Ridge Mining Share Discussion Threads

[mangotude] 23/3/2009 12:49

the interesting thing is aqp has yet to properly breach 170.

[laserdisc] 23/3/2009 12:49

193581 volume now on plus A 25K NEGOTIATED TRADE

[laserdisc] 23/3/2009 11:57

knackers made a good move from here @£1-50p some years back & bought endace a very good call i have been tracking that one also

[murrayteller] 23/3/2009 11:52

Keep it up Ridge.

BTW Mango, your mind must be overflowing with useless past-RDG-holder facts since I just went over to the EDA BB, for the first time in a year, to see how Knackers was getting on, and lo and behold, you got there first.

[tj222] 23/3/2009 11:44

Looks like the deal is going thru

[laserdisc] 23/3/2009 11:36

a few more trades on plus @47p
23/03/2009 11:33:32 46.75 1,450 O 677.88
23/03/2009 11:29:56 47.05 10,000 N 4,705.50
23/03/2009 11:28:47 47.00 10,000 NB

started asking 47.75p for 1000 shares you can sell 20,000 @46.75p

[laserdisc] 23/3/2009 10:06

25k @44p gone through part of a block code ok

[laserdisc] 23/3/2009 09:25

plus trade @45p 23/03/2009 08:35:08 45.00 44,193 NB

[the metal man] 23/3/2009 09:21

AQP price above 170p, where it met resistance before. If it can stay above it, we could see RDG starting to play catch up.

[laserdisc] 20/3/2009 16:35

have a good week-end all it was 44.25p to buy at the end
bac may re open fund

[the metal man] 20/3/2009 14:30

Pt up to $1122, $2 up from this morning. Profit taking on AQP with a large volume (over 3.6m).

A pull back on the RDG price unlikely at present but, a rise not likely unless AQP responds better to a firmer Pt price. The Pt price needs to stay at this level for a while or, advance more to prove it's strength.

[perfect choice] 20/3/2009 14:14

If RDG drops below 40p I'm back in laserdisc, but I have a feeling that will not happen unless we have a big market pull back in the next few weeks which will drive sentiment down. Lets just say I'm considering my options right now.

[murrayteller] 20/3/2009 13:36

What makes me laugh is that iii poster admits to having just over 9,000 shares in Ridge

PC, this is not a normal takeover situation. Ridge is like an excited bride on her wedding night. Probably can't help telling her bridesmaids she is going to be saved from a life of responsibility and that her tier II fiance is giving her the biggest platinum ring on the Bushveld... C'mon Xstrata, kidnap the greedy wench and give her a nickel one!!!

[laserdisc] 20/3/2009 13:15

don't think this link was posted of late it was 2/3/09 maybe you have all seen

[mangotude] 20/3/2009 13:07

It's not particularly instructive. but either way, it would be easy enough for ridgedirector to clarify.

[laserdisc] 20/3/2009 13:04

hi pc i agree, with all this market chatter i wonder if you may re enter seems to be getting smaller spread was offered 43.50p to sell 44.33p to buy

[perfect choice] 20/3/2009 12:49

I am very suspicious of such statements like the one on iii since during a takeover situation, Directors should be saying nothing at all.

[the metal man] 20/3/2009 11:30

All you can say is that if there is any substance to it we will have a resolution either way. Another suitor would have to show their hand.

[the metal man] 20/3/2009 11:24

The Pt price will be updated this afternoon and it will be interesring to see if it can keep around or, above $1100. I also think this is why AQP is up.

You are absolutely right about the tight range that AQP is in, if it can break above 174p and stay there (with the help of Pt), I think there would be a buying opportunity for RDG as the price gap should close to it's usual 10p differential. For instance, AQP at 180p = RDG at 55.5p.

Not many are willing to gamble this at the moment, beacause, as you pointed out AQP is still within that tight range.

[mangotude] 20/3/2009 11:10

I see your point completely. It would also be entertaining given the reasons given for AQP to see how RDG's management explain why XTA wouldn't be that and even more so.

AQP has been trading in a v tight range - every rise has been countered with a vicious slide back. if it holds today, perhaps it's getting close to some concrete news.

[the metal man] 20/3/2009 11:05

Mangotude, either way I think there will be cause for celebration. In the absence of another suitor, the AQP deal will go ahead.

However, I just look at the size and potential of SR and can't believe the opportunity it would represent for XTA. It's there in the shop window, dressed up in their colours and ready for sale.

Incidentally, AQP up to 168p with Pt up to $1120. That puts RDG at 61p. The difference at 17p is the largest to date, so if the AQP strength is maintained RDG has to move up. Much, of course, is determined by the strength of the Pt price.

[mangotude] 20/3/2009 10:52

Metal Man, if it turns out you've called it right, I think the posters here will all owe you a large drink.

If you're wrong, we'll all need the large drink for ourselves.