Aquarius Platinum Share Discussion Threads

[dyfiman] 02/7/2015 15:05

Hello to the platinum gang....... !!

Bought in this morning after several days of research into
the travails of AQP over the last few years.

What convinced me, ultimately, to invest some hard-earned were
four things: *the cash from the Everest sale *the possibility
that a Chinese outfit may well be back soon for a poss. takeover
*the possibility that AQP share price has, indeed, bottomed
*and finally..... the actions of AQP directors and senior staff.

On April 15th (?) seven of them bought large chunks.......

......... and yesterday nine execs bough big chunks ! ! !

Oh...and also........ with the share price at 6.7appx .......
there's a long way to go to get it even near to the heights it once was.
Surely it can't fall much now so the only way is UP.
And I can wait.

Rgds all.
END

[m_n_tomlinson] 01/7/2015 10:58

Who needs the flood the mines to make a killing short selling these days?

The Market can short anything just for the sake of it!

[dros1] 30/6/2015 15:51

I think we are close to bottom Net cash $85M plus the mines must be worth something and Zim news hear
hxxp://www.newzimbabwe.com/business-23452-Govt+mulls+new+mining+tax+regime/business.aspx.

took a small punt

[nash81] 26/6/2015 11:47

temmujin

while waiting for the rerating in AQP, have a look at JLP. its soon will rerate as much as what happen in AMC, from 2p to 20p and more.

JLP mcap below 20m with 6m expected to be received and also mining licence to be approved for potentially the largest platinum mine in the world. broker target around 40p, now only 2p

[nash81] 26/6/2015 11:47

temmujin

while waiting for the rerating in AQP, have a look at JLP. its soon will rerate as much as what happen in AMC, from 2p to 20p and more.

JLP mcap below 20m with 6m expected to be received and also mining licence to be approved for potentially the largest platinum mine in the world. broker target around 40p, now only 2p

[amccarty] 17/6/2015 13:32

Looking at the buys and sells looks like there is alot of manipulation going on with the prices,lots of buys marked as sells the MMs are keeping the Price down.

[temmujin] 14/6/2015 21:35

YEAH seen it looks like zimbabwe are coming round at last

[dros1] 14/6/2015 21:27

some good news?
hxxp://www.iol.co.za/business/companies/harare-breaks-ground-with-sa-firms-lifts-export-ban-1.1870016#.VX3iWtjbKUk

[temmujin] 14/6/2015 12:37

IC view:
The Everest sale was at a premium to book value and it removes around $7.2m in annual maintenance costs. Aquarius is not running out of money and production results are encouraging. We revert to a hold recommendation.
Last IC view: Sell, 12.75p, 7 Feb 2014

[temmujin] 13/6/2015 01:07

hxxp://www.iol.co.za/business/companies/harare-breaks-ground-with-sa-firms-lifts-export-ban-1.1870016#.VXtzgeZtd35

[m_n_tomlinson] 12/6/2015 17:31

Ahh sorry about that garth.

Here's a good post from LSE. I'm not on the LSE, but read it via discussthemarket.com.

Apologies to poster if on ADVFN, but I thought it was an excellent summary. Pretty much sums up how I feel, but could not express so eloquently myself.

m3ntis 11 Jun 2015

Summary My assessment - - Platinum currently ~$1136/oz and appears to have bottomed vs production costs of $800/oz & shareprice was between 16-20p when platinum at $1213/oz (8% drop in income vs 45% drop in share price) - ZAR/USD was 10:1 when between 16-20p now ~12:1 (~20% improvement in income) - Price/ Book of .53 = a valuation of 17p a share, - Positive sale of mining assets generating 450M (ZAR) - Cash flow positive $141M (USD) (undervalued company) - price appeared to double bottomed & then found support (for now) - AQP 'appears' to still be the 5th largest platinum producer globally even though suffering a reduced last quarter (market share) - Vehicle manufacturing numbers have increased again despite reduced global growth, personal spend per capita is increasing (demand), - China recently reduced interest rates again to spur growth whilst shutting down local metal refineries due to pollution levels (demand) Zimbabwe Mimosa mine - 50% owned with Implats who, separately are refurbishing a refinement site to comply & remove the 15% local raw material tax implications - theory being Mimosa (& AQP) will be able to use this site in the future and so not have the 15% tax implication also. - 15% tax is not being applied as all Zim platinum miners had ceased raw material export (since Jan). Since the decision to suspend the tax in late May, AQP & all Zim producers will be shifting in-bulk raw material onto the market hence any drops in price may be attributed to this event. - Implats do not wish to invest in expanding Mimosa whereas AQP does (risk to expansion unless AQP goes it alone in Zim) I'd suggest AQP is a take-over target (challenge being the ~24% local ownership which triggers duplicate payment from a foreign perspective) or given the cash levels to either share buyback, wait and hold as commodities are still depressed or acquire additional licenses and diversify into other commodities. anyone have more Information on the debt or remaining bond to be paid later this yr; I understand the bond was mostly repaid thru the dilution of shares in early 2014 when the share price was around 20p.. Immediate negatives being the 1.5BILLION shares out there making over supply & share price growth difficult, Zimbabwe pushing for a 51% local ownership stake, Bond repayment later this year. Late June production report, Late July End of Financial year report.. Anything else out there to add or amend to my thoughts?

[garth] 12/6/2015 16:15

MNT,

Mine was a question rather than an assertion....

As you will see from the thread, I have been a holder for some time and have been adding...

G.

[temmujin] 12/6/2015 14:32

broker just phoned..given me the nod to buy...says this is the bottom

[garth] 12/6/2015 14:31

MNT,

Price of platinum means that they can't pull it out of the ground at a profit?

G.

[arja] 12/6/2015 13:45

temmujin- fair enough but this is not an asset situation and all about cash flow and libailities I supppose. usually the vultures cherry pick the best assets whan a company goes into liquidation and nothing left for shareholders .

[temmujin] 06/6/2015 10:27

yeah but their asset ridge mining must be worth more than the market cap

[arja] 06/6/2015 10:19

shaf200- if it survives it does not mean even a 2 folder in 3 or so tears time as a share can go sideways for many yesars . Just look at any number of aussie mining specs to see this. The chart suggests that the odds are it will go under in time .
What js their loiquidity like and to what extent are the directors still feathering their nets . i followed this sheare years ago and sad to see what has happened .

[mazeltov] 05/6/2015 14:35

You won't have to wait long for a profit,car production around the world is up,catalystic converters need platinum,jewellery and the Chinese will start to buy more,deposits on the ground must now have all but gone.one of the other big producers is now no longer in production leaving AQP in a strongosition.

[shaf200] 04/6/2015 17:25

I think time to buy 1K's worth for a 3-5 year hold and if it survives expect a 10 fold return.

[m_n_tomlinson] 01/6/2015 16:26

For the ultimate capitulation it really needs to go down circa 6-7p.

Maybe more grief and despair tomorrow as the share price is held under siege?

[m_n_tomlinson] 01/6/2015 16:15

Well, it's either capitulation here or a complete disaster..

[dros1] 01/6/2015 15:46

only sells last half hour