The LONMIN share price thread

Last Traded PriceR 0.59
You're selling @ the BidR 500.00
You're buying @ the OfferR 0.58

wtf selling @ R500.00 ????

Ok nvm, was a 5 second glitch it seems :p
 
Datura said:
Please elaborate further if you can.
Click to expand...

You want to buy 100 shares at 21c. To do this, you first have to buy the rights to buy the 100 shares at 21c, for which you pay 1c per right.

So your 100 shares will cost you 22c per share.

I think...
 
Crabby said:
You want to buy 100 shares at 21c. To do this, you first have to buy the rights to buy the 100 shares at 21c, for which you pay 1c per right.

So your 100 shares will cost you 22c per share.

I think...
Click to expand...
^Bossly unit's explanation to me :)
 
Called EE, we cant buy the rights. unless you had shares before last week
 
Crabby said:
You want to buy 100 shares at 21c. To do this, you first have to buy the rights to buy the 100 shares at 21c, for which you pay 1c per right.

So your 100 shares will cost you 22c per share.

I think...
Click to expand...

That is confusing beyond comprehension for a layman like myself.
 
Purply said:
That is confusing beyond comprehension for a layman like myself.
Click to expand...

You buy a right to buy a share at a cheaper rate. 1c for the right and then you can use that right to pay 21c for a share. I think. Brain hurts. Need coffee...
 
Datura said:
You buy a right to buy a share at a cheaper rate. 1c for the right and then you can use that right to pay 21c for a share. I think. Brain hurts. Need coffee...
Click to expand...

Understood, but I guess it's all moot now after the no rights available for use meager plebs :D
 
Purply said:
That is confusing beyond comprehension for a layman like myself.
Click to expand...
You want to buy the share for a cheaper price?

Sure, I will sell you a contract (the right) to buy the share at 21c, but I will charge you 1c for the piece of paper that I've written the contract on.

So you will pay 1c for the paper containing the contract/right. Total per share would thus be 1c for the paper and 21c for the actual share.
 
YingYang said:
You want to buy the share for a cheaper price?

Sure, I will sell you a contract (the right) to buy the share at 21c, but I will charge you 1c for the piece of paper that I've written the contract on.

So you will pay 1c for the paper containing the contract/right. Total per share would thus be 1c for the paper and 21c for the actual share.
Click to expand...

No it's ok, the moment has passed, but the explanation is top notch, thanks.
 
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