N0idea
06 Oct 2015
Takeover 12.9p. Seems like a good offer at a 40% premium to yesterday's price but then I remember that I bought my shares for 21p and then it doesn't seem so great.
forwardloop
16 Sep 2015
JPM maint 13p tgt MaintainGlencore Outperform 225 77.3% BMO Capital MarketsTesco Outperform 285 59.8% BernsteinAquarius Platinum Ltd Overweight 13p 53.1% JPMorgan
Ace08
09 Sep 2015
Re: ACE - AQP - sell Cheers for the help mate but I seem to be doing better on upside than JLP performace upto date Who is Wendy like Warren Buffets Daughter ?
aces and eights
09 Sep 2015
Re: ACE - AQP - sell Thanks nat81
nat81
09 Sep 2015
ACE - AQP - sell Ace, see below analysis of AQP by Wendy and why best to avoid AQP. JLP will give better upside.********** ****The problem with AQP, Aces, is that like all other junior and-not-so junior miners on the Bushveld, they cannot smelt. That means they can only mine and and then concentrate PGMs, and then have to sell that concentrate to a major under an off-take agreement, or - more rarely - a pool-and-share scheme. The terms of these agreements are generally kept secret, but in general, an off-take will be for a fixed term, and often for life-of-mine, at an agreed %age of the basket price per ounce of contained PGMs, but with stringent penalties applied if the supplied concentrate fails to meet the smelter's grade and chromite specification. The 6-in-line smelters were designed for Merensky ore, and require a minimum grade of PGMs and a maximum %age of chromite. The smelters also require a reasonable level of sulphides, as its the sulphides that are used as the metals collector in the furnaces. In order to keep chromite levels within spec, the miner is generally forced to discard some of the PGMs as well. That's a lose-lose situation that penalises anyone mining and concentrating a pre-ponderance of UG2 ore. I haven't examined AQPs figures recently, but distinctly recall the Eastplats CEO complaining some years back that chrome penalties were costing him ZAR5 million per month, and if you check the actual revenue per ounce for Sylvania, you can see that they are only receiving a fraction of the basket price they publish. Aquarius's two SA mines - Kroondal and Everest - mine the UG2. Everest is UG2 only (there's no Merensky on the property), has been closed since 2012 and now pending sale, as it could no longer make a profit. Kroondal is on pool-and-share with Amplats, so probably more profitable. Smokey Hills had the same problem - pure UG2 (and not much of it!), and an off-take with Impala (IIRR) - closed because it couldn't make a profit. So on balance I would not buy AQP or any miner involved in exploiting the UG2 all the while they are held in thrall by the restrictive specifications imposed by the smelters.
Ace08
01 Sep 2015
Re: 6p I would say a 20p target plus guys come on this price is crazy DYOR
Ace08
21 Aug 2015
Re: 6p You know 6p made sense nigel
nigel ever hopeful still
05 Aug 2015
Re: 6p think of it as a new form of mining, it used to be coal, then it was gold, then it was platinum... today you can warm your house more cheaply by burning share certificates - however they don't send paper anymore - so you just throw your computer on to your fire... burns longer and those too are very cheap!
Ace08
04 Aug 2015
6p Is it done or do we think it's worth another go ? , Is it the age of AQUARIUS sometime soon ?
mcescher
30 Jul 2015
AQP vs ACA comparison This infographic compares Aquarius Platinum and Acacia Mining plc, they have details on valuation etc. [link]
nigel ever hopeful still
20 Jul 2015
Re: i this co going bust oh that's a relief. what's this got to do with the end of prime ministers?
shugg1e
20 Jul 2015
Re: i this co going bust will recover when PMs do end of.
nigel ever hopeful still
20 Jul 2015
Re: i this co going bust my bet is it will bought out very soon - very tired mis-management with zero focus - and they have money in the bank, so will probably will be bought to get at the assets both resources and cash!
How Cynical
20 Jul 2015
Re: i this co going bust My sentiments too!!I bought into the last 2 share issues in the hopes of breaking even but even those shares are now at a loss!!!
aces and eights
20 Jul 2015
Re: i this co going bust my money is on bust......held for years when £3+...Doubt we'll ever see those prices again...need that to break even after holding for years!
