Lonmin Share Discussion Threads

[careful] 01/8/2016 16:27

can lmi make profit with such low annual refined production levels?
700,000 oz assumed.
looks tight.

[harry_david] 01/8/2016 09:00

RB, you understand these things. The cash position has gone down $23 mil in the quarter against $51 mil spent on capex and development. How does that stack up?Right now the pgm price is about 10% higher than for the last quarter. What % of that drops to the bottom line?

[redbaron10] 01/8/2016 08:13

Quite.Still waiting for the first 'sell' rating after this report.2.2% reduction in unit production cost goes straight to the bottom line.Progress.

[harry_david] 01/8/2016 07:51

Good report and well presented. You only have to look at the current price in rand to see how well positioned they are.

[redbaron10] 01/8/2016 00:43

Political elections in SA this week could see a shift in public sentiment away from the ruling ANC to other parties.Another factor that could make a material difference here,especially regarding the wage negotiations.

[cudmore] 30/7/2016 07:39

Redbaron

Brokers saying BUY TPT with an share price target of £1.50-£1.70. Should be easy money. Company is out performing all others in the sector and the drop to 98p was Brexit panick selling.

[redbaron10] 29/7/2016 20:19

I forgot to mention the stress-testing of European banks by the ECB.Italian banks and Deutsche bank in the frame over the weekend.There are a lot of things happening Monday to have an effect here.

[redbaron10] 29/7/2016 17:13

cudmore,i see TPT had another good day.Good tip,will buy in on any dip Monday.Got some profit to play with after this week.cheers

[abryer] 29/7/2016 17:10

Times have changed. I topped up Wednesday using my mobile whilst sat on a beach in Albufiera.

[redbaron10] 29/7/2016 16:25

harry_david,your optimism is admirable,but we're in a quiet time of year for trading.Everyone's on the beach and our political masters are enjoying some down time(i wish for some of them it was a permanent state of affairs regarding the down time!) Ok China blew up this time last year but i can't see a repeat of that.I'm hoping for a pt price around $1250oz by end of October,with a £3 price tag like cudmore here around the same time.If we get there quicker,great,but regarding SAfrican politics i'm keeping a wary eye on the wage negotiations.Hopefully common sense will prevail,but when it comes to this company,that doesn't always seem to be the case!

[cudmore] 29/7/2016 15:29

Bad news would have leaked out by now so I'm feeling confident of these soaring back northwards next week. £3 my new stop loss!!!

[harry_david] 29/7/2016 15:10

Red Baron the wage negotiations must be holding the price back at the moment by at least 20p. If we get something calming on Monday and the price of platinum stays near $1140 then surely £3 is a certainty next week. What do you then say to £4 within a month?

[redbaron10] 29/7/2016 13:59

Too right cudmore.Production should be on target.Lonmin's two main smelters have both been repaired and overhauled in the last few years.There are no excuses for Ben and the management team if they fall short.

[cudmore] 29/7/2016 13:36

Anyone thinking of getting some of these would be wise to today as the news next week is likely to be positive. Could see these rocket!!

[redbaron10] 29/7/2016 12:45

Bits and pieces of US economic data due.Chinese PMI data and Lonmin production report monday.

[redbaron10] 28/7/2016 14:14

I hope you're right with the 250p cudmore! We might get a run at it with the Wall st open,failing that, Mondays report might take us there.Are we some of the few left here who haven't cashed in their chips on this one?

[redbaron10] 28/7/2016 12:03

You crazy mad person cudmore.Don't you take any notice of UBS and Deutsche with their 'sell' rating!

[cudmore] 28/7/2016 11:04

No stopping this hitting £2.50 today

[redbaron10] 28/7/2016 00:33

Come on Anglo,don't disappoint on your interims,and Ben produce the goods on the first.

[redbaron10] 27/7/2016 15:23

Robust motor vehicle sales.J Matthey share price well up.BASF selling plenty of cats.Pt and Pd rising on auto demand,may get bigger jump if dollar index subsides after Fed meeting.

[harry_david] 27/7/2016 14:36

This sudden jump in plat and pall could be a sign of impending trouble, or hopefully just good news!

[redbaron10] 27/7/2016 13:00

Btw AAL 2016 interim results tomorrow so might give some forward guidance re pgms

[redbaron10] 27/7/2016 11:32

Taken some profits with IAG today,bought some more Centamin just now.I pray pt and gold prices stay up here.I'm the one with the crossed fingers now.My portfolio is heavily weighted to the fortune of these two metals that it's scary.