On-going strike in South africa has caused a serious shortfall in platinum supply. How come this hasn't reflected in aqp share price.? High level talks will take place soon over pay dispute. Has anyone got any comment on this?
An interesting fact cropped up Yesterday on perusal of the Rights Issue Prospectus. It transpires that by far the largest investor in AQP is Investec with almost 10% of the Shares.!!! Now could this be the same Investec that as recently as Feb 7th were advising their Clients to SELL with a target price of 36p followed by advice to HOLD on the18th Feb, followed again on the 8th April by advice to BUY with a target price of 50p. My point is, Manipulation or not, What do the people who took the advice and sold on the 7th Feb think of that advice now ???
Not too sure that the world economy is better than it was 5 or 6 years ago. I do agree that platinum demand will pick up. Concerning the future dilution stated in todays RNS, I have been in several other companies that have executed a rights issue. Sometimes the share price does go up initially, but in my experience the share price normally falls towards or under the offer price given by the company for the rights issue soon after. I do understand that this should stabilize AQP and if over time I think future events warrant re-investing in this company, I will do so. I could have kept my shares and taken advantage of the offer, but I do not wish to increase my investment in this company. At the moment I am quite heavily invested in POG and have decided to concentrate on this share, as I feel it has far more potential than AQP at this present time. Any way good luck with your investments and thanks for your reply...
Afraid to say I don't like the look of the lastest RNS, dilution at a far lower share price, seen this many times before. I can only see this share falling to 25p or even lower. Sold 15,000 shares at 38.57p about 10 minutes ago....
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