The LONMIN share price thread

[The_Ogre]

61c

 

[Lager]

Trading at 70 cents at the moment

Thx for that platinum link on moneyweb, read full article now.

There's another platinum share you might want to look in to. WESIZWE PLATINUM. Exploration company, currently building their first mine in the richest platinum fields. Been with them since almost 8 odd years ago. The mine will have a 30+ life expectancy.
Currently the share is in the 40c.
Financially backed by China

 

[AchmatK]

Market opens at 9 and auction happens from 9 till 9:15.

On mobile and know this. Just meant that general trading only starts at 09:15 after the opening auction. Same happens at close where the last 15 minutes is for the closing auction.

 

[The_Ogre]

what is this auction people speak of?

It basically means the share price is determined by matching the buyers to the sellers. Something along those lines, I was also wondering about it when I first heard the phrase, but cannot recall 100% now

 

[Thor]

Thx for that platinum link on moneyweb, read full article now.

There's another platinum share you might want to look in to. WESIZWE PLATINUM. Exploration company, currently building their first mine in the richest platinum fields. Been with them since almost 8 odd years ago. The mine will have a 30+ life expectancy.
Currently the share is in the 40c.
Financially backed by China

When did they get Chinese backing because I don't like buying into a downwards trend unless I know something is on the table

 

[The_Ogre]

73c

 

[Drifter]

62c on Moneyweb.

 

[AchmatK]

62c on Moneyweb.

I think YingYang I looking at live prices. Money web is 15 minutes delayed. I'm also looking at the live price at 73c

 

[Lager]

When did they get Chinese backing because I don't like buying into a downwards trend unless I know something is on the table

After 2008 crash......nobody anticipated that. They had other financing options and local, but went to china.
Not sure what you mean by downwards. The share has been stable for a couple of years now.
Remember they're not producing the metal yet

 

[Drifter]

I think YingYang I looking at live prices. Money web is 15 minutes delayed. I'm also looking at the live price at 73c

Makes sense. Keep us posted please.

 

[Thor]

After 2008 crash......nobody anticipated that. They had other financing options and local, but went to china.
Not sure what you mean by downwards. The share has been stable for a couple of years now.
Remember they're not producing the metal yet

Downwards

 

[Drifter]

After 2008 crash......nobody anticipated that. They had other financing options and local, but went to china.
Not sure what you mean by downwards. The share has been stable for a couple of years now.
Remember they're not producing the metal yet

You referring to Mittal here?

 

[DrewChan]

Thanks YingYang for posting the live price, very kind of you

 

[marco79]

Stabilized at 73c. That's the 15 minute delay price.

 

[DrewChan]

I accidentally bought a ton of shares at 73c because of lagging price (said 61c lol), luckily sold everything at 75c, waiting for a big drop again

 

[marco79]

Now at 80c, delayed.

 

[DeathStrike]

So I was reading ee prices. What does it mean by transfer out fees? Says R100 per share? If lonmin shares only worth few cents don't want to pay R100 to cash them out

 

[DrewChan]

Is there somewhere I can go to pay for live prices occasionally without joining a full platform

 

[Scooby_Doo]

So I was reading ee prices. What does it mean by transfer out fees? Says R100 per share? If lonmin shares only worth few cents don't want to pay R100 to cash them out

I believe that is for moving brokers, so if you wanted to move away from EE.

 

[DeathStrike]

I believe that is for moving brokers, so if you wanted to move away from EE.

Thanks. That would make more sense.