Aquarius Platinum Share Discussion Threads

[suejarvie] 06/9/2013 15:53

Just dipped a toe back in here.

[aishah] 06/9/2013 12:29

the worm is turning!

[kibes] 15/8/2013 08:23

4STA - interesting suggestion however for the last quarter the price achieved by ELG per PGM oz was $890 whereas their cost of production was $1380 ie every oz they produce is losing them $490. Rather too scary for me unless the platinum price goes up quite a lot.

[penandnen] 13/8/2013 21:56

4STA - Why don't you post this on JLP and LMI as well? Oh! I see you have!

[4sta] 13/8/2013 20:57

Slightly off topic : But still a PGM company operating in Bushveld

Are you familiar with ELR (Eastern Platinum)?

-Listed on AIM, TSX and JSE
-Once Canada's largest PGM Company (according to it's website)
-Mkcap approx £41m @ 4.75p, Cash (and equivalents) at end of March 2013 approx c$66m.
- Share price has been well over £1 in the past, with no dilution that I am aware of, taking it down to the current depressed price. TAKE a look at the chart.
-Over 80m ounces of PGM's in it's properties.
-Quite an illiquid stock.
- Operations widely suspended due to depressed prices, but if platinum continues to rise this could change and operations could be brought back online.

For information purposes only, this doesn't seem to be a v.widely know/traded share, do your own research before making an investment choice (buy or sell), and check the above statements to ensure they are accurate too.

Sorry for posting on here, realise may pi ss some people off, but some of you fellow PGM fans may be interested in the story and always good to learn about new stocks.

[aishah] 12/8/2013 10:11

IC proved to be a nice contranian indicator as it mostly does. Lots more to come here. imo, dyor

[kibes] 09/8/2013 10:32

Platinum now up to $1490/oz. Response from AQP seems very lukewarm.

[aishah] 09/8/2013 09:12

09-Aug, DB Reiterates Buy, price target 60p

[aishah] 09/8/2013 09:11

IC - Nice Buy signal there

[abryer] 09/8/2013 08:58

Yes their last view in February Hold 71p pretty much says it all lol

[drewz] 08/8/2013 22:53

IC schoolboy scribblers think it's a 'sell' so it must be a BUY!

[pimpi] 08/8/2013 16:47

Slimmed-down Aquarius trims losses
These results from Aquarius Platinum (AQP), the fourth largest platinum producer in the world, were never going to be good. Labour disputes, union turf wars, mine closures, regulatory issues and, most crucially, weak metal prices mean most South African platinum miners are lossmaking at the moment. Aquarius is no exception.

Still, headline losses of $61m (£39m) in the financial year represent an improvement over losses of $154m the year before. But impairment charges of $226m meant Aquarius' net loss ballooned to $288m, from $158m a year earlier.

The impairment charges reflect the closures of high-cost, lossmaking mines, which although painful have actually put Aquarius in a stronger position. Cash profits from mining increased to $70m this year from $29m in 2012. Importantly, a weak South African rand meant platinum group metal prices rose 7 per cent year on year, even though US dollar-denominated metal prices fell 6 per cent in the same period. The weaker local currency also helped lower cash costs by 15 per cent in rand terms.

Investec placed its earnings estimates for the current year under review following the results, which underperformed its forecasts materially. The broker previously forecast a return to profitable operations this year, albeit very modest profits.

AQUARIUS PLATINUM (AQP)
ORD PRICE: 44p MARKET VALUE: £214m
TOUCH: 43-44p 12-MONTH HIGH: 76p LOW: 34p
DIVIDEND YIELD: NIL PE RATIO: NA
NET ASSET VALUE: 60¢* NET DEBT: 65%
Year to 30 Jun Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢)
2009 311 -97 -13.3 nil
2010 472 58 6.1 6.00
2011 683 25 -2.3 8.00
2012 486 -189 -33.8 nil
2013 371 -332 -61.1 nil
% change -24 - - -
*Includes intangible assets of $59m, or 12¢ a share

£1=$1.55

IC VIEW
Even Aquarius' chief executive, Jean Nel, expects "the difficult operating conditions and low metal prices to continue in the new financial year". Chuck in a fast-depleting $103m cash pile, an uncertain regulatory environment and unhappy unions and more pain could be in store over the coming months. We think the risks are skewed to the downside even at these low levels and it's best to avoid the shares despite the recent operational progress. Sell.
Last IC view: Hold, 71p, 8 Feb 2013

[pimpi] 06/8/2013 12:38

hxxp://www.miningmx.com/page/news/platinum_group_metals/1632319-Aquarius-Pt-wins-plaudits-but-is-it-enough#.UgDfJpJ9Bc8

[aishah] 05/8/2013 09:21

DB reiterates Buy with 63p target.

[vision88] 02/8/2013 09:05

Target going forward is in three stage's first stage, lets call it the wsanks graph 1st stage GBP 68p

2nd stage wsanks graph GBP £1.98p

3rd stage wsanks graph GBP £7..75p


now the wsanks graph i trust can and should be refereed to as the prima facia graph off all seasons of course for this dynamic, robust galloping forward looking company having exuberance and verbatim verbosity like a sheila Kangaroo thats hopping mad, will im quite sure exceed every one expectations,,

over all target £7.00p oh i almost forgot can some one design the wsanks graph thank you and Amen. let us pray

[vision88] 02/8/2013 07:59

as long as mugabe lives he will not lose any election. how ever saying that he did lose an election then pronounced it void ,after a lot of murders surprise surprise he emerged the peoples choice

I think the gun had more to do with it than the ballot box, perhaps not ? they could have suddenly all united behind ee by gum oh silly me i mean Mugabe your wonderfull President, rah!! rah!! rah!!! eeeeebyyyygummmm

[abryer] 30/7/2013 22:27

Worth a readhttp://www.mineweb.com/mineweb/content/en/mineweb-platinum-group-metals?oid=199155&sn=Detail

[abryer] 30/7/2013 19:00

Closed $0.82 / 48.75p in oz so still lagging here.

[aberystwyth] 30/7/2013 12:06

That's a lovely upwards diagonal line - here is hoping it continues

[aberystwyth] 26/7/2013 11:21

1p per day for 12 months will be fine by me - slow and steady

[abryer] 26/7/2013 09:28

Closed $0.79 / 47.66p in oz so some catching up here as AUX the lead market

[sawadee3] 26/7/2013 09:18

Indeed it is. I'm happy to keep it that way seeing as we're steadily rising each and every day :-)

Happy days :-)

[gucci] 25/7/2013 14:59

lovely quiet thread
:-)