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Or legally fight this now!....amcu will still strike if they get to take lmi over imo
All about LMI imo...jabba needs to withdraw from the deal asap
One week to the strike starts not a 1 week strike
They want that $260 mill mate....lol
https://gyazo.com/911151c3bb259578aaa0b311750b676e
A picture says a thousand words
The amcu dont care if its illegal the last pt wide belt strike lasted 5 mths and it hurt....70% staff amcu @ lonmin 100
After the company keeping on workers since favourable PGM prices they are going to strike at lonmin! this is what the socialist commie does 100....steels and loots...then we have the wage talks in april...this will kill any profit as the last 3 year deal did...amcu are wanting the mine nationalised
I think you will find Ta that the proposed strike action is illegal. The timeframe is one week. Are you really suggesting that will bankrupt LMI. I don't think so....
Point is who will and will it be from the liquidators? Chinese own it imv the metals deal crowd...fits in with the commie stance
SGL WILL NOT GET LMI IMV
Jabba is at war LMI has $40mill net cash...been long PT for this playbook...caution required SA is heating up and the sector could blow up if a deal is not made 2014 was painfull but the amcu can and have withstanded it and can imv again as its gained them members
AMCU obviously don't realise that LMI are not part of SGL yet. The grounds that AMCU are striking on is tenuous. LMI should take a strong legal stance and sue AMCU for lost earnings. Having said that they may have grounds for sacking AMCU workers for sticking without good reason...
sbgl up 10%....really this should go up tomorrow 6-10% imv
Would have to be a military coup and a collapse of Parliament as well a legal rights of all stakeholders...imo
LMI shares are currently discounted by circa 19% in relation to SBGL so they offer a instant profit on takeover all things being equal for people wishing to invest in SBGL, this maybe the motivation for buying LMI instead of SBGL.
Whilst the increase in the PGM bp and the depreciation of the Rand has made the chances of LMI surviving on its own, they probably need the PT price to improve by 15-20% minimum over a sustained period to survive on it's own! The Capex required to make LMI truely sustainable in the long term is significant and not currently likely! If the EFF gets in Rand will collapse and LMI will be very profitable in Rand terms unfortunately they will have nationalised LMI!
Couldn't agree more Ta with regards to the management and SGL holding LMI back. I reckon it would have been a lot higher than 120 though...
As per 2016,s run at impala LMI should be £1.20 at the moment....the management are not doing enough for the company imho 100 and the SGL thing is holding this back and with elections in may thats not great
Yes I think they will survive as they have been through a lot worse. The PGM basket must be looking better with the increase in pd. I don't think that we are to far away from a big spike in pt. The current price could look like a real bargain in a year or two...
Not sure they would survive 100...you think they could?
And Majedie Asset Management. Wonder what is going on, hopefully positive
Sorry Ta - That was suppose to be You're not your...
I didn't think you wanted LMI to go it alone Ta. I think your right about it being way undervalued. The current price should have a 2 or 3 in front it for starters...
SGL pulling out of the deal? if so this is way undervalued
Quite sought after today, does someone now something we don't.
Still switching 4.22% lonmin holding now.....exor still holding LMI
Have noticed a good few these past few days
Yup will see some detail hopefully!