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%

I charge for this




After a truly dreadful five years for the sp, could this company become a hot commodity again. There are talks the sp could double. The company hit a low of 241
in early Nov, a price less than a quarter of its early 2010 peak. The share has now bounced through 294p a decisive struggle between bulls and bears being the key territory a week ago. If this critical support holds this time (had the 294 support in 1999) it will surely encourage technical traders to pick up the stock once more.
An increase in trading volumes suggests a good two-way battle , but the bulls may well hold the edge. Long term support at £3.70 then a possible surge to £5.58.

AYDYOR

No bother Baler :O)

Going to head North (see post 80, AUDYOR)

cheers DC, buy you a steak when it hits £10.,.

I have not gone as far as £10 lol, if it gets that far it must be worth a starter, steak and chips (fillet by the way) a sweet and a couple of beers. lol and thats cheap for the sort of advice to make your fortune. :-))

Not knowing much about platinum prices, it looks like the current price is good compared to the past Bb.

snap!!

So no one got the 'fish on the hook' in post 73?

It escaped :))

LOL.

I see hooked and upwards. Whats for heading South. lol

There you are Bb fish on the the hook advice, my advice (lol) your going to be worth a fortune.

Just trying to keep up with you DC..... lol

Amplats, majority owned by Anglo American, is to shed 14,000 jobs in South Africa, mothball two mines and put another up for sale.

Two mines in Rustenburg - Khuselka and Khomanani - would be put on long term care and maintenance, while the Union mine would be sold. The company said the plans were vital to save the company.

The decision to cut back follows a drop in the price of platinum and soaring costs. But it could provoke another series of strikes following violent protests last year, even though the company said it hoped to create as many jobs in the area as those lost under the restructuring.

Anglo American, which owns 80% of Amplats, recently announced Mark Cutifani would take over as its chief executive from Cynthia Carroll in April.

Investors seemed to welcome the news, with Anglo American's shares currently 10.5p better at £20.47.

Johnson Matthey - which refines and recycles platinum group metals - added 55p to £22.98 as it said it would consider the implications of Amplats' plans on its relationship with the company. Credit Suisse said:

We calculate a total 15% cut on Amplats production (400koz) will hit [Johnson Matthey] by around £2m due to lower marketing commissions. We believe the net effect on refining will be neutral with less mined volumes (14% inputs) but more recycled product (75% inputs).

But [this will be] offset by positive pricing impacts: A 10% increase in the basket of precious metals has a £8m or so benefit on earnings before interest and tax.

The news has lifted other platinum producers, with Lonmin up 15.9p at 348.5p and Aquarius Platinum adding 7p to 72p.

My 4% gain yesterday gone, taking a rest before the next leg up........i hope.,.

That will be the barb on the hook!

having sold 50% whilst sp was resting and not taking advantage (greedy) of the drop to 316/15p have had to buy back a bit smartish this am with great rns issued.,.

heading for 10% rise this am.,.

don't you just love it when a plan comes together....352p yyyyyeeeeeesssssss!