{"id":13737,"date":"2012-08-22T03:04:34","date_gmt":"2012-08-22T01:04:34","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-lonmin-says-may-issue-shares-to-shore-up-finances\/"},"modified":"2012-08-22T03:04:34","modified_gmt":"2012-08-22T01:04:34","slug":"update-1-lonmin-says-may-issue-shares-to-shore-up-finances","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-lonmin-says-may-issue-shares-to-shore-up-finances\/","title":{"rendered":"UPDATE 1-Lonmin says may issue shares to shore up finances"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 21 (Reuters) &#8211; Lonmin ,<br \/>\nthe world&#8217;s third-largest platinum produer, said on Tuesday it<br \/>\nmay issue new shares to shore up a balance sheet hit by lost<br \/>\nproduction and revenue after a violent strike last week left 44<br \/>\ndead.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The company is reviewing all the options available to<br \/>\nstrengthen its financial structure, including possible access to<br \/>\nthe equity capital markets,&#8221; Lonmin said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts have speculated the company may try to raise new<br \/>\ncapital from shareholders as existing agreements with lenders<br \/>\nrequire it to keep a lid on its debt-to-profit ratios.<\/p>\n<p><span><\/span><\/p>\n<p>The company said those ratios would likely be breached by<br \/>\nSeptember 30.<\/p>\n<p><span><\/span><\/p>\n<p>Investors have hammered Lonmin shares on concerns about lost<br \/>\nearnings from the strike, sending its stock down nearly 13<br \/>\npercent last week.<\/p>\n<p><span><\/span><\/p>\n<p>The shares rose for the first time in 9 trading sessions on<br \/>\nTuesday, rising 3.6 percent in Johannesburg.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Aug 21 (Reuters) &#8211; Lonmin , the world&#8217;s third-largest platinum produer, said on Tuesday it may issue new shares to shore up a balance sheet hit by lost production and revenue after a violent strike last week left 44 dead. &#8220;The company is reviewing all the options available to strengthen its financial structure, including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13737","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13737"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13737\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}