Lonmin Share Discussion Threads

[umitw] 25/7/2017 08:38

No volume today!

[dealy] 25/7/2017 07:30

No broker upgrades since the last excellent trading update. Arrogant pups that work for the banks would have to admit that they are clueless

[seconduser] 24/7/2017 21:17

EmegoCharts called the drop to 85p (wave 2) and is now saying wave 3 up to 122p. Good luck all.

twitter.com/EmergoCharts/with_replies

[blueball] 24/7/2017 20:01

stay long guys.

[mrjellyfish] 24/7/2017 15:54

This will rise.hardly a major drop.Upwards and onwards to all decent holders!

[pjm1162] 24/7/2017 15:22

Told ya the pros will push this back into 80's 85 hit earlier

[blueball] 24/7/2017 12:10

85p is a good price to pay.

[glenkaz] 23/7/2017 17:46

As I said 96p easy! IMO may break £1 tomorrow gla!

[sux_2bu] 22/7/2017 19:49

With RSI high, I'm looking for a bounce from support about 10p lower, however, Mac-D is now poking it's head into +VE, (the latter is usually a better signal overall.)

[jacktrax] 22/7/2017 19:44

Lonmin 2.95 percent short, nothing like the 11 percent mentioned.

[glenkaz] 22/7/2017 16:42

He obviously buys 🍷🍷from lidles 😋 96p Monday IMO!

[sux_2bu] 22/7/2017 16:33

Paul Gait, analyst at Bernstein, warned: “I don’t think Lonmin as a company will exist in a year’s time. It’s hard to see why the correct response to an oversupply in the platinum market is a desire to expand production.”


www.telegraph.co.uk/business/2017/07/01/fears-grow-lonmin-platinum-miners-struggle/

[sux_2bu] 22/7/2017 16:31

There are analysts on news feeds saying LMI not be around in 1 years time.

[glenkaz] 22/7/2017 16:28

Hey sux stop buying tea from liddles! They are not telling you the right thing! Have some pj tips☕️🤗 There ya go! Leaves read 96p Monday! 😋

[sux_2bu] 22/7/2017 14:06

Had another look at the tea leaves. It's a buy at around 81p.

[kulvinder] 22/7/2017 10:55

PJM lets remind ourselves, the results announced as recent as 17th July 2017;

"-- The mining performance improvement since March 2017 has been sustained into Q3 2017. Total tonnes mined increased by 3.8% to 2.7 million tonnes compared with Q3 2016, up 13.2% on Q2 2017.
-- Tonnes mined from our Generation 2 shafts, which generate 84% of our production, increased by 9.0% to 2.2 million tonnes compared with the prior year period and increased by 18.6% against Q2 2017.
-- Concentrator recoveries continue to be excellent at 86.8%.
-- Sales of 180,348 Platinum ounces increased by 10.8% on prior year period. We are maintaining our full-year sales guidance of 650,000 ounces to 680,000 ounces.
-- Average Rand full basket price down 3.0% on the prior year period, at R11,506 per PGM ounce.
-- As a result of the much improved mining performance, unit costs reduced by 4.7% quarter-on-quarter to R11,278 per PGM ounce (6E basis), and increased 6.4% year-on-year, slightly above inflation.
-- We were at the lower end of the revised unit cost guidance of between R11,300 and R11,800 per PGM ounce.
-- Gross cash improved to $236 million at 30 June 2017 from $225 million as at the end of the second quarter.
-- Net Cash improved to $86 million (gross cash of $236 million less the drawn term loan of $150 million) at 30 June, up from $75 million (gross cash of $225 million less the drawn term loan of $150 million) at the end of the second quarter."


The only way this is going if plat prices moves north, IS UP kidda, with a little bit of slight movement up, down and sideways in between.....but lets not forget the poor guys who lost heir lives trying to make money for us....

[glenkaz] 22/7/2017 10:19

Plat moving up so snook back in 90.5 👌🏼

[glenkaz] 21/7/2017 19:18

Yawn Pjm! It's consolidating ready for move back up! IMO!

[mrjellyfish] 21/7/2017 13:55

Drop dead Wa*ker!

[pjm1162] 21/7/2017 13:44

Get out quick.The run is over. Huge shorts will bring this dog back in the eighties. Love itYou were warned

[umitw] 21/7/2017 11:26

Consolidation comes to mind! It will go up after 2.30 pm!

[glenkaz] 21/7/2017 10:39

Yep sold at 94p £2k prof! Saw no one wanted to play! Made £7k this week still owes me £80k here ffs! Trading for me now only when do I get back in 🤔 Ambition to get it all back here! I don't short as I disagree with it! I'll be back! Gla! 👍🏻

[seconduser] 21/7/2017 09:38

Platinum at 931 and everyone seems to have lost interest in Lonmin. All over it a day or so ago when platinum was falling. Strange days.

[glenkaz] 21/7/2017 08:06

Keep going squeeeeeeze them out let's breakout! Gla! Boooom boooom! 🤒👌🏼