Ridge Mining Share Discussion Threads

[davidhp] 28/7/2009 01:49

Why? Because we're now living through the greatest financial catastrophe in financial history... more money is going up in smoke, a bigger percentage of the world's wealth is subliming at this time than ever before. IMHobservation 1929 was smaller & less catastrophic (and yes I HAVE read Galbraith AND Kindleberger FYI!) than this and as equities were then, so they are now; ie. CHEAP! And then, as now, few could take advantage of that obvious bonanza of cheap stocks since most investors had had 22 shades of shab knocked out of them... I want as many AQP as I can get my pauperish mitts on for as little additional outlay as is humanly possible. If a few pennies now makes me a couple of quid 2yrs later... I'm filled with joy!

As for the rest...
In my experience, given the general level of hollowheadedness apparent in so-called official and financial services, perhaps the only sector of UK industry where those with the IQs of garden furniture can truly excel, it's the "strangers on a BB" who;

a) seem to know more about whats going on than those paid to know... (must be the DYOR ethos + the 22 shades!)

b) have little to gain/lose from the advice and so it tends to be more honest.


Other than pouring for hours over largely unintelligible reams of corporate gibberish which was written to be unintelligible, I find asking "strangers on a BB" *IS* DoingYOR... where the Y is *your*, as in that which you have discovered and, from the kindness of your claret-hardened heart, wish to share with mere me!
How do you DYOR? Remote viewing, perhaps?


As a shareholder of RDG, I only waste one share (or so it appears)... since my holding is amost exactly divisible by the conversion ratio.

The so called 'arbitrage' was a temporary affair and has now largely evaporated.
np

I will become, as we all will, Aquarius shareholders and so all is good in the world...

Rejoice and sing for the British summer is upon us.
My wellies are drying by the door as I write...

DYOLaundry

[silverfern] 24/7/2009 08:11

well if you want to hold then why the question based on tiny amounts of potential arbitrage benefit. WHy not call AQP or RDG instead of asking strangers on a BB and taking their advice. Here's mine: BUy APQ imho then you'll have no doubts. DYOR.

[davidhp] 23/7/2009 19:45

CFD and spread bets are for short-termers... I want to hold them until 2015!

No use to me, pal!

Short-termism is for fidgeters, those who don't want to be able to sleep 'n' losers.
IMHO the big money will be made after 2011 when the market recovers!

Thanks anyhow.

[arja] 23/7/2009 09:23

davidhp,
why not buy through a CFD or a spreadbet as no SD to pay and commission probably a bit less . Only disadvantage is financing charges if you hold for a while but they are low nowadays with low interest rates.

[davidhp] 21/7/2009 18:14

I was just wondering whether if I bought some more Ridge shares right now so that I have a ROUND number of AQP shares when they're converted, how much they'd cost... and after stamp duty and dealing charges, I find I make a few quid given that AQP are UP and Ridge are unchanged. I want a round number of thousands of AQP, you see.

Q. It's worth it to me but will the Ridge shares I buy tomorrow still be converted into AQP shares come 31st July or has the allotment per shareholder already been worked out? I cannot afford to waste money now.

Thanks in advance.

It looks like a cheap way of buying AQP.

--OR--

Is it better to take what's coming and THEN buy some AQP given that their shares get diluted by the *new* Ridge shareholders and buy them at 'that' cheaper price?

Ho hum! Decisions, decisions!

DYOR

[hectorp] 20/7/2009 19:16

I see RDG and Jubilee trying to start moving up again. Suspect PLAT will do well in 2010..

[murrayteller] 05/7/2009 10:58

laser, I'm happy you managed to scale down your exposure here. AQP is just not good value vs its peers but has played its part superbly in securing us a decent profit after all the years of frustration. Will obviously drop in on the AQP board every so often to see how my 10,000 odd shares are doing, but I'm not going to lose sleep over it.
Good luck and thanks for all your tireless research on this board

[laserdisc] 04/7/2009 16:49

hi murrayteller, your posts last month prompted me to sell a few more so likewise i only hold paper certs now. Looks like all the regular posters have now left & this board will now become dormant , long 7 years holding these a good tip never again get too attached to a stock.
We had some very good knowledge posters on here over the years & it was a very good thread. Thanks to all who posted, i hope you all prosper & you all have very good health for the future

[murrayteller] 03/7/2009 12:13

Still got just a handful of these. Pity since I didn't want to own 1 AQP share. Oh well, perhaps some sucker will think AQP is cheap and my paltry holding will be worth something someday.

[laserdisc] 18/6/2009 20:37

CFD Long 145,000 93.07p
TRADE NOW SHOWING THIS EVG
notice also a further 2 x 300k trades @87p & 87.12p no rns seen for those

[laserdisc] 17/6/2009 15:44

there is some shorts per rns but i have not seen any rns for that 825,000 trade don't know if its a buy or sell but presume sell sorry cannot be more helpful

[trader horne] 17/6/2009 13:06

are we being shorted (again)? Any views on the TA :-
Is the trend broken? Is a head-and-shoulders forming?

[laserdisc] 16/6/2009 17:33

a few late trades seem to hqave arrived on the seen
A3005H08CQ 101.10P 825,000 CODE OK DATE NOT KNOWN

A3005HO9QJ 100.75 620000 O Y 100.0 102.5 16:21:11 620,000

[painty boy] 15/6/2009 14:38

aqp announced on dec 8th that their Everest mine would close for 6 months to make good subsidence,there has been no news on its re-opening,wondering if the sharp fall has anything to do with it.

[murrayteller] 15/6/2009 13:41

Interesting. AQP and RDG now at total parity. It's all about AQP now and I don't like it one bit

[murrayteller] 15/6/2009 13:24

Thanks GS. PLAA looks to have a turbulent, but ultimately fruitful, future

[giant steps] 15/6/2009 12:58

Well done MT, it's been some fun for you. PLAA is an interesting choice ;-)

[murrayteller] 15/6/2009 10:41

Getting very close to terminating my four-and-a-half-year relationship with this fine company. Another spike above 100p and I'm out. Never thought I'd get a quid average for 300k shares after the year we've had. The gods have smiled on me. I look forward to seeing some of you over at PLAA and PPN, but this time I shall be playing with much more conservative volumes

[laserdisc] 11/6/2009 16:59

notice caxton going short
EQUITY SWAP CFD SHORT 800,000 1.0139

shorewater long
CFD Swap
Long
375,755
101.00 p

CFD Swap
Long
449,245
101.00 p

[silverfern] 11/6/2009 14:15

all aboard the PLatinum Australia express - good luck all AQP holders

[rocketron57] 11/6/2009 07:57

Posting of Scheme Document (Ridge Mining)



TIDMRDG

RNS Number : 7153T
Ridge Mining PLC
11 June 2009

?
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION




Ridge Mining plc ("Ridge", or "the Company")


Posting of Scheme Circular and Cancellation of Admission


11 June 2009


The Independent Directors of Ridge refer shareholders to the joint announcement
made by the Company and Aquarius Platinum Limited ("Aquarius") on 26 May 2009
about the recommended proposal ("Proposal") for the acquisition of Ridge by
Aquarius to be implemented by means of a scheme of arrangement pursuant to Part
26 of the Companies Act 2006 between Ridge and its Shareholders (the "Scheme").


The Independent Directors of Ridge now announce that, on 9 June 2009 the High
Court of Justice of England and Wales made an order in connection with the
Scheme, that Ridge may convene a Court Meeting of Ridge Shareholders for 11.00
a.m. on 6 July 2009 for the purpose of considering, and if thought fit,
approving the Scheme. A general meeting ("GM") of Ridge has been convened for
11.15 a.m. on the same day (or as soon thereafter as the Court Meeting has
concluded or been adjourned).


Any capitalised term used but not defined in this announcement is as defined in
the Scheme Document (as defined below).


Posting of Scheme Document


The Scheme circular containing, inter alia, the terms of the Scheme, an
Explanatory Statement (pursuant to Section 897 of the Companies Act 2006),
notices of the required meetings, a timetable of principal events, and details
of the action to be taken by Ridge Shareholders (the "Scheme Document") is today
being posted to all Ridge Shareholders and, for information, holders of Options
and Warrants.


Court Meeting and GM


As described in the Scheme Document, the Scheme will require the approval of the
Scheme Shareholders at the Court Meeting, and the passing of a special
resolution at the GM. The Scheme and associated Reduction of Capital will also
require the subsequent sanction and (as the case may be) confirmation of the
Court.


Both meetings will be held at the offices of Field Fisher Waterhouse LLP, 35
Vine Street, London EC3N 2AA. Copies of (amongst other documents) the Scheme
Document are available (during normal business hours) for inspection at the
offices of Field Fisher Waterhouse LLP, 35 Vine Street, London EC3N 2AA until
the end of the Offer Period. In addition a copy of the Scheme Document will be
available on the Company's website at


Cancellation of Admission


The Company wishes to notify that application will also be made to the London
Stock Exchange for the cancellation of admission to trading on AIM of the Ridge
Shares conditional upon the Scheme being sanctioned by the Court and becoming
effective on the Effective Date. The notice period of not less than 20 business
days prior to cancellation referred to in Rule 41 of the AIM Rules has commenced
today. It is anticipated that cancellation of admission to trading will take
effect at 8.00 am on 30 July 2009.


Expected Timetable of Principal Events


+------------------------------------+------------------------------------+
| Latest time for lodging Forms of | 11.00 a.m. on 4 July 2009* |
| Proxy for Court Meeting (blue | |
| form): | |
| | |
+------------------------------------+------------------------------------+
| Latest time for lodging Forms of | 11.15 a.m. on 4 July 2009 |
| Proxy for GM (white form): | |
| | |
+------------------------------------+------------------------------------+
| Voting Record Time: | 6.00 p.m. on 4 July 2009 |
| | |
+------------------------------------+------------------------------------+
| Court Meeting: | 11.00 a.m. on 6 July 2009 |
| | |
+------------------------------------+------------------------------------+
| GM: | 11.15 a.m. on 6 July 2009 |
+------------------------------------+------------------------------------+


* A blue Form of Proxy for the Court Meeting not lodged by this time may be
handed to the Chairman at the Court Meeting.


The following times and dates are indicative only and will depend, amongst other
things, on the dates upon which the Court sanctions the Scheme and confirms the
Reduction of Capital and whether the Conditions are either satisfied or, if
capable of waiver, waived.


+-------------------------------------+-------------------------------------+
| Scheme Court Hearing to sanction | 27 July 2009 |
| the Scheme | |
| | |
+-------------------------------------+-------------------------------------+
| Last day of dealings in, and for | 28 July 2009 |
| registration of transfers of, and | |
| disablement in CREST of, Ordinary | |
| Shares | |
| | |
+-------------------------------------+-------------------------------------+
| Suspension of trading and dealings | 4.30 p.m. on 28 July 2009 |
| in Ordinary Shares | |
| | |
+-------------------------------------+-------------------------------------+
| Reduction Record Time | 6.00 p.m. on 28 July 2009 |
| | |
+-------------------------------------+-------------------------------------+
| Reduction Court Hearing to confirm | 29 July 2009 |
| the cancellation of the Scheme | |
| Shares | |
| | |
+-------------------------------------+-------------------------------------+
| Scheme Record Time | 6.00 p.m. on 29 July 2009 |
| | |
+-------------------------------------+-------------------------------------+
| Effective Date of Scheme | 30 July 2009 |
| | |
+-------------------------------------+-------------------------------------+
| Cancellation of admission of | 8.00 a.m. on 30 July 2009 |
| Ordinary Shares to trading on AIM | |
| | |
+-------------------------------------+-------------------------------------+
| Dealings in New Aquarius Shares | 8.00 a.m. on 30 July 2009 |
| commence on the London Stock | |
| Exchange | |
| | |
+-------------------------------------+-------------------------------------+
| Expected credit of New Aquarius DIs | 8.00 a.m. on 30 July 2009 |
| in CREST to previously | |
| Uncertificated Shareholders | |
| | |
+-------------------------------------+-------------------------------------+
| Latest date for dispatch of | 13 August 2009 |
| certificates in respect of New | |
| Aquarius Shares to previously | |
| Certificated Shareholders | |
| | |
+-------------------------------------+-------------------------------------+




For further information contact:


+--------------------------+---------------------+----------------------+
| Ridge Mining plc | Francis Johnstone | [phone] |
| | Donald McAllister | |
| | | |
+--------------------------+---------------------+----------------------+
| RBC Capital Markets | Martin Eales | [phone] |
| | Patrick Meier | |
+--------------------------+---------------------+----------------------+
| | | |
+--------------------------+---------------------+----------------------+
| | | |
+--------------------------+---------------------+----------------------+




This announcement is not intended to, and does not constitute or form part of
any offer to sell or an invitation to purchase or subscribe for any securities
pursuant to the Proposal or otherwise or the solicitation of any vote or
approval in any jurisdiction. Ridge Shareholders are advised to read carefully
the formal documentation in relation to the Proposal once it has been
dispatched.

The availability of the Proposal to persons not resident in the UK may be
affected by the laws of the relevant jurisdiction. Any persons who are subject
to the laws of any jurisdiction other than the UK should inform themselves about
and observe any applicable requirements. New Aquarius Shares in the hands of
certain persons in jurisdictions outside the United Kingdom are subject to
certain restrictions as set out in the Scheme Document.


Copies of this announcement are not being, and must not be, directly or
indirectly mailed or otherwise forwarded, distributed or sent in or into any
jurisdiction where to do so would violate the laws of that jurisdiction and
persons receiving this announcement (including custodians, nominees and
trustees) must not mail or otherwise forward, distribute or otherwise send it
in, or into or from any such jurisdiction. Further details in relation to
overseas shareholders will be contained in the Scheme Document.


The securities mentioned herein have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "Securities Act"). The
securities may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act. There will
be no public offer of securities in the United States.
It is expected that the New Aquarius Shares will be issued in reliance upon the
exemption from the registration requirements of the Securities Act provided by
Section 3(a)(10) thereof. This transaction has not been approved or disapproved
by the US Securities and Exchange Commission (the "Commission"), nor has the
Commission or any US state securities commission passed upon the merits or
fairness of the transaction nor upon the adequacy or accuracy of the information
contained in this document. Any representation to the contrary is a criminal
offence in the United States. The announcement has been prepared in accordance
with English law and the Code and information disclosed may not be the same as
that which would have been prepared in accordance with the laws of jurisdictions
outside England.


This announcement has been prepared in accordance with English Law, the Takeover
Code and the AIM Rules and information disclosed may not be the same as that
which would have been prepared in accordance with jurisdictions outside England.
The Proposal will be subject to the applicable rules and regulations of the
Financial Services Authority, the London Stock Exchange and the Takeover Code.


RBC Capital Markets, which is a trading name of Royal Bank of Canada Europe
Limited which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for Ridge and no one else in
connection with the Proposal and will not be responsible to anyone other than
Ridge for providing the protections afforded to clients of RBC Capital Markets
or for providing advice in relation to the Proposal or any other matters
referred to in this announcement.


Dealing disclosure requirements


Under the provisions of Rule 8.3 of the UK Takeover Code, if any person is, or
becomes, "interested" (directly or indirectly) in 1 per cent. or more of any
class of "relevant securities" of Aquarius or of Ridge, all "dealings" in any
"relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 pm (GMT) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the offer becomes, or is declared, unconditional as to
acceptances, lapses or is otherwise withdrawn or on which the "offer period"
otherwise ends. If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an "interest" in "relevant
securities" of Aquarius or Ridge, they will be deemed to be a single person for
the purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the UK Takeover Code, all "dealings" in
"relevant securities" of Aquarius or of Ridge by Aquarius or Ridge, or by any of
their respective "associates", must be disclosed by no later than 12.00 noon
(GMT) on the London business day following the date of the relevant transaction.


A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.


"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the UK Takeover Code, which can also be
found on the Panel's website. If you are in any doubt as to whether or not you
are required to disclose a "dealing" under Rule 8, you should consult the Panel.





This information is provided by RNS
The company news service from the London Stock Exchange
END

[laserdisc] 09/6/2009 17:03

plenty of sells today see we had this 5/6/09
EQUITY SWAP CFD SHORT 260,500 1.0549
& notice a late trade now showing 261,500 @98.32p definately lots of shorting

[laserdisc] 03/6/2009 17:47

hi murrayteller thanks for informing i have sold a few more but still holding for some aqp don't really know what i would move into if i sold the lot. more trades showing late
300k @1.09p
553k @107.91p
keep well see you on the aqp board

[murrayteller] 03/6/2009 11:16

Now sold 130,000 over the past couple of weeks at an average price of 104. I'll keep a few AQP, but like ad, I'm not impressed and believe it to be well overvalued. Markets also look set to tank. Good luck all

[laserdisc] 02/6/2009 10:40

& another long
CQS (UK) LLP
CQS is a global alternative asset management group with regulated investment operations in London and Hong Kong.

CFD Long 300,000 1.09 GBP

gruss asset management
CFD Long 42,500 111.00p



price check 16-05 sell 110.05 buy 112p