The LONMIN share price thread

T

Toothless

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Drifter said:
How do you get that? The nominal value of the total shares before and after consolidation remains the same? So, they stand to make the same amount before or after consolidation if the price increases.
Click to expand...

Over and above this, go back and take a look at each and every consolidation that ever took place, both here and abroad, and you will see that it is quite normal for all shares, after the consolidation, to fall at first. Big question is, if Lonmin's R21 share drops down to R19, R18, or even R17, do you think the company can increase its value back to R21 for shareholders to break even?

Could they have done this since 2008?
 
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F1 Fan

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Drifter said:
How do you get that? The nominal value of the total shares before and after consolidation remains the same? So, they stand to make the same amount before or after consolidation if the price increases.
Click to expand...

Lets they you buy at 22c now, and a few other big investors buy at 22c as well, it will push up the price due to demand. So let's say the price ends up on 40c. Your new shares would now be valued at R40 for every share that you paid R22 for.
 
T

Toothless

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F1 Fan said:
Lets they you buy at 22c now, and a few other big investors buy at 22c as well, it will push up the price due to demand. So let's say the price ends up on 40c. Your new shares would now be valued at R40 for every share that you paid R22 for.
Click to expand...

This is the fairy tale dream scenario.

Fact is, Lonmin share price will never, ever see the 40c price point again before the consolidation. Serious investors do not invest in this company. By now, most of their investments have already been sold off in any event. It will stay between the 18c and 22c price point until the consolidation.

My estimate is that it will end up way below the 21c mark by the time of consolidation.
 
G

Gtx Gaming

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Moved another R1800 from lonmin to DBXWD.

So about R1200 shares left in lonmin ,might keep that there lol
 
SauRoNZA

SauRoNZA

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Man I put some demo money into Curro which has seen almost 50% increase. Wish I had dumped some real money in there.
 
T

thehuman

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Mines doing good today exept lonmin hehe
 

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marco79

marco79

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I'll give it until Monday or Tuesday. Most other similar companies are slightly up today.
 
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