Register
Login:
Share:
Email Facebook Twitter

AQP Share Chat - RSS Feed

Aquarius Platinum Share Chat (AQP)



Share Price: 16.75Bid: 16.50Ask: 17.00Change: 0.00 (0.00%)No Movement on Aquarius Plat.
Spread: 0.50Spread as %: 3.03%Open: 16.75High: 17.00Low: 16.50Yesterday’s Close: 16.75


Share Discussion for Aquarius Plat. (AQP)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


POWER
Posts: 614
Off Topic
Opinion:No Opinion
Price:18.00
josef
Mon 11:11
you hear right.
i reckon AQP is going to be one of those shares, where you go in and check sp one day and the sp went up 30% or more.
then the game is over.
 
JOSEF
Posts: 3
Research
Opinion:No Opinion
Price:18.25
Bidding
Mon 06:39
Northam may have Aquarius in sights so I hear
POWER
Posts: 614
Observation
Opinion:No Opinion
Price:18.25
bidding
Sat 19:50
Potential bidding for AQP? So I hear.
JOSEF
Posts: 3
Off Topic
Opinion:Hold
Price:17.00
Aquarius
24 Oct '14
Aquarius to seek new suitors for Blue Ridge
David McKay | Fri, 24 Oct 2014 10:33



[miningmx.com] – AQUARIUS Platinum is seeking new buyers for its Blue Ridge asset, or the sale of its mine plant as an alternative following the collapse of its disposal to a Chinese consortium earlier this month.

The company is also in discussions to extract value from its mothballed Everest mine against a background of poor market conditions for platinum that Aquarius CEO, Jean Nel, said was being pressurised by "abundant stock levels".

Nel was commenting in the group's first quarter production and financial results announcement in which Aquarius posted a $14.8m pretax profit, an $8.5m improvement over its first quarter performance for the previous (2014) financial year.

Nel said the quarter's results were driven by an improved cost performance at Kroondal, and a restructuring at Mimosa - the only two assets Aquarius still operates following the platinum price shakedown in 2012.

The firm's flagship asset, Everest, was closed during that period although analysts have said Aquarius may be tempted to sell the asset in order to further bolster its balance sheet with Northam Platinum named as a possible suitor.

However, Nel did not allude to any such discussions saying instead the company was interested in "extract[ing] value from the Everest infrastructure".

"Good progress has been made in terms of studying the alternatives available to extract value from the Everest infrastructure and discussions with a number of entities are ongoing," he said, adding it would not start production unless it could generate a return.

Commenting on Blue Ridge, Nel said: "Blue Ridge remains non-core to Aquarius and it will continue to assess all alternatives to extract value from its investment". This included the sale of the mine or plant.

Aquarius Platinum said earlier this year that the proceeds of the sale of its Blue Ridge and Sheba's Ridge platinum assets to a consortium led by China National Arts & Crafts Corporation would be used to ease pressure on the balance sheet.

However, the transaction failed after the Chinese walked away from the deal, apparently in frustration after repeated attempts to win the approval of the South African government were rejected.

Nel also addressed the balance sheet which he said his board considered appropriately leveraged despite stress in the platinum market.

"Platinum prices remained volatile in the context of the prolonged strike action in the first half of the year but in September fell to intra-year lows below $1,350/oz, and continued its fall post the quarter to the lowest levels since 2006," he said.

"Despite c.1Moz of supply being lost during the strike, platinum prices remained under pressure due to abundant stock levels that kept the market well supplied and deteriorating global economic growth expectations in the context of
POWER
Posts: 614
Off Topic
Opinion:No Opinion
Price:17.00
strong cash
24 Oct '14
Maybe so.
Aquarius-Platinum-faces-118m-bond-rethink? would it be enough to support that?
if only we could sell those assets that we don't need to raise more cash.....
Endymion
Posts: 2
Off Topic
Opinion:Strong Buy
Price:17.00
Financial Results - Q1 2015
24 Oct '14
POWER
Posts: 614
Off Topic
Opinion:No Opinion
Price:16.75
rituals
22 Oct '14
sp tends to drop just before the RNS.
Gibbo1066
Posts: 79
Off Topic
Opinion:No Opinion
Price:17.00
View Thread (2)
RE: bond issue
22 Oct '14
We will know where AQP are going tomorrow morning with the RNS thats due. Its all purely speculation until then.
POWER
Posts: 614
Off Topic
Opinion:No Opinion
Price:16.75
View Thread (2)
bond issue
22 Oct '14
Would anyone know if this bond issue would go away soon?
lampedusa
Posts: 23
Off Topic
Opinion:No Opinion
Price:17.75
AQP
21 Oct '14



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.