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Why is everbody adding fuel to the fire. Talk of a placement is just that. If a placement were to take place it Would be in the interests of the existing Institutional Investors to do it at a much higher price and hence lower capital gains tax if shares rise thereafter on Druid drill or larger tax write offs if shares fall following Druid drill.
Evening Breezy, LMI are dropping like a stone and I'm glad I'm not in it. They wiped out private investors BHR style with the last placing and then did a share split. They then went from 40p to £2.40 and have since fallen back. If we think the dilution at JLP has been bad just look at what LMI have done to their investors not once but many times. I think we can count ourselves lucky to be in at these levels with the future JLP have ahead of them. I can't help looking at that SOLG 12 month graph though - 3p to 46p in pretty much a straight line and still climbing, why wasn't that on my watch list. To think JLP could do that would be life changing - oh the thought of it. We can always dream can't we. Enjoy the sunshine my friend and wishing you well. idg69
Quite right fyoz, I asked QFI IR this exact question over 3 weeks ago and have yet to receive an answer. I have asked again and will post any reply!
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 !!!!