The LONMIN share price thread

Papsak said:
10 bagger in 5 Years? No probs

Price now is 13250c - so you looking for R1325,00

Damn, as I own them, now I want you to win..
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No, I mean in five years if they are to be the next JSE ten bagger then the sign will definitely be visible five years from now.

And ten bagger means from inception if I am not mistaken? ( So technically they are since they are at 1300 and something percent al ready )

But my point is, let me change the bet.

5 years from now discovery will be worth:

33262 cents

So that's the deal

We put a bottle o wine on it?
 
Nah, doesn't work that way - otherwise most shares would be 10 baggers given enough time - even some pretty boring ones. So, for instance, I feel Taste has a good chance of being a 10 bagger (for my avg cost) in 10 years - so hopefully hit R35 or so. I think you projection of DSY is probably fair, maybe slightly optomistic, but not far off.

i would do a tas vs dsy bet, but over 5 years I am not that confident given that they still need to get their **** together - that will probably take 2 years or so. I am sure we will find something else.
 
Papsak said:
Nah, doesn't work that way - otherwise most shares would be 10 baggers given enough time - even some pretty boring ones. So, for instance, I feel Taste has a good chance of being a 10 bagger (for my avg cost) in 10 years - so hopefully hit R35 or so. I think you projection of DSY is probably fair, maybe slightly optomistic, but not far off.

i would do a tas vs dsy bet, but over 5 years I am not that confident given that they still need to get their **** together - that will probably take 2 years or so. I am sure we will find something else.
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Lets do a highest percentage growth in 5 years from today

Taste vs Discovery

So 8/12/2020

We better have some wine ready.
 
So after the adjustment how fast will the stocks take to crash back to sub R10 levels, I'm guessing minutes
 
mmmig said:
So after the adjustment how fast will the stocks take to crash back to sub R10 levels, I'm guessing minutes
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Probably. The more I think about this, the more it appears this may be a quick last personal wealth generation before the company crashes in total and delist.
 
Reminds me of that Too big too fail movie

"There's blood in the water, let's go kill someone!"
 
Thor187 said:
And ten bagger means from inception if I am not mistaken? ( So technically they are since they are at 1300 and something percent al ready )
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Not really. See here: An investment that appreciates to 10 times its initial purchase price.
 
Im going to take a gamble and keep my shares for now. If I lose everything I will write it off as school fees. Still a safer bet than a day at the race track or the blackjack table at Monte.

Go big or go home. :D
 
This whole Lonmin debacle has got me so interested in trading, I registered for an online trading course. Scheduled to start in Feb.
 
bassplayer said:
Im going to take a gamble and keep my shares for now. If I lose everything I will write it off as school fees. Still a safer bet than a day at the race track or the blackjack table at Monte.

Go big or go home. :D
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Play the long game was my plan from the start but didn't know about restructuring thing my 600 shares going to turn into 6 :cry:
 
I am also going to invest a bit more of my savings in shares.

Only reason why I stopped was the fees involved by FNB. This is not a problem with EE.
 
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