Lonmin Share Discussion Threads

[bernieboy] 08/11/2012 08:53

ok - just saw the General Meeting for 19th November. I guess all will become clear then?
So what about the results tomorrow - not good i guess but is it already in the price?

[bernieboy] 08/11/2012 08:49

Do we know when they will clarify the rights issue terms? This is what is holding it down.

[shymie] 07/11/2012 21:38

Haven't the foggiest idea what i'm doing...just bought a load and hoping for the best

[mj19] 07/11/2012 10:52

I am in too, think its time to move up....

but what is the rights issue price?

[uhound] 06/11/2012 09:12

Took a punt here today.

Been watching for a while and with the fund raising announced may see a reverse of the share price in the short term.

Technically looks promising too.

[careful] 01/11/2012 09:59

i see the daily telegraph was talking its book today.
buy bg. avoid lmi.he said.

[careful] 01/11/2012 09:58

interesting investment from now on.
who is doing the underwriting?
after rights, lots of great long term assets.

[bobsidian] 01/11/2012 03:40

Will be interesting to see the price LMI set for the rights issue. I suspect 3 for 5 at around £4.

However, any undue delay in setting the terms for the rights issue could see further downward pressure on the share price forcing a deeper discount. Such can be the greed of short sellers as they seek to take advantage of any information vacuum.

[careful] 31/10/2012 11:28

interesting situation developing wrt glen/xta merger.
xta own a big chunk of lmi.
lmi rights issue to proceed.
if glen/xta goes through shortly. would glen be interested in the rest of lmi?
it would be an opportunistic move.

[careful] 30/10/2012 14:09

looks like $800m rights issue.
that is about an increase in value on current holding of 50%.
rest of statement seems promising.
things are improving.

[careful] 26/10/2012 08:54

lmi being shorted ahead of bank review.
a rights issue is likely.
what a comedown over the last 2 years.
was about £20 per share.
so much uncertainty today with carroll resigning.
South Africa is an unknown quantity.

[careful] 24/10/2012 11:00

love to see your calculations global.
i like a good laugh.

[global mega boom] 23/10/2012 18:29

iv done teh sums and if this don't bounce off 460 then its going away, sorry but those are the facts

just trying to help as much as sanks

[maxakoff] 19/10/2012 10:23

Why on earth it fell from 525 to 505 in the morning - hell knows but I am sure happy as I finally bought these at 505.6. Now back to 600 please. Feels like shorts are being squeezed. Nai, dyor.

[maxakoff] 19/10/2012 10:04

So reading today's news, is it business as normal from now on?

[hectorp] 19/10/2012 09:18

I don't know , shorters have done well at times at XEL GKP and here certainly.
This is down 75% over 2 years can it simply keep on falling.

[pixi] 12/10/2012 22:59

Sanks is the best contrarian indicator there is, he got rodgered at BUMI big style.

[careful] 12/10/2012 13:21

things are beginning to look stronger.
long term the south african government, or even the miners leaders will not wish to discourage investment in commodities.

[mj19] 12/10/2012 11:26

yes that helps take my mind off it thanks... I hope you don't do that all the time or you may find that you get some illness. Make sure you change your animals before you kill them.

[sanks] 12/10/2012 10:25

It'll pick up when i get in at £1.17

Hope it helps, if it doesn't..then its by the oak tree....

.......

[mj19] 12/10/2012 10:18

need this to pick up loss getting bigger...

[careful] 11/10/2012 21:05

this agrement rns 51880 seems very important.
maybe the spike at close is real.

[dusseldorf] 11/10/2012 11:57

careful - it's the impending update on how much this tragedy has cost them in lost production and the subsequent increase in overheads.

Cue:

Due to lost production X, increase in salary $Ym our profitability is impacted by $A and ongoing operating profit has dropped to $Bm.

As a result we need to strengthen the balance sheet and raise equity of at least $Cm. The precise amount depends on demands but it is likely to result in a substantial dilution of existing equity.

Followed by:

We are pleased to announce the raising of $Dm which will be issued shortly

Followed by: shorts closing their positions