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%

463p now... still a sell.

chart let me down this time :(

Final Results

HIGHLIGHTS

• Commendable operational performance in light of circumstances

o The tragic events at Marikana significantly impacted operational and financial results
§ Impact of 110,000 ounces of mined Platinum
o Saleable metal in concentrate down 5.5% to 679,821 Platinum ounces
o Platinum sales of 701,831 ounces - down 2.6% on 2011
o Improved safety performance - LTIFR of 4.16 per million man hours worked vs. 4.71 in FY2011
o Immediately available ore reserves at 3.3 million centares, up 14% - healthy levels aligned to creating operational flexibility to respond to market conditions
o Further improvements in grades and concentrator recoveries
o Number Two Furnace commissioned on schedule in July 2012 and Number One Furnace successfully modified and operating well

• Financial results

o Underlying profit before tax $57 million
o Special costs of $755 million, including $159 million for costs related to illegal work stoppage and impairment of Akanani exploration asset at $602 million
o Resulting loss before tax of $698 million

• Balance Sheet restructuring

o Underwritten Rights Issue to raise c. $817 million announced separately today
o Amended banking facilities - strengthening financial position

• Focus areas FY2013 onwards

o FY2013 guidance of 680,000 Platinum ounces of saleable metals in concentrate, and sales of 660,000 ounces
o Targeting Platinum sales in excess of 750,000 ounces in FY2014 and FY2015
o Unit costs to increase by around 10% to ZAR9,350 per PGM ounce produced in FY2013
o Capital expenditure of $175 million for 2013 financial year
o Attractive long-term fundamentals for PGM markets remain, despite short-term volatility

Roger Phillimore, Chairman, said: "The publication of today's results closes a painful chapter in Lonmin's history. There are many lessons to be learnt and these will inform our actions in the future. However we are now looking ahead with renewed confidence. We have secured our financial position and we have a clear strategic plan that management and workers alike need to deliver on for the sake of all our stakeholders."

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Glad I hold these.......not!! bit of a drop is under statement.,.

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Removed: just seen notification on halifax and rights issue detail, offer at £1.40.,.

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only way is up........ i hope, if they can keep the work force working might be a fighting chance of profit but will take time.

Looks like lonmin climbing steady, good profit at mo and holding.,.

good strong start again.

up 3% so far £5 by xmas .,.

up again 2% this morning, we're on a roll.,.

Is it a cheese roll?

nah, bad for my cholesterol, just had a chelsea bun and coffee though :))

4% cracked now...... gibby yyyyyyeeeeeeeehhhhhhhhhaaaaaaa needed.,.

4% only worth a yeh lol thats more of a 40% rise

i'm happy, thats what counts. ;)) 4% a day keeps the bailiff at bay!!

Touching the 50 day MA -