Lonmin Share Discussion Threads

[onedb1] 06/9/2017 16:24

Breaking out . Passed the 100sma nicely .

[careful] 06/9/2017 14:19

only joking. black humour, not very funny
boule is right and she should know.
she has held this share for many years.

[kulvinder] 06/9/2017 14:11

Careful how have you calculated that?

[careful] 06/9/2017 13:31

just worked it out.
106.56p after full year result.

[bouleversee] 06/9/2017 12:20

Tear up a piece of paper. Write a different figure on each. Put them in a hat. Pull one out. As good as anybody's guess.

[redbaron10] 06/9/2017 11:53

As a matter of interest would anyone like to predict,or make an educated guess, as to what the share price will be here on 13th November after Q4 production and full year results.Not a lot riding on it,i have to admit,but this share is very difficult to evaluate now.

[redbaron10] 05/9/2017 19:20

Strange that Platinum just can't seem to catch much of a bid as a precious metal and safe-haven investment play.The differential with the gold price just grows ever wider.Historically we are only in a third time period when the pog has exceeded the platinum price.As far as a $340oz price difference between the two metals right now,well that's unprecedented i believe.It's a pity the platinum recycling rates from used catalytic converters are fairly opaque,because investors could gauge the platinum demand picture better.From the platinum price we must assume fairly high recycling rates at present,and higher above ground inventories being sold into the market.Not exactly sustainable for Lonmin prospects long-term,but from a short-term perspective,the more platinum Lonmin can sell into the market for cashflow and company survival reasons,the better i suppose.Better to sell more at a higher price, matching the cost of production,than selling below cost price at a loss.Implats results weren't that clever,it could be a fight for survival now between the big boys.

[kulvinder] 05/9/2017 16:44

Seems all to good me, sooner or later people will wake up to this share's worth. When this opens up it will go like a rocket, just look at the graph last time it was around 50p in 2015

[blueball] 04/9/2017 20:25

Bull kumo break-out tonight.

[kulvinder] 04/9/2017 09:31

Needs to push past 90 - then boom!!!!

[glenkaz] 04/9/2017 07:36

Gla! 🤡✌A039;

[dealy] 01/9/2017 19:49

Just cheked: 25%. Lonmin should make 100m usd in cash flow run rate now

[dealy] 01/9/2017 19:47

How significant is palladium to lmi? It's surging

[dealy] 01/9/2017 19:45

Costs remain constant whilst revenues rise substially. Fair value is about 500m or 150p

[careful] 01/9/2017 19:31

platinum $1010/oz palladium $976/oz right now.

if uptrend continues it could transform the value of LMI.
closed shafts could be reopened and become profitable with new efficiencies.

with a decent tailwind this share could be rerated significantly.

[blueball] 01/9/2017 14:14

Dont worry it will be 100p next week if it finishes blue.

[kulvinder] 01/9/2017 13:47

Can't believe how the price is being held so static when plat is up.

[dealy] 01/9/2017 10:02

Very undervalued. Just lack of interest by institutions

[redbaron10] 01/9/2017 07:26

onedb1 you could be right,data from the commodity futures trading commission apparently shows that gross short positions in platinum have fallen by 21k lots over the past five weeks,whereas bullish calls on palladium continue.There is speculation that the platinum and palladium prices will reach parity by years end.As long as PMs prices keep rising,due to a weakening dollar or not,it will be very welcome.

[onedb1] 31/8/2017 15:54

Lonmin lagging the good move in platinum and palladium ( worth about 25% it's total revenues ) Rand is flat on USd so far . So by default LMI share price is diverging from its precious metals . This quarter has seen a much higher price for its metals, yet not reflected in shareprice. Opportunity me thinks

[redbaron10] 31/8/2017 14:23

AAL and RRS doing the business,put this one down to experience.I've only been in Lonmin post the last RI,just think of the ii s who've ploughed into three of them in the last half a dozen years.South Africa is a dodgy commodity play sadly,the government is very anti foreign investment in its policies.There are a lot more politically and economically stable countries to invest in.My holding is small here as i just have a passing interest into how PMs play out under Trump and a weakening dollar.

[foxy22] 31/8/2017 12:54

Thanks for the comments....unfortunately sad but true....

[redbaron10] 31/8/2017 09:55

Unfortunately that bad Q1 result in January put Lonmin back massively.Ok the company has had to live with a low Platinum price,but the production shortfall and difficult industrial relations apparent in that Q1 release has led to this current price.Investor confidence was in short supply with this company anyway, with its historic legacy issues,and now no one will give Ben or Lmi the benefit of the doubt.Stakeholders over the years have seen shed loads of their goodwill disappear into a money-pit.Production results with improved productivity,cost-cutting and certainly cash-neutral or a small profit is the least requirement here.I'm a bit more optimistic after Q2 and Q3 but anything is to be expected.I'm pleased to note a virtual news blackout,instead of a running commentary we were getting from the company.If there's nothing worthwhile to report,then keep updates to a minimum.

[foxy22] 31/8/2017 08:48

Lmi stuck.....