Chances of Lonmin being bought by Sibanye?
Where is the bottom for LONMIN
#41
Posted 22 February 2016 - 02:33 PM
#42
Posted 27 January 2016 - 10:20 AM
I got my heebie-jeebies in a hidden bag
Oasis
#43
Posted 21 January 2016 - 05:49 PM
#44
Posted 21 January 2016 - 09:20 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
What is there to stop what I've highlighted above...??????
Anyone need a heads up...!
#45
Posted 20 January 2016 - 10:26 AM
I agree with Sleekone
Ive unfortunately been burnt by this share twice [ I don't trade long term - few days] but this share forced me to hold as it just keeps going down.
I even thought 21cents (R21) was cheap but it appears this is heading back to R3 before a big bounce to R6 and it will then be a small cap until platinum recovers or it goes bust (more likely) - it doesn't matter if yo uhave cash if you burning through it very fast
But think this company is dead and buried if the platinum price doesn't recover to >1,100$ soon
L
I think a 70% drop is imminent. Stay away from this stock. Just like oil, platinum is overbought.
The ultimate profit hunter
#46
Posted 20 January 2016 - 10:11 AM
I agree with Sleekone
Ive unfortunately been burnt by this share twice [ I don't trade long term - few days] but this share forced me to hold as it just keeps going down.
I even thought 21cents (R21) was cheap but it appears this is heading back to R3 before a big bounce to R6 and it will then be a small cap until platinum recovers or it goes bust (more likely) - it doesn't matter if yo uhave cash if you burning through it very fast
But think this company is dead and buried if the platinum price doesn't recover to >1,100$ soon
#47
Posted 20 January 2016 - 08:56 AM
At R3.4
how do you get to R3.4 ?
IMHO, there is minimal buyers in the market keen on lonmin at the moment, depicted by the volume. A lack of comms from the board are not helping as they are looking to the 28th of Jan for all comms. Perhaps a recovery, provided a positive address ?
#48
Posted 18 January 2016 - 02:50 PM
At R3.4Wow, where will this stop?
The ultimate profit hunter
#49
Posted 18 January 2016 - 02:11 PM
Wow, where will this stop?
I got my heebie-jeebies in a hidden bag
Oasis
#50
Posted 22 December 2015 - 11:57 AM
After the 29th- we will see the real price of LON. Its still in consolidation. Hopefully it will pick up.
#51
Posted 21 December 2015 - 09:58 AM
#52
Posted 19 December 2015 - 02:51 PM
Unseen lobster
#53
Posted 19 December 2015 - 02:43 PM
Unseen lobster
#54
Posted 19 December 2015 - 02:41 PM
Unseen lobster
#55
Posted 18 December 2015 - 10:43 AM
Really sad state of affairs. The share consolidation is a desperate attempt, this share is going down
The share consolidation was announced in the sens that contained the rights offer announcement. It was all part of the original desperate attempt plan. The last thing on the calendar is the restrictions on transfer between SA and London register ending on the 28th. After that we should see where the price gets established.
#56
Posted 18 December 2015 - 10:39 AM
#57
Posted 18 December 2015 - 10:26 AM
Edited by SLEEKONE, 18 December 2015 - 10:27 AM.
The ultimate profit hunter
#58
Posted 18 December 2015 - 10:10 AM
this is after the consolidation. 1 new LON for every 100 LON held
#59
Posted 18 December 2015 - 10:09 AM
No, 100 to 1, actually now 14c
I got my heebie-jeebies in a hidden bag
Oasis
#60
Posted 18 December 2015 - 09:57 AM