Lonmin Share Discussion Threads

[kulvinder] 15/9/2017 13:05

I am surprised PJM is not back here shouting his mouth off that he has been shorting this down since the recent 87p. and the 52p target is coming.... but like you RB10 I hope Ben pulls out some rabbits as part of the next results and surprises the market that indeed state, they have been making profit beyond any broker forecasts.

[redbaron10] 15/9/2017 10:24

This share price was 225p Nov2 2016.At the current 75p this share has lost 2/3rds of its value since then.Ok the platinum price hasn't performed this year like other metals,but palladium has performed the best of all.The rand has appreciated 7% against the dollar to offset the pgm basket price average increase,but if Lonmin come in on guidance for pgm ounces produced and sold, and the tailings projects start producing economic ounces then this share price could be cheap.Let's hope Ben plays a blinder and declares Q4 and year end results are brought forward from their declared 13/11 date.That would be a nice surprise for this company for a change.

[careful] 13/9/2017 16:17

off topic, but slightly related.
I wonder how HMG will replace the tax raised from petrol/diesel when electric is introduced.
a huge tax shortfall.

I was wondering if the adverse diesel publicity was an excuse to tax more heavily.
Expect something in Hammond's next budget.

[careful] 13/9/2017 15:21

You are right.
the uk public are the easiest to brainwash and always have been.
this non stop assault on diesel emissions, much of it bogus, has convinced many.

The switch from global warming argument to health issues is smart.
They even tell people how many die as a result of emissions. Just look up out they work that out.
The assumptions are comical.
But it works.

[ukgeorge] 13/9/2017 15:12

VW would say that.


Driving the slump was the UK public’s shunning of diesels; in excess of 8000 fewer diesel cars were registered in August 2017 compared with August 2016; a 21.3% decrease.

hxxps://www.autocar.co.uk/car-news/new-cars/august-uk-diesel-car-registrations-slump-ahead-67-plate-switchover

[careful] 13/9/2017 15:08

VW have said there is a great future for diesel.
Reducing NoX emmission is complex technology.
The future of platinum (palladium for petrol) must be in the balance.

It would seem hybrid will win out.Electric for around town, diesel/petrol on long runs.
Emmissions are less of a problem on a run, owing to higher exhaust temps making present technology more effective.
No charging, the engine will charge battery packs during normal running.

A long way to go, but they will not be sparing in the use of pmg's if that helps achieve objectives.

[careful] 13/9/2017 13:23

they will be working hard to control costs.
should survive with plat price of $1000/oz, prosper at 1100.

[ukgeorge] 13/9/2017 13:18

Here are the facts from May. Perhaps you should read it. One quarter being cash flow positive wow amazing, still the highest cost platinum producer. Good luck you will need it.

Net cash at 31 March improved to $75 million (from $49 million at 31 December 2016), typical of the seasonality of the business, and compared to $114 million at 31 March 2016.

Financial Results
 $98 million of cash consumed for the half-year compared to $74 million during the comparative period, in line with
the normal business cycle

6. Balance Sheet Management
Liquidity at 31 March 2017 was $447 million comprising gross cash of $229 million and undrawn bank facilities of $218 million. After deducting the term loan of $154 million, (including interest) from the gross cash balance, net cash at 31
March 2017 was $75 million, up from $49 million as at 31 December 2016 and compared with net cash of $173 million $114 million at 30 September 2016 and 31 March 2016 respectively.

[dealy] 13/9/2017 12:50

The company has not burned any of the cash and is generating cash. Get your facts straight

[ukgeorge] 13/9/2017 12:29

the rand is the only saving grace for Lonmin, if it breaks lower lonmin survives if not the company fails. Thankfully Zuma is in charge so more likely to fall.

Most of that cash is long gone

These are very risky

[careful] 13/9/2017 12:15

lmi hammered down today.
£220m cap well below rights issue money raised early 2016.
topped up with a few more.

[shujja1] 12/9/2017 15:38

Natural resources taking a breather

[careful] 12/9/2017 15:27

platinum/palladium prices down over the last few days.

[foxy22] 12/9/2017 15:26

Which hedge fund is shorting this co...or hedgefunds...interesting to know

[foxy22] 12/9/2017 15:24

Or trying to...

[foxy22] 12/9/2017 15:24

Yes i agree something smelly here....pr job to make people sell their shares....i must say its pushing me to do it...but i am resisting the urge

[bouleversee] 12/9/2017 15:21

Same thought crossed my mind.

[kulvinder] 12/9/2017 14:58

I think someone knows this will go up - so negative article put out to help their mates, as they wanting to collect everyone's shares by hitting stops.

[foxy22] 12/9/2017 12:18

Somebody buying 216384 shares ...must have wanted them on the cheap

[shujja1] 12/9/2017 12:17

Moving up tho 81p to buy 10k

[foxy22] 12/9/2017 11:57

Yes I agree look at article I agree came out this morning ...very negative on lonmin causing northern rock fall....

[ayesha4] 12/9/2017 11:42

Fall 30%? CoordinTed short if ive ever seen one

[foxy22] 12/9/2017 11:36

Sorry article entitled l on in the top sell call on the jse