302 replies to this topic

[The Stig]

Consolidation day. 1 for 100. Already seeing the higher price in auction.

[soutie]

I have a feeling this stock will reach R0.15

 

Good call....

[100ways]

Hopefully in the next couple years this will be back to where it was in late 2000's

[HighRiskGain]

Sure is scraping the bottom of the barrel now ...

[jaDEB]

Sorry you cannot assume because PIC has decided to throw money at LON that they actually looked at the risk. I am just glad my pension money is not part of it, and if it was, I would have asked WTF ?

Edited by jaDEB, 17 December 2015 - 10:40 AM.

[Ruvz]

Im pretty confident now that the consolidation is concluded and with Lonmin strategy to be put in place, the share price hopefully to pick up early next year. PIC now holds 30% of LON, A portion of government pensions are tied up in LON. In my opinion, government wont allow for LON to crash again or for the next year or two.

 

http://www.bdlive.co...ed-rights-issue

[SLEEKONE]

This stock is doomed. I cut my loses at R0.72. So glad im out.

[soutie]

Tempted to buy small %

 

Well the thread is headed "where's the bottom" ...I'll stick my colon on the block & say 21-23c is the bottom.

 

Share consolidation will skew things slightly & make exiting at a small loss more palatable....

[SLEEKONE]

How does the share consolidation work?

[soutie]

@jaDEB

Check the last few SENS releases they indicate that the global players are reducing their holdings.

[jaDEB]

Tempted to buy small %

[soutie]

I bought on the way up ( got caught up in the hype ) sold on the way down..My broker made money not me...In & out costs only....Well was crakin' entertainment for a while anyway.

[jaDEB]

Did u buy soutie?

[soutie]

Find it strange that my rights still shows on my profile but it was closed on last friday ... when does this expire from your profile

They remain on your profile while all the info of who bought/sold/let lapse is collated...Then the amounts are allocated/deducted so the exact amount of new shares are dispensed correctly & the company receives it dues.....Hope this helps.

[Queen B]

I had the same thing with the WSL rights Highrisknogain

It takes about a week for them to be removed from your profile

Im on the FNB platform

[HighRiskGain]

Find it strange that my rights still shows on my profile but it was closed on last friday ... when does this expire from your profile

[yusufm]

Out at 23c. Risk free weekend 

[HighRiskGain]

Also a important note : From what i see this only last a max of 2-3 days

[HighRiskGain]

Hi

 

Think Lonmin will be flat for a while.

 

BUT some word of advice, be a look out for 1 - 4 shares trade and bursts of 3x high volume consecutive trades as they are good signs of a pump and dump. Was monitoring CZA the last time they did this. Also set a notification when this share gets pushed.

 

Pretty sure we will see a quick short pretty soon.

 

Although this is only a opinion and take no responsibility of stupidity  

 

 

[SLEEKONE]

I sold at R0.73. Got back in at R0.23
Will sell at R0.65 and will come back at R0.28