Lonmin Share Discussion Threads

[mikemaxm] 15/12/2016 13:04

Well Sibanye opted to pay more than 2 bln USD for Stillwater than to buy Lonmin at this supposedly low market cap. They know that Lonmin can't generate cash other than through RI.

[careful] 15/12/2016 10:33

lmi must be struggling to break even at todays platinum price.
but there is an exchange rate advantages. PMG prices are only down when quoted US dollars.

Net debt is very low and net assets are £1.2bn.
A market cap of only £390m is low.
PMG prices may improve.

[cudmore] 14/12/2016 10:05

Pjm still talking to himself :)

[pjm1162] 14/12/2016 09:46

Bounced again from 136 but not to the usual 142/3, that's getting harder now so only to the 140, it's a steady drip down, I expect it to play in the 133 - 138 areas sometime this week....just my thoughts

[pjm1162] 14/12/2016 08:42

Just hit another new 5 month low of 135.5, hardly surprising is it, wages increase, loss of mining license, higher costs of accomodation for workers, 15-20% increase in fuel due to opec recent decision, no miner is profitable at current pt prices inc lmi.....list goes on, best advice is to SELL all your shares before it hits 65p the more recent broker prediction forecast.....open a spread betting acct and short to pants of it like the professional traders are doing, inc me....

[pjm1162] 14/12/2016 07:48

Lets see how depressing the share price will look today shall we

[mrjellyfish] 14/12/2016 07:28

p j m .just fu/ck and die tw/at

[pjm1162] 13/12/2016 22:03

Thanks cudmore but I will stay with the easiest short in town lmi for now...can't wait for the next qtr results, then the investors will wish they bailed a lot earlier

[cudmore] 13/12/2016 16:17

JKX on the move. News looming there. Worth a punt IMHO.

[pjm1162] 13/12/2016 10:34

They will be spending cash like no tomorrow, not profitable at current pt prices, plus cost of fuel gone up 15 % recently

[careful] 13/12/2016 09:51

Market cap not much above the cash raised at the rights issue.

[pjm1162] 13/12/2016 08:49

135.75, ouchhh, I think that's a good 5 month low right there.....come on the longs, please tell me why I should buy this dog...

[pjm1162] 13/12/2016 08:45

Yep 137 like I said, I see no signs of another bounce as yet....surely 120's this week, has to be !!!!

[pjm1162] 13/12/2016 07:30

Another dip into the 137 area imo, it won't keep bouncing back to 142/146 area, soon it will have to go into the 120 area, maybe this week, completely overvalued this is, even more so with a possible mining license suspention or even removal, that's what happens in these countries, more brown envelopes needed, money which lonmin don't have....how anyone could buy this stock is beyond me, it's a huge SELL

[elvisrocks] 12/12/2016 08:54

I think this may have something to do with the likely price action .... er hello threat of suspending the mining licence ...

[pjm1162] 12/12/2016 07:31

Ps, I have called the short since 220p area, I wouldn't dismiss my comments as I am obviously doing something right here, sub 100p is very very likely

[pjm1162] 12/12/2016 07:28

Db cut their tp from 110 to 65p on the 06 Dec, says it all really, I think 130's again today after that bull trap to 152, it was pretty obvious to call but some are extremely blinkered on here, Gl the longs, you will definitely need it, see you at the 120 and sub 100p party, easiest short ever.....

[harry_david] 08/12/2016 17:58

There is a lot to like about this share right now. Metal demand is running ahead of natural supply, and no less than Standard Life is now buying.The metal price is looking like it is establishing a base and moving when other precious metals are caught in the interest rate trap.I note that speculators appear to be attacking both the metal price and the shares at the same time, great whilst it lasts but unless you are small time it leaves you open to a squeeze. We could see the metal price rise $50 in a day, now that would be interesting.

[pjm1162] 08/12/2016 11:16

Rns out, holdings.....suckers rally?? Bull trap imo, time to short again perhaps

[gavinbell] 07/12/2016 15:05

have JLP as part of your portfolio. LMI is doing deal with JLP on toll tailing. that is a starting point. once JLP licence is approved for much larger plat mine with NPV project $2bn, LMI may participate as JV partner. it will be huge boast to JLP considering JLP mcap only 30m.

[pjm1162] 07/12/2016 14:36

But for how long ???

[cudmore] 07/12/2016 14:34

It's blue!!!