The LONMIN share price thread

Kosmik said:
Because they appear to have a plan. If you read further in the articles, they talk about the discount being used to create capital and then the likelihood of raising further capital via banks. I suspect ( my tinfoil hat ) that they will use that capital to move operations out of South Africa and go elsewhere where the labour is less problematic and start again. The basic fact of the matter is that industries still use platinum in a lot of processes and it is a finite resource. Unless those processes can use alternate metals, it should, eventually, recover. And if it recovers even a tiny bit, PROFIT!
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move elsewhere where? SA is responsible for 75% of global supply
 
Please keep me updated on this.

This to me is a total gamble since I have no knowledge in resources and commodities
 
FICA is preventing me to take part in this :(

I haven't changed my address anywhere yet since I moved so have no proof if residence :p /facepalm

Trying to fix it!
 
Method said:
FICA is preventing me to take part in this :(

I haven't changed my address anywhere yet since I moved so have no proof if residence :p /facepalm

Trying to fix it!
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Renting or owner?
 
Park@82 said:
via who do you trade?
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This thread just inspired me to throw some money into it.. i don't know the first thing about investing so looked at that Easy Equities as well... then found another thread on here where people complain that it's not paying out correctly, so I wouldn't even know what to look for.

Lucky for me I bank with FNB so 1 minute on the phone to the Investment call center for them to explain to me how to open an invest account and now I own some shares too. Look for the Investment Builder and select your company, and off you go with your shares... (for people who want shares but know nothing and doesn't have a broker!)
 
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PieterseMJ said:
This thread just inspired me to throw some money into it.. i don't know the first thing about investing so looked at that Easy Equities as well... then found another thread on here where people complain that it's not paying out correctly, so I wouldn't even know what to look for.

Lucky for me I bank with FNB so 1 minute on the phone to the Investment call center for them to explain to me how to open an invest account and now I own some shares too. Look for the Investment Builder and select your company, and off you go with your shares... (for people who want shares but no nothing and doesn't have a broker!)
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Mind posting the trade costs you incurred on that share builder :p
 
Hamster said:
Mind posting the trade costs you incurred on that share builder :p
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Sorry, see it's actually a Share Investor (but i'm sure you click on builder to create it and then it's a Share Investor after you initiate).

um... you mean the price i paid per share? at 11:30 when it executed was @0.45 per share (LONMIN PLC) what i paid so if I had to sell i'd make a loss as they are only worth @0.29 but i'm supposing this is something you just hold onto for long hoping it will pick up again...?
 
PieterseMJ said:
Sorry, see it's actually a Share Investor (but i'm sure you click on builder to create it and then it's a Share Investor after you initiate).

um... you mean the price i paid per share? at 11:30 when it executed was @0.45 per share (LONMIN PLC) what i paid so if I had to sell i'd make a loss as they are only worth @0.29 but i'm supposing this is something you just hold onto for long hoping it will pick up again...?
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I meant the transaction costs, for example on Easy Equities I bought R150's worth at R0.30...so 500 shares. My costs were:

2015/11/20 Bought Lonmin PLC 500.0000 @ 30.00 R-150.00
2015/11/20 Broker Commission Lonmin PLC @ 0.2 R-0.30
2015/11/20 Settlement and administration R-0.11
2015/11/20 Investor protection levy (IPL) and administration R-0.01
2015/11/20 Value Added Tax on costs (VAT) R-0.06
2015/11/20 Securities transfer tax and administration R-0.38

So my total cost was R150.86 (86c extra I paid for my R150's worth). That's the reason we use EasyEquities because I suspect you paid quite a bit more on FNB. I'm asking out of interest sake because I'm a client as well but only make use of their Share Saver.

EDIT: and as things stand I've already lost 10% :cry: :p
 
Garson007 said:
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
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Kosmik said:
Remember that when people and families are starving due to lack of jobs.
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What Kosmik said.

Also, have you forgotten what happened in Rustenburg during the strike? You want a repeat of that, but on a prolonged scale? :erm:
 
R13... said:
As already explained a recovery is unlikely. The best that may happen is speculation driving the price back to a few rand.
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At which stage we'll all sell our now under performing LON shares sending it back down :erm:
 
Hamster said:
I meant the transaction costs, for example on Easy Equities I bought R150's worth at R0.30...so 500 shares. My costs were:

2015/11/20 Bought Lonmin PLC 500.0000 @ 30.00 R-150.00
2015/11/20 Broker Commission Lonmin PLC @ 0.2 R-0.30
2015/11/20 Settlement and administration R-0.11
2015/11/20 Investor protection levy (IPL) and administration R-0.01
2015/11/20 Value Added Tax on costs (VAT) R-0.06
2015/11/20 Securities transfer tax and administration R-0.38

So my total cost was R150.86 (86c extra I paid for my R150's worth). That's the reason we use EasyEquities because I suspect you paid quite a bit more on FNB. I'm asking out of interest sake because I'm a client as well but only make use of their Share Saver.

EDIT: and as things stand I've already lost 10% :cry: :p
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oh... hahaha! So from what I see it's (https://www.fnb.co.za/share-investing/share-investor.html):

Minimum account balance: R200
Monthly fee: R49
Transaction fees per trade: Brokerage of 0.6% of trade value with a minimum of R80 per trade
Exclusive of VAT, IPL, STT and STRATE charges*

Brokerage fee*: 0.6% (min R80) plus VAT
Investor Protection Levy: 0.0002% plus VAT
STRATE Settlement charge: 0.005787% (Minimum R11.58, maximum R57.87) plus VAT
Securities Transfer Tax (on share purchase): 0.25%

But i can't see the breakdown like you have it, but again, i'm a complete n00b with this on where to click, what to look for. I don't think that is a bad price comparing EE and also with the issues some people have on EE (http://mybroadband.co.za/vb/showthread.php/637974-Easy-Equities-good-or-bad/page54) that I wouldn't even know. I also have the Share Saver with FNB and am really happy with that, so this makes sense to me seeing as I don't know the first thing about shares etc. (or is that a lot to pay for the Share Investor?)
 
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