Poll

Lonmin @ 20c

I will buy R5,000.00
2 (20%)
I will buy R10,000.00
1 (10%)
I will not buy Lonmin
6 (60%)
I will buy Lonmin if I can use Orca's money
1 (10%)

Total Members Voted: 9

« previous next »
Pages: [1]

Author Topic: Lonmin  (Read 10745 times)

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4551
  • Karma: +31/-3
    • View Profile
Lonmin
« on: December 14, 2015, 03:20:46 pm »
Pick please.....  :question:  :TU:
Logged
jaDEB

If it scares you, it's a sign you need to do it

czc

  • Full Member
  • ***
  • Posts: 118
  • Karma: +3/-0
    • View Profile
Re: Lonmin
« Reply #1 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.
Logged

Orca

  • Hero Member
  • *****
  • Posts: 2280
  • Karma: +54/-3
    • View Profile
Re: Lonmin
« Reply #2 on: December 14, 2015, 06:09:08 pm »
I will lend you the money only if you short it. ;D
Logged
I started here with nothing and still have most of it left.

letlhogonolo

  • I've just arrived
  • *
  • Posts: 38
  • Karma: +0/-0
    • View Profile
Re: Lonmin
« Reply #3 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.
Logged

letlhogonolo

  • I've just arrived
  • *
  • Posts: 38
  • Karma: +0/-0
    • View Profile
Re: Lonmin
« Reply #4 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.
Logged

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4551
  • Karma: +31/-3
    • View Profile
Re: Lonmin
« Reply #5 on: December 15, 2015, 11:57:29 am »
Thanks for voting and help me make my decision.

 :TU:
Logged
jaDEB

If it scares you, it's a sign you need to do it

letlhogonolo

  • I've just arrived
  • *
  • Posts: 38
  • Karma: +0/-0
    • View Profile
Re: Lonmin
« Reply #6 on: December 18, 2015, 10:00:25 am »
Lonmin shares have been consolidated. It'll be interesting to see what happens now.
Logged

LittleBT

  • I've just arrived
  • *
  • Posts: 9
  • Karma: +0/-0
    • View Profile
Re: Lonmin
« Reply #7 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.....
Logged

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2551
  • Karma: +47/-2
    • View Profile
Re: Lonmin
« Reply #8 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?
Logged

LittleBT

  • I've just arrived
  • *
  • Posts: 9
  • Karma: +0/-0
    • View Profile
Re: Lonmin
« Reply #9 on: December 18, 2015, 12:15:05 pm »
Logged
Pages: [1]
« previous next »