Ridge Mining Share Discussion Threads

[laserdisc] 27/3/2009 18:24

yes will have a closer look 51p today been down to 23p top price was £3-48p
will see how many shares in issue etc
four key projects host mineral resources and reserves: Pilanesberg, Mphahlele, Grootboom and Loskop.

with regards to rdg i am sure we will get opportunity here in the coming months on price movements with so long till this is finalised zijin have every opportunity if they are interested to upset the applecart , i keep harping on about them but surely they are not going along with this they must have other objectives whatever they may be.My take it may all go quiet in the summer months then out of the blue we get an announcement that gives em plenty of time to take lucrative position its a good job rdg have shebas or they could end up in boot camp

[the metal man] 27/3/2009 18:06

laser,

With Platmin ramping up production to 250k oz pa, as a near surface, low cost producer it still looks cheap in my view.

[laserdisc] 27/3/2009 14:56

platinum ready to rock





32% in favour
http://www.bloomberg.com/apps/news?pid=20601116&sid=aCMPs4uejABY&refer=africa

Bridging loan from aqp??

[laserdisc] 27/3/2009 14:45

magno i agree with your point how much upside at this time i do have it on my watch list but there are plenty of co,s out there with good potential if it does bounce good luck to all who hold but i intend to watch if it comes cheaper i may be interested i am not really a trader & once in tend to stick it out so i am probably more selective

[ad1967mc] 27/3/2009 13:58

I've never liked JLP. Colin Bird is a good promoter, but no mine builder. His strategy works fine in a bull market, where the objective is to enhance a project and flip it onto somebody else. In a bear market, only the best projects attract interest at reasonable prices. For example RDG appeals to AQP because BR is a modern near surface mine and SR is a genuine world class project.

In contrast I think that Tjate will struggle. It's deep and will be expensive to build. There are better PGM projects available elsewhere. I've always thought their Madagascan projects were more interesting, but despite tantalising hints they've never progressed.

That said, at current prices JLP looks an attractive punt. With cash in the bank the near-term downside is limited. Personally I wouldn't buy it, because I don't think the commodities bear market has finished. However the current rally (I'd call it more of a dead cat bounce) might have a bit more legs and could make it an interesting punt for the more adventurous.

[mangotude] 27/3/2009 13:26

MT,

I know they've fallen a lot, but I'm not sure how much upside there would be. But given my record with mining stocks, that probably counts as a screaming buy.

If AD is still on here, he's without doubt the best person re technical details.

[murrayteller] 27/3/2009 11:43

Sorry, off topic:

Hi Mango, what do you reckon to JLP as a "punt". Grades are fantastic (some better than PLAA) but with boreholes hitting 1,597m, does that mean it may become one of the most expensive PGM mines around? I'm no geologist, so if anyone can shed some objective light on JLP (ad, that means you in particular), I'd be most appreciative.

[silverfern] 27/3/2009 11:41

what's to stop any of us! Probably spare cash : 0 ...hence the rights.

[mangotude] 27/3/2009 11:39

Crossed my mind also MT.

78p ish at the moment.

[murrayteller] 27/3/2009 11:38

What's stopping AQP from mopping up a few RDG shares while the price disparity is so big? Yes we'll track AQP for a few months, but there'll always be a few pence to be gained before now and full integration

[mangotude] 27/3/2009 10:46

quite a long timeline - either they are being conservative and actually hope to wrap it up quicker as they have with the placing etc - or they feel in a few months time AQP share price will be much higher and they will guarantee a deal.

perhaps.

[painty boy] 27/3/2009 10:41

thanks for that harryg,

[harryg] 27/3/2009 10:37

Price is irrelevant-you will get 1 AQP share for every 2.75 RDG you hold no matter what the prices are when the merger occurs.

[painty boy] 27/3/2009 10:31

at what price is the 2.75 for 1 share crystalized? is it the closing aqp share price on the 25th. £1.84 ?

[laserdisc] 27/3/2009 10:29

are these normal timescales wonder what the date is for the vote to make it 100% concrete, Gives zijin plenty of time to decide their stratetgy?

[laserdisc] 27/3/2009 10:25

thanks clive1 so we going to be listed & track aqp till late SEPT 09

[perfect choice] 27/3/2009 10:23

So no AQP shares until late 2009

[clive1] 27/3/2009 10:19

The timescale is quite long

Further details of the Scheme, including an indicative timetable for its implementation, will be contained in the Scheme Document, together with details on how Ridge Shareholders may vote at the Scheme Meeting and General Meeting. The Scheme Document will be posted no later than 21 days after the satisfaction of the Pre-Conditions.

It is expected that, subject to execution of the Implementation Agreement and the satisfaction or, where relevant, waiver, of the Pre-Conditions and the conditions to the Scheme, the Scheme will become effective and the Acquisition will complete during mid to late 2009

[laserdisc] 27/3/2009 10:08

1m trade appeared on aqp lol no problem silverfern thanks for yours too

[silverfern] 27/3/2009 10:07

thanks for useful posts, all

[perfect choice] 27/3/2009 09:15

May I believe

[19century] 27/3/2009 09:12

When will the conversion to AQP shares actually happen though?

[arja] 27/3/2009 09:07

harryg,
thanks for comment . I actually sold my RDG yesterday but wondering whether to re-enter at 65 ! as you say, risk still there but maybe a 8 to 10p upside based on current AQP price . good luck .

[perfect choice] 27/3/2009 09:04

You must be going back quite a few years then Mango on MW and I believe relating to the initial growth in price when Blue Ridge was first being explored. That was before I started investing in RDG. MWs articles over the past year have been spot on with RDG.

I confess I sold late yesterday so took a one day 10% profit, I feel like wanting to trade more these days. I certainly feel I will be buying into AQP at some stage when all this is done, but short term, I can still see a value in the RDGs price versus AQP right now, however today may be when a few profits are banked from the look of trades so far.

[mangotude] 27/3/2009 08:55

I'm doubtful about the zijin rumour, but i'm surprised mw has any credibility left re ridge; he's been wrong about it as long as I have, frankly.