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Sign up with GoogleThe LONMIN share price thread
- Thread starter snoopdoggydog
- Start date
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- Tags
- lonmin shares
it's been done - that's what you call this
They gave every user 1 share for every 100 owned before. That one share is now valued R12.11
Pho3nix
The Legend
- Joined
- Jul 31, 2009
- Messages
- 30,589
So if I owned 80 shares ????
And that partial share will be valued only R9,68 at the current R12,11 share price.
I have a feeling...this company is ****ed
They are.
Their holding company will probably during the course of the first half of next year close all operations in SA leaving the government with the operations. The ANC will probably get some Chinese groups to buy into these operations.
But, Lonmin is gone.
This means the share price will need to go up to R42 for me to get my money back
I'm a sad (but accepting) panda.
There were ample warning all over, even earlier in this thread. Everyone was willing to take the gamble, which this far, did not pay off, unfortunately for many.
TofuMofu
Honorary Master
- Joined
- Aug 11, 2008
- Messages
- 11,267
Obviously, but it couldn't have gone any direction. That is why this was (still is) a gamble.
Thor
Honorary Master
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- Jun 5, 2014
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- 44,236
risami
Well-Known Member
- Joined
- Aug 11, 2010
- Messages
- 320
Paid off for me
Could only really have paid off if you got the original shares at less than 13c before the consolidation...
TofuMofu
Honorary Master
- Joined
- Aug 11, 2008
- Messages
- 11,267
Paid off for me
Ah yes, sorry, thought he was referring to a R1 jump this morning after consolidation....
R13...
Honorary Master
- Joined
- Aug 4, 2008
- Messages
- 46,547
So when will Lonmin be buyable on EE today
Are you a masochist?
Lonmin sent out a warning to take care on trading the share between today and 28 Dec
A part of me is thinking of buying Lonmin using R5k. the reason is that I don't think commodity prices will remain low for eternity. Once the price of platinum starts increasing, the share price of Lonmin will also increase because it will be profitable to mine platinum now.
I remember a few years ago when the Telkom price was falling, and many people on this forum said they would never buy Telkom ever. The share price was at R60 I think, and went to as low as about R12. It started rising after bottoming from R12 to about R70. I learned my lesson as I didn't benefit at all from Telkom's share price rise.
Regarding Lonmin, the R5k will be money I'll be willing to lose (depends if I get a bonus or not.
I remember a few years ago when the Telkom price was falling, and many people on this forum said they would never buy Telkom ever. The share price was at R60 I think, and went to as low as about R12. It started rising after bottoming from R12 to about R70. I learned my lesson as I didn't benefit at all from Telkom's share price rise.
Regarding Lonmin, the R5k will be money I'll be willing to lose (depends if I get a bonus or not
.