Lonmin Share Discussion Threads

[chrisbr777] 26/11/2015 18:27

@Careful - you don't want to start this.

[elvisrocks] 26/11/2015 18:15

Chris, I really shouldn't say this given what's been said on this BB this evening, but really, you have no clue what you are talking about, not even trading chit chat that careful gave you some credit for.

Still hopeless, clueless, useless and utterly out of your depth x100. But then you think Graham is some guru. Makes me think you are just a lost sheep that has stumbled across someone who has thinks its nice to have his ego massaged and 2 becomes more than 1. Afraid not.

[elvisrocks] 26/11/2015 18:06

Graham, I can take great pleasure in continuing this with you but I suggest you are feeling rather sore that you are getting some of your own medicine back or got yourself all worked up to have a little spat at me this evening.

It is alas a little shame that you still cannot being yourself to recognise the major malfunction you have had today on your maths, the 20% "beat the market" that is not there or that you have been applying your mathematic views with hindsight.

"When the facts change, I change my mind. What do you do Sir?" The facts haven't changed. I'm still invested.

[graham2405] 26/11/2015 18:04

"South Africa produces 80% of the Worlds platinum and are in a wonderful position to control supply."

Now that's very true.....but the focus seems to be employment and not controlling supply.

....and given the high unemployment levels, that focus is unlikely to change.

[careful] 26/11/2015 18:03

Nothing you say chrisbr777 has anything to do with the prospects of Lonmin.
Just trading chit-chat.

[chrisbr777] 26/11/2015 18:00

Comparison JSE and LSE at close: --- Rights LSE 0.039 which equates to ZAR 0.8c; JSE 1c --- Main Share LSE LMI 1.26 which equates to ZAR 27c; JSE bouncy day ending on a large trade at close of 1.4m shares at 90c (4.2p). Volumes on main share on LSE today was 2x volumes on JSE. LSE not influenced nor conned by the manipulation happening on the JSE. I don't personally believe this is a shorting close, but rather investment banks working together to make the market. For the reasons given in my earlier post today. I can envisage two or more investment banks bidding and offering simultaneously, driving up the price. Since the higher price paid to the other bank is not lost, but goes back into the pool of funds, this can be recycled a number of times over. Sure there will be leakage to third parties. But that's what the war chest is for. Eventually when the price is nice and high, they will pull out and offload. Some sucker will pay top dollar for these shares 90c+ and will be left carrying the can when the market collapses under them. Sad.

[careful] 26/11/2015 17:57

Instinct tells us when they have learned from past mistakes.
Even the unions realise that this may be the last chance to save an industry.

Miners will get smarter and control supply.
South Africa produces 80% of the Worlds platinum and are in a wonderful position to control supply.

[graham2405] 26/11/2015 17:50

“criticism is dangerous, because it wounds a person's precious pride, hurt his (or her) sense of importance and arouse resentment.”

MUST REMEMBER THIS........

[graham2405] 26/11/2015 17:47

"So with respect, you should perhaps look Graham's way and one or two others who have been quick to flock round him. I make up my own mind."

Meow.........

Elvis, How to win friends and influence people chapter one.....

“When dealing with people, remember you are not dealing with creatures of logic, but with creatures bristling with prejudice and motivated by pride and vanity.”

Must remember this, Thanks Dale.....

[elvisrocks] 26/11/2015 17:40

Boulversee, when I started reading your post then, I actually thought you sounded on my side but you do not end that way. Taking sides is not what it is about, nor particularly is respect when you are in cyber space. You don't know me, I don't know you but I was quite capable of having a civilised exchange with you last night.

As to my reasons why I may post 24-7 those are my reasons, same as yours why you may have a G&T at night. If you don't like me, although I do not suggest that, just that you find me irrating, filter me. I am quite capable of understanding the calibre of my upbringing or other personality pros and cons I may have.

As for Graham, please understand he is no friend to many. A long history of his posts show otherwise. Since last night, he has had a "major malfunction" with his maths and is applying his clever clogs views with hindsight. He suggested he had a way to beat the market by 20%, sadly his maths was fatally flawed.

He is only getting some of his own medician back and he doesn't like it, nor have the good grace to accept it. In fact he called me an "idiot" when I pointed it out to him.

So with respect, you should perhaps look Graham's way and one or two others who have been quick to flock round him. I make up my own mind.

[graham2405] 26/11/2015 17:36

"Do you really see any similarity between Elvis's posts and mine?"

No I don't I'm just pressing 'her' buttons... ;-)

[graham2405] 26/11/2015 17:34

OK. I'll be positive.

Lonmin own a big hole in the ground full of PGM's. They have lots of infrastructure to assist with extracting those PGM's.

They employ lots of people and support the local communities.

The CEO is a very sweet guy, who says and does all the right things.

The staff are productive, conscientious, and loyal. They never complain (well rarely), never ask for more money (well sometimes), and never strike (well perhaps once or twice).


I give up, back to negative............. ;-)

It's a great pity that they cannot seem to make a profit.

They have rifled the pockets of shareholders three times and have raised well over $1.2 billion in new cash, and yet they still make a loss.

Even when Platinum was @ $1400 an oz. It's now circa $850.

So is it 'worth a buy'........?

[elvisrocks] 26/11/2015 17:09

Graham at 1.30 ex rights, with a full follow your rights option, I'm at 15p v just south of 25p cost of investment, or, in other words, within 1p of the price on the morning they announced the 46:1.

You can't seem to grasp this is a period of Mickey Mouse numbers, total market cap below the RI cash value etc. Do you ever appreciate that advisors and underwriters, banks etc may have some integrity rather than "we're just here to scam you".

I think you should take a long hard look in the mirror what and how you say it.

[lazyhisnibs] 26/11/2015 17:03

I'll give myself a few days holiday from you then with the ignore facility.

That'll make keeping up with other posts easier.

[elvisrocks] 26/11/2015 17:02

Sorry Graham I'm not falling for it with you. You are not shy of taking others to task with your "priceless comments" so I'm not going to show you any.

As regards am I wrong in going balls deep at 25p? Why don't you go and check dealy's posts and work back the equity from that, or alternatively, assume an average position of an II who signed up to this RI.

Priceless Graham, you are balls deep with your major malfunction today, you know that. You're getting some of your own medicine back.

[graham2405] 26/11/2015 17:02

Elvis, it doesn't take long to check my posts both here and as illbetabuck on LSE fora to find out that I held my position on this the day they announced a rights issue.

I did my due diligence and stated my position regards the RI.

I hate to see people lose money.......

Elvis, I have to say the more you lose the more you will learn.

I hope that it is not to expensive an education for you.

[elvisrocks] 26/11/2015 16:57

Sorry Lazy but No.

Graham has put it out there that you can "beat the market by 20%" according to his hindsight view. He had no opinion which way the rights would trade, above or below TERP, the day before they went ex rights.

He shouldn't put out that view, "he's the one" that can beat the market, across everyone in this whole world. If such a gap existed, the market would exploit it straight away. He fails to appreciate on his 1p "paid up share" he is only owning 20% of if he buys one right at 0.04p.

Graham is not shy at going on the attack and front foot with others, or abusing them with his "priceless" comments.

Bully? Head Graham's way!

[lazyhisnibs] 26/11/2015 16:48

7015 - There seems to be a lot of scornfulness, resentfulness and superciliousness in you Elvis. Please give that stuff a rest for a few days.