Lonmin Share Discussion Threads

[pjm1162] 07/12/2016 13:48

And people wonder why it's going down, they are in a bad position and I personally can see sub 100 p coming

[mikemaxm] 07/12/2016 12:25

Rand has strengthened recently. Right now basket price for Lonmin is 11753 per ounce of PGM. For 2017 cost of production 11050 + capex 1500 = 12650 rand. So If the prices of pgm remain depressed in 2017 Lonmin will be losing around 900 rand for each ounce.

(Lonmin plans to increase capex in 2017 from 1.2 bln rand in 2016 to 1,8bln rand)

[pjm1162] 07/12/2016 09:17

Short lived bounce to 146 as expected, 138 again now, 120 within a week I suspect....shorters heaven this is atm

[glenkaz] 05/12/2016 23:05

P j m sk/m 💩 Yourself you c/unt! Bet you wet the bed tonight! 😁

[glenkaz] 05/12/2016 23:05

P j m sk/m 💩 Yourself you c/unt! Bet you wet the bed tonight! 😁

[glenkaz] 05/12/2016 21:11

Bouncing big ! You f/cked p j m 💀

[glenkaz] 05/12/2016 17:07

P j m I hope your burnt to a crisp! You vile cretinous tw/at!

[foxy22] 05/12/2016 08:29

Bouncing....finally!

[moneybags] 01/12/2016 16:42

Lonmin seems to be in that zone at present where it does not know when to stop going down.
It will bounce......But.....Question is.....When will it bounce...?
It's in 'no man's land' at the moment.


Rest in Peace Tiny R.....

Regards , Moneybags

[foxy22] 01/12/2016 14:32

So where is it retracing to do u think maybe jump ship and move to oil shares

[cudmore] 01/12/2016 13:08

All those that bought around 57p like myself cashing in imho. Still see them bouncing back. Still plenty of buyers here

[foxy22] 01/12/2016 12:39

Is this share just on a continued path toCollapse ???

[pjm1162] 01/12/2016 11:39

Next stop 120 then 90 imo

[nash81] 01/12/2016 00:50

wow, just saw late trade today on JLP.

worth near GBP 200,000

huge buy!

another platinum player worth watching!

[glenkaz] 30/11/2016 22:56

I don't do shares any more 😃 But for a poster shorting and bragging!! You are pure s/um!!!!!!! May you foooooking burn! You c/nts!

[elvisrocks] 30/11/2016 18:08

Yes, I would agree - they made $109m EBITDA Profit this year (up from $21m), $7m Operating Profit (up from $134m Operating Loss last year) but they still had another $329m Special Costs to take off this year, so Yes, I would agree now they must be making a loss and don't have the weak XR to fall back on.

[mikemaxm] 30/11/2016 17:17

Yes, it depends on how much capex they will spend next year. But since all this year price of Pt was higher in Rand and they only made 7 mln its safe to assume that they are losing money at current price.

[elvisrocks] 30/11/2016 14:35

Ok thanks, so at "your 12,091 Price" - "Ben's 11,950 Costs", Lonmin at pretty much at "break even" at the operating "EBITDA" level but that depends how much Capx they are incorporating into their units costs, costs could go higher to 11,300 and before all other costs like depreciation etc are taken off which are about $100m per annum?

[mikemaxm] 30/11/2016 14:28

Dont forget that when Ben talks about costs of production per oz he talks about cost including Palladium and Rhodium which are cheaper than platinum. Lonmin sell PGM mix right now at about 12091 rand.

[elvisrocks] 30/11/2016 14:17

I think this is correct here what mikemaxm is saying and also how things have moved on from last year - if the current Pt price in Rands in 12,815, last year Ben was saying costs would be 10,400 (now 10,800 could go to 11,300) plus an allowance of 900 for Capx. So taking the midpoint of 10,800-11,300 (11,050) + 900 for Capx makes an "profit" of 12,815-11,950 or about R1,000 "profit" per oz BUT with Capx starved and also subject to a straonger Rand v USD. Not good news all round, thus can see why everyone is selling.

[mikemaxm] 30/11/2016 14:07

"""10% lower than a week ago when platinum was even lower than today's price I meant, so it's not all down to platinum""" Yes its down to people, smarter people sold last week, less bright are selling now.

[mikemaxm] 30/11/2016 14:05

When in January of 2016 the price of Pt was 820$ the exhange rate was 1:16,8 so in rand it was 13 776. Since then wage increased 7,5% and tariffs for electricity went up but the price of Pt in Rand went down 7% from the start of the year to 12815. No wonder the people are selling shares. The company is lossmaking at current price of Pt.

[mikemaxm] 30/11/2016 13:55

The price of PT in Rand a week ago went under 13000 the lowest point since jan 2016. Right now it is 12815 with no good news for Pt in foreseeable future. So when the price went under 13000 a week ago the selling of shares started.

[pjm1162] 30/11/2016 13:46

10% lower than a week ago when platinum was even lower than today's price I meant, so it's not all down to platinum