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Real-Time news about Ridge Mining (London Stock Exchange): 0 recent articles
|arja: nice but does not affect RDG share price until merger confirmed unfortunately . But I am tempted to buy more at 70 if it was not easter coming up !|
|the metal man: doshdabbler, time will tell. In the meantime I would be cautious about the RDG share price. In the absence of any positive newsflow I can see AQP slipping back to around the 140p mark. If it does, then back to the 120's. At the moment only a decent move up in the Pt price can alter that, unless we have some positive statements. The market is deflated and looking for direction, and at present that seems to be down. There is a huge disappointment over the Chinese stimulus package. No extra money, rather a statement suggesting the current package should do the trick. I still hold RDG and have done so for the long term, although I have sold the majority my stock. I am now seriously questioning the merits of holding any.|
|the metal man: PC
The market fall this morning is pretty general in spite of this deal so RDG share price still depressed due to the drop in AQP. As as you rightly suggested, it will lag behind AQP until such a deal is firmly in the bag, so to speak. Let's wait for the board's vote. That is, even if it goes through it will be interesting to see if Zijin's representative on the board, votes in favour.|
|the metal man: RDG are probably the only junior to be coming on stream with their first PGM project in around five months time. There are one or two where valuations have 'settled in' as production has either recently commenced or, has been established. Therefore, their share prices would have been more vulnerable to a downturn (in this case caused by a sharp decline in PGM prices) as their projected returns will be affected. Judging by valuations of such companies, RDG seems to have some headroom although a depressed market can affect any stock. Under the circumstances the RDG share price is holding up pretty well and as long as the PGM market does not collapse in the near future, it should begin to reflect the near term metamorphosis.|
|hectorp: LABRADORTROUGH has the right idea if you are a PGM's bull, but we have always thought like this. Gold bugs for example are always seeking doom scenaros!
However I must agree in this instance, with you, and in an important respect: PGMS may hedge your falling cash wealth in real spending power.Its a powerful reason to hold PRODUCERS and would-be, near producers, so RDG is in there.
I'm still happer with gold simply due to this Palladium-Platinum industrial aspect ( the possibility of a flip: the possibility of an alternative to the metal catalyst being found and utilised in future vehicles).
RDG share price looks to be heading towards one of these wedges at the right of the chart. Only one direction breakout seems inevitable in next couple of weeks.|
|laserdisc: Thanks gs interesting article RE Nanostellar here is their site
"History has shown that technological changes of magnitude usually take a long time to have an impact and therefore market changes are not expected within the next three years or "even longer".
By 2010 Shebas will be Enhancing the rdg share price we are also
a prime take out resource co medium term nanostellar is not going to affect rdg price|
|hectorp: RDG share price - come on , this should rise with strong PGM's and imminent Sheba feasibility.
Someone wants them cheaper before then?
Worth buying at any such price.|
|perfect choice: 200K trade at 115.75p and 245K b-trade at 115.923p. Some good volume again today and major trades indicating institutional activity. The price ticked up at the end to where we started today which is an excellent ending for Friday. We've had a good run this week and bodes well for next week.
The price of platinum continues to rise as well. My own valuation of Blue Ridge now gives a RDG share price of 138p even with a 30% operational cost increase ($810 per 4E oz instead of $623 in the BFS) and fully diluted share holding (122.8M shares), which shows you the value of this rise in Platinum and other PGMs/Gold for that matter.|
|perfect choice: Good find laserdisc, well if PG prices do hold up for when BR enters production then it will certainly help. I worked out my valuation of BR last week based upon a 30% uplift over BFS operation costs and a further 10% reduction in PGM prices, resulting in a 91p contribution of BR to the RDG share price. If PGM prices stay the same then the valuation increases to £1.16, and that is using a Platinum predicted price of $1238 versus $1267 right now, so some leeway against today's price anyway.
Strange trading today, over 100K of buys at 84p and the price then drops, looks like the MMs still have some stock to sell off to me from a suspected consistent seller, as the price should have ticked up on that initial volume.|
|drewz: Great presentation by Francis, as ever.
Every time he does one it makes me want to be even more overweight in RDG.
Still a lot of work to do before the cash really starts rolling in from these two projects, but as we move forward into 2008 Sheba's Ridge will be looming ever larger on the horizon and the RDG share price action should become very interesting indeed.|
Ridge Mining share price data is direct from the London Stock Exchange