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Where is the bottom for LONMIN


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#281 Magnet

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Posted 22 September 2015 - 09:57 AM

What is happening here folks? Worth a punt or is suspension imminent


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#282 SB45

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Posted 18 September 2015 - 02:55 PM

The vultures are circling on this one, and I will be watching from the sidelines


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#283 Ninja

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Posted 18 September 2015 - 02:45 PM

Okay, now back at R4.44

Any bottom pickers??
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#284 soutie

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Posted 10 September 2015 - 01:15 PM

Today's SENS confirming fund managers selling out. Earlier in the week Coro's interests below 3% now Investec below 5%


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#285 soutie

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Posted 03 September 2015 - 11:40 AM

With the Impala SENS today it quashes the rumour of "synergies" with Lonmin. So they on their own......Can you hear it listen....BUSINESS RESUE


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#286 Ninja

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Posted 21 August 2015 - 09:35 AM

Feeling all warm and fuzzy... Wish I bought more on Tuesday... Lol
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#287 orca

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Posted 20 August 2015 - 08:57 PM

There she runs up 20% today.....

 

Sure we will se it back down 20% tomorrow

A good gain for traders that will sell now.


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#288 100ways

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Posted 20 August 2015 - 12:43 PM

There she runs up 20% today.....

 

Sure we will se it back down 20% tomorrow


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#289 orca

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Posted 20 August 2015 - 10:31 AM

just dropping by to give "Orca" a "shout out" :) ....nice to see you still active on the forum.  trust all is well in Portugal.

Yes, thanks delta. I am now done with the touristy stuff and have more time to concentrate on the markets. 


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#290 delta66

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Posted 20 August 2015 - 07:52 AM

just dropping by to give "Orca" a "shout out" :) ....nice to see you still active on the forum.  trust all is well in Portugal.


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#291 orca

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Posted 19 August 2015 - 11:26 PM

You cannot predict a bottom for any falling stock. LON has been in a bear creep for a long time and no fundamentals or technicals have shown a possible reversal.

Keep your money and stay out of gold and platinum for now. 


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#292 Queen B

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Posted 19 August 2015 - 05:00 PM

Its all capitulation, AKA gamling

Do we buy the ticket or not :rolleyes:


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#293 Ninja

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Posted 19 August 2015 - 04:32 PM

Yesterday's astronomical volume indicate possible capitulation my sense is its time to get long
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#294 soutie

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Posted 19 August 2015 - 03:13 PM

@ R5.65..... I have no words but... BUY

 

 

WHY..? Now @ R5.42

 

Heavy selling now..... most of this is the Glencore dump me thinks....There most uneconomical mine is Marikana now how do they shut that....?

Liquidated carved up & sold to people with a strong stomach & deep pockets.

Only other alternative is another Aurora Empowerment exercise.

 

 

Could be the same FM selling out of Glencore....also getting whacked...!


Edited by soutie, 19 August 2015 - 03:15 PM.

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#295 Queen B

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Posted 19 August 2015 - 02:25 PM

and I just re-read my comment

What I mean is, things were done through diplomacy. And not demands

Our country has a demand psyche: we demand more money!

But they don't see the bigger picture with regards to  trading conditions of the commodity in question

I guess its narrow minded vs open minded


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#296 Queen B

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Posted 19 August 2015 - 02:13 PM

Margaret Thatcher was a great example on how to deal in these matters

But we don't have the luxury or a person of her calibre here

Worrying times


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#297 Queen B

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Posted 19 August 2015 - 02:08 PM

Unions will cripple this country

They don't see the big picture and never will

Government needs to step in and explain things

Its like the visa circus. Our tourism visitors has crashed because of it

Cutting the nose off to spite the face.. Its unforgivable


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#298 myusuf

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Posted 19 August 2015 - 02:08 PM

Looks like falling knife - - it is heading for suspension from JSE if it cant find funding - Liquidation

 

But so tempting


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#299 Ninja

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Posted 19 August 2015 - 01:57 PM

Abil had a regulator that could step in..... Lonmin has no regulator... Straight to the liquidators if no buyout offer

Unions will fight for that 100% pay rise and that jobs are not lost though through the process

Chances of investors bailing in to help unions?

Edited by Ninja, 19 August 2015 - 02:01 PM.

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#300 Queen B

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Posted 19 August 2015 - 01:42 PM

But chances are, it could be another ABIL

Big risk, big reward scenario


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