Member Info for 100notout

I wasn't a huge fan of Doctor Who but I did watch it back in the day. I have met Tom Baker quite a few times and he is a friendly chap... I take it that you are into sci fi with your interests in Star Wars and Dr Who...
Has the Doctor told you what the next use for Pt is?

Know not no.

This says it al; Sibanye-Stillwater reserves the right to set aside the no increase statement if a competitive situation arises under the circumstances prescribed by Note 3 under Rule 32.2 of the UK Takeover Code.Chancers...

Whatamess - I agree we will be inundated with the usual rubbish from a certain poster. In fact he or she has been rather quiet today, probably watching old Doctor Who episodes I expect. The market obviously think that LMI is worth more being independent hence the LMI price being higher than SGL for the first time since the takeover was announced. They offered £1.00 a share nearly 18 months ago yet they expect us to take the equivalent of 60p. I hope PIC have the balls to say no. They can sell off their SGL holding and lend the money to LMI as it would be a better bet for them in the long run. It seems like the LMI Board want this to go through hence the RNS as they no their days are numbered otherwise... It looks as though things will hot up here. If PIC are contemplating saying no what are the chances that there are other large holders thinking the same...

Don't forget the safety issues at the gold mines. There were a lot of casualties last year. The current valuation of LMI is a joke. The current MKT cap of circa £170m is far too low by any measure. They have net cash of $70m and are going into the stronger second half. I would prefer LMI to stay independent as I believe the LMI holders will do far better being a separate identity. Its only a matter of time before Pt rerates and is once again higher than the price of gold... The Board need to be kicked into touch as they have been next to useless. If PIC say NO then I would expect LMI to go over 100 in the short term and rise from there imho.

They would probably insist that a new Board is put in place. It would be interesting to see what happens to the LMI price. My hunch would be a large spike upwards. What are your thoughts TA?

They will decide on Monday apparently. The last increase was meaningless. SGL need 75% of the votes for the takeover to succeed so basically PIC can scupper the deal. They should offer 2 SGL shares per LMI share. SGL would still be getting a bargain imho...

It certainly would Whatamess. This time next year Rodders comes to mind...

Most on here are probably invested on LSE.
Yes, I do like cricket and play the odd match.

zp - Check out the LMI price in SA.

Is higher than SGL. We haven't seen that for a while...

Matt - SGL are down most probably because of the fall in PGM's. Will no doubt rise strongly once the LMI acquisition has completed. Once they have acquired LMI they will most probably be a bid target themselves. They had no problem with raising $120m at R15.50. I think that the synergies with LMI will help them dramatically as their gold operations seem problematic...

Have seen off AMCU and have the go-ahead to proceed with the proposed takeover. It's down to the shareholders now. No doubt the SGL holders will unanimously vote in favour of the deal as they are getting a bargain.
I wonder what negative spin Rastuss will put on this latest news...

Same old negative rubbish as usual. LMI has a brighter future than most other listed companies. There are few companies which don't have debt. LMI has cash and is sitting on top of a PGM mine. One has to look past the short term to see the bigger picture. With regards to being right Rastuss you usually miss the mark by some distance. If you were right you wouldn't be posting the usual domesday scenario right now because according to you LMI would of been bust last year. I will give you full marks for persistence though...

Strangely enough there is more negativity here now than ever before. Previously the concerns were the low bp basket price, banking covenants, the furnaces and the potential strikes. Oh and lets not forget the 15p broker target from that fool from Liberum. His vanity must have taken a bit of a knocking too...
There are no banking covenants to worry about, LMI has net cash, potential of Pt to rerate in the next 18 months and a reduced workforce to name a few.
The negativity banded around here will be for someones advantage. My guess would be SGL's. Pretty desperate I would say...

They are loosing their best middle management! Whom would that be Sithole, Nkosi and Dlamaini?
What bs are you going to come up with next. Really...

Whatamess - Unfortunately for Rastuss his or hers vanity has been knocked as LMI are still going and should continue to build its cash pile in the second half. I have picked up a few more today as this price seems far too low... Some holders must surely vote against this deal now.

Rastuss - They made a loss of $32m for the first half of 2018 yet made a profit for the year. Did you not notice they have net cash of over $70m. I was under the impression that you thought LMI would not be in a net cash position at this point. LMI are still operational and will be in years to come. I am happy to hold LMI and wait for the inevitable rise in Pt.

Davde - I agree that LMI should be making more money but lets not forget the first half is traditionally the weakest. I wouldn't call $70m profit for 6 months marginally profitable for a company that is valued at £185m. I presume you are being sarcastic...
The last thing that LMI needs is this takeover from SGL. What LMI needs is a new Board...

According to Reuters LMI tumbled down 6.1% due to a revision. So they will probably be on a PE ratio of 3 instead of 1. How many other mining companies are valued as lowly as LMI...