The LONMIN share price thread

marco79 said:
Yes, call them. I bought some this morning. And no, I never had shares with Lonmin previously.
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Someone at EE fcked up or you lied on the phone during the validation phase, cause come the due date you won't be able to exercise your rights as there is no record of the shares upon which to exercise you 47 - 1 rights ratio
 
/waits for massive sell off come 12 Dec :twisted:
 
So confused, just bought 5000 rights shares, which should have an actual value of around 22c = R1000 odd,

Now what?
 
theratman said:
I've got a few hundred,when should I look to buy more kind sir?
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I'm speculating, but I'm dead sure the shares will hit a low right after the rights issue before it will start to "recover"

Anything under 40cent is a good buy in my personal opinion
 
DrewChan said:
So confused, just bought 5000 rights shares, which should have an actual value of around 22c = R1000 odd,

Now what?
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The actual "buy" transaction will go through on or after 7 Dec. For now, all you have done is "take up" the offer.
 
Well wouldn't it be worth it then to sell all normal lonmin shares - currently valued at 64 centsish and buy rights shares?
 
Deutsche Bank reaffirmed their buy rating on shares of Lonmin Plc (LON:LMI) in a research note issued to investors on Tuesday morning, ARN reports.

A number of other research firms have also recently commented on LMI. Citigroup Inc. reaffirmed a neutral rating on shares of Lonmin Plc in a research note on Wednesday, November 11th. BNP Paribas reiterated a neutral rating on shares of Lonmin Plc in a report on Friday, September 18th. RBC Capital restated an underperform rating and issued a GBX 35 ($0.53) price objective on shares of Lonmin Plc in a report on Wednesday, September 30th. SBG Securities reiterated a sell rating and set a GBX 56.44 ($0.85) target price on shares of Lonmin Plc in a report on Wednesday, November 4th. Finally, Investec raised shares of Lonmin Plc to a hold rating and reduced their price target for the company from GBX 35.40 ($0.53) to GBX 26.60 ($0.40) in a research report on Friday, October 30th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Lonmin Plc currently has a consensus rating of Hold and an average price target of GBX 76.80 ($1.16).

Lonmin Plc (LON:LMI) opened at 1.31 on Tuesday. The firm’s market capitalization is GBX 7.65 million. Lonmin Plc has a one year low of GBX 1.00 and a one year high of GBX 22.89. The firm’s 50-day moving average price is GBX 17.28 and its 200 day moving average price is GBX 58.14.

Lonmin Plc. is a United Kingdom-based producer of Platinum Group Metals. Lonmin mines, refines and markets platinum group metals (LON:LMI) – platinum, palladium, rhodium, iridium, ruthenium and gold. The Company has productive operations in South Africa and Canada. The Company’s resources and operations include: Marikana operations, the Company’s flagship operation; Pandora operations, a joint venture in which it has a 42.5% interest; Marikana Smelters and Base Metal Refinery and Brakpan Precious Metal Refinery which has capacity to process and refine production, offering the potential to smelt and refine third party and recycling material; Limpopo project, formerly an operational mine; Akanani project; Canadian projects, joint ventures with Vale and Wallbridge exploring PGM mineralisation in the Sudbury Basin in Ontario, and Northern Ireland project which is an early stage exploration opportunity.
 
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