There is a gradual flight to the $ (the exorbitant privilege of the world's commodity currency) as European problems, the cycle of war in the middle east and - above all - USA loan rates firm. However, just as a falling $ benefits raw commodity futures, a firm $ is good for the miners. Aquarius is subject to the SA Rand and local politics but so long as both are reasonably stable, I expect Aquarius SP to rise over the next few years together with improving international economic demand for its valuable metal production..
Figures from the last 1/4 were OK, overall figures for the year were pretty much about what was expected, this wont go anywhere until the market see's positive growth. They had a good tidy up of the finances earlier this year and IMHO the next set of accounts will give us all an indication as to the direction the co is going in. I like the confidence that the board has shown by taking part of their salaries in shares & they should know how well they are doing and the potential. It would be nice to see us back in the £'s rather than the pennies, but I cant see that for at least another year - maybe 2. I'm going to sit on these & wait.
The average target price for this stock is about 30p....today I read A report from HSBC with a 64p target and strong buy rec. The long term chart would suggest these levels are the bottom so let's see where it goes
J P Morgan Nominees Australia Limited 69,919,771 4.77%
NEXT IS FROM FROM RIGHT ISSUE PROSPECT
As at 11 April 2014 (being the latest practicable date prior to voting rights publication of this Prospectus), the Company had been notified of or was otherwise aware of the following Shareholders who were directly or indirectly interested in 3 per cent. or more of the issued Common Shares
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