Aquarius Platinum Share Discussion Threads

[nash81] 24/7/2015 09:47

anybody here in JLP - platinum tailing (not deep mine)

Lonmin, and other platinum producers are in deep shaft mine (huge cost and labour intensive) while JLP is focussing on tailing (low cost and profitable), even Tjate mine is shallow mine deep (not so deep as most other mines)

EXCELLENT POST FROM LSE :

for those wondering why Lonmin/amplat etc are cutting cost:

i am sure you are aware, those in JLP and especially those who have done their research, are well aware that platinum price is depressed and at the bottom. Lonmin, aqp and many companies are in problem and are cutting cost etc.

so what make JLP so special? JLP is in tailing dump/surface projects which are very low cost (hopefully you do know what is "tailing dump" ) and this low cost project are very profitable even at low platinum price, even more so when platinum price increasing next year, as expected by many analysts. this project also not labour intensive.

many platinum producers such as Lonmin, Amplat etc are mining in deep mine, down 3000m deep underground, hence huge cost are required. obviously for some deep mine, its not profitable to mine at current price. they are also labour intensive and are affected by strike in SA etc.

however, JLP tailing projects which are low cost, are so profitable that several banks already confirmed to part financing these tailing projects. now waiting legal sign off (see webcast)

in addition to tailing project, JLP also has Tjate, which has huge NPV of around 1.6bn. the good thing about Tjate is its not as deep as other existing mine. you can start mining as shallow as 600m deep (see JLP website)

Leon already confirmed they are in discussion with several parties interested for JV of Tjate, not surprising as i am sure Amplat (for example), can see Tjate will be even more profitable (shallow mine compared to other deep mine) then their existing mature mine. these large firm will not take the risk doing the JV with JLP now as we still havent got the mining licence yet. However, once we get the mining licence (within days i believe - see webcast), the uncertainty is then removed and hence will make it easy to finalise any JV.

but of course, you may not be interested to genuine response to your queries, as your objective is to deramp so that you can buy cheaper.

i will say to you, " good luck"

[salpara111] 24/7/2015 08:34

Pretty grim statement from Lonmin, slashing production, big job losses.
It is a battle for survival in the Platinum industry now.
The question is, will the smaller guys make it through.

[temmujin] 20/7/2015 19:43

been told tonight chinese may be interested

[garth] 20/7/2015 19:01

Well, sold out. Pains me. But AQP must need a plat price 30-40% higher to be profitable. Plat at 6 year low. Lonmin said in May they expect it to stay there for another two years. I tend to be a contrarian buyer, but even I am not that contrarian. So there it is - capitulation. Buy buy buy! (that's not advice!)

For the record, the posters a few posts up need to pay closer attention. Directors have NOT been buying recently. They were issued shares in place of salary. Two directors then chose to SELL shares....

I will look to buy back, but reckon they will see 5p and possibly below that yet.

DYOR.

G.

[broshm] 20/7/2015 16:00

where has our cash gone ?

[bigsi2] 20/7/2015 07:40

Another 5% drop in Platinum price over wknd

[seagreen] 19/7/2015 21:58

Cant this fella be advised we are not interested in JLP

[neilcrom] 16/7/2015 13:35

anybody here watching JLP (PLATINUM PRODUCER). EXCELLENT RNS just now. and more are coming soon. copied below

JLP

so RNS today confirmed 5.2m cash.
more cash will come around another 5m cash on Tjate licence confirmation (in a couple of weeks).

so cash alone around £11m. our mcap now around £15m.

AND, tailing project will generate profit around 21m per yeat (ie 210m for 10 years)
Tjate project (which we are expecting licence) worth 1.7billion.s

now, is this not JLP very undervalued?? i would say so!

[gardenarc] 14/7/2015 18:38

SPOT ON SEAGREEN..

[seagreen] 13/7/2015 22:34

Should be more of a 10p company and if pgm comes back 20p...see Directors have been buying..patience etc...no surprise if there is not a few shorts being disturbed today

[temmujin] 13/7/2015 14:42

damn could have bought today at 5.65p

[dros1] 13/7/2015 11:48

■Credit Swiss today

We continue to see selective value in the PGM equities, and we upgrade
Amplats to Neutral ahead of upcoming interim results and anticipated
restructuring clarification news flow. Given relatively limited upside and our
anticipation of relatively poor interim results, we have downgraded RBPlat
to Underperform. Our other ratings remain unchanged, with Implats and
Aquarius our preferred PGM exposures.

[abryer] 10/7/2015 10:30

Down 3.9% on ASX. 3.9% wiped off the market cap on a volume of 73,148 shares ($9000).

[m_n_tomlinson] 09/7/2015 12:23

Why would anyone put their hard earned here, knowing the hedgies could wipe out another 50% in a trice and on a whim? The manipulators rule here, not the investors.

[m_n_tomlinson] 09/7/2015 12:02

Aye temmujin. There has been no major sellers, so it stands to reason this shouldn't fall.

It's a disgrace the hedgies can knock down a company on next to little volume.

[temmujin] 09/7/2015 11:57

ya right tomolinson...its a casino for the hedgefunds...all reason gone out the window

[m_n_tomlinson] 09/7/2015 11:55

What a disgrace this is. This isn't investing any more, just diabolical.

[temmujin] 08/7/2015 18:36

did anyone see this hit 5.75p this afternoon? it went thru my stop losses but i managed to drop them before they were triggered...it went into auction too..is this the bottom?

[wigwammer] 07/7/2015 11:09

It's just following the plat price.It shouldn't. Half the market cap is now cash.

[m_n_tomlinson] 07/7/2015 09:21

I guess the hedge funds will walk this under 5p and keep it there for a couple of years like all those dead AIM stocks..

[temmujin] 05/7/2015 15:42

are you sure dros? maybe they were cashing in a short position?

[dros1] 05/7/2015 15:21

two directors recently sold millions of shares for astronomic price per share per the rns on 26 June. they got an average of ZAR142.60 per share. how is this possible when market price for AQP is ZAR1.3??

[temmujin] 03/7/2015 10:37

i'll be buying when it breaks thru 7p

[dros1] 03/7/2015 10:13

is it good or bed news? cant make up my mind

[dros1] 02/7/2015 16:39

directors got share as part of their salary
alas note $125 loan due end of the year