Lonmin Share Discussion Threads

[sanks] 20/6/2013 10:38

This is heading for the technicals Sheila mentioned last night at £1.17, before the drip to 42p

Hope this is starting to make some sense
Sanksalot

[bouleversee] 15/6/2013 11:22

Don't do spread betting so not a subscriber. Can you summarise, please?

[ginty the brave] 14/6/2013 14:49

6% rise just happened. Don't know why

[penandnen] 06/6/2013 16:42

1) I'm pretty sure there won't be many NUM officials volunteering to work in the Marikana works office. So that's the end of the local dispute.
2) Facts not rumour:

[pimpi] 06/6/2013 15:09

1)Union issues look as though they will settle down???
2) wages will rise from July by how much ?

[penandnen] 06/6/2013 13:46

Platinum rising and Rand falling against USD. Production and sales on budget for the year so far. New CEO, Ben Magara, starts work next month. Union issues look as though they will settle down (hopefully without further bloodshed). Good fundamentals for a recovery here, IMO. I've added in the last few weeks.
Shorters are running out of bad news and they're closing their positions - adding to further upward pressure on share price
If I'm wrong - Let's hear the downside argument!

[bouleversee] 31/5/2013 22:29

You're not alone but there's not much to add. I'd read the following on ADVFN evening bullet:in "Platinum miner Lonmin was an outperformer for much of the session as negotiations continued with labour unions in South Africa. The stock was given a boost by Morgan Stanley, which upgraded its rating from 'equal weight' to 'overweight', saying that the stock appears attractively valued versus peers" but wasn't aware that they had put a price on it. Even if the share price gets there, I will still have a huge loss but I can't say I feel like adding.

[ginty the brave] 31/5/2013 21:46

looks like it is just me here.

anyway, Morgan Stanley upgraded LMI to 385p today. would post the link but can't be bothered as no one will probably see it anyway.

[ginty the brave] 30/5/2013 15:53

miners coming back strong. 300p not too far away now

[ginty the brave] 24/5/2013 00:07

still looks like bottoming out to me. has had 2 goes at 263 and also 275 so which one will break first?

[ginty the brave] 21/5/2013 21:09

gone long today as I feel the share price can reach 340p in the short term. yes, its volatile but these are the times to get in.

[bish100] 21/5/2013 11:26

Its a difficult sell - Companies recording good profits metal prices at very high levels. Lonmin need to get a deal sorted pre september and i do not think it is going to be an easy ride. Add in the other tensions in the are and it is a powder keg! Am short and will stay so over the next couple of months as any news that is likely to come out will be bad! Will exit at circa £2 - £2.20.

[salpara111] 20/5/2013 17:04

Apparently the gold miners are looking for a 60% pay rise!
Whatever happens it is going to get really ugly over the next few months.
I really do think that the S. African miners need to take a stand even if that means lost production, otherwise there will be no industry left in the not too distant future.

[bish100] 16/5/2013 11:31

Interesting to hear what happens this afternoon.

MARIKANA - Platinum producer Lonmin had on Thursday denied that it had given into political pressure to keep the National Union of Mineworkers (NUM) on the premises despite it not being the majority.

The claims surfaced as thousands of miners in Marikana in the North West went on an unprotected strike on Monday.

They belong to rival union Association of Mineworkers and Construction Union (Amcu) which is the now the majority and are demanding that NUM leave the mine.

Lonmin's Sue Vey said their main priority is a peaceful resolution.

"It would appear at times that decisions are made which favour one or the other, but our goal is to have equal representation appropriate for unions based on their members."

While miners have returned to work their strike is not officially over until they are told by their leaders at another mass meeting scheduled for Thursday.

Amcu president Joseph Mathunjwa will report back to his members after a meeting he had with the Commission for Conciliation, Mediation and Arbitration (CCMA) to ensure that the union is recognised as the majority union at Marikana.

A total of three people including a high ranking Amcu official have been killed during the weekend, which is believed to a have sparked the protest.

[bish100] 15/5/2013 14:56

Thanks Careful - Not sure i've heard of that one before. I like 'The trend is your freind'. Best of luck though

[careful] 15/5/2013 14:45

there is an old stock market saying.
'buy on the sound of gunfire, sell on the sound of bells.'

[mrminister] 15/5/2013 14:35

my short closed @ no loss .....but this dog remains on a yellow card

[bish100] 15/5/2013 14:30

Angel - Doesn't read wuite so well if you read all the way through to the end- '

Recently, the union's North West regional organiser died in a hail of bullets.

Earlier today strikers hurled death threats at a police videographer.

Meanwhile, prior to Mathunjwa's address, four gunshots were heard inside the stadium.

It was believed the shots were fired into the air, although it was not immediately known who fired the shots or whether anyone was wounded.

The gunshots were heard while workers were filing into the stadium'

Watch this space

[careful] 15/5/2013 14:20

bish.
stop talking and close your position.
you know it makes sense.