Aquarius Platinum Share Discussion Threads

[jenty] 16/4/2014 01:43

Abryer - I think situation is as follows:

UK Record date - close of business 16th April

You will be given the chance to buy 2 new shares (Nil Paid Rights) @ 14p for each share you hold.

Your options
The NPD's are tradable on the market & can be sold. I think, if you do not excercise your right to buy, then they will be automatically lapse and you may receive proceeds (if the Nil Paids have a lapsed rights premium value - not guaranteed).

You can sell some of your existing shares to fund the purchase of the new shares without impacting entitlement. However, the existing shares will be repriced on 17th April to reflect the rights issue to about 23p i.e. (41 + 14 + 14)/3 (I'm assuming closing price on 16th Apr is 41p)

I hope the above is correct & of some help.

[abryer] 15/4/2014 11:11

Hopefully some guru can help. If an investor does not have enough cash to buy qualifying shares what are the options? Is there a delay between record date and funding the new shares, basically can you sell old shares to fund the new ones. Obviously doing nothing is not an option.

[loading] 11/4/2014 08:26

Fund Managers are reporting their 'increased' interest in an acquisition of AIM Miner GGP.
The Ernest Giles gold project is a large, gold prospective area located in central Western Australia. Title to the mineral rights was granted to the Company by the Western Australian government during 2009.The project comprises three contiguous tenements which cover an area of 945 sq kms. The project is located in a remote desert region 250km north east of Laverton in central Western Australia.

[abryer] 11/4/2014 08:24

This closed at $0.59 (33p) on the ASX which is the lead market.

[broshm] 10/4/2014 21:43

Where will this peak ? I got lost 2011 , asleep then .

[garth] 10/4/2014 20:48

showing a different price on the two charts above - 38p day, 41p 3 month. My ISA currently shows 41p

G.

[hectorp] 10/4/2014 18:42

Still doing business in hell. Probably a good short.
But, PLAT and PAL could be in for a rally this year.

[davidlloyd] 10/4/2014 18:34

Interesting to see what tomorrow brings
DL

[broshm] 10/4/2014 18:28

all been asleep today !

[buywell2] 10/4/2014 16:59

SA is in a mess for sure

Strikes look set to continue and weather patterns mean staple food prices look set to soar so more strikes and higher wage claims to go on

China going AWOL not going to help world demand for commodities either

[abryer] 10/4/2014 16:29

I guess so

[abryer] 08/4/2014 19:09

With a market cap of $275, that is some dilution to come. Has it already been priced in?

[m_n_tomlinson] 08/4/2014 15:04

Is there any point to this investing lark, except to create black holes, mug investors and hand over their capital and cash to shorters and traders?

[pimpi] 08/4/2014 11:33

6 weeks? we are going into the 11th week

[salpara111] 08/4/2014 11:24

An awful lot of dilution to come, probably better to wait until after this is all over and see where the dust settles.
Platinum miners have been on strike with the big boys for over 6 weeks now and not much movement in the price of platinum.
I have watched this one for years but never taken a stake for obvious reasons but I still continue to keep an eye on them because someday the market may shift and there could be a lot of money to be made but clearly we are not at that point yet.

[pimpi] 08/4/2014 10:26

will we be able to buy the new shares or will it be offered only to the big boys?
"Following expiry of the Tender Offer, the Company intends to launch an issue by way of rights of new common shares in the capital of the Company (the "Common Shares") to qualifying shareholders (the "Proposed Rights Issue"). The settlement of the Tender Offer will be funded by proceeds raised pursuant to the Proposed Rights Issue of up to U.S.$225 million"

[hydrus] 08/4/2014 09:31

Got to be a point when these are worth a punt - if they survive surely at some point the demand for platinum will come back maybe parallels to bombed out gold miners a few years ago which then went up 100 fold. Problem is where is the bottom?

[m_n_tomlinson] 28/3/2014 13:52

I'll say pimpi!

[pimpi] 27/3/2014 12:08

aqp going down the drain

[m_n_tomlinson] 25/3/2014 09:20

Probably head to 20p first. It's just dying for a drop by the looks of it.

[arja] 24/3/2014 07:42

but it is close to 35 chart support and might have a mini rally soon.

[arja] 24/3/2014 07:40

a while since I looked at AQP and I notice the chart looks bad ! I guess the question is if it will survive or not .

[m_n_tomlinson] 10/3/2014 12:27

Crystalball guess the market is getting their own back and hoovering up all the indigenisation shares on the cheap..

Only when the bag is full they'll let the share price go..

[m_n_tomlinson] 10/3/2014 11:16

Most broker targets vary between 35p and 50p.

Except HSBC (30-Jan-14) Overweight 208.00p!!!!

Are they for real? What time frame frame is that then? 2020?