Lonmin is the third largest primary producer of Platinum in the world, producing over 900,000 ounces of Platinum and a similar number of ounces of the other Platinum group metals such as Palladium and Rhodium. Its operations are located in the district of Marikana, near Rustenberg, in the North West Province of South Africa.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 30/09/2005)

Platinum extraction: 100%

SP Could pick up from here on in
89 SMA now broached [fib prime]
dyor

taking a bit of a rest till the next step up.....£4.,.

On the move again with good production and smelter working overtime. Very happy holding this one.

Lonmin produced total platinum metal in concentrate of 198,428 ounces in the fourth quarter to the end of September - an improvement of 6.4% from the previous three months.

Platinum sales were 288,280 ounces driven by good smelter performance in the quarter after the Number Two furnace forced shut down in Q3.

For the 2013 financial year, the company said it achieved 750,942 ounces of platinum metal in concentrate, the highest amount since 2007.

The company said: "We maintained the overall operational momentum built since the labour disruptions and achieved an impressive performance in the fourth quarter with 3.2 million attributable tonnes being mined reflecting an improvement of 9.5% against Q3 2013.

"This represents an increase of 1.5 million tonnes or 94.0% on the prior year period when production was affected by the labour unrest and Events at Marikana.

"Total tonnes lost in Q4 due to Section 54 safety stoppages, management induced safety stoppages (MISS) and industrial relations issues were 69,000 tonnes less than Q3.

"Momentum was interrupted in August following the fatality at Saffy shaft and the associated safety stoppage but the operations recovered resulting in the exceptional performance."

At 8:01am: (LON:LMI) Lonmin PLC share price was +9.25p at 337.35p

Looks like the workers are revolting........again, put limit order to reduce 50% just in case.,.

typical!! limit triggered at 318.65 and here it is at 325p..... never mind still well in profit with what I have left.,.

StockMarketWire.com
Lonmin has announced that it has successfully achieved completion of the return to full production earlier than forecast.

Tonnes mined in both August and September 2014 exceeded production reported for the comparable months in 2013 which were 1.0 million tonnes in August 2013 and 1.04 million tonnes in September 2013.

From August onwards, Lonmin has achieved steady-state production at normal levels.

The company's successful ramp up has been accelerated by earlier and stronger levels of employees returning to work than had been previously expected resulting in a rapid, safe and efficient ramp-up of our operations and plants.

Lonmin stated that it has experienced strong performance across all its operations and that cash and balance sheet management has enabled the return to full production to be completed well within the Company's existing financial resources.

The company added that it was pleased with the ongoing strong response from its entire workforce and in August announced the restructure of its senior executive management team to facilitate the forward momentum of the Company, which it said was proving effective.

In addition, the three-year wage settlement achieved in July continues to facilitate a constructive relationship with all employees.

Lonmin said that it will update the market in greater detail when it releases its Q4 Production Report and announces its Final Results on 10 November 2014.

StockMarketWire.com
Citigroup has upgraded its recommendation on platinum group metals (PGM) producer Lonmin (LON:LMI) to 'buy' from 'neutral', given the share price fall since Glencore announced its intended distribution of Lonmin shares, on 10 February.

The broker pointed out that the shares are down 36 per cent since then, but acknowledged this is partly due to the fall in the platinum price.

"The fall has taken the price to a level which now offers 29% upside to our target price, despite us reducing that target price from £1.87 to £1.45 because of the fall in the platinum price and due to a re-evaluation of costs," analysts said.

However, Citi added that it considers the stock as high risk, especially given the Trade Union risk and enhanced PGM price-sensitivity.

Hmmm - tempted!

YUM!

ubs 45p and sell rating - will the others follow?

http://www.4-traders.com/LONMIN-PLC-4000608/news/Lonmin--UBS-CUTS-LONMIN-PRICE-TARGET-TO-45-75-PENCE-SELL-20764749/

Carnage! Doesn't look like stopping the plunge any time soon either.

Hope you weren't tempted skinners!!

Splat - I had a dabble (small SB) yesterday @32.15p - holding for now!

Bloody hell! I wonder if it might be worth holding a few just on the hope that being this cheap, some other company might find the cash to make a bid? Huge debts though, I believe.

What with afren and now this one......... not appy :(

Yes Afren looked cheap at 60p ,clunk !

A problem I'm having at the moment is valuing some of these bombed out commodity plays.

Have a read of 84 post here.

Blimey - in auction +9.3%.

Strong volume today and yesterday.

In auction again +19.1%.