Lonmin Share Discussion Threads

[foxy22] 15/10/2018 08:22

Big jump just noticedwhy

[foxy22] 15/10/2018 08:20

Jotoha read noticeboard on Cake...pretty horrific financial lapses and fraud

[foxy22] 15/10/2018 08:17

Redbaron you put the story of lmi very well.It is often the time and energy expended on these losing investments that is the most frustrating.But with Sibanye lmi has a better chance no doubt.

[redbaron10] 13/10/2018 17:42

Green shoots? Is Lonmin doing a Lazarus? Let's just keep our fingers crossed the Sibanye deal completes.Thankfully i've always had a AAL hedge against this investment,but the amount of time i've wasted on this commodity play has meant it will live long in my investment memory.Every investor has his losers,but the geopolitical backdrop,the demise of diesel cars,the legacy issues,the continual drip feeding of negative newsfeed around this company, means that i can't wait for it to tie up with Sibanye.I appreciate the large debt pile this company has already,but it will have more success in future pay negotiations with the mining unions imho and there is a dose of realism now that Ramaphosa has replaced Zuma.Patience is the name of the game investing in gold and pm.

[foxy22] 12/10/2018 14:25

Xstrata glencore couldnt get rid of it fast enough

[foxy22] 12/10/2018 14:24

Im also sure re lonmin tiny rowland would turn in his grave to see where lonmin is now

[foxy22] 12/10/2018 14:21

Yes of course pattiserie valerie saga Always thought the original pattiserie inSoho was a bit dodgy ie mafiosi

[jotoha2] 12/10/2018 13:54

Cake is the epic ref for Patisserie holdings , where Luke Johnson is the chairman , the Financial Director has just been arrested for fraud , take a look at the BB cake , dreadfull goings on.

[foxy22] 12/10/2018 13:23

What is Cake

[foxy22] 12/10/2018 13:22

Well jotoha i am sure i am not the only one....marikana and labour issuesAnd money burning all contributed to the demise of a previously billion dollar co

[jotoha2] 12/10/2018 13:05

Sorry to hear that Foxy , at least you are not in CAKE , feel sorry for the many who have been taken for a ride there , the markets are not what they used to be , gone are the days when your word was your bond , hope you recover something meaningfull here in the end.

[foxy22] 12/10/2018 12:48

Bouleversee I fully understand the potental value of platinum but the mismangement and sorry story of lonmin is hard to grasp.I have lost over a hundred thousand pounds on paper in lonmin and also took up rights issueBy the way I am a middleaged male!!!

[jotoha2] 12/10/2018 12:02

There is a lot of debate about how the car industry moves forward with new power sources , one of those is Fuel cell technology and the catalyst is Platinum using Hydrogen fuel stacks , these can also be used in other applications , Johnson Mathey are very much involved in developing this market , and all the major vehicle manufacturers are also developing system , at the moment the city analyst are undecided , but the driver will be the motor industry itself.

[bouleversee] 12/10/2018 11:19

Could you please explain to this elderly lady who doesn't know much about the workings of cars why the increase in electric cars will benefit platinum producers. I thought platinum was used in catalytic converters in diesel cars and had assumed that their decline would be bad news for platinum producers. What is its function in elec. cars that will more than compensate?

I lost my entire original investment in LMI which I have held for many years and am losing a large percentage of the rights issue cost so while it's nice to see an uptick am not exactly rejoicing or over optimistic of doing more than recovering the rights cost.

[foxy22] 12/10/2018 11:03

On jse lonmin only up 1%Why. Currency??

[foxy22] 12/10/2018 10:55

U may be right

[foxy22] 12/10/2018 10:54

U really believe in a turnaround in platinum it has been a dog for so long.Lmi going up aggressively today!!!

[jotoha2] 12/10/2018 10:51

Foxy , am long both companies , if we are in for a downturn in the markets at some stage , then Sibanye gold will have it's day and probably other metals as well.

[foxy22] 12/10/2018 10:31

Maybe a way to play this is to open a sibanye position alongside existing lmi holding whatever is left of it?!

[foxy22] 12/10/2018 10:30

Ok out of interest does cyril ramaphosa still have a huge stake in lonminAnd the idc development bank and gvt pension fund has a big stake

[jotoha2] 12/10/2018 10:03

Foxy , Lonmin have been a one trick pony , under Sibanye they will have financial protection , which as a stand alone company they have lost over the years through poor management of the assets , a clean start should energise the whole workforce for the benefit of all concerned , lets hope so anyway , major holders will not vote against it , thats for sure. The other positive is that the sibanye share price is at a low point so lots of scope for a masssive upturn in time.

[foxy22] 12/10/2018 09:41

Sorry didnt see your last post i think u are answering the questionWouldnt it be better for lmi to have remained independant

[foxy22] 12/10/2018 09:39

JotohaOne question in your view are we getting a good deal or not and if platinum price and sibanye were to recover could we see decent returnsAlso what likelihood of deal being rejected by lmi and sibanye shareholders?

[jotoha2] 12/10/2018 09:39

Exactly , I belief the market for PGM is going to take a massive upturn in the coming years , princibly through the increase in electric vehicles , so this sector will boom , Mr Fronnemann is ahead of the game !!

[foxy22] 12/10/2018 09:32

He bought stillwater in us big bet on platinum