snoopdoggydog
Expert Member
- Joined
- May 7, 2012
- Messages
- 1,929
Mostly the rights split but also some folks that are extremely unhappy.Are they really down or has the rights split just taken place diluting the price?
Offering a 94% discount on shares.... slipped a R100 in , see what happens.
News link -> http://www.theglobeandmail.com/report-on-business/international-business/african-and-mideast-business/lonmin-stock-discount-signals-trouble-in-south-african-platinum-industry/article27180930/
The platinum industry has been stumbling from crisis to crisis for the past several years. Global platinum prices have dropped by more than 50 per cent since 2011. The industry has been plagued by rising costs and labour unrest in its South African heartland, including a heavily damaging five-month strike in 2014 and the notorious police shooting of 34 protesters at Lonmin’s Marikana mine in 2012.
Same...R150. If it shoots up I can retire![]()
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/leaves
via who do you trade?
Crazy, why would anyone ever want to invest in this?
I can understand those throwing in R100 or R10k or R100K at 94% discounted prices, but even they are set to lose everything in the short term.
Easy Equities
Lonmin has to fail. You cannot come out of a commodity price glut without companies failing. A big company has to fail and that ordained company is Lonmin. #LonminMustFall
Mostly the rights split but also some folks that are extremely unhappy.
Buy ETFs...DBXWD and BBT40Thanks, I need to look into this. Any beginners tips?![]()
Impala platinum shares down 71%
May as well get some Lonmin @29c
Easy Equities
Well I dunno what to tell you...When and how?
This share is not available for trade I've tried since Thursday