Member Info for 100notout

What do you use to shoot them a .375 H&H or something a bit larger like a .500 nitro express?

Rastuss - The LMI Board are not up to the job. They have proved that year after year. The PGM basket will probably be higher this year coupled with the potential money from petrozim it is highly unlikely LMI will go bust. If they really were that concerned they would have sold off the Furuya investment and the luxury safari park to boot.

They dropped them to 50 at the close Ta so the rise looks exaggerated.

The Board haven't released the figures as they don't want the share price to rise and more importantly they don't want Uncle Joe to know. The Board want the merger to go through because they will be outed if it doesn't. Uncle Joe knows that LMI has an independent future and he is buying time with his cunning little plan. With respect to him he wants to save jobs at LMI as he knows Jabba will get rid as many as he can as he is more interested in certain shafts and more importantly the smelters and refineries etc. Any guesses for the pe ratio for the end of this year...

You never know Rastuss, you maybe cleverer and better informed than them...

Results - probably Monday, but could still come this week. Who knows with Lonmin...

Maybe Ruffer sees an independent Lonmin making lots of money...

TLW - I am just going to sit tight with SPI as I think they will come good in the end. It can be irritating to see the share price repeatedly rise to then fall but sometimes you can get caught out. I remember that once I was impatient with SOLG and sold a large amount of shares to see them rise tenfold in a matter of a few months. I could of sold these last week and bought them back again but it would have been sods law that if I did they would have announced a takeover proposal with the update...
MDC could still be interested but would most probably offer shares instead of cash. There are a few other contenders who could strike at any time so as I said I will just hold tight. Good luck, what ever you decide.

A very fair and balanced summary Rastuss..

A takeover is the most probable outcome here but who knows when it will happen. It could happen on Monday or in a years time. A potential bidder may think that now is the best time as Brexit factors are already factored in.

Marshall wace increased their short on the 15th Jan. Lets hope they get caught with their pants down when SPI receives a bid approach.

You wonder sometimes if the market realises that LMI actually produces pd. Hopefully they will take note once pt starts its long awaited rise...

I don't think that the pt price is just reliant on the auto industry. The pt discount to gold must be the largest its been for quite some time. There has been an outflow from pt etf's but I expect at some point traders will wake up and switch from gold to pt. When this happens the re rate could be substantial and again pt will be materially higher than the price of gold. I think Ta's move into plat at 20k a point will be very rewarding...
Even if the next set of figures are good the Board no doubt will paint a bleak picture to save face.

The way I see this situation is that if LMI are taken over by SGL the upside is limited. I don't think that we are far away from a substantial rise in platinum. If SGL doubled in price you are only looking at still less than 100p per LMI share. If the price of platinum does increase LMI will be making profits that would equate in having a much larger mkt cap than £130m. AMCU are playing a blinder as they are buying time. If the platinum price picks up in the next 6 months shareholders would be mad to accept the current SGL terms. LMI has the potential to be making more profit than some of the ftse 100 companies...

I thought you were Ruffer Ta!!

That's some change Ta and Rastuss may even take a punt... Has Princess Leia persuaded you both to see the light and withdrawn your temptations away from the dark side or have you been puffing on the magic dragon?

That's a relief... So you want to chain her up now in her bikini?

Are you referring to the baggy white cloak she wore? Doesn't do much for me...
They could be more persuaded by my thoughts but you never know Rastuss...

Have you noted that Ruffer aka the Yorkshire terrier are still switching from SGL to LMI. Maybe they read this Board.

Grace Kelly was certainly a stunner but if Katy Jurado was out there count me in as I would go to her rescue. Better start cleaning my guns...

Yes, you are right it could turn out to be a turkey shoot...