Lonmin Share Discussion Threads

[dealy] 06/10/2017 08:17

Net cash is what is important for shareholders

[foxy22] 06/10/2017 08:07

Baron you must be telepathic...bens definately blowing the vuvuzela this morning....maybe he can help his long suffering shareholders make up lost ground!!!Looking promising

[redbaron10] 06/10/2017 07:43

Foxy22 i think Big Ben might be blowing his vuvuzela this morning.Guidance exceeded.

[shujja1] 06/10/2017 07:36

£200 million cash and betting expectations

[shujja1] 06/10/2017 07:35

The Gross cash at fiscal year ending 30 September 2017 was approximately $250 million.

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Lonmin expects sales to be slightly above guidance for the financial year 2017 and confirms unit cost and capex guidance.

[dealy] 06/10/2017 07:34

good news this morning. the company has 100m usd of NET cash (generated 14m in the last quarter) yet only 250m usd market cap. so we are only paying 150m usd for the core business. This is very undervalued. world economy booming as well. upside here as well with the pandora deal.

[redbaron10] 05/10/2017 19:06

Good man carbon.Fighting talk.Retrace to 80p here,then back to a quid.Commodity stocks on a role today.Bodes well.

[carbon man] 05/10/2017 17:15

74p no problem, slowly but steady catchee monkey. Just look at the charts, onwards and upwards.

[redbaron10] 05/10/2017 17:15

To be honest the best result tomorrow with US jobs figures is for them to be robust and strengthen the USd.A stronger dollar at the moment is mullering the Zar and 14 isn't far away.A weaker dollar, which is supposedly good for PMs, is definitely helping the gold price but is having no impact at all on the investment value of Platinum.There are so many shorts on the platinum price because of the negativity surrounding diesel that the platinum price is flat on its back.I can't see pgm prices going anywhere much in the short-term so looking at the other side of the equation for Lonmin,lets hope a weakening rand against the dollar reduces production costs,saving Lonmin overhead costs that way.Cash flow and preserving the balance sheet is key going forward.

[kulvinder] 05/10/2017 16:47

Can this break 74p tomorrow or not? Can't believe can't even get back over 80p yet the likes of Kaz and Ved have been flying the last few days. There is still no confidence here that LMI won't surprise again that sends the price down instead the upward movement we keep waiting for.

[redbaron10] 05/10/2017 13:01

patience....tick,tock,tick,tock.Countdown clock running to 13/11.If Q4 production figures are woeful and Lonmin has failed in its cost-cutting then its a lost cause.However,since Ben Moolman's departure and the dreadful Q1 announcement there has been a degree of positivity.Let's hope big Ben can keep Foxy and other shareholders happy for a change.

[jotoha2] 05/10/2017 12:53

Whatever happened to that talk of a takeout from Glencore , company appears far to cheap especially with talk of Plat prices starting a recovery .

[redbaron10] 04/10/2017 17:43

Ivan ridding himself of Glencore's 25% ownership of Lonmin a couple of years back proved a shrewd move.The excuse was that commodity trading in pgms was not a Glencore priority as they had no history or expertise in this area.He put two Glencore operatives on Lonmin's board,but i get the impression that despite putting their Lonmin stake up for sale,there weren't going to be many takers!!!.In the end the Lonmin portion was given to existing Glencore shareholders to do with what they wanted.Guess what? Most sold asap.Ben can blow his vuvuzela as much as he likes, but there are circumstances beyond his control now regarding Lonmin's viability.There is an existential crisis unless Platinum prices and demand returns.As i've indicated before,this is a lesson learned without getting badly burned.Apparently employment costs in the PGM industry accounted for approx.47% of industry's revenue in 2016.That isn't healthy.Unless productivity increases big time to lower this percentage then there is no hope.To increase productivity in the short term will require some retrenchment in the form of job losses.With S.Africa national elections in 2018 with the ANC in electoral jeopardy,no miners are going to be laid off.I'm still in here because of the amount of time spent on this investment.I'm curious as to the outcome here,i don't expect much profit.Go to and stay in AAL and RRS for that imho.

[foxy22] 04/10/2017 15:44

Red baron ...very funny account of ben and ivan's relationship...Less funny is lonmins shareprice....ben should blow the vuvuzela a bit harder....

[carbon man] 02/10/2017 18:37

ADVFN have invented a 'Time Machine'?

Tonights close gives me a little nudge. The chart is just looking a little more positive, worth considering a purchase now.

[redbaron10] 01/10/2017 16:09

Q4 over.Now a six week wait for full-year results.

[r72] 29/9/2017 11:58

False dawn it seems

[kulvinder] 29/9/2017 11:11

Has this finally woke up or is it another false dawn????

[dealy] 29/9/2017 09:53

Maybe a mini breakout coming

[redbaron10] 27/9/2017 20:20

Now that Pd price has overtaken Pt price,the price action on platinum going forward is going to be very informative.Hopefully the pd price puts a demand floor price under platinum as far as its industrial use in catalytic converters is concerned.Both Pt and Pd are interchangeable in petrol catalytic converters.Platinum's principle use is in diesel cats,but is effective in petrol cars but because Pt is usually more expensive than Pd it is not much used in petrol vehicles.Will this situation now change?

[shujja1] 25/9/2017 23:21

US doller getting stronger against Rand platnum going up can't see 60p if it does will buy more

[jotoha2] 25/9/2017 21:43

Second that , 60p wow ! bring it on , happy to take another 50k

[mrjellyfish] 25/9/2017 21:13

PJM.Thats good.I can top up and make more money when it rises after.