Member Info for 100notout

He wants LMI badly and if he had to pay treble the current offer he would still have a good deal and he knows it. Platinum is oversold and is due a substantial rise within the next two years imho. The longer this delay goes on the harder it will be for SGL to takeover LMI as investors will realise that the current offer is not worth taking. The risk reward has swung in LMI's favour. I will not be voting for the takeover and I know that I am not alone...
I find it rather strange that so called holders of LMI are so negative with regards to the future prospects of the company.

If Jabba's position was reversed and he was running LMI I very much doubt he would let it go for a song. A lot has changed in the last 18 months and the current share price does not reflect this. LMI was dragged down because all the problems at SGL including multiple deaths, high debt and strikes. I think that LMI shareholders expose themselves to greater risks being part of SGL than continuing to be an independent company.
Note; the Rand has depreciated.
The PGM basket price has increased and is increasing.
No banking covenants (the favourite tool of the shorts).
Sale of assets that are valued at zero.

Whatamess - I don't know how long you have been following this thread but I am sure you have figured out by now that Rastuss only has one view with regards to Lonmin and that view is negative which is his prerogative. The Rand is fairly weak and will probably get weaker with the elections coming up so that's a major positive for LMI as of course is the PGM basket price which is rising. I think the profit this year will exceed Last years $100m profit especially considering the sale of assets which have been valued at zero. The current management have been very poor but as time passes it will be clear that the SGL takeover considerably undervalues LMI. The market will wake up and rerate LMI at some point. Certain funds have been increasing their positions recently so I am not alone with my assumptions...

Mkt cap less than £200m. What a joke...

Platinum is looking good.

I disagree Rastuss - Uncle Joe definitely seems stupid enough to consider Lonmin being part of Sibanye but its not yet. LMI is still considered a British business as it's registered office is in London.If the AMCU workers continued to strike they could be sacked... The only place Uncle Joe is going to lead anyone is up the garden path. I wouldn't be surprised if the AMCU membership dwindles soon as I am sure some of them would prefer to be in work rather than out of it for good. LMI have also said that they are going to delay redundancies so AMCU would be best served supporting an independent future for LMI for all stakeholders rather than trying to destroy it. Judging by his comments he is stuck in the past. The world has moved on and he would be best advised to do the same.

I see that Robert at Bluecrest has reduced his short as of yesterday. It looks as though he thinks LMI are going to go up now.
ABSA which own 4.5% of LMI is short 4.5% too. This is rather questionable wouldn't you say?

Don't worry Rastuss the wording is a little ambiguous.
My concern was with the strike at Lonmin. If it considered unprotected and unlawful then LMI can sack the workers. I am sure AMCU will recommend its workers to get back to work after the seven day strike.
I see this exercise as posturing by AMCU by putting pressure on the other platinum miners to persuade Jabba to give into Uncle Joe's demands. Jabba is not going to give in though is he... After all he has PGM production outside S.A. That wasn't a bad move by Jabba was it? Its not a bad card to have up your sleeve.

I don't trust the bent analysts and journalists.

Don't worry about it Ta.

If the AMCU workers don't turn up for work without good reason they will be sacked and replaced with people who do want to work. How the hell can this so called strike be legal...
With regards to that clip it is old news and has been out since Tuesday. Note the LMI price went up on Tuesday and yesterday...

It clearly states in the Lonmin RNS that the strike will commence on the 28th February until the 7th March. That is one week is it not...
They have as you rightly commented Rastuss given one week notice as its the 21st Feb today.

Well it looks as though they are striking at Amplats too...

With respect Rastuss you have been saying that LMI will go under for years. A one week strike isn't going to bankrupt Lonmin is it? It is best to look at the real facts like the rising PGM basket price and the depreciating Rand. If AMCU have this sympathy strike they will have to have it all platinum mines including your beloved Amplats otherwise this strike no longer becomes a lawful sympathy strike. The only party in relation to all this whom might become bankrupt are AMCU if they choose this ludicrous path.
Lonmin do not need another takeover or indeed the current takeover for that matter. The market doesn't seem to bothered by today's news. I have my suspicions with regards to the shenanigans that is going on. With regards to SGL you may find the hunters become the hunted...

I just don't buy this... Lonmin has been played. Interesting to note the recent trade volumes increasing of late. Certain posters have been saying for ages that Lonmin has no future. Some clearly think so if the buying volume is anything to go by. It seems that someone wants to halt the upward rise in the LMI share price. Now if AMCU didn't want the takeover to proceed why are they doing this? If anything they are playing into SGL's hand wouldn't you say?

Whatamess - That's the type of question that Lonmin's legal counsel will be addressing with AMCU. This situation is very embarrassing for S.A to say the least. Lonmin is still considered a British company as it's registered office is in London. The action here is very transparent and if the S.A govt want to stamp out corruption this would be a good place to start...

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....

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...

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...

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...

Sorry Ta - That was suppose to be You're not your...