Member Info for MaverickD

Going and worth noting Deusche Bank has a 70p target price. Undervalued and based on the last RNS we are doing really well considering the wider market. Buyers at this level

At a bounce from here. AQP - Credit Suisse have a target price of 60p and this was released yesterday - 23/5.

Prices key and it seems to be falling

46p????

498K

For AQP: • Mine EBITDA increased to $30m for the quarter against $2m in Q3 2012. • Attributable production for the quarter was up 81,471 oz up 20% from the previous quarter. Platinum prices have just gone above $1504 when I write my post, which is a circa $75 jump this week. The reduction in supply from Lonmin will no doubt help out its peers. • The improvement in EBITDA against a marginal improvement in PGM prices was due to increased production at Kroondal which up 37% on the previous quarter and closure of loss making mines Everest and Marikana. • Cash cost at Kroondal was down 7% at R8,312/oz compared to the previous quarter. • Group cash stood at $93 m up $10m from the previous quarter. Conclusion: These numbers show good progress on the operational front at Aquarius. Now for Lonmin: • The company has had to shut down the Number Two furnace after an incident. • The company does not elaborate on what the incident is but full repair will take 30-40 days. • A full inspection will take place once the furnace has cooled. • Number One furnace has been shut down on a planned upgrade to the hearth and shell. • The company has the Three Pyromet furnaces working which accounts for 50% of our capacity requirements. • The company has also shut down the Merensky section of the K3 shaft as a result of a fatality during drilling and blasting operations. Conclusion: Furnace incidents are notoriously trickey and could take some time to sort out. Supply to the market could be disrupted if the furnance incident is prolonged. South Africa lost around 538 k oz of production last year with Lonimin accounting for 20% of the losses at 110 k oz. We forecast a market deficit of 660 k oz for 2013 based on supply of 6m oz against demand of 6.68 m oz.

Aqp on both Australia and South African markets were up 8 - 9% up and would expect the momentum to drive the sp up further. Looking at 46p today

Easily possible today based on that RNS.......should be half way there come 11am and then the US and Australian market should drive this upward. 50p in the morning - Am I being too optimistic, only time will tell

Attributable production from operating mines increased by 20% to 81,471 4E ounces compared to their performance in the previous corresponding period. Mine operating net cash flow increased by $47m to a surplus of $29m inflow (Q3 2012: outflow of $18m) and mine earnings before interest, tax, depreciation and amortisation increased 14-fold to $30m (Q3 2012: $2m).

Upward trend being established MMs have collected shares and based on news this is now going up. Real meat on the SP will come in the afternoon and when the ASX opens tonight........Broker upgrades will follow

Big buyers waiting for the shares!!

26K and 22k Share buys just gone through.......looking a very good start this week

Having read through the RNS a few times and in a challenging climate Aquarius has pulled it out of the bag......expect a very strong bounce. Lonmin's pit closure and death investigation will no doubt kerb supply and the flip side will be increasing platinum prices

Mean figure of the last 6 weeks have been 67p, which is more realistic having read through todays RNS: http://sharedealing.nandp.co.uk/broker-views/AQP/Aquarius-Platinum Get in early

Heading back to 60p minimum. Coupled with the fact that Lonmin are having to temporary close a further mine for 30 - 40 days we should see some money coming this way. Supply falling of Platinum will only increase the price in the short term spot price and we are in pole position to take advantage of this.

Couldn't resist at theses levels should se a nice upward swing

And will climb.

Having looked at the charts and read the feb 8 rns again, I think we may well see a cracking update - prices during the reporting qtr higher, lower costs and hopefully better margins. I'm revising my estimate upwards and we may well see 46/47p tomorrow. Certainly another 10-15% on top of our closing price would not surprise me one bit

Or news leak ahead of results - no stopping it now!! Will easily achieve pre target of 45p

Very strong right now, so sticking to my 45p target come tomorrow!! Maybe even more!