Ridge Mining Share Discussion Threads

[laserdisc] 27/5/2009 08:57

shorewater are
CFD Swap Long 233,610 96.603 p
CFD Swap Long 156,390 96.60

[laserdisc] 26/5/2009 20:28

bit late in posting this

bac fund like this co pgm anyone any further info ,tsx traded co says it may do jv or is approachable to buy out

[silverfern] 26/5/2009 11:12

AQP has doubled its price since February, and the offer has meant RDG will be at 3x the pre-offer share price. Carry on moaning about the ratio whilst you bank your profits : )

[laserdisc] 26/5/2009 11:05

END IN SIGHT

[doshdabbler] 26/5/2009 09:45

Rottcodd, AQP is buying it because it will be profitable in the near future. All I'm saying is Ridge would have been in serious trouble without AQP's backing. They've now agreed 727m rand of debt and that's after spending all the proceeds of the hedge on paying off the original loan. The reason Ridge sold out to AQP was because it struggled to find new finance, so I believe they were worth far less than 85p on their own. Anyway, it's all hypothetical and mustn't overshadow the great news here. To think £1 just a few months ago was inconceivable, and with Everest up and running, we could be seeing the equivalent of £1.25 sooner than we thought

[rottcodd] 26/5/2009 09:35

Dosh, sorry I miss your point. The numbers imply profitability for Blue Ridge. Why else would AQP buy it?

[doshdabbler] 26/5/2009 09:18

Good news, but it's frightening how much cash BR is hemorrhaging. Rottcodd, see why I was so pessimistic about a failed deal now? RDG is worth far closer to 0 than 85p without AQP IMO

[laserdisc] 26/5/2009 09:18

yes all good news looking likely we will exceed £1 for our ridge shares

At an exchange ratio of 1 Aquarius Share for every 2.75 Ridge Shares the
implied price of 104.4 pence per Ridge Share (based on 287 pence per Aquarius
Share, being the closing price on the London Stock Exchange on 22 May 2009

[silverfern] 26/5/2009 08:46

Check todaty's announcemenrt by Ridge further to the above -(not flagged by ADVFN); pre-conditions satisfied, both companies saying it's a done deal. Terence Wilkinson, CEO of Ridge, added: "We are delighted that the
pre-conditions have now been satisfied and look forward to completing the
merger as soon as possible. The support of Aquarius has been invaluable in
arranging the required finance to fund working capital at Blue Ridge."

[laserdisc] 25/5/2009 18:25

SA competition body recommends approval of Ridge-Aquarius deal

[laserdisc] 25/5/2009 18:09

Aquarius clears Ridge takeover hurdle

Aquarius clears Ridge takeover hurdle

[trader horne] 24/5/2009 19:04

seible, no tax until you eventually sell and make a capital gain (hopefully)

[seible] 22/5/2009 22:56

Does anyone know when my RDG shares are turned into AQP shares is that in any way taxable? Thanks

[silverfern] 22/5/2009 19:14

well this is still a bargain- is it likely that the deal won't go through after such a wait? IMHO no. And when it does go through you wil lbe paid 15% more in AQP shares than the price suggests. I also think the deal itself will boost the AQP share price.

[laserdisc] 22/5/2009 14:54

confirmed the 2 trades merrell Long Swap & a purchase of 25k @86p
25,000
GBP 0.86
GBP 0.86

LONG
25,000
GBP 0.86

[laserdisc] 21/5/2009 22:36

50k appears late @ 87.13p along with another 25k
21-May-2009 86.00p 25,000 £21,500

[laserdisc] 21/5/2009 17:17

trades lse without plus notice a few 25k arriving think they are buys
16:32 86.00p 25000 sale 86.00p 89.00p
16:32 86.00p 25000 sale 86.00p 89.00p
16:15 87.60p 300 purchase 85.00p 89.00p
16:06 87.60p 1124 purchase 85.00p 89.00p
16:00 87.60p 5000 purchase 85.00p 89.00p
15:08 86.70p 8400 sale 85.00p 89.00p
14:56 86.50p 5000 purchase 84.50p 86.50p
10:42 85.22p 5000 sale 85.00p 86.50p
09:39 85.65p 2000 sale 85.00p 87.00p
08:28 85.50p 8477 ? 84.00p 87.00p
19:06 (20/05) 85.17p 25000 ? p p
18:54 (20/05) 85.17p 25000 ? p p
18:39 (20/05) 85.17p 25000 ? p p

could be loading up for news ... a week tomorrow is deadline 29/5/09.. at this price around 10% discount to aqp

[laserdisc] 21/5/2009 16:01

well i have added a few more at 86p

[rottcodd] 20/5/2009 17:36

Dosh, that is pessimistic!

I've run the figures based on current metal prices and come out with $110m in annual revenue for Blue Ridge. Using cost figures from Edison's research note, that would give annual profit of $20-$30m for Ridge's share. $20M earnings would be 15p per share. Apply a p/e ratio of 6 would give 85p. Sheba's is thrown in for free.

The key advantage of RDG being part of AQP is that Sheba's should be breathed new life through better access to funding down the line.

Based on my model, if the deal fell through, RDG could still be valued at current price.

[doshdabbler] 20/5/2009 16:17

I reckon we would plunge to 30p. BR is not hugely profitable even at this level and Sheba is just a pipe dream. Only a larger entity can realise value with Ridge now, so this deal had better go ahead

[laserdisc] 20/5/2009 15:25

If aqp & rdg do take forward the sheba's ridge project would it be feasable to use Conroast technology.
With Braemore being in talks with companies to source material for its planned five to 10 megawatt smelter just wonder if shebas ore would be suitable

[laserdisc] 20/5/2009 14:20

i would like to think no lower than 55p
edit thinking 55p wow i would be buying a lot more if it reached that price, been in this for NINE Years i am pretty sure way things are going in platinum would consolidate in the future next nine years