Lonmin Share Discussion Threads

[kulvinder] 03/7/2017 12:02

Can't believe, just will not push past 69p, when and if it does it will fly!!!

[pjm1162] 03/7/2017 09:47

And it's a dog

[ukgeorge] 03/7/2017 09:41

because its going bust....

[mj19] 03/7/2017 09:15

Why can't this hold a gain!!! Annoying me

[technowiz] 02/7/2017 19:45

shorts decreasing over the last week. close short pjm quick! on second thoughts don't..burn baby burn 🔥 😋

[dealy] 02/7/2017 17:15

14% short position on a stock where 80% of the shares are in stable hands. Any positive news and there will be a huge short squeeze.

[dealy] 02/7/2017 17:14

The company has not burned any cash since raising 400m USD in December 2015

[technowiz] 02/7/2017 14:26

Metal miner Lonmin pushed higher on Friday after it was boosted by an upgrade to ‘neutral’; by Goldman Sachs.
Lonmin’s rating was raised from ‘sell’ as Goldman believes the company to be over its recent underperformance. The bank left its 12-month price target on the stock unchanged at 60p.
GS suggested the company's recent underperformance was now likely to subside, despite consistent challenges relating to its balance sheet. Analysts said it would be difficult for Lonmin to cut costs but firmer metal prices could drive it higher.
“It has limited levers to cut costs, in our view, given opposition around retrenchments, both from the union and the government. As such, without the market for PGMs moving into deficit we expect that Lonmin will continue to burn cash,” analysts said.

[technowiz] 30/6/2017 23:16

Alarm bells are ringing for those holding short positions. We are on the verge of telling an end to the bearish phase in the market and acknowledge the ascendancy of the bulls.

close short pjm 🔥

[carbon man] 30/6/2017 11:47

I am a holder pre rights and added some today, probably unwisely.

A few times this week, I have seen 4 shares only go through, on other boards, I have seen 1 or 2 shares reported. Some BB's seem to feel that this is a Code between players of certain stocks. It appears to me to me nothing, but am I wrong?

[careful] 30/6/2017 10:17

Interesting call from GS.
never a fan, but they are in the know and pull the strings.
Could this mean corporate action with them acting as dealmakers..huge fees to boot.
or am I getting carried away having studied their cunning actions over many years.
they were even complicit with their highly leveraged investment trusts in the crash of 1929.

the trick with GS is to work out their angle.

[kulvinder] 30/6/2017 09:21

Mood changing slowly, hope to see some upward movement into 70's.

[mj19] 30/6/2017 07:42

Goldman sachs upgrade to neutral from sell this morning

[mj19] 29/6/2017 22:22

Sure I am long and was just sharing the article I hadn't seen. Good luck all

[ayesha4] 29/6/2017 18:56

I bought KAZ at 1.51. All doom and gloom. Could have waited for a lower entry. £5 was a great reward. Same here.

[kulvinder] 29/6/2017 18:54

When these sort of articles start to come out, it normally means they are about to unwind their short and the bet goes in the opposite direction. No advise intended.

[ayesha4] 29/6/2017 18:49

This is 2 days old. Everyone is aware. Thanks for your concern.

[mj19] 29/6/2017 18:41

Be careful guysShorts Pile Into Cash-Strapped Lonmin as Platinum FloundersBy Kevin Crowley27 June 2017, 00:00 BST27 June 2017, 12:02 BSTShort interest rises to highest since 2015 rights issueLonmin is the 7th-most-shorted on the FTSE All-Share IndexThe last time there was so much short-selling on Lonmin Plc, the platinum miner was weeks away from a life-saving rights issue.At 14 percent of the total outstanding shares, Lonmin is the seventh-most-shorted stock on the 645-member FTSE All-Share Index, according to data compiled by Markit. That figure has doubled since May 11, as the stock dropped 43 percent.Lonmin is the most cash-strapped of the world's three largest platinum miners and its higher costs make the company heavily exposed to moves in the price of the metal, which has dropped by almost half in the past six years. While Lonmin has cut workers, production and costs in South Africa, it hasn't been enough to offset the effects of cheaper platinum, and social unrest around the company's operations has compounded the struggle."It's an easy short," said Peter Mallin-Jones, a London-based analyst at Peel Hunt LLP with a sell rating on the stock. "They're in this horrible position where they're waiting for the price to rescue them."Short sellers borrow shares in order to sell them and buy them back at a lower price, profiting from the difference as long as the stock declines.Lonmin's big challenge is that it relies on deep, labor-intensive shafts near Marikana, a settlement surrounded by shanties west of Pretoria, the capital. By comparison, Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd. have the benefit of some lower-cost, mechanized mines.Read: Mining's Biggest Loser Lonmin Is Burning Cash to Stay AlivePlatinum climbed 0.4 percent to $922.05 an ounce at 12 p.m. in London, adding to this year's 2.1 percent gain. The metal has tumbled 45 percent in the past six years.Lonmin had access to $447 million in cash reserves and debt facilities as of March 31 and Chief Executive Officer Ben Magara says the company is positioned to break even at current platinum prices. A third-party-funded project to extract platinum residues from waste material is expected to add low-cost output and the company has also bought access to neighboring mines to lower underground development expenses.The company raised $407 million in a rights issue in 2015, the third in six years, which reduced its debt burden and bought time to weather lower platinum prices. However, production problems at its biggest shaft this year squeezed cash flow and the company has drawn $154 million from its debt facilities, which expire in May 2020. Analysts at Investec Plc, BMO Capital Markets Ltd., and Peel Hunt have said Lonmin may have to tap shareholders before then, making the stock ripe for bets that it will fall."The only way to stop the short selling is to come out with a plan that effectively says, 'at these prices we won't need an emergency rights issue,'" Mallin-Jones said. "But that will require some hard decisions over cutting a significant portion of production and jobs."

[pjm1162] 29/6/2017 10:10

My last tip GENL short @ 91 Hit 81 now 83 My 2k a point now up 16 grand Pocket money for me I hope some of you followed me. I have another short tip just in ????If you would like this tip you must ask me very nicely for it It's gonna be a big winner

[pjm1162] 29/6/2017 09:23

Look fellas and ladies I am a pro Remember that Shorts will not let this get passed 70 I know this 53p Target price I never lose in the end Never Inside track Woof woof

[technowiz] 29/6/2017 00:13

only shorters grip here is pjm's at 69. in his dreams haha 😋

close short pj. once 69.5p 20DMA goes its gap up all the way to 89p!!

[kulvinder] 28/6/2017 11:42

Still appears that the shorter's grip is still there, they will not let it rise into the 70's - every time there is a hint of it they bring it down. Need to get out the 60'e and into the 70's.

[technowiz] 27/6/2017 20:34

well done all. really good to see a couple of blue days back-to-back. my 1st top up at 62.9375p looking a smart buy now.



all the bad news in the open. share price often rise when thats the case.. close short pjm. don't be a looser all your life. join us and go long 🍷

[ayesha4] 27/6/2017 18:43

Vermin alert. Vermin called it wrong today.

[pjm1162] 27/6/2017 17:35

Ohhh it's a blue day Well done you longs