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BUZZ-Lonmin: Soars as H1 reassures investors

Reuters - UK Focus

** Platinum miner Lonmin (LSE: LMI.L - news) 's shares up 15 pct, top performers on FTSE Small Cap index, after reporting H1 core profit of $36 mln vs $6 mln loss a year earlier

** Co says cost-cutting ahead of schedule, adds now in net cash position vs net debt at Sept. 30

** "The results reflect considerable progress concerning cost cuts, yet some weakness in operational performance that is largely seasonal and should be caught back," Investec (LSE: INVP.L - news) analysts write in note

** Lonmin's shares fell 96 pct in 2015, hurt by rising costs a prolonged slump in platinum prices, and priced a $400 mln rights issue at only 1p (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)