Lonmin Share Discussion Threads

[careful] 03/11/2017 22:42

60% of lmi costa are labour related.
employees + contractors.

The wage bill must be reduced significantly.

[careful] 03/11/2017 21:59

interesting to see the weekend press.
things look grim.

[bullet ant] 03/11/2017 21:43

THAT'S WHY MY FRIENDS, E-MATES

RIDE THE WAVE.

READ ABOUT DELTA HEDGING THIS WEEKEND.

AND YOU SHOULD UNDERSTAND WHY THIS PIG IS FINISHED.

BA
STEALING IS GOOD

[elvisrocks] 03/11/2017 21:22

dealy, you are swinging from side to side like a drunk on his way home after a big night out. Let's get real the bankers now own Lonmin. The covenant is considered breached. They are the ones Lonmin has to negotiate with as they are the ones who can now pull the facilities. To do this Lonmin may not have to sell parts of its assets, maybe introduce JV partners who will want some of the equity all to also get new debt capital into Lonmin. That will not come cheap. There is no room for a 4th RI, so the bankers can now hold, and will hold Lonmin to ransom to keep providing it with its facilities. Either that, or get rid of some of its precious assets. Lonmin are not going to get top $ for them either as they know what desparate position Lonmin are in. I think they call it a 'fire-sale'.

[dealy] 03/11/2017 20:32

Looking at different comments from analysts etc it looks like the future profitability is the main concern rather than the tangible asset covenance. Was that really more evident in today's rns than already assumed?

[joe king1] 03/11/2017 20:09

bullet ant.....what happened to your Mad Robot handle ?

[joe king1] 03/11/2017 20:08

Busted flush coming to LMI.

SELL

[careful] 03/11/2017 19:16

Interesting to see how this pans out now.
Profit will be minimal.
Cash flow slightly positive.

Are they shaping up for another cash call?
it will be the fourth in recent years.

They cannot seem to take the drastic action required.
The head count is still too high and the wages and benefits seem too expensive for LMI to bear.
lmi are also expected to contribute to the community housing projects.

Shareholders are the least priority, buy thank goodness the Union have a big shareholding.

[bullet ant] 03/11/2017 17:07

OK EVERYONE HAVE A GREAT WEEKEND.

I KNOW WE ALL GOT ANGRY FOR SOME REASONS, ESPECIALLY WHEN MANY ARE LOSING. IT'S OK. NOTHING IS PERSONAL.

WE BEEN PRESSING THE SELL SELL SELL BUTTON ALL DAY.


BA
STEALING IS GOOD

[bullet ant] 03/11/2017 17:02

FAIR ENUFF CAREFUL

BUT NOT NICE MAKING A STORY THOUGH, AS USING SUCH NARRATIVE MEANT YOU WILL BE DOWN 20% IF YOU DID OPPOSITE WHAT I SAID AT 84P

ANYWAY GOODLUCK EVERYONE.

I AM LOOKING FOR SUB 50P ON MONDAY TO CLOSE.


BA
STEALING IS GOOD

[citytrader66] 03/11/2017 16:59

72p close, sitting above support.

such a shame Pjm was forced to close short and declare bankruptcy. he could have closed today at sub 70p!!

recovery next week! its started already :)

[careful] 03/11/2017 16:59

it is all about instinct, long term.
trust in the force.

[bullet ant] 03/11/2017 16:49

OK CAREFUL

THAT'S NOT CAREFUL BUYING A SHARES THAT CRASHED 31%

MAYBE DO CHANGE YOUR AVATAR TO STOOPID.

BUT I THINK THAT'S ALREADY TAKEN.


I SUPPOSE YOU DID VERY GOOD SO FAR WHEN I SAID SMASH IT AT 84P, WITH THAT KIND OF STUPID MINDSET/LOGIC YOU SHOULD NOT BE GAMBLING.


MAYBE WHEN I SAY BUY @ 72P, YOU WILL BE SELLING TOO. STUPID IS PLENTY ABOUND


BA

STEALING IS GOOF.

[glenkaz] 03/11/2017 16:40

Pjm you’re pure filth 🤡🖕

[careful] 03/11/2017 16:38

just topped up with a few.
my logic is simple.
if you go through life doing the opposite of bullet, you will succeed.

[bullet ant] 03/11/2017 16:21

90P?

GOOD LUCK WITH THAT.

NEXT WEEK MOST PROBABLY SUB 50P.

IT'S A BUSTED FLUSH NOW. ANYWAY GOOD LUCK EVERYONE.

BA
STEALING

[bullet ant] 03/11/2017 16:18

LEO

AGAIN YOU ARE ENTITLED TO HAVE AN OPINION.

BA
STEALING IS GOOD

[leonidas] 03/11/2017 16:16

ha ha ha ha ha you make me laugh in no time they will be back to 90p+ by next friday.

[bullet ant] 03/11/2017 16:15

C'MON 1P UP WHEN IT'S DOWN 24P

69P WAS HIT.

IT'S COMING AGAIN

AND MORE ON MONDAY WHEN IT GOES SUB 60P ON THE WAY TO 34P.


BA
STEALING IS GOOD

[leonidas] 03/11/2017 16:15

You don't know a think about the market and you also act like that with GGP what is wrong with your head????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

[pjm1162] 03/11/2017 16:14

Fund raise at 40p? ??