Lonmin Share Discussion Threads

[x54v] 26/10/2017 22:40

"Resource stocks, which earn their revenue in dollars and pay their costs in rand, lifted the bourse due to the weaker rand."

"the platinum index jumped 7.21% as investors opted for resource stocks which will benefit from currency weakness."

[x54v] 26/10/2017 22:32

The weaker rand benefiting platinum miners...

"The JSE reached an all-time high on Thursday, as the weaker rand lifted rand hedges and resource stocks."

"Mining stocks were buoyed as a result of the weaker rand, with platinum miners in particular benefiting."

[x54v] 26/10/2017 16:23

"#LMI +9%.Ave'd up a few more so now the 2nd largest holding in the p/f. #FXPO mk2? Closing at day highs and highest since involved #200DMA+"



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FXPO mk2. Now that would be nice.

[mreasygoing] 26/10/2017 16:20

You'll get it soon. Then we'll see some real fireworks.

[paul the octopus] 26/10/2017 14:19

That was GKP at 100p, please ignoreCome on LMI u can do it today...

[paul the octopus] 26/10/2017 14:16

That's it 100p = £1 paid, so nice...

[paul the octopus] 26/10/2017 14:04

89p to 99p that's a full 10p swing today, nicestill want to see the £1

[lw425] 26/10/2017 13:10

Although a lower Rand is obviously helpful what you don't want is for the currency to plummet as this would stoke massive internal inflation and wage demands/strikes.

[mreasygoing] 26/10/2017 12:27

3 month high. Nice break out.

[foxy22] 26/10/2017 12:08

Yippee...come on rand go to pot1.00 here we come

[x54v] 26/10/2017 11:42

"#LMI Over 10% on the SA JSE exchange presently. Roll on the much bigger move here #Lonmin"



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Baron Day knows his onions.

[redbaron10] 26/10/2017 11:27

Come on £1

[x54v] 26/10/2017 11:26

Looking strong here.

Nice breakout in play.

[redbaron10] 26/10/2017 09:55

Spot on doctor.Let's hope it stays weak around 14/$.1000 redundancies announced so what is the union reaction going to be?

[drmaccers] 25/10/2017 22:03

ZAR falling off a cliff here. Brilliant

[redbaron10] 24/10/2017 08:51

patience is the key here....there's no indication Q4 and finals on 13/11 are going to differ much from what has already been declared.All speculation and investors keep saying the palladium price is in a bubble and will drop,but what is going to cause the palladium price to collapse?.The metal is in a supply deficit and global demand is growing for it.The pd price should create a strong support level for platinum prices.If only the investment demand for platinum could rise to match gold's precious metal safe haven status,we'd be laughing here now.How can the price difference between gold and platinum be so massive now? Platinum jewellery and investment demand is relatively woeful.

[foxy22] 24/10/2017 00:24

Agreed will we hit one quid this week

[drmaccers] 23/10/2017 20:02

Looking bloody brilliant

[shujja] 20/10/2017 13:29

The Rand is getting hammered this morning. Apparently on rumours that Cyril Ramaphosa is about to be replaced as Deuty President. He�s a candidate in the ANC leadership elections in December and not Mr. Zuma�s favourite. Also, the left-wing Finance Minister is announcing his fist Budget on Wednesday next week. This could be the start of a sustained fall in the Rand. I�m no chartist but the platinum price support looks pretty solid just 3-4% below current l

[onedb1] 20/10/2017 12:05

Higher highs and higher lows. The uptrend since bottoming is quite clear . Staying long is my opinion here of the right thing to be .

[abryer] 17/10/2017 08:30

I was expecting yesterday's gains to be taken back at the open. Onwards and upwards.

[careful] 16/10/2017 14:17

plat 945 pall 1002 $/oz.
we could be close rerating if next statement is ok.

[dealy] 16/10/2017 08:28

Palladium above 1000. No volume here