The LONMIN share price thread

[Thor]

Loss 45.3% . I am getting out, Cutting my losses.

after 1 day?

That's emotional trading right there

 

[Thor]

What? The ANC does not control the platinum price?

They can't afford these miners to loose jobs, not with the marikana massacre.

They need the support, they are in k@k already

 

[Marakker]

Same here for me, thinking of using fnb from now on, was trying to sell at R1.00

Yeah, it is not the first time that EE have done this.

 

[AstroTurf]

Yeah, it is not the first time that EE have done this.

Irritated me, also tired to sell. First time it allowed me to was back down to 60c a share so not worth it.

 

[icyrus]

They can't afford these miners to loose jobs, not with the marikana massacre.

They need the support, they are in k@k already

And you imagine they are going to bail out a listed company that they have no financial stake in with tax payers money? And you imagine they are going to do this in a way that protects Lonmin's current shareholders? That doesn't sound like stable ground for investment in my opinion.

 

[Marakker]

If EE keeps this up then I am going to tell them to fsck off.

 

[AstroTurf]

And you imagine they are going to bail out a listed company that they have no financial stake in with tax payers money? And you imagine they are going to do this in a way that protects Lonmin's current shareholders? That doesn't sound like stable ground for investment in my opinion.

Also more and more likely that most of Lonmins mineworkers are now eff supporters.

 

[TofuMofu]

Ok, I have no knowledge about shares and such.

What exactly is happening on the 7th of December?

 

[R13...]

Ok, I have no knowledge about shares and such.

What exactly is happening on the 7th of December?

We find out if they managed to raise the $400m they need to continue operations.

 

[Datura]

We find out if they managed to raise the $400m they need to continue operations.

Thanks!

Bloody hell, this is like having a flipping fruit machine in the office.

Round 2 and moving up. Made R2200 from round 1

 

[Crabby]

And you imagine they are going to bail out a listed company that they have no financial stake in with tax payers money? And you imagine they are going to do this in a way that protects Lonmin's current shareholders? That doesn't sound like stable ground for investment in my opinion.

In your opinion is Lonmin going to tank, or will they raise the required money.

 

[marco79]

If I sell on EE now, how long till the funds are available for another purchase?

 

[TofuMofu]

We find out if they managed to raise the $400m they need to continue operations.

Oh! Thanks

 

[Datura]

If I sell on EE now, how long till the funds are available for another purchase?

Immediately. You just can't withdraw from EE for 10 days.

 

[TofuMofu]

Immediately. You just can't withdraw from EE for 10 days.

Awesome, didn't know that!

 

[marco79]

Do I have to call in to trade? It is unavailable for trading on EE right now.

 

[Datura]

Awesome, didn't know that!

It appeared to do that for me anyway...

 

[Datura]

Do I have to call in to trade? It is unavailable for trading on EE right now.

Don't know what the fsck is up with that. Been on and off all day...

 

[AstroTurf]

Do I have to call in to trade? It is unavailable for trading on EE right now.

It seems to be available when you can buy or sell at a sucky price and unavailable when you can buy or sell at a good price.

 

[TofuMofu]

Do I have to call in to trade? It is unavailable for trading on EE right now.

It keeps saying: This security is currently unavailable for trading

So can't tell you if you'll be able to buy.

Does that include selling or just buying?