Lonmin Share Discussion Threads

[bullet ant] 09/11/2017 11:08

GOOD LUCK LONG AND SHORT, RAT AND EVERYONE ELSE

DECIDED TO CLOSE. I AM OFF FOR A FEW DAYS.

BA
STEALING IS GOOD.

[master splinter aka rat] 09/11/2017 11:02

you mean he has the ability to adjust his position to the new situation/events?

JEEEEZS they think that is bad thing? ? Shares is not like supporting Chelasea all your life, this is not a LMI fan club FFS!!!!

[bu11seye] 09/11/2017 11:00

I have a bought a few for a dabble.

Bet BA will be disappearing now. I know his type. Crash it and short, then buy in quiet on bid side.

[master splinter aka rat] 09/11/2017 10:59

The MM's moan and cry and complain to broker about the rat! The rat says don't worry mr cantor Fitzgerald there are enough dearly's/big johny's in the world to make what you need and more than you pay out to ratty.

[careful] 09/11/2017 10:56

Maybe the odd fact and a little less emotion would help.

The potential covenant breach is not about cash, it is about net assets.
LMI were to make a non cash impairment which would bring the net assets to below $1.1bn.
That is a beach of covenants we are informed.

The management are trying to avoid this, maybe by disposals or other means. Hence the delay to the results.
The uncertainty of this has resulted in investors fearing the worst, a shorters paradise, a one way ticket.

I wonder about that. The company is in better shape than before, and should have a sound future. I take comfort from the fact that SA mining pension funds own over 30% of the shares, purchased for an average price of a little over £1.

This is a risky punt to be sure, but possibly one of those rare high risk opportunities.

[master splinter aka rat] 09/11/2017 10:50

advfn ultimate hard-man Big johnny a little deflated after UKOG stole his invalidity benefit money that he had earmarked for scratchcards!

[master splinter aka rat] 09/11/2017 10:46

Captain condom makes his next investment decision....

[bullet ant] 09/11/2017 10:44

:(

I THINK DEARLY WAS TRYING TO HAVE A SEARCH TOO FOR HIS DINNER.


BA
STEALING IS GOODD

[master splinter aka rat] 09/11/2017 10:43

Did you ever make back that £120 you lost on UKOG when you got spooked big johnny???

LOLS

[master splinter aka rat] 09/11/2017 10:42

Anyone planning on rummaging the lidl bins in Rotherham forget it, Bigjohny cleared them out last night!

[master splinter aka rat] 09/11/2017 10:40

captain condom arrives, i am quaking in my little raty boots. such big hitter on these threads!!!!

lmfao

[master splinter aka rat] 09/11/2017 10:39

Net cash is a company's total cash minus total liabilities !!!!!

[dealy] 09/11/2017 10:31

Company has net cash

[careful] 09/11/2017 10:11

hard to understand why merger should be out of the question.
With only a few PMG producers, controlling supply wold make sense.
Control supply the way De beers controlled diamonds and OPEC used to control oil.

It could happen and probably will.
..and the takeout price for LMI would be a multiple of todays price.

[master splinter aka rat] 09/11/2017 10:00

Dearly-WTF is that all about? The most immature ridiculous on LMI for a long time. Obviously you have no knoladge of this sector at all. Cringe-worthy post!

dealy
9 Nov '17 - 09:46 - 14865 of 14866 0 0
All it takes is one merger, then stop the most difficult 5% of mining and the industry will be highly profitable

[careful] 09/11/2017 09:59

palladium up again today at $1018/oz.

Yesterdays EU 'aggressive' CO2 targets by 2030 has upset car manufacturers.
But it will significant increase demand for palladium for petrol engines.

Many people assume that the electric only car is a non starter because of battery charging demands.
Hybrid possibly, with some electric and a proper engine for serious motoring.

LMI has valuable assets going forward, just hoping that we current owners will keep them.

[pjm1162] 09/11/2017 09:57

64 Luv lmi Really do.Shorters never lose Yippee

[dealy] 09/11/2017 09:46

All it takes is one merger, then stop the most difficult 5% of mining and the industry will be highly profitable