Lonmin Reports H1 Loss

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Lonmin PLC (OTC: LNMIY) posted a loss for the six months ended March 31.The London-based company posted a loss before tax of $118 million, versus a year-earlier loss of $278 million. Its loss per share came in at 13.6, versus a loss of 35.5. Underlying loss before tax came in at $77 million, from a profit of $26 million.Its revenue slipped to $508 million, versus $578 million in the year-ago period.Chief Executive Ben Magara said, "We have continued to make good progress in a tough PGM pricing environment."Lonmin shares gained 1.77 percent to close at $2.30 on Friday.

27% profits every 20 days?

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