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A 1.6m trade at 3p..does not bide well.
Hi idg69 Had a great bank holiday and i hope you did to. I would be a very worried man if i was invested in Lonmin as they could come to shareholders to bail them out again.As for jlp you are right we need finanials to show the market we are earning serious cash and they will than re rate the share price. If it drops to 4p i might buy a few more as this will come good very soon.All the best breezy.
Hi Breezy, hope you had a good bank holiday weekend. The news is pretty positive from the webcast but I'm not sure they're a good idea - they certainly don't help the share price, they are restricted to what they can say because of market sensitive information and raise just as many questions as they answer. They should spend their time on producing timely, professional and accurate RNS's backed up with some financials from time to time. The markets like numbers and positive ones, not Colin Bird sat on his sofa looking frustrated. Can't see a long term future for Lonmin either, they are burning through cash with no profitability in sight. This would certainly cause ripples in the platinum market. Keeping the faith and staying patient at this end. All the best my friend. idg69
LOOKS LIKE ITS ALL OVER? Well tradingup on the face of it I think you could say that, but I notice a lot of medium trades today and one at 9.0am for over £54k and I then read this [link] so the options that I have is to hold or sell at a 70% loss with shares delisted from AIM selling at a later date will be hard. The issue for me is that the company is expanding its sales and would have potential so holding and waiting for this power struggle to pan out may be better than a fright reaction to sell.
Totally agree with You. That is exactly the situation as it stands. The paid basher Will no doubt Have a problem with it though !!!!
Compared with bankrupt last year we have a company with no debt and 30 million cash.We have a very strong oil savvy board with the addition of Pat Plunket and Angus McCoss.We have an impending drill for 5 billion barrels of oil with the most efficient rig available based on advice from the best company in the world {Schlumberger}at a cost of 18 million and the possibility of a further farm out reducing the risk to zero.still maintaining 30 per cent interest.Hands up all who think that speculation and negative comment is in the best interests of shareholders at this point in time
Does anybody really Believe that Davys attributing 10 % Success rate to Druid drill means anything. So Schlumberger with all their expertise carry less weight Than Davys. Jimmy is very rigorous it seems. By the way Jimmy explain to all your interest in investing Many many hours in commenting on PVR ( a company in which You Have no shares). You are a paÃd basher it appears or else Have a personal dislike of PVR for some reason.
Jimmy, Why are you so keen on pvr assets? Cant you comment on other plenty of companies in lse.