Lonmin Share Price (LMI)

LMI holders got completely and utterly shafted. The takeover should have never happened. It just goes to show how inept and corrupt the market is. Liberum had a 15p target on LMI. Any guesses to what the value would be today? Liberum mining analysts seem to get it wrong don't they. They were bullish on SXX and had a 90p target on them. Shame on them...

Still all I have is a share certificate from X-O for LMI shares, nothing else, I was expecting a conversion to SBGL and receive a new certificate for those. Who knows....

Of LMI would probably north of 250 if was still independent. SGL got a cracking deal. This will probably turn out to be a transforming transaction for them... At least SGL are having a decent run.

I have exactly the same issue as stevieboy11, I held my LMI shares with X-O and they converted my holding to a LMI share certificate. I've still not received anything related to SBGL, are we meant to do something with this or continue waiting for more information on a conversion?

Hi, I have these in a SIPP with AJ Bell. They are now valued at 0. The message from AJ Bell is
"We have been chasing both the registrar and our counterparty for an update regarding the outturn of this Corporate Action. Unfortunately, we have not heard back as of yet. Nonetheless, we are continuously chasing so that we can provide shareholders with an update as quickly as possible."
I'm not very impressed bit I assume I'll get my money back at some stage in some form.