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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Lonmin Share Chat (LMI)



Share Price: 44.44Bid: 44.06Ask: 44.82Change: 2.44 (+5.81%)Riser - Lonmin
Spread: 0.76Spread as %: 1.72%Open: 42.40High: 44.82Low: 42.24Yesterday’s Close: 42.00


Share Discussion for Lonmin


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downbutnotout
Posts: 9,517
Opinion:No Opinion
Price:44.44
GBP/USD exchange rate
Today 16:38
this was 1.27 a month ago, today 132.4 making SBGL cheaper. but SBGL SP well up off the lows. 2.51 up from c. 2.05
 
downbutnotout
Posts: 9,517
Opinion:No Opinion
Price:44.44
SBGL
Today 16:35
$2.51 down 2% when SGL is up 3.75%

50DMA at $2.39 should give support. tempted to buy some. maybe.. GBP/USD looks better now.
AL75
Posts: 1,319
Opinion:No Opinion
Price:44.82
Can't call a bull market in XPT
Today 15:46
XPT/USD, the dollar price of Platinum, reached $752 in August 2018. That was the low 10 years ago as a result of the financial crash. It has also been in a downtrend for over 5 years.

So based on the facts, XPT/USD is nowhere near bullish. For it to reverse, start an uptrend and help the miners, it would have to go over $1200. So, it has a long way to go.
mylady
Posts: 16
Opinion:No Opinion
Price:43.86
lonmin takeover
Today 12:28
Can anyone throw light on what is happening with Lonmin and which side is the SP looking towards?
hangseng
Posts: 1,572
Opinion:No Opinion
Price:42.00
RE: Done deal
Today 08:09
All good.platinium going one way now.gold markets set for bull 2019.
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.00
RE: Done deal
Wed 16:56
Hope your well mate?
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.00
Sibanye
Wed 16:51
Possible pennant breakout $3.17 measured flag pole target....lots of upside gaps to fill folks!

+7% live
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.52
RE: Done deal
Wed 09:11
Ras maybe a sibanye mole....lol
hangseng
Posts: 1,572
Opinion:No Opinion
Price:42.12
Done deal
Tue 19:07
Bet your really happy about the anouncement on the deal rass.id love to see your face.guess you ll be moving on soon.
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.80
RE: ADRs
Tue 16:03
PD @ $1010....looks like a TCP to me!
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.80
ADRs
Tue 16:01
Up 4.6%....market likey?
whatamess
Posts: 983
Opinion:No Opinion
Price:43.10
RE: It is done deal indeed
Tue 14:38
You are right mate, it will probably just mirror SBGL. SBGL will probably an extremely successfully and diversified company. Should crisis hits they have plenty of gold too which will hedge falling PGM. Lots of synergies to be had. They are getting lmi for next to nothing really, its a steal
Rastuss
Posts: 1,365
Opinion:No Opinion
Price:42.60
RE: RE: Done deal
Tue 12:13
100notout: your points are well taken. You may well be right about the impact of short covering - that would explain it. And the Petrozim money will help. There's little chance that the Lonmin shareholders won't vote in favour, it it's put to a vote. Lonmin will now merely track Sibanye. Watch the Eskom power supply situation though, and the unions' reaction to the Comission's recommendation. It normally takes only a few weeks for the Tribunal to rubber stamp a deal like this but if the unions get really antsy, anything could happen. If they strike, there's nothing the government could do to help Lonmin's balance sheet. Still, the final quarter is always a disaster for Lonmin, so unless any strike (or power outage) happens soon, it may not have such a big effect on their cash flow! If Lonmin does up with substantial net debt, it will be interesting to see what Jabba does. He does seem committed to the deal though, I agree. Good luck with PGM prices..
downbutnotout
Posts: 9,517
Opinion:No Opinion
Price:42.60
SBGL
Tue 12:13
pre-market showing SP below its 50 DMA ($2.39)

SGL support at 871 needs to hold else 800 level in play IMO.

GBP exchange rate looking alot better for buying SBGL but i will wait to see if the above level breaks.
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:43.72
Pd in Rand
Tue 11:10
https://gyazo.com/c7d81595b51d48e3d66dcfda98d950ba

Booming big bull market it seems.....pt to follow suit
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:43.72
RE: It is done deal indeed
Tue 11:08
Still tied to SGL Sp mate....ish...so no reason for it to rocket this time imho...GL
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:43.72
RE: RE: Done deal
Tue 11:04
Agreed
whatamess
Posts: 983
Opinion:No Opinion
Price:43.72
It is done deal indeed
Tue 10:45
They both accept the conditions. Majority shareholders have already stated they back the deal. Lonmin should sky rocket soon
Rastuss
Posts: 1,365
Opinion:No Opinion
Price:43.72
RE: RE: Done deal
Tue 10:43
Please ignore the comment re 4% dilution, I expected an interim scrip dividend but have just checked the interim figures again and can't find any reference to one, so assume the 4% issue that went ex in April is the only one they will have paid before the bid finalizes. Apologies.
100notout
Posts: 83
Premium Chat Member
Opinion:No Opinion
Price:43.72
RE: Done deal
Tue 10:29
A reason for the LMI price being higher in London is that the shorters probably realise that it is a done deal and their hope of it failing are now negligible. They will have to buy back their short positions sooner or later...
100notout
Posts: 83
Premium Chat Member
Opinion:No Opinion
Price:43.72
RE: Done deal
Tue 10:22
Fortunately for Lonmin the money from Petrozim will make sure that it has sufficient cash so that shouldn't be an issue. I would be very surprised if the Tribunal didn't wave it through after the recommendation from the competition commission. The unions are stupid enough to try and scupper the deal but I think they will come up against a brick wall as the SA govt will want to keep as many workers employed as possible. The largest shareholders of both Lonmin and Sibanye have already voiced that they will support the takeover.
I agree with Ta that it is a done deal.
Rastuss
Posts: 1,365
Opinion:No Opinion
Price:43.54
RE: RE: Done deal
Tue 09:55
It's taken me all morning to get connected here, so I shall desist until it improves. I think the terms in the SACC announcement are less onerous than journalists described last night. Jabba appears happy with them and I'm not surprised. But if he's happy with them, it's axiomatic that Mr. Mathunjwa will not be and I expect the unions will fight it. It's also got to get through the tribunal. I don't understand why the Lonmin price is at a premium to the bid value, particularly as Lonmin holders are likely to suffer a further 4% dilution shortly. If the unions don't kick off and the tribunal waves it through, it will boil down to Lonmin's cash position. I agree with the view here, though, that Jabba appears pretty committed to the deal. The Board must be backing him, presumably he's consulted them before speaking this morning. Why is Lonmin up in London while Sibanye and Lonmin are down in S.A?

Good luck to holders, again. I'm taking a break until this connection issue resolves itself, it's a tremendous waste of time trying to access this site at the moment,
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.80
RE: RE: Done deal
Tue 09:17
Yes I expect that also....massive reserves as a whole
Ta-trade
Posts: 7,971
Premium Chat Member
Opinion:No Opinion
Price:42.80
RE: RE: Done deal
Tue 09:16
Sibanye surly have to get some sort of incentive from the SA government now? Tax incentives, stimuli?




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