/2015 12:02

At LMIN+1 (1.1p) v LMI (1.4p), there is still a weird, and quite large, arbitrage here!

[younasm] 20/11/2015 11:59

What are these worth after rights issue ??0.75 - 1.75p ??

[elvisrocks] 20/11/2015 11:45

Is this now the 5th auction of the day on LMIN?
Fourth or fifth I think.

[elvisrocks] 20/11/2015 11:35

The level of buy-sell orders on LMIN at circa 0.10p is pretty obvious 420m:20m,

20:1 roughly, no surprise.
Implies a near 50% fall since last night.

Why not Typo re previous post?

[typo56] 20/11/2015 11:34

If you think it's the bottom, pile into LMIN @ 0.1p.

(I'm not)

[binladin] 20/11/2015 11:21

This is the bottom..

[graham2405] 20/11/2015 11:12

Ditto.......

[elvisrocks] 20/11/2015 11:10

Good luck Graham

[graham2405] 20/11/2015 11:09

I've given it plenty of consideration and it's only going one way, IMHO.

No more interest for me here............

I may come back after the consolidation. ;-)

[elvisrocks] 20/11/2015 11:04

Dusseldorf, I'm not so sure on your Post 6314 and mine 6311.

The LMIN rights are not fully loaded from CREST yet (mine aren't available anyway), and TERP last night on 10p was estimated at 1.19p and a right at 0.19p

We are currently seeing so called trading TERP at 1.45p area and the right at 0.12p area, both up/down by 30% call it, bit more when you add spreads.

But there are no 'true indicators of value' yet only day trading, so 0.25p / 0.35p / 0.50p may not be a mistaken order etc. The so called media etc around Lonmin will get stronger now.

So, in theory now the Lonmin uncertainty out of the way, prices should stabalise at least back at last night TERP then improve.

EDIT

The sell order of 1m at 0.199p is only last night TERP, at 0.25p, 25% higher etc etc.

Who is buying / selling at the moment if most PI's are not uploaded on CREST?

[kirk 6] 20/11/2015 10:59

Incredibly tiny valuation and now fully funded

[induna123] 20/11/2015 10:53

You've got to love the title of this thread.

Overvalued assets worth only £2.80 LOL It certainly was.

[1corrado] 20/11/2015 10:47

you could be right bindladin but i thought he was dead...............

[binladin] 20/11/2015 10:41

Should see this go higher maybe..1-2 p is neither here nor there...on a long term out look this might seem like a great buy..who knows...

[1corrado] 20/11/2015 10:37

waiting to get in at 1.3p to 1.35p.

[elvisrocks] 20/11/2015 10:31

Third if not fourth auction on LMI this morning.
What's going on?

[1corrado] 20/11/2015 10:31

sold at 1.58p net profit 1.300 quids waiting for further drop to get in again this is like day trading like the indices.