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%

Yes, very funny.
They increased their holding by 5.5 over last week

oops, repeating

So it was CONsolidated 100:1 - is that it? - along with some juicy rights issues.
Perhaps that explains why it was very, very low and now is respectably high at about 50p.
Today, Monday the sp has risen a little along with most miners ( Polo Resources ( on AIM ), is up 50% but it had almost fallen off the chart at 2p.

Any views on Lonmin as a major producer...presumably that will continue since it is a commodity producer and suffers when the metal prices are low ( nowadays )...?

Maybe best to wait until the New Year and see what fall-out there is, if any into 2016 - at least then their position should have stabalised a little.....EDIT- seems to be moving up with Mining generally - perhaps folks can see that we will need Metals (etc.) so I've bought v few at 68p . . . .

Is the situation that bad for this company?

the production cost is to be sustained around 10800 rand = $635 at conversion rate of say 17rand to $1

As long as platinum doesn't fall below $635 it will be in profit for every oz.

rough guidance 700000oz a year at current price $835 per oz is £140m profit (£200 profit per oz)and this is low end of the platinum price (talk of this being bottomed out)

So all in all..do your sums....especially when plat(if) reaches $1000 per oz.

Very cheap now, bearing in mind plat is one of the rarest metal and hardest to mine long term prospects is very good for pension pot.

JP Morgan Cazenove today reaffirms its overweight investment rating on Lonmin PLC (LON:LMI) and cut its price target to 167p (from 325p).

price of platinum has been climbing nicely,

has I type 888$ a ounce

platinum now at 899$ an ounce

platinum at 908$ an ounce

platinum at 923$ an ounce

up up and away platinum now at 946$ an ounce

They profit if the price is higher than 775... It has never gone below 800, and moved up to over 900.
Share price should pass issue price, 100p.

3.3% is now in the hand 0f the shorters.

Shorters will be betting that "mining" is likely to remain in trouble for some while, due to China flooding the market//not making much.
However, this is wrong for two reasons:-
1) China may have slowed down, but the world continues to need platinum products - and with "Diesel" being out of favour, I suspect more Platinum will be being bought at low prices - moreover I wasn't aware that China was a big consumer of Platinum....not being too concerned about car-emissions, etc. But this could change very quickly, leaving "shorters" with red-faces.
2) Mining is generally sick due to overcapacity...and those mines with higher costs will close, so the Market is contracting, even though the price dives. That is a good opportunity for merchants to buy-forward, thereby fixing their costs into the future - and this means the likes of Lonmin/Rio etc. will have modes levels of work - and will adjust their factory/workforce to suit the lowered Mfr. needs.

It only needs one big Co to notice this is happening and all shorters will be running for their brokers.

platinum now at 954$ an ounce

yesterday I purchased 150 shares in lonmin, @ £1

nice to make profit for a change

Always good to make a profit.......don't forget to actually take it though.....possibly looking a little overbought atm.

Since the consolidation I am the proud owner of ........ 4 shares with a average value of £28/share. Think I should average down..... lol.

Deutsche Bank today reaffirms its sell investment rating on Lonmin PLC (LON:LMI) and raised its price target to 45p (from 42p).

Today good figures should do a good thing for the charting from, since early March is on the way process of culminating a A CUP & HANDLE, at the moment is on the late stages of the Handle before reaching the breakout 195/198p