Lets look a Lonmin…amongst other things.
Lonmin stock info: uk.finance.yahoo.com
LMI, with 141,803,000 shares outstanding and a share price of 1009p, which I convert into $CAN 2.24 gives me a $CAN market capitalization of $317,071,673.
Yahoo says cap is 1.43B. Perhaps you, anyone, can explain the difference?
SPC on the other hand has a market cap of $2.4/share x 85,339,411 shrs = $CAN 204,814,586.
SPC doesn’t have a smelter – seems that’s what Lonmin could use now.
Meesina’s shareprice has been hammered in half since the summer. investor.reuters.com
SPC has an interesting slideshow on their properties: southplats.com
On Yahoo: "Lonmin Plc, gold and platinumLonmin Plc has invested on the African continent, more precisely Sub-Saharan Africa. And what do they do there? They are active in the extraction of platinum and gold. The company is the world's third leading platinum producer, an extremely rare and expensive metal, made up of precious properties. It is an excellent catalyst; it is resistant to oxidisation and corrosion and conducts electricity very well. The company also has smelting works and refineries of its own to transform the platinum it extracts. For example, the platinum is a constituent of ultra-solid optic glass, computer hard disks and medication to fight against cancer. Furthermore, Lonmin produces gold and lots of it. They hold significant interest in Africa's third biggest mine, the Ashanti Goldfields in Ghana."
uk.finance.yahoo.com
SPC website & release: southplats.com
Perhaps a review of this information may spur some discussion.
LMBF |
