The LONMIN share price thread

Drifter said:
Will there be another rights offer?
Click to expand...

We sure as hell hope not. Shareholders will probably not approve another one. If they raise capital again it won't be discounted. They have been heavily criticised for discounting the share so deeply which is the reason for the price's collapse.
 
Just dumped some of my other flat trading shares and bought some more LonMin...- now to waiting game begins...end of day...could translate into a nice pay day down the line..or not...
 
Seems I'm the only one thinking that once the rights issue shares hit the market, share prices will plummet drastically.

I mean a ton of .21c shares will enter at once, surely that will have a huge impact on the current value?
 
Purply said:
Seems I'm the only one thinking that once the rights issue shares hit the market, share prices will plummet drastically.

I mean a ton of .21c shares will enter at once, surely that will have a huge impact on the current value?
Click to expand...

That it will..... hopefully not to the point that it drops below 30c... then at least I'm in the clear and can ride the wave if there is some positive news out of the company in the coming year.
 
Now i wonder what will the price be per share for the offer
Please keep us updated :)
Also if you buy 20k on offer
Can i choose to only conver 10k to shares ?
 
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