Lonmin Share Discussion Threads

[kirk 6] 14/12/2017 08:32

Could possibly spark of a bidding war

[scoble2] 14/12/2017 08:30

The offer is 86p but why is going down!!!!!

[marmar80] 14/12/2017 08:24

Well, wonder if they thinking about Jubilee. It's a cheap target now.

[umitw] 14/12/2017 08:23

Why is the price going down if the offer is 86.3p?

[dealy] 14/12/2017 07:40

Consolidation is what the industry needs. It will benefit the merged company

[gersemi] 14/12/2017 07:36

That's not for me to say. I'm not the bidder. In a skittish market like this any offer is welcome.

Being a pleb, I see myself as little more than a price-taker. I'll now take the cash and look for value elsewhere

enjoy the profit

[jotoha2] 14/12/2017 07:31

Looks like a done deal , but you never know , may flush out another bidder .

[dealy] 14/12/2017 07:27

Any views on this deal? Is Sibayne undervalued?

[gersemi] 14/12/2017 07:25

dealy

Yes, I saw that. These people know the square root of sweet FA. I do think they fail to see 'embedded value' contained within a business. Sometimes, it's what you can't see that's important

[dealy] 14/12/2017 07:22

And Deutsche Bank put out a 27p target last week. Stupid idiots

[jotoha2] 14/12/2017 07:20

Nice xmas bonus !!

[dealy] 14/12/2017 07:18

I think it says 86p at the current share price of sybane. Lot of upside in holding the combined venture.

[gersemi] 14/12/2017 07:07

edit - yes, sorry it is 86p offer. Nice and thanks

[ch1ck] 13/12/2017 10:19

Nice news today. Great savings which will be reflected in the share price.Lonmin has severely lagged the market but has been deducing debt and has a larger cash pile, although loss making this could turn around.Im in today and can see a move back to 100p quite quickly

[careful] 13/12/2017 08:19

Good to see lonmin taking a long term view.
we could do with a rise in the platinum price. palladium holding up well at $1000/oz+

[dealy] 13/12/2017 07:29

Maybe the completion of this acquisition was a prerequisite to finalising the TNW calculation. Ben's statement was positive this morning. Could be on the recovery path now

[foxy22] 12/12/2017 13:08

7per cent nowXumas out??steinhoff a better short???

[foxy22] 12/12/2017 09:39

Moving up stronglyWhat's the reason

[dealy] 12/12/2017 09:00

Signs of life hopefully

[bouleversee] 11/12/2017 18:57

Over investment so far as I am concerned.

[ltcm1] 11/12/2017 18:19

Lol boule.

Might not be Ben's fault, you can't compare one mine with another. I expect the miners work very hard. The problem could well be long-term under investment.

[bouleversee] 08/12/2017 11:04

I doubt if he reads this, Careful.

[careful] 08/12/2017 09:16

We just want a sensible statement from Ben Magara....like..
'The average price of pmg's is down but we are controlling costs and cap ex.
Palladium price which accounts for 25% of revenue is holding up well.
We are about cash flow neutral and our profit break even point is xxx$/0z.
debt levels are satisfactory and we are preserving cash.'

etc etc.

Just reassure us this business is being run properly and no where near to going bust.
it would be a good Christmas present.

[dealy] 07/12/2017 22:42

5 weeks without news. Where is the update?

[careful] 07/12/2017 18:30

Ben said in the last report 60% of overheads are labour costs.
33,OOO employees compare with RRS a goldmine of similar output, 11,000.


Magara is not able to rightsize this business.
How different to the oil majors who slashed overheads to match the lower oil price.

It is desperate to rely on a surge in platinum price to cover up inefficiencies.