Investing In Lonmin
- This company is slowly burning, make sure you don't own it…
- More bad news for the Lonmin share price In 2012 Lonmin asked shareholders for R7.12 billion in capital to keep the doors open. At that stage the company was worth R8 billion. But investing in Lonmin was a bad idea.
By 2015 the company burnt through all of that money. Its value crashed, with the company being worth a mere R1.2 billion in November 2015.
And then, as the creditors came knock... ››› more
- [17 May 2017]
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