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Where is the bottom for LONMIN


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#41 sommerso

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Posted 22 February 2016 - 02:33 PM

Chances of Lonmin being bought by Sibanye?


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#42 jaDEB

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Posted 27 January 2016 - 10:20 AM

:P


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#43 myusuf

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Posted 21 January 2016 - 05:49 PM

Platinum heading for sub 800$
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#44 soutie

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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...??????


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#45 SLEEKONE

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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.
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#46 myusuf

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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

 

 


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#47 Granite

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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 ?


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#48 SLEEKONE

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Posted 18 January 2016 - 02:50 PM

Wow, where will this stop? :blink:

At R3.4
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#49 jaDEB

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Posted 18 January 2016 - 02:11 PM

Wow, where will this stop? :blink:


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#50 Ruvz

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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.


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#51 cdb999

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Posted 21 December 2015 - 09:58 AM

Anyone here having issues with not receiving their full amount of consolidated shares?
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#52 HighRiskGain

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Posted 19 December 2015 - 02:51 PM

I think my problem is that my research that i have done was not enough to understand the short term loss. I will do my best in other companies that work and not this *&#
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Unseen lobster


#53 HighRiskGain

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Posted 19 December 2015 - 02:43 PM

Was away from active trading and now its crying in a corner time
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#54 HighRiskGain

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Posted 19 December 2015 - 02:41 PM

Shareholders bleeding at a new level. Sjoe
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#55 The Stig

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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.


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#56 cdb999

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Posted 18 December 2015 - 10:39 AM

So we actually lost big by buying at 22c. Motherfuckers. At 14 its a great short
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#57 SLEEKONE

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Posted 18 December 2015 - 10:26 AM

Really sad state of affairs. The share consolidation is a desperate attempt, this share is going down

Edited by SLEEKONE, 18 December 2015 - 10:27 AM.

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#58 Ruvz

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Posted 18 December 2015 - 10:10 AM

this is after the consolidation. 1 new LON for every 100 LON held


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#59 jaDEB

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Posted 18 December 2015 - 10:09 AM

No, 100 to 1, actually now 14c


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#60 grr

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Posted 18 December 2015 - 09:57 AM

Did this just jump 8800%?<br />
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