Aquarius Platinum Share Discussion Threads

[aishah] 19/12/2013 19:54

I did well last time it dropped in the 35-39 range. Broker forecasts:
Citigroup 49.00p
Nomura 55.00p
Deutsche Bank 55.00p

[hectorp] 19/12/2013 19:06

Yes PLAT should do well in 2014-15 for some. Can it also help AQP I dont know that answer.

[aishah] 18/12/2013 12:50

The future looks bright for this precious metal
After last year's strikes in South Africa, platinum has been very much out of the news in 2013.

Yet global demand has hit record levels in the face of dwindling supply. The price now sits below its cost of production, which points to further supply shortages. And funding for exploration has all but dried up.

The case for platinum looks compelling.

[temmujin] 18/12/2013 08:40

been told to pile in massively...big news imminent...city contact

[commander77] 11/12/2013 13:04

7 p target. Coming soooooon.

[sanks] 10/12/2013 20:34

It will soon..Sheila told me last night in doggie position.
Hope this helps

[v16ter] 28/11/2013 18:36

up up up, 7p-70p as it ever traded at 7p????

[sanks] 20/11/2013 10:14

Its playing sucker technical strategy..suckers getting sucked in!

I'll join some of you more astute suckers at 7p
Hope i'm helping
Sanks

[abryer] 15/11/2013 07:04

Up 10% in 2 session on Australian ASX the lead market at $0.75(45p)

[pimpi] 14/11/2013 10:21

Sorry link not working here is the article
THE government considers platinum miner Mimosa's planned job cuts as unjustified and wants them halted, a senior official has said. Mimosa, a 50:50 joint venture between the world's second largest white metal miner Impala Platinum and Aquarius, last week announced it would cut 100 jobs through a voluntary retrenchment exercise to reduce operational costs in the face of unpredictable platinum prices. The mine employs about 1,500 full-time workers and nearly 200 contract labourers. But the Minister of State for Provincial Affairs in the Midlands, Jason Machaya said government felt that the platinum mine had the capacity to maintain the current workforce and had no justification to retrench its workers. Machaya, who met Mimosa management following last week's announcement, charged that the firm had paid out $12 million in dividends two months ago. "Their move to cut jobs is unjustified. I had a meeting with management and they explained their position, but my feeling is that a job cut is not the solution and cannot be justified," Machaya told The Source on Tuesday. Mimosa officials were not immediately available to comment. Mimosa PGM production rose by 3 percent over the year to 217,871 PGM ounces during the year-ended June 30 2013. Gross revenues declined from $286 million last year $266 million in 2013, while operational costs per PGM ounce rose 13 percent in 2013 over prior year. The mine has said deteriorating ground conditions in its underground mine have necessitated additional ground support measures that have, in turn, exerted cost pressures. Mimosa has also cited significant ground rental charges, effected by the government last year, as another cost driver. Implats and Aquarius signed a preliminary empowerment deal with the government last December, which will see locals – community trusts, workers and a state fund – taking 51 percent shareholding in Mimosa in terms of Zimbabwe's indigenisation law. In its most recent financial report, Aquarius said there was "still some uncertainty" on how the transaction will be implemented.

[abryer] 14/11/2013 10:14

NO.

Two months ago, so should this payment have been included in the quarter report up to September 30th?

[pimpi] 14/11/2013 09:33

Mimosa paid tew months ago $12m in dividend, I didn't get penny Did you hxxp://www.newzimbabwe.com/news-13041-You+can%E2%80%99t+retrench,+govt+tells+Mimosa/news.aspxget?

[temmujin] 08/11/2013 05:02

LONG WAIT THEN

[sanks] 07/11/2013 22:34

My buy order waits at 7p

[tagsumo] 06/11/2013 16:26

Extra cats required!! as Tesco's say 'every little helps'!

[pimpi] 01/11/2013 10:32

hxxp://www.mineweb.com/mineweb/content/en/mineweb-platinum-group-metals?oid=211069&sn=Detail

[pimpi] 30/10/2013 15:04

"The marginal increase in revenue despite a 15% increase in production reflects continued low Dollar PGM prices
and the impact of a 21% depreciation of the Rand compared to the pcp"

this is from last Q results, isn't a week rand positive for minors as the expenses are in rand and the metal prices in US dollar? why should 21% depreciation of the Rand impact on the revenue?


".

[abryer] 30/10/2013 14:48

Impala workers vote to strike. Considering impala accounts for 25% of the worlds platinum supplies that might help the plat price along,http://www.mineweb.com/mineweb/content/en/mineweb-platinum-group-metals?oid=210527&sn=Detail

[temmujin] 30/10/2013 14:06

PLATINUM SURGING...AQP to follow suit?

[robseaton] 30/10/2013 12:11

[...]


The Age of Aquarius?




By Trends and Targets | Sun, 27th October 2013 - 13:27


Aquarius Plat. (LSE:AQP) is a share which features in our Master List. This is a collection of over 100 shares for which subscribers require constant updates. Recently, it also featured in our mailbox which tends to suggest a few folk out there 'in the wild' might also be interested. As a result, it becomes an obvious nomination for this weeks published report .

I've given two charts against this. The upper one dates back to the age of the dinosaurs and shows something a little scary. During the first part of 2013, Aquarius share price reacted to a trend dating back to May 2008. Until May, the market decided the share was NOT going to be allowed the experience of 'breaking out' and the share price slavishly was walked down the BLUE LINE until the point where it had to be allowed to experience a party with an extravagant breakout dance.

Alas, the lower chart illustrates just how extravagant the party really was. The price was allowed to rise by just four pence... This does not send out a good signal to investors, many of whom will be trapped from the heights of 2008 and seeking to 'Average Down' in the hope of this story having a happy ending. We do have some good news. Prior to the price breaking through BLUE, we'd an absolute bottom target of 40p. The share had exceeded that target and we lacked any number below such a level. However, with a miracle movement, the price exceeded the BLUE line which our favourite logic means we must ignore everything which went before. The share can now go up in value.

Except it hasn't, really.

Instead, it has floundered and is currently regarded as heading to a bottom of 40.5p. As the lower chart shows, this number is not particularly terrifying as it's above the 'abandon hope' Amber Level.



So, where's the good news amongst all this misery?



The BLACK line illustrates a pretty deliberate series of price movements during Sept/Oct and tells us someone, somewhere, still cares deeply about AQP's share price. As a result, movements above this level would prove to be significant. For such a miracle, the share price need only exceed 49.5p and this will place the price in a zone where growth to an initial 56.5p becomes possible. While this is still not terribly impressive, it would allow the share price to exceed the high since breakout WHICH IS A BIG DEAL and this allows me to dream of further growth to 65p and beyond. Needless to say, the really important number in AQP's future is at 75p. In the event of the share price closing above such a point, selling to take profit may prove a silly error for the longer term as serious growth becomes possible.

Finally, the danger numbers. In the event of the price managing to CLOSE below 40.5p, we're looking at reversal to 30p or so. With ultimate bottom of 14p! Which is not good and probably ridiculous for a share which was trading above 8 quid recently?

By Alistair Strang, Trends and Targets Ltd

[temmujin] 29/10/2013 18:45

very quiet on here considering the massive fall..everyone in shock

[temmujin] 29/10/2013 12:57

ive been told today that shorts have been closed across the board...now switched to long so we could get a bounce later today...woo hoo!

[corradi16] 29/10/2013 12:10

Good points, no news expected so shorting going on, and then they go long for the 20p gains.

[pimpi] 29/10/2013 09:52

abryer, good point
platinum price will go up short term, all big miners are going to strike soon, aqp might benefits as they settled with union until next year