Don't understand that Lonmin is holding above R40 mark after platinum fell so much. Notham plat down 3% and anglo plat down 1.63% but Lonmin up 2.6%.
Why? Any ideas?
Posted 30 May 2016 - 12:57 PM
Don't understand that Lonmin is holding above R40 mark after platinum fell so much. Notham plat down 3% and anglo plat down 1.63% but Lonmin up 2.6%.
Why? Any ideas?
Posted 19 May 2016 - 10:29 AM
Hi
to your question , with market volatality , shares that have made significant profits in the past 6 months including Lonmin and Harmony are at risk of big movements downwards due to traders locking in their profits but more so having a greater desire to protect the larger than average profits made in such a short term.
These shares are also at similar risk from USA traders where there is a dual listing and this is always my biggest concern.
Buy and adopt time in the market strategy, as with these shares timing the market is extremely stressfull.
The bottom for both shares could be mid R30, as I think that there is sufficient demand for precious metals to maintain the price here.
If either companies hedged a proportion their production on the metal price would have been a different story, though harmony has the rand hedge which is some relief
Posted 19 May 2016 - 09:18 AM
Hi all
Any thoughts on Lonmin as a short. I cannot see that everything is now fine after just one update. I also think platinum prices have run a bit hard and might pull back to below $1,000 level.
Share price maybe down to R33-34 level again from where it is now?
Agreed
Posted 19 May 2016 - 08:42 AM
Hi all
Any thoughts on Lonmin as a short. I cannot see that everything is now fine after just one update. I also think platinum prices have run a bit hard and might pull back to below $1,000 level.
Share price maybe down to R33-34 level again from where it is now?
Posted 10 March 2016 - 03:45 PM
The share is manipulated by major institutions
(Got burnt before also)
Imo this share is not worth anything and the company will be bankrupt in 2 years time and they will ask for another rights issue [Unless platinum goes North - every day the company is burning cash]
best to stay away - same as gambling
Posted 10 March 2016 - 01:05 PM
Posted 09 March 2016 - 09:53 AM
The ultimate profit hunter
Posted 09 March 2016 - 08:45 AM
I think the huge rise the last two weeks were the market pushing it higher, because they wanted it higher...
Think that it is probably going back to its "real" price now.
I would not bet any longs on it at this point....all IMO
Posted 09 March 2016 - 08:39 AM
Posted 07 March 2016 - 12:49 PM
Yes, I bought at R18.73, but only small amount...2% of Portfolio.
Posted 07 March 2016 - 09:38 AM
Almost 15% up again today.
Can this last? Or is this short position squeeze and computers chasing price higher?
Posted 04 March 2016 - 02:42 PM
The ultimate profit hunter
Posted 04 March 2016 - 02:18 PM
I'm happy and ITM.
Whats everyones take on it? Think it is time to sell or will it push some more?
Posted 04 March 2016 - 01:12 PM
JaDEB, did you buy lonmin?
Sadly I'm trying to recover my losses still from the pre-rights and consolidation. Going from -80% to -50% is a win ...sorta ...almost....
Posted 04 March 2016 - 01:01 PM
Edited by SLEEKONE, 04 March 2016 - 01:02 PM.
The ultimate profit hunter
Posted 04 March 2016 - 12:46 PM
sheesh jaDeb must be the happiest man right now another 26% today
Posted 03 March 2016 - 02:48 PM
Cutting costs by early retirement and retrenchment for 5000 odd workers. That's a tough call, but the market seems to respond. Luckily some employees were saved and re-skilled. Perhaps increasing the chances for an amicable resolution to wage negotiations this year.
How I dislike the waiting game. Luckily getting some of my losses back.
Posted 03 March 2016 - 02:14 PM
Now 26%
Posted 03 March 2016 - 11:51 AM
Guessing you are also seeing the 16% climb so far today.
Trying to find out if there is a specific reason for this, or is it a retreat to "safe" havens in search of value.
Posted 03 March 2016 - 11:29 AM