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London Mining Share Chat (LOND)



Share Price: 4.17Bid: 1.50Ask: 1.70Change: 0.00 (0.00%)No Movement on London Mining
Spread: 0.20Spread as %: 13.33%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 4.17


Share Discussion for London Mining (LOND)


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Mrlithium
Posts: 141
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (5)
RE: Spikey
Tue 20:56
And have any other holders in London been onto pure and have been made an offer please tell thanks mr lithium
 
Mrlithium
Posts: 141
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (5)
RE: Spikey
Tue 20:55
So pure65 tel me what kinda of prices are you offering other holders of London for there shares
pure65
Posts: 11
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (5)
Spikey
Tue 20:47
Being suspicious is part of the practice in this world but I think anyone who contact me will
tell you I am serious about making the transaction unless they hold too few shares.
As you probably know from experience, your position often sets your action,
for example, I wouldn't expect anyone who holds since 100 to sell it to me at 1,
but I would expect it from someone who bought in the last days.
Now, you don't know my clients position, lets say he sold at 20.
is it logical for him to try to close at 1, and avoid even a little chance of recovery ?
Another thing you overlook is the collateral effect.
holding a short position demands money sitting as collateral.
since the price now is relatively high and the trading stopped,
it prevents using the money for other trades.
And what if that money or part of it is a credit/loan ?
Not posting to convince you but for the sake of argument,
trying to show you that the view changes according to your position.
Mrlithium
Posts: 141
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (3)
RE: Is this a joke
Tue 20:11
Thanks spikeyj for the reply , it just seems crazy that this guy wants to buy shares which are supposed to be worthless or are they the plot thickens ,in my mind the money gone but never say never gla mr lithium
Spikeyj
Posts: 8,265
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (3)
RE: Is this a joke
Tue 20:06
shorters do not need to close out to make their money
if the company is going to be dissolved.
the short is not null and void when that happens,
rather than shares become valued at zero
when formally declared void.

but it is possible that an impatient shorter who doesn't want to wait for the shares
to be formally declared null and void through company dissolution
might prefer to close out their position by otc purchase of shares while in suspension.

only real logic i can see for doing that would be to avoid the [tiny] risk
for the shorter that the company shares do end up
being relisted and trading again still as Lond post suspension
with some value being preserved for shareholders after all.
the probability of that seems very, very, very low at this point.

(i suppose the other motivation might be something fairly specific in a poorly drafted contract
between a shorter and someone lending them shares which allows the lender
to demand the shares back at a certain time, even if shares are in suspension
-- but surely, any competent lawyer should have foreseen and prevented that contingency??)

overall, does seem very odd that someone wanting to purchase effectively worthless
lond paper does so via touting on an LSE bulletin board -- i find it very hard to believe
that any professional agent needing shares for above reasons would not have much easier
access to larger supplies of dud shares by other channels than touting to pis on bbs.

so while I wish anyone here luck in trying to get even a small amount for tidying up,
i do suggest caution in giving away any personal information etc. to this poster.
it is also generally advisable to be careful about posting email addresses on the bbs,
since they can be harvested and sold on which can generate spam etc.

i am not sure whether or not these kinds of postings are permissible under lse bb rules,
so i have reported them anyway just so that lse admin are aware that the bulletin board
is apparently being used for this purpose, and they can take a view about
whether or not this is a permitted usage from a newish and relatively unknown poster.
Mrlithium
Posts: 141
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (3)
Is this a joke
Tue 19:48
Or does pure and morgan Stanley know something
Max_Power
Posts: 81
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.17
View Thread (2)
RE: To be continued
Tue 16:58
I am willing to sell

20680 shares
Bakes53
Posts: 9
Off Topic
Opinion:No Opinion
Price:4.17
Selling
Tue 15:38
I have about 70,200 @ 0.05 (Some I brought at 0.38!!!) No sure how it works selling though as no access to them via the bank etc...
pure65
Posts: 11
Off Topic
Opinion:No Opinion
Price:4.17
reedy
Tue 13:39
Skip one night out this month and you are covered :)
itisagame
Posts: 3
Off Topic
Opinion:No Opinion
Price:4.17
pure65
Tue 13:07
i got 84k @ 5p if u want them PM



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