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The LONMIN share price thread
- Thread starter snoopdoggydog
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snoopdoggydog
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All commodities are priced in US Dollars therefore weather it's Gold, Silver, Iron, Rhodium or Platinum they all go up or down together. Anglo American (AGL) the worlds 5th largest miner yesterday announced jobs cuts today their share price is down another 10%. AGL owns Amplats (AMS) the worlds largest Platinum Miner
Drifter
Honorary Master
So Anglo has dropped 73% this year.. ouch. No wonder they not paying dividends.
snoopdoggydog
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I wonder how much debt they have otherwise they'll have to follow Lonmin
SauRoNZA
Honorary Master
That is a very black and white statement and certainly untrue of ANY share.
Lonmin is not "Any" Share
interesting....... so if the plat price doubled or the Rand halved, it would have no effect?
interesting....... so if the plat price doubled or the Rand halved, it would have no effect?
Will it happen thou?
14.2 Million currently, dropped down to 0.20c again.
I just want to say something regarding the 100-1 stock split.
You realize that right now the price has hovered around 20-23c what do you think will happen if the share price reaches R20-23 due to the split?
I would hazard a guess that the new consolidated price will drop like a brick - where now it is stable to at least limit your loss - think about it - it is hard for the stock to drop below one british penny but it is easier to drop from a quid.
Moral of the story cut your losses and dont speculate.
You realize that right now the price has hovered around 20-23c what do you think will happen if the share price reaches R20-23 due to the split?
I would hazard a guess that the new consolidated price will drop like a brick - where now it is stable to at least limit your loss - think about it - it is hard for the stock to drop below one british penny but it is easier to drop from a quid.
Moral of the story cut your losses and dont speculate.
techead
Honorary Master
Not really consolidation should theoretically make the volatility less and more attractive than penny stocks
https://wiki.timetotrade.eu/Share_Splits_&_Consolidations
SauRoNZA
Honorary Master
Yes but my point was that you can't say anything with such certainty regarding the stock market like you have.
Tomorrow they employ a whole new management team because the CEO dies in a car crash tonight and then what?
not how it works - between 20 and 23c, there can only be 4 prices, i.e. 20, 21, 22, 23c
between R20 and R23, there can be 300 prices..... so bids and offers can be more finely tuned, resulting in more stability (less volatility)
Point taken
I don't suppose anyone knows how much money they have raised thus far just from share sales since 20 November?
To be honest, I'm hoping Anglo closes down their platinum production in SA, which should be good for Lonmin in the long run
To be honest, I'm hoping Anglo closes down their platinum production in SA, which should be good for Lonmin in the long run
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marco79
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17 Million shares traded yesterday on the JSE as per google finance. 79 Million shares on the London shares.
I don't suppose anyone knows how much money they have raised thus far just from share sales since 20 November?
To be honest, I'm hoping Anglo closes down their platinum production in SA, which should be good for Lonmin in the long run
Local platinum mines need to work together
They need to halt production so they can "artificially" raise the price