Lonmin Share Discussion Threads

[redbaron10] 13/10/2017 07:58

This is a slow burn.Hopefully with Nov 5th coming it will be a case of light the blue touchpaper and stand well back.China vehicle sales up 5.7% on the month of September from 2016.That stokes demand for pgms.

[simon_64] 12/10/2017 12:18

Just need volume.

[kulvinder] 12/10/2017 12:12

Not long now me thinks before they let this fly, as some after coming out of KAZ & VED will be looking to put their money here for the ride up....

[simon_64] 12/10/2017 11:48

Don’t forget the rhodium and iridium all flying.

[abryer] 12/10/2017 11:44

Palladium which accounted for 18% of Lonmin revenue last year doing nicely.

[ayesha4] 11/10/2017 20:20

Its creeping up slowly but surely

[abryer] 11/10/2017 11:04

The China 5 emission control standard which applies to new Diesel cars from January 2018 and the China 6 standard which comes into force July 2020 means more platinum.

[kulvinder] 11/10/2017 10:51

Patience of Saint comes to mind - when it comes to waiting to see if this will ever rise.

[simon_64] 10/10/2017 14:20

Took the words out of mouth careful both bloody rocketing now, let’s hope it is sustainable this time.

[careful] 10/10/2017 13:05

plat up $14.7 to $937/oz this morning.
pall up $4.8.

[redbaron10] 10/10/2017 12:35

Thanks people for the contributions.This is a forum for ideas and discussion....all valuable and well constructed arguments.Things looking up.Please let's keep it this way.Everyone's opinion deserves respect,just disagree politely if you want to.Most of us are aware of AI (artificial intelligence),bit tired of reading from posters with NoI (no intelligence).

[carbon man] 10/10/2017 12:07

FYI

From Br. Bulls, indicating a bearish pattern emerging. Let them drift back to 70 and I will buy them again. But that is wishful thinking. DYor

[simon_64] 10/10/2017 12:02

124

Good call there seem to be about half a dozen or so hedge funds with around 0.5 or just below manipulating the share price so it would seem that about 3% of the companies shares are shorted easy peasyfor them to keep the share price low LMI just have to convince them they are fighting a lost cause let’s hope November release will do that. I am adding when I can at these prices as am looking at a bagger minimum in the next few weeks.

[r72] 10/10/2017 11:52

Thanks both - very helpful.

[124asd] 10/10/2017 11:47

The hedge funds have been keeping the share price down. They were hoping for Lonmin to go into liquidation or at the very least go to the market for yet another rights issue. Big Ben has managed to keep costs down in a low ppm price environment, has implemented potential asset sales and the sale of excess processing through its smelters and refineries. The last update is very encouraging as banks have given the nod for the Pandora acquisition and have waived the banking covenants in the short term. This has bought Big Ben valuable time. If the Platinum price rises in the coming months the hedge funds will scramble out. Do not be fooled by the amount of shorts that are reported as they only have to report publicly positions over 0.5%. The market cap of £225m suggests that the market believes Lonmin will fail. In my personal opinion I think they are wrong and Lonmin will recover but do your own research. I hopes this helps r72.

[elvisrocks] 10/10/2017 11:27

Very easy r72. It's not just the Pt price but the relatively weaker dollar against the relatively stronger Rand. They go hand in hand. That plus Lonmin are frightened they breach their bank covenants at Sept 2017- which are based on production, Pt and XR predictions - so they asked for a 6 month waiver whilst they do, and agree, new business plans with the bankers. Lonmin is highly geared to all these statistics and if they go under water, bang, the company gets handed over to the bankers. They are walking the infamous tightrope, the spark in the share price last week was they agreed the terms of a six month waiver, now they have to deliver a new business plan for a longer term waiver. Simple.

[r72] 10/10/2017 10:04

Can someone please explain to someone relatively new to this what's keeping this share price down? There's been a favourable update, platinum price is up, significantly more buying than selling today and the number of short positions appear to be low.

[dealy] 10/10/2017 09:39

So disappointed by the reaction here. There is just simply no demand for small cap stocks at present in this ETF world

[redbaron10] 10/10/2017 09:09

7.36 million vehicles sold worldwide in August,a 4.1% rise from a year ago.All useful trends to help Pt/Pd prices.

[sux_2bu] 09/10/2017 17:47

back into the 70's tomorrow.

[kulvinder] 09/10/2017 16:08

Sorry bud just that after since Fridays rise, I was expecting it kick on towards 100p today. GLA

[paul the octopus] 09/10/2017 15:21

KULVINDER, and you are doing it again too, don't let the fear get into you, simply the company had it's mcap in cash, and price is on its knee, NAV is in multiples of debt, news flow positive, so please try to look at it for more than 2 days trade ;)

KULVINDER - 09 Oct 2017 - 13:15 - 14457 of 14458 -
Bastuwards - they done it again - took it up, got everyone excited, including me, then dropped it back!!!