Lonmin Share Discussion Threads

[cudmore] 21/4/2016 09:47

Up we go. Tree shake over!!

[cudmore] 21/4/2016 09:44

Tree shake time

[bigbigdave] 21/4/2016 08:19

Breaking out.

[edjge2] 20/4/2016 18:26

10% again with usual initial drop

[redbaron10] 20/4/2016 17:03

If Yellen and the Fed just sit on their hands while the presidential campaign runs its course,ie til November,then the dollar will not materially strengthen from here.Any rate increases across the pond will result in all the massive volatility we saw in the stock market in January around the world.During a presidential campaign this is the last thing the Fed wants.Just imagine the political capital someone like Trump can make out of the Dow and S&P tanking again.No, Yellen and the Fed will leave rates on hold until December if they feel ready to go once the presidential election is over.Now we are getting positive vibes out of China,and the dollar will not strengthen to push down commodity prices i think LMI is in a sweet spot for 8-9 months.Now Ben just come out with something positive for Q2 16/5!

[careful] 20/4/2016 16:28

platinum at $1030/oz. palladium at almost $600/0z.
we have a viable business here.

assets understated at about $2bn if PMG prices hold or improve.

[cudmore] 20/4/2016 15:57

£2 getting nearer and nearer!

[careful] 20/4/2016 13:16

remember about 6 long months ago.
there was elvis and kojak.
happy memories, i wonder if they are still alive?

[cudmore] 20/4/2016 12:30

As Yazz would sing...the only way is up!!

[edjge2] 20/4/2016 10:06

Carefully got in earlier. good point and undervalues as plat behind silver. Chinese indicated bust may not be so bad. Plenty of cars burning cheap fuel, let alone value aspect. Jan run for gold with stockmarket drops, charts of one coming in USA from Weiss

[careful] 19/4/2016 18:44

an ex anglo platinum man appointed as CFO.
It makes you think.
Anglo has stated that platinum is one of the metals they will focus on in future.

How they would love to take over Lonmin and its desirable assets.

[edjge2] 19/4/2016 17:58

Suspect new chinese gold market might just kick us off before that. Yanks are not gonna like it.

[cudmore] 19/4/2016 16:51

Another nice 10% day. Roll on 16/5 for the latest update

[careful] 19/4/2016 14:24

platinum now $1010/oz, palladium rising also.
this is becoming very interesting.
still dirt cheap with market cap of just £476m.

[ravenna23] 19/4/2016 12:45

With all executive board posts now being held by a South Africans this confirms to me that Lonmin will be nationalised if the platinum price does not recover. An investment with a very high degree of sovereign risk.

[cudmore] 19/4/2016 09:03

More good news here. £2 beckoning!

[lazyhisnibs] 18/4/2016 11:18

Certainty versus One party overbearing power?

For now investors don't seem to see it as trend changing.

In the media:

hxxp://www.iol.co.za/business/news/sa-mine-plan-to-ensure-26-black-ownership-2010866

Extracts (i.e. the beginning of the article):

(Johannesburg - South Africa issued a draft plan that intends to compel mines to ensure that black people hold at least 26 percent of their shares even after those stakes were sold.

In the reviewed Mining Charter published for comment on Friday, the Mineral Resources Department stated that mine-right holders must ensure their empowerment credentials are “consistent with the amended 2016 Mining Charter”, which states that producers “must achieve a minimum target of 26 percent ownership per mining right to enable meaningful economic participation of black people”.

The department and the Chamber of Mines, which represents the largest producers in the country, including Anglo American and Glencore, have gone to court over their interpretation of the charter, with the companies saying that they have still met the rules to hold licences even after black investors sold their stakes. The department says companies should maintain shareholdings by non-whites above the threshold at all times.)

---------------

In another article it was published that Anglo Plat signed a settlement agreement with a local community whereby they would pay to the other R175 million intended to "benefit local communities".

[lazyhisnibs] 15/4/2016 13:36

I don't know if it's his charting I like the most or his accent combined with simple explanations but the "Talking Technical" presenter at ....:

www.businessdaytv.co.za

... is a fan of the SA pt proxies right now and in this week's show he talks through Lonmin's JSE chart. I don't think he necessarily sees it as a trading long this very moment but does see another step up but rather listen to how he puts it as everyone's interpretation of shared views will differ.

His charting views seem to be mostly driven by support and resistance so he would often rather pay more on resistance getting broken but rather curiously he doesn't himself chase momentum at least not for long.

[cudmore] 15/4/2016 10:16

Will we see another 10% day???

[cudmore] 14/4/2016 21:04

200k buy at £1.55. Does someone know these are about to take off again?

[lazyhisnibs] 14/4/2016 12:14

edjge,

Yellen will again bulldoze anyone on the FOMC who wants to raise in June let alone this month. She doesn't want a 20% correction morphing in to a bear market on her watch. Her FOMC are out of control relative to their narrow mandate.

The dollar (rather than gold inter alia) seems to have been in the FOMC's sights this year. I can't see the Yellen regime sitting back if the dollar index approached 100 again. The dovish comments would fly at their alarmingly regular speeches.

[edjge2] 14/4/2016 10:38

lazy not sure how yellen can raise but that's 12 days away. Oil's non weekend event: those middle easterns are crafty types with their hints. Doing a yellen copy. Yellen will do what she can to kill gold. Might just blow up in her face as gold follows rate rises. Take double top with salt, slight possibility only.
LMI stabilised(not an LMI charatcteristic) for now.

[edjge2] 14/4/2016 10:32

AAL, BLT bouncing too. latter stronger. USD index off highs. Not sure what drove that up.
Johnson Mathey having a nice go today.

[lazyhisnibs] 14/4/2016 10:25

Regarding comment on the fundamentals about commodity prices but not pt specifically, is vid from last night at:

www.businessdaytv.co.za

The programme: STOCK WATCH

File 1's video starts with a couple of South African analysts discussing around that topic. The guy who talks the most finally got to being right after the start of year slump. His argument then and before being that commodities were priced for a deep world wide recession which wasn't in progress nor was likely to kick off any time soon.

Others see it differently by questioning the bounce on the basis that the fundamentals that drove commodity prices and their proxies down haven't changed enough in the past few months to justify multiples.

The price is the price and whilst edjge may be right on a range ceiling for LMI, for now this risk-on as driven mostly (I think) by Yellen's FOMC continues.

Perhaps a fair bit of the commodity proxies rally is relief around concerns commodity prices where previously thought by significant some to be en route to levels before the super cycle.

[edjge2] 14/4/2016 09:01

worm turned today like now?