The LONMIN share price thread

[Polymathic]

My current Lonmin PLC shares

Shares 33330
Avg. Purchase Price R 0.30
Share Price R 0.49
Profit/(Loss) % 63.33%
Profit/(Loss) R 6 332.70

Wish I had that kind of cash lying around to risk on the plus side I got my shares at 29c

 

[Purply]

The way I understand a rights issue is that it is only available to existing shareholders.

This appears to be the case, also going to try my luck come 9am via EE

 

[Datura]

Well that was a nice surprise

Profit/(Loss) R 643.98

/retires

for a minute

/works

 

[drnaphtali]

How many shares do you have around 24 000?

Don't ask too many questions, but I went CFD route

Not sure about the terminology (only guessing) but my position is 26000, which is 26000 shares.

 

[Thor]

Seems you can buy from EE even if you were not a shareholder last week?

I'll gove it a go after 9 and see if actually possible...

Define buy?

Buy as in get market price, then yes, buy as in at that discounted right issue price, don't think so?

 

[Thor]

since EE resells shares in a way, I think they are cashing in big time since they probably went for the rights issue and now selling at 49 cents

 

[Noseworthy]

since EE resells shares in a way, I think they are cashing in big time since they probably went for the rights issue and now selling at 49 cents

I dont understand these words

 

[Datura]

I dont understand these words

I'm also a little baffled by the rights issue talk...

I can't see anything on EE regarding this.

 

[Thor]

I dont understand these words

I think if I remember correctly, you buy shares from EasyEquities and not the JSE directly

 

[Noseworthy]

I'm also a little baffled by the rights issue talk...

I can't see anything on EE regarding this.

EE has two listing for Lonmin, 1 of them is the current stock price the other is .1c why would I buy this?

 

[The_Ogre]

Don't ask too many questions, but I went CFD route

Not sure about the terminology (only guessing) but my position is 26000, which is 26000 shares.

*exposure, ie. you are exposed to 26000 shares

 

[Purply]

since EE resells shares in a way, I think they are cashing in big time since they probably went for the rights issue and now selling at 49 cents

Was actually thinking of doing the exact thing, sell my current shares @ 0.49c and buy right issue shares @ 0.01c.

But will first wait and see how many I'd be able to get my hands on before making my final decision.

 

[AstroTurf]

Define buy?

Buy as in get market price, then yes, buy as in at that discounted right issue price, don't think so?

Yea, not allowing to buy.

 

[Hamster]

I think if I remember correctly, you buy shares from EasyEquities and not the JSE directly

EasyEquities has a BDA account. You as a client of EE have an account with EE and not your own BDA account. So any shares you buy, EE buys under their name and sells it to you as CFD's...


....if I'm not mistaken.

 

[R13...]

Couldn't take up the offer this morning for some reason. I had to phone into the bank and have the online trading people do it for me. Odd.

 

[Drifter]

Cant buy zip, but it's trading at 59c now.

 

[Datura]

Cant buy zip, but it's trading at 59c now.

73c

 

[Drifter]

Still cant buy.

 

[Purply]

This sucks, wanna buy now

 

[Datura]