Ridge Mining Share Discussion Threads

[doshdabbler] 02/6/2009 09:55

Thanks for your wisdom ad. I already hold a few PLAA and will be adding on any weakness

[laserdisc] 02/6/2009 08:40

see we have a further interest
Arnhold and S. Bleichroeder Advisers, LLC

CFD Long 200,000 GBP 1.0867

[laserdisc] 01/6/2009 15:44

thanks drewz & ad1967mc i always enjoy reading your knowledgeable posts certainly seems to me that everyone seems to be buying resource stocks today , one would think we have turned the corner, here is hoping its not just a bubble
certainly seems many many co's now off their lows & not as easy to find those those companies which do have a massive upside in the shorter term



will gold beak $1000

[ad1967mc] 01/6/2009 12:09

I think you're underestimating the spread of the credit bubble. The UK/US may have been the poster boys, but the problems extend well beyond them. Take European banks operating on 30 times leverage or Japanese government debt at 200% of GDP. I could go on. The fact is that many individuals, companies and governments have benefited from easy credit and aritificially low interest rates. Credit markets, just like most markets, operate in cycles. Now we're in a secular deflationary phase, it means enhanced savings, less consumption and more asset sales.

But as you point out that doesn't mean everyone will suffer equally. Those of us who have behaved responsibly will survive and possibly thrive. That may include China, though that doesn't mean it won't have to adapt its export driven economic model to a new reality.

[drewz] 01/6/2009 10:19

Nonsense - this debt issue is greatly overstated imho - just because certain elements within USA/UK have become burdened by too much debt, it isn't going to put a brake on world economic growth for "years" - the other 6.5 billion inhabitants of the planet have aspirations too!

And the 1.2 billion Chinese (with zero debt) aren't going to sit around waiting idly for US to restructure itself.

[ad1967mc] 01/6/2009 09:54

Doshdabbler -> Sorry for the delay in replying, I've been very busy. I still retain a very small RDG holding and I'm happy to let it run for now. However I'm not enamoured by Aquarius at all. I prefer PLAA.

The market seems to think we're set for a V shaped recovery. I think it's deluded. Clearly the bubble mentality is still intact. I believe all we're seeing right now is an inevitable bounce back in the economy, following excessive destocking and delayed purchases over the last two quarters. However it's a one off effect. I think underlying demand will remain poor; as individuals, corporates and governments are forced to save more to pay off debts. That means lower consumption and more forced asset sales, a process that will take years to play out.

[laserdisc] 30/5/2009 21:21

offer documentation received in post today so things progressing

[laserdisc] 29/5/2009 11:38

a good positive would be getting this gm crisis sorted

[magnesium4] 29/5/2009 11:34

Silverfern.. Thank you

[laserdisc] 29/5/2009 11:22

on line limits restricted seems asking 108 p i am happy still to hold because if gold does break this $1000 mark platinum could also get a boost

[silverfern] 29/5/2009 11:13

MAgnesium: the adage Do Your Own Reseach always applies, meaning don't rely on anything I or anyone on a BB writes! In this case it is how well you think AQP will now perform, and for you to get your 140p in RDG back, AQP will need to hit 385p. If platinum hardens in price as car manufacturing resumes and we hit the bottom of the bottom of the global downturn then maybe that will happen. I was lucky enough to buy also when RDG was in the late 20s and have traded through rise ever since. Good luck

[laserdisc] 29/5/2009 11:12

well 195k trade gone through at 105p they still seem to like this one

[doshdabbler] 29/5/2009 09:51

ad, are you still around? Do you believe AQP is worth 300p? And what about PLAA and PPN? Would love to know what you think. Can't see anything other than a W shaped recovery, so I'm wondering whether to take profits here and pick defensive stocks, but I'm also quite keen to keep some exposure to PGM stocks

[magnesium4] 29/5/2009 09:40

Silverfern .. Like you I purchased some time ago and above the current price..
I am not experienced in all of this and just bought a few thousand on a "Tip".. When do you estimate we (Shares purchased for 140p) will be showing any profit? or will we..

[silverfern] 28/5/2009 14:49

still the discount applies and still you can buy at 10% lower than AQP are paynig for them. My last purchase was at 94p...and for the record my first purchase was sometime ago at 140p!

[laserdisc] 27/5/2009 18:46

yes just checked my e mails
Aquarius Platinum Further re Offer for Ridge Mining

TIDMAQP TIDMRDG

AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

ASX / LSE / JSE ANNOUNCEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

27 May 2009

South African Competition Tribunal's approval granted for the all share offer
by Aquarius Platinum Limited ("Aquarius") for Ridge Mining plc ("Ridge")

Further to the announcement released on 26 May 2009 regarding an all share
offer by Aquarius for Ridge (the "Transaction"), shareholders are advised that
the South African Competition Tribunal has provided its unconditional approval
of the Transaction

[silverfern] 27/5/2009 18:22

That's the deal done imho - the SA authorities have given it approval. NOw we'll see what the market thinks.

[laserdisc] 27/5/2009 13:47

think a few may be still in but the majority have left probably richgit is still in but does not post at the time of the offer he thought it was derisory, lots of knowledge posters used to be here just shows how timing is crucial never under estimate the market, maybe some shorts have had to close but did not think much volume about in shorts don't they have to follow on on 11/6/09 1/4 settlement date.£1-35p looks tops as i see it so if no home for my money may as well stay put, trying to diversify a little in a few others, have had a few trades in this on the way up. Still optimistic about shebas hope aqp develop it, spadework has been done just a matter of raising capital, to think 12/14mths months ago it was all the rage the shebas bfs thats what a lot were holding here for MW was saying it was thrown in for free in the price at that time.Looks like aqp have a fantastic asset from here

couple of 100k trades earlier at 100.50p

[murrayteller] 27/5/2009 12:20

Indeed dosh, it's a remarkable turnaround. I've been selling a few in the 90s and look forward to offloading some AQP if it breaches 300p.

[doshdabbler] 27/5/2009 12:10

We break 100 and not a word. I bet most folks are quietly kicking themselves for selling out