Lonmin

[Sukkel]

Got some very solid info on lonmin, price prediction of R65 by Sept2016, and thats at the current Plat price of about R960. If plat does however go towards R1200 like predictions that fig could go above R150 . Im stocking up from monday, by this time next year i might be retired...haha

[prancing_horse]

Or a car guard.

[kwagga]

Solid info ?? Lonmin is cash strapped. Their empowerment partner dumped them. A speculative frenzy followed, and now you want to buy ?? A little too late if you ask me.

[#4]

lets see. Cash costs per ounce, including financing, is around R1450 per ounce. Lonmin seems to sell at around a 20% discount to the spot price of Platinum, so current average price per plat ounce is roughly R1200 odd. So not cash positive at all. Now for the bad news - it is strike season coming again soon as all labour agreements have basically expired, as I understand the analyst reports.