The LONMIN share price thread

Thor187 said:
@Hamster

I am a noob I don't do trading

What do you think of this dramatic fall today?
Click to expand...

I'm not a trading expert so can't tell you. My thinking is that because of the rights set the price at 21c the the market is adjusting to that price....but I'm guessing here.

I can tell you this - LON trades are VERY busy this morning :D
 
Hamster said:
I'm not a trading expert so can't tell you. My thinking is that because of the rights set the price at 21c the the market is adjusting to that price....but I'm guessing here.

I can tell you this - LON trades are VERY busy this morning :D
Click to expand...

Oh you :P
 
Just bought a few hundred Ronts more, but I am now in the red die to the fall to 20c. All in all not too much money in LON, but if it climbs, can make a nice profit.
 
Thor187 said:
DISCLAIMER

Any noob, or new guy.

DO NOT GAMBLE ON THIS

I have a bunch of money I don't care for, THIS is not a Guarantee return.

WE MIGHT LOOSE ALL OF IT
Click to expand...

Same here. Except I never say I do not care for my money. Every rand lost hurts a bit but its not like my life will change if I lose it.
On the other side, if Lonmin makes a comeback of note then my life could change a lot.

For me this gamble has a way smaller risk than reward. Risk is I lose R3380. Reward is at this moment unimaginable.

But yes, do not use your last money/saving/rent to make this gamble!!!! (it is a gamble, nothing more at the moment)
 
Shi said:
those things are not very recent ... especially in cases like LON is in now.
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True.

Issue is ALL of us are trading currently.

We are not geared for this. At least I am not.

I'm an investor not trader. I don't like looking at shiat every second.
 
How did it drop so much? Prob someone that sold tons of shares? But how would they have done that overnight?

The rights issue should drop the shares even further right?
 
F1 Fan said:
How did it drop so much? Prob someone that sold tons of shares? But how would they have done that overnight?

The rights issue should drop the shares even further right?
Click to expand...

rights issue the market is adjusting to it. I think.
 
@YingYang

Buddy... Do you still have margin?

It will recover, hold in there.

I am so glad I did not go CFD
 
Code: 
Last day to trade Letters of Allocation on the JSE to settle trades by the

 closing date of the Rights Issue in order to participate in the Rights Issue                       3 December 2015


Listing and trading of New Shares on the JSE and dealings in New Shares on

  a deferred settlement basis commence                                                  9:00 a.m. on 4 December 2015


In respect of Qualifying South African Shareholders who hold their Shares in

  certificated form and who wish to exercise all or part of their Nil Paid Rights,

  latest time and date for submission of completed Form of Instruction (with

  payment in full) to the SA Registrar                                                 12:00pm on 10 December 2015


Rights Issue closes                                                                    12:00pm on 10 December 2015


CSDP/broker accounts credited with New Shares and debited with payments

 due in respect of New Shares in uncertificated form2                                  9:00 a.m. on 11 December 2015


Results of Rights Issue announced3                                                     9:00 a.m. on 11 December 2015


Results of Rights Issue announced in the press                                         9:00 a.m. on 11 December 2015


Last day to trade for the Consolidation                                                5:00 p.m. on 17 December 2015


Effective time of the Consolidation                                                    9:00 a.m. on 18 December 2015


Record Date for the Consolidation                                                      5:00 p.m. on 24 December 2015


Consolidated Ordinary Shares credited to CSDP or broker accounts                       9:00 a.m. on 28 December 2015
 
Thor187 said:
Code: 
Last day to trade Letters of Allocation on the JSE to settle trades by the

 closing date of the Rights Issue in order to participate in the Rights Issue                       3 December 2015


Listing and trading of New Shares on the JSE and dealings in New Shares on

  a deferred settlement basis commence                                                  9:00 a.m. on 4 December 2015


In respect of Qualifying South African Shareholders who hold their Shares in

  certificated form and who wish to exercise all or part of their Nil Paid Rights,

  latest time and date for submission of completed Form of Instruction (with

  payment in full) to the SA Registrar                                                 12:00pm on 10 December 2015


Rights Issue closes                                                                    12:00pm on 10 December 2015


CSDP/broker accounts credited with New Shares and debited with payments

 due in respect of New Shares in uncertificated form2                                  9:00 a.m. on 11 December 2015


Results of Rights Issue announced3                                                     9:00 a.m. on 11 December 2015


Results of Rights Issue announced in the press                                         9:00 a.m. on 11 December 2015


Last day to trade for the Consolidation                                                5:00 p.m. on 17 December 2015


Effective time of the Consolidation                                                    9:00 a.m. on 18 December 2015


Record Date for the Consolidation                                                      5:00 p.m. on 24 December 2015


Consolidated Ordinary Shares credited to CSDP or broker accounts                       9:00 a.m. on 28 December 2015
Click to expand...

So this is saying we should hang onto our shares till at least Jan?
 
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