Lonmin was incorporated in the UK in 1909 as the London and Rhodesian Mining and Land Company. Its principal asset is the Marikana mine near Rustenberg. It has a market cap of R10.4 billion, but has no P/E because it made a loss in the prior year. It does not pay dividends at present. Guest Gerbrand Smit from NEFG Fund Management and resident expert Paul Theron from Vestact decide whether Lonmin is hot or not.
