Hello Share Mates. Sometimes it pays to study the trend of a company, as well as its fundamentals. If a share has been overbought, there’s no reason why it cannot be further overbought. Indeed if there seems to be a bandwagon rolling, more investors are likely to climb on board. With that in mind, I suggest you might take a look at Lonmin (LMI), the gold and platinum miner...
When it comes to precious metals, all the attention has seemingly been on gold and silver recently, but I think that people are making a mistake if they ignore platinum and the possible upside there.
Lonmin (LMI) is a company that I have followed closely for several years, but after the latest updates this week, and with platinum still looking weak, I wouldn’t be in any rush to buy.
Lonmin PLC (LMI) was one of my best performing share tips during 2016, and following the recent pullback I think it is well worth another look.
Lonmin (LMI) shares have had a fantastic run since the start of the year, but if you haven’t already cashed in now might be the time to start thinking about it.
Hello Share Plungers. Miners have had a really bad time of it. But the thing about bad times is that there are cycles at work and bad times can become good times. The tragedy is that recoveries only rarely equal and, even more unusually, exceed pre-crash levels.
You may think I am mad in tipping Lonmin (LMI) but here goes. Platinum had a terrible year in 2015 when it’s price dropped by around 27% and now sits at just $850 an ounce. The precious metal had already seen a decline to below $1000/oz, but the drop in more recent months can at least in part be attributed to the Volkswagen scandal over emissions from its diesel cars being falsified – that news alone led to a 4% fall on the day it was announced back in September.
John Meyer of SP Angel this morning comments on Base Resources (BSE), Lonmin (LMI), Metminco (MNC), Ortac Resources (OTC) & Serabi Gold (SRB) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
A month or so ago I wrote a piece suggesting that people avoided Lonmin (LMI) at a share price of 62p. Although it looked cheap at that price I could see further downside based on funds selling prior to the South African platinum miner’s exit from the FTSE250 in the quarterly review.
John Meyer of SP Angel this morning comments on International Ferro Metals (IFL), Lonmin (LMI), Petropavlovsk (POG) & Stratex International (STI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
It can be tempting to buy into a large company that has seen its share price tumble and looks cheap. But usually it is very hard to predict where the bottom is once some of these companies have been in a downward spiral for a prolonged period of time, and that would seem to be the case with Lonmin (LMI).
John Meyer of SP Angel this morning comments on Anglo American (AAL) and Lonmin (LMI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
While the smart money and perhaps not so smart money has been looking for a lasting recovery in the mining sector/precious metals space, it is difficult to say that even after more than three years in the doghouse any of the key protagonists have really managed to get back on the front foot from a technical or even fundamental perspective. This includes Lonmin (LMI).
Platinum mining in South Africa probably isn’t something that many will be rushing to invest in at the moment. And Lonmin (LMI) certainly hasn’t escaped the ongoing labour disputes that have had a huge impact on operations across the country; not to mention the hammering the Rand has taken. If anything South Africa’s currency has been hit the hardest of all.
