Member Info for 100notout

Rastuss - You and Ta have been busy... Yes High Noon it is. The question is will Jabba be as good as Garry Cooper?

This is all just a game of chess. Seems Jabba is sacrificing a few pawns to win the Queen...

Ruffer are doing the reverse by selling SGL and buying LMI why do you think that is?

I don't have any confidence in the LMI Board so what comes from them is worth Jack. I like the assets and in the right hands with the current PGM prices they could be highly profitable. Even negative brokers have LMI in profit for the next 2 years.
I am still buying but what you or anybody else does is up to them. The difference between you and I Rastuss is I have put my money where my mouth is and as you have previously indicated you have no financial position.

I was under the impression that LMI made a profit in 2018. How much did LMI make again? $100m... Bust... Really.

Ruffer is a Yorkshire terrier.

Lonmin is valued like a UK retailer which is about to go bust rather than a PGM miner. Does the market realise that Lonmin mines palladium and the price is over $1320. Palladium represents about 25% of LMI's total production. The current value is absurd. If Pd goes any higher it is looking like the pe ratio will be less than 1. Even the heavily written down book value is $600m. Yet the mkt cap is less than £140m. Which shareholder in their right mind is going to agree with the sgl terms. So much has happened in the last 12 months. Rastuss rightly pointed out that from SGL perspective that the bid was no more than a 12 month option. Look what has happened since. LMI position has greatly strengthened and SGL position has considerably weakened with deaths, strikes and less profitable production. The takeover is now nonsensical from LMI prospective. Even the current Board can't p**s this up surely...

Sorry - losing not loosing...

I really can't see a court ruling in favour of LMI loosing its licence as that won't help restore foreign investment into SA. It would also be highly embarrassing for Cyril. Sibanye probably would have preferred if LMI didn't get the loan as it put them in a weaker negotiating position. Who has told you that the Lonmin directors are loosing their jobs? It's the first I have heard regarding this.
The LMI share price is being manipulated. If the deal falls through the LMI price no doubt will fall but then rise sharply as it will be rerated. It only needs a few good quarters of progress to see a rapid rise.

Why would a profitable company need business rescue. Lonmin should make a larger profit than last year with the rising PGM's and the $20m plus profit from Petrozim. LMI could easily be on a pe ratio of less than 1 soon. Show me another company on the lse which has this potential.

Rastuss - Yes I realise they sold off the Irish and Canadian assets but in the scheme of things they were hardly worth that much. My point was that if things were so bad they would have sold the Furuya holding as that is worth substantially more than the latter. The Petrozim contribution will help adding $20m plus to the bottom line in this financial year.
The PGM's are all doing well bar platinum which has picked up since Friday and I expect the rise to carry on. The platinum price could rise very quickly. The platinum price is traditionally higher than gold yet at the moment is sitting $450 lower per oz. When platinum does eventually rise I believe the LMI price will be many multiples of the current price.

Caught and bowled!!

That's a first Rastuss...

That's strange Rastuss as most of the women I know prefer to wear platinum over gold. You may have a point because a lot of new money prefer to wear gold as its more flashy and they want to exude money over refinement.

It should be a lot higher than 84p Ta. If PGM's take off the share price will be multiples of this. The current valuation is absolutely ridiculous on any valuation model. I am still buying and will continue to do so.
All this guff about LMI going bankrupt or going into business rescue really is farcical. If LMI were or is in so much trouble they would have sold non core assets off and they haven't. That spells out the bleeding obvious... The Board have and are taking the piss and quite soon they will be shown up for the bunch of clowns they really are.

Is £137m... Lonmin could be making this and more every year. The share price is a joke and is being manipulated. The delay is causing Froneman and his friends from LMI problems because the PGM's are increasing and each day they increase the shareholders will not accept the current terms. The LMI directors will hopefully get kicked out and Froneman will not end up with his prize. He should have made a sensible offer a few years ago. If the LMI directors come out with more rubbish about not being able to make money with palladium over $1300 they really are in the wrong business and should do the honourable thing and resign...

What's that got to do with the smurfs Ta?

Well I was hoping he would remove Grouchy, Greedy and Clumsy and replace them with Handy, Gutsy and Brainy...

But hey ho a little magical potion wouldn't go amiss...

Don't worry Rastuss as Papa Smurf will sort it out...

How many posters on here pretend to be long when they are short...