Not to forget to mention Chinas' way of buying & stockpiling precious metals to force the market, just like they are doing with gold, so it is & will be with platinum etc. Simple. Buy lots at lower prices, use some in your home industries while you wait and raise the price - then sell for even more profit. China demand and buying power is undeniable. Their area of operation is the only thing to give me doubts as to AQP share value going up a lot very soon.
Deutsche bank are re-iterating the buy recommendation. As regards the director buys, fair enough, but I still think it is a good sign that Nel has taken them as a part of salary. Broker upgrades for AQP are starting to appear now, and I have no doubt in my mind that from now on, platinum prices will rise, substantially. They have to because production will not meet demand at current prices. When you have a strike affecting the big three, inventories will soon deplete.
I will disagree, first Jean Nel did not buy shares they are part of his salary. your second point we are hearing this argument for the last couple of years but platinum price is were it is. Last year march Q AQP even with platinum prices of around $1600 did not make a profit. add to this the problems in Zimbabwe and the $300m bond due Dec 2015 this to much for me
Several reasons why, in my opinion, this is a good time to invest here. Firstly the substantial director buys by Jean Nel over the past two months. Secondly, the price of platinum has to go up because miners do not cover their cost of capital. The strikes will cause stockpiles to fall and we will soon be talking about a supply shortfall. Demand appears to be robust from jewelry and industry, especially from China etc. Moreover AQP has cut costs and is able to continue to operate at the moment whilst the big three have all shut down due to the strikes. So the fundamentals are in place for a serious rebound here. As always DYOR.
Militant action by the unions & reforms by the government in the areas of operation, AQP has it's troubles. In the face of it 'though, Platinum &c futures look good. SA problems, Mugabe etc will still need to trade with the rest of the world, in fact they NEED US. Hold or buy in here, £2 & above should come. I agree it's disappointing, but maybe see it as a time to buy more, cheap?! Good Luck.
There seems to be no signs of life to me. the only people touching this with a bargepole are people selling. Will there ever come a time when the sp will be ZERO or MINUS? Surely if any company can do it this joke one can. Honestly, what a complete and utter load of steaming hot crap AQP is.
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