The LONMIN share price thread

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Toothless

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WilmaG said:
I don't understand this.
What is consolidation?
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Look, the company is in trouble. So, what they did was that they made available additional shares. They want to generate additional income to both settle debt and keep the company operating another 3 years. They took a decision to consolidate the shares to make it less volatile. In doing this, your shares will be converted to 100:1 and then each share will be worth R21 or R22 a share.

The problem is, there is little growth potential for Lonmin in SA. They cut back on production and also face bad management and a lot of issues such as ongoing labour disputes, violent strikes, unrealistic salary demands, and much, much more. Their new share price will only keep decreasing as well when the rights issue and consolidation is finalized.

You urgently need to speak to someone with more investment experience regarding this. You will be losing a lot of money.
 
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Thor187 said:
If the platinum price goes up which it will in 2016 and in 2018 it will be right up there and then lonmin will be very very very rich since the reserves are gained at a very low price currently.


Platinum prices will average $1 500/oz in 2016
http://www.miningweekly.com/article/platinum-prices-to-average-1-500oz-in-2016-natixis-2015-04-14

http://www.recyclinginternational.c...bal/platinum-market-expected-be-balanced-2016
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Even if this happens, Lonmin already decided to cut back on production (they want to cut back 100,000 ounces by 2017) and will be closing a number of units. They won't be in for this ride in any event.
 
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shooter69

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There seems to be a chance of Platinum going up a little bit in the next week or so.

Capture.jpg
 
Thor

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Look Lonmin itself might be its own rescue because we are the only people who produce platinum, essentially. And the world needs platinum. It’s not as though the demand has disappeared. This is not a fly-by-night thing where it was great for two or three years and then no one wants it any more. This is well established for hundreds of years as a physical use, so there is demand. There is just too much supply at the moment, that’s why the price is low. So maybe we actually need a big producer to stop producing to get the price up.
 
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Thor187 said:
Look Lonmin itself might be its own rescue because we are the only people who produce platinum, essentially. And the world needs platinum. It’s not as though the demand has disappeared. This is not a fly-by-night thing where it was great for two or three years and then no one wants it any more. This is well established for hundreds of years as a physical use, so there is demand. There is just too much supply at the moment, that’s why the price is low. So maybe we actually need a big producer to stop producing to get the price up.
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Yes, SA produces 80% of all Platinum, while Russia does another 10%. If Lonmin cannot turn this into their own advantage, then they might just as well go mine in Russia or the remainder of the world where they are not plagued with issues our government are offering them. While I agree, the demand will not suddenly stop, but the places they will mine may change.
 
ToxicBunny

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Thor187 said:
If the platinum price goes up which it will in 2016 and in 2018 it will be right up there and then lonmin will be very very very rich since the reserves are gained at a very low price currently.


Platinum prices will average $1 500/oz in 2016
http://www.miningweekly.com/article/platinum-prices-to-average-1-500oz-in-2016-natixis-2015-04-14

http://www.recyclinginternational.c...bal/platinum-market-expected-be-balanced-2016
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Yeah it might go up, it might not.., but that is not where my comment is aimed....

If WilmaG thinks their levels of reserves are something to base the investment decision on, then thats not educated at all.
 
Tman*

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WilmaG said:
I didn't know one could see volumes traded.
Does this show how much shares were bought for that day?
Or sold, or bought and sold?
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Hold on, are you serious, or are you trolling?
 
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Thor187 said:
Curro. discovery, PSG, KAP

Thats money well spend

Lonmin... No.
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I made about 2k in Curro after their jump the past week and a half. I just wish I invested more.

But, that being said, I think that Curro is a great long-term investment. I see no reason why their share price cannot go to the R100-R150 mark within the next 2-3 years, perhaps even faster.
 
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