Lonmin Share Discussion Threads

[dealy] 03/11/2017 10:29

The tangible asset value test has been known for some time. Why the big surprise?

[glenkaz] 03/11/2017 10:21

Wish I had spare funds now can see a big jump coming! Don’t want to sell ggp! But all in there! 🤡✌A039;

[dealy] 03/11/2017 10:08

There was no new news today about the covenance test. Only new news was that operations are good

[careful] 03/11/2017 10:02

grim here.
a market cap below the cash raised at last rights issue almost 2 years ago.
we are struggling for survival again it seems.
trouble is they can never offload enough staff to rightsize the business.
unions too strong.

[glenkaz] 03/11/2017 09:55

Ayesha F off ya b/tch! 🤡🖕

[bullet ant] 03/11/2017 09:51

NOOBS IT WAS 70P IN OCTOBER


ONCE 70P IS HIT HAMMER IT TO 34P.

BA
STEALING IS GOOD

[glenkaz] 03/11/2017 09:41

Hope you get a huge bounce absolutely overdone 🤡✌A039;

[foxy22] 03/11/2017 09:41

Rbc negative note...lmi underperformHas this spurred on sellers

[bullet ant] 03/11/2017 09:39

I MAY BUY SOME AT 34P

BA
STEALING IS GOOD

[samdb] 03/11/2017 09:39

Silly reaction, I'm in here.

[ayesha4] 03/11/2017 09:39

Glenkaz always buys at the bottom and sells at the top. That too despite the endless mindless ramps. Nob of the highest order.

[jotoha2] 03/11/2017 09:24

Great the way this moves in both direction, secret is to catch it at the right time , would not surprise me to see it back to 70p before the next update!!

[leonidas] 03/11/2017 09:23

well oversold in at 84p.

[glenkaz] 03/11/2017 09:20

Hi mr trader not in and missed most of the rise derr! But sold yesterday! Phew!! Think shorts have something to do with drop! Expect an appearance from pjm nobber 🤡✌A039;

[dealy] 03/11/2017 09:19

Highly likely that the banks will be pleased with progress and relax slightly the excessive covenance

[davidlloyd] 03/11/2017 09:17

Well I think this is complete over reaction and have taken opportunity to add more at 83.72 as LTH
DL

[onedb1] 03/11/2017 09:11

Same !! I am averaged at 70 and was long quite heavily . Feels weird as I just don't get why the market panicked . Goes to show how even after years of trading you get these events . Still believe it's a wrong interpretation of the RNS

[citytrader66] 03/11/2017 09:09

what prices you got in at glenkaz? me i sold last low at 73p. then it went over £1. d'oh!

[glenkaz] 03/11/2017 09:06

I lost thousands here 🤡✌A039;

[onedb1] 03/11/2017 09:02

Exactly and now momentum and stop losses triggered compound the hysteria ! Geez only a month ago we got the waiver , plus good quarter on quarter numbers and cash generation . I was expecting the very opposite today !!!! Just shows that you never know how things get interpreted .

[careful] 03/11/2017 08:56

This was a reassuring production report.
Net cash up, production up, rand price down, no fatalities.

They probable issued the report to calm investors and not to worry them about the delay announcement.
It did not work.

[onedb1] 03/11/2017 08:50

The Pandora JV RNS back in early October showed how banks were happy to consent to a covenant waiver . Since then and during that time cash generation has been improving and production exceeded year end targets . All this operational review delay scare is down to the year end complexity of the issue for lonmin but given the RNS of a month ago and cash generation I don't see this absurd panic at all . If something was materially wrong then Lonmin was never going to get that waiver

[careful] 03/11/2017 08:44

only 4m shares traded out of 282m total.
it falls 17%.
this is vey volatile.
very little selling here.

[tsmith2] 03/11/2017 08:42

Way too much uncertainty