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General Category => Shares => Topic started by: jaDEB on December 14, 2015, 03:20:46 pm

Title: Lonmin
Post by: jaDEB on December 14, 2015, 03:20:46 pm

Pick please.....  :question:  :TU:

Title: Re: Lonmin
Post by: czc on December 14, 2015, 05:47:56 pm

One does not buy Lonmin. Not even with other peoples money, not even for you worst enemy.

I can't picture a high cost producer surviving in this market.

Title: Re: Lonmin
Post by: Orca on December 14, 2015, 06:09:08 pm

I will lend you the money only if you short it. ;D

Title: Re: Lonmin
Post by: letlhogonolo on December 14, 2015, 06:29:36 pm

I would be willing to take a chance at about 9 cents per share, but certainly at this price. I would also wait until after the consolidation to try to see if there are still traders shorting the stock before putting any money in lonmin.

Title: Re: Lonmin
Post by: letlhogonolo on December 14, 2015, 06:32:34 pm

Investing in Lonmin at present is pretty much gambling. I think they've secured enough financing to make through 2 or 3 years. Beyond that if low platinum prices persist, it's difficult to see how they will survive.

Title: Re: Lonmin
Post by: jaDEB on December 15, 2015, 11:57:29 am

Thanks for voting and help me make my decision.

 :TU:

Title: Re: Lonmin
Post by: letlhogonolo on December 18, 2015, 10:00:25 am

Lonmin shares have been consolidated. It'll be interesting to see what happens now.

Title: Re: Lonmin
Post by: LittleBT on December 18, 2015, 10:15:58 am

guess we will need to adjust the lonmin price and share holding in the competition aswell...to reflect the consolidation.....

Title: Re: Lonmin
Post by: Patrick on December 18, 2015, 10:24:37 am

Quote from: Dolf on December 18, 2015, 10:15:58 am

guess we will need to adjust the lonmin price and share holding in the competition aswell...to reflect the consolidation.....

Yes, do you have a sens link I can check on?

Title: Re: Lonmin
Post by: LittleBT on December 18, 2015, 12:15:05 pm

http://www.sharenet.co.za/v3/sens_display.php?tdate=20151218090000&seq=7