Markets seeing a recovery and with that we could all be seeing a breakout in Platinum, Gold and metals in general as sentiment improves. Current price does not reflect the excellent update we just had. Just so we are clear we have $195m (£126M) in the bank including an asset through investment that figure is $205M (£132M) our market cap at present is £94M so we are trading a good £36m under cash balance value. Add to this our assets and extraction costs sub $700 and the fact Lonmin announced they are reducing production and supply to market falling, hence prices will increase I see this as a no brainer. Buy as much as you can afford at these levels!
Sold up there target price reduced to 45p. Putting that in here as it would seem that AQP is in a prime position to benefit from the lower output from the other suppliers. Don't be fooled this is a gem at these levels.
Back to 10p I would imagine. $201M cash balance without accounting for assets. It is better than I thought. So in sterling we are looking at £129M and our current market cap is £92M so a potential 40% upward move quite easily possible!
Spot has shot up last couple days - expect a rally here. Really do feel we are oversold........7p first target and then through upto 10p. Big mover today
My thoughts exactly.....start of a turn positive and with results Tuesday I expect a nice rise here today and Monday. Anything under 8p is a bargain in my opinion. Trading below cash in bank
Will bounce sharply I think and some will be saying I wish I bought. Aquarius are cash rich, platinum well hedged and run a very good operation. Fair value is 100% higher than where we are now - FACT