Lonmin Share Discussion Threads

[scoble2] 14/12/2018 08:21

Sibanye-Stillwater is up by 5%. so we will see Lonmin heading to 55p

[scoble2] 13/12/2018 15:19

Sibanye-Stillwater is up by 4.83%. so we will see Lonmin headding to 55p

[scoble2] 13/12/2018 14:26

Sibanye-Stillwater is up by 2.69%. so we will see Lonmin headding to 50p

[luckymouse] 12/12/2018 14:13

Expanded view of the base - definitely sniffing a B/O on the deal - 23% & 50% are the main fib reversion targets

[joecase] 06/12/2018 14:13

Can anyone confirm the deal will be done at 89P for the LMI share?

[avidacre] 30/11/2018 15:32

If / when Sibanye takes over Lonmim, will it difficult to sell Sibanye in the certificate form ?

[dealy] 29/11/2018 10:29

trading at 4 times earnings with price improvements likely in the coming years. Looks very cheap

[spacedust] 23/11/2018 08:33

Next week should be interesting. Results out on 28th November

[dealy] 22/11/2018 14:58

I think there is more value for Lonmin to go it alone

[spacedust] 22/11/2018 13:40

I think something similar will happen again

[smithim1311] 22/11/2018 12:16

Assuming it’s a done deal and no-one else comes in at the last minute. SGL went up to 12.5R share price in mid October. We mirrored that by climbing to 60p. There may be a lot of synergy savings over a couple of years, but not being able to cut jobs short term won’t help the near term share price

[spacedust] 22/11/2018 12:06

So the lmi price is redundant. Sbl price is eveything

[smithim1311] 22/11/2018 11:55

Guys. With the best will in the world there isn’t a cash offer. For every 1 Lonmin share you get 0.967 shares in SGL. The current share price of SGL is ca 9 Rand (down 5% today). Exchange rate is ca 18 Rand:£ so even if you call it 1 SGL share few each Lonmin share that’s 50p. The SGL share price when the offer was made was more than double what it is now at 18.67Rand. No idea where these 80p takeover ideas are coming from!

[spacedust] 22/11/2018 09:58

Thanks. I've bought in. Can't see why they shouldn't get share holder approval. The main stumbling block is now out of the way.

This could well finish above 50p. Really didn't think I'd be able to buy in after last night's news as expected it to whoosh to 60p on open.

[scoble2] 22/11/2018 09:34

89p all depended on Sibaneye price?

[spacedust] 22/11/2018 09:28

What's the takeovr price? 80p

[scoble2] 22/11/2018 08:18

Johannesburg, 21 November 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to announce that the South African Competition Tribunal (the Competition Tribunal) has approved the proposed acquisition of Lonmin Plc (Lonmin)(the Transaction), subject to specific conditions.
In addition to the conditions agreed between Sibanye-Stillwater and the Competition Commission (details of which were provided in the announcement on 18 September 2018), a further condition has been imposed by the Competition Tribunal, namely:
-- a moratorium on retrenchments at the Lonmin operations for a period of six months from the implementation date. This excludes any voluntary separation agreements and ordinary course of business terminations, and does not prevent the Company from initiating proceedings in terms of Section 189 of the Labour Relations Act, as long as such proceedings are not finalised before six-months from implementation of the Transaction
Neal Froneman CEO of Sibanye-Stillwater commented: "I am extremely pleased that the Competition Tribunal has approved the Transaction, on terms which we believe are fair, reasonable and in the best interest of all stakeholders. We are confident that the integration of Lonmin's PGM assets and Sibanye-Stillwater's adjacent PGM operations, will ensure a more sustainable and positive future for these assets and bring greater stability to the region. I would also like to acknowledge the comprehensive and pragmatic approach taken by the Competition Commission and Competition Tribunal, with all stakeholders having been given due consideration. This has ensured a fair and judicious outcome, which recognises Sibanye-Stillwater's commitment to the South African mining sector and the benefits that will accrue to all stakeholders."
The Transaction remains subject to the satisfaction or (where applicable) waiver of the conditions set out in the announcement of the Transaction by Lonmin and Sibanye-Stillwater on 14 December 2017. Such conditions include, amongst others, the approvals of Lonmin and Sibanye-Stillwater shareholders and the courts of England and Wales.
A circular to Sibanye-Stillwater shareholders and the Lonmin scheme of arrangement document will be posted to the respective shareholders in due course. Included in those documents will be the expected dates of the shareholder meetings and timetable to the closing of the transaction.
For more information on the proposed acquisition of Lonmin by Sibanye-Stillwater, please refer to

[scoble2] 22/11/2018 08:12

Bought more and take over is 100% certain.

[jotoha2] 21/11/2018 17:24

Great news today , no reason why it should not get back to 80p pronto.

[the stinger] 21/11/2018 17:14

Nothing else out there that can achieve an easy 70%/100% gain in a few months...!!! what a bargain,, hope it stays at this share price in the morning..

[redbaron10] 21/11/2018 17:13

Nice early Xmas present.This deal has taken forever,but at least we're slowly overcoming all the hurdles and obstacles.Let's get into an uptrend finally.

[foxy22] 21/11/2018 17:12

Well im in tooo

[the stinger] 21/11/2018 17:11

Easy near 100% gain .... i'm in 1st thing...