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Platinum mining stocks on the JSE, which have been out of favour for the past two years, are attempting to make a comeback . A chart of the JSE platinum index gives some upside targets. JSE platinum index: Higher targets. Recommendation: Buy on weakness. Trend: Short and medium term up. Long term technically still down, but improving. (Daily) n The JSE platinum index is showing clear signs of reversing its bear market, with a breakout of a number of significant levels over the past month. The first is its main downtrend line from early 2011 (line 3). n The index has also broken out above line 2, which forms a symmetrical triangle with line 2. There is a higher (minimum) target from this pattern, which is not far away now. n Finally, the index has broken out (and is accelerating) above its 200-day average for the first time in more than two years (not shown). n Even though the index is nearing its minimum target of 62.30 (based on the triangle), platinum stocks are still to be bought on pullbacks for the foreseeable future. n Beyond its first target of 62.30, expect the platinum index to make its way higher, to line 4 at 67. (The index is now at 58). There will certainly be pullbacks along the way. Longer-term upside potential is back to 85, though this has yet to be confirmed. n In terms of stop losses, the level is obviously stock-specific, but as a general guideline for platinum stocks, a move below 52 on this index would be negative, and certainly below line 1 (48.80).

Our view: The announcement of the new dividend policy highlights the company’s commitment towards creating value for its investors. This shareholder friendly dividend policy would imply a sector-leading dividend yield, which is likely to cheer investors. The company has seven fully operational chrome tailings processing complexes, including the key Millsell, Mooinooi ROM and Mooinooi tailings on the western limb of the Bushveld Igneous Complex. Some of the company’s main development projects which have been on hold awaiting improved market conditions are expected to see the light of the day as demand recovers. These include the Volspruit open pit mine project at southern end of northern limb (3.1 Moz PGM at 1.25 g/t) and the Everest North project a joint venture with Aquarius. Sylvania’s full year production forecast remains at over 50,000 oz and it is focussed on achieving 15,000 oz per quarter from Q3 onwards. The appointment of Stuart Murray, a veteran with over 25 years of executive experience in Southern African platinum sector, as the new chairman, is highly positive for the company. We remain bullish about the future of the platinum industry, with demand for platinum group elements (PGE) expected to see resurgence, particularly from emerging markets such as China. Given that the company’s has witnessed a rapid turn-around becoming cash flow positive and with several key projects expected to ramp up production levels, we believe Sylvania could embark on a growth trajectory. Also, the stock has seen a significant depreciation in the last six months, placing it at a significant discount to its peers. We issue a Speculative Buy rating on the stock. Mention for AQP re Everest North and upbeat Outlook on Platinum all good

Post Rec mate

Happy to bob around above 70p until results next week 29.01

Agree re dividends and disagree re results i think all the negatives currency loss , Change to owner operator costs and costs associated with putting mines on care and maintenanceare all out in the open with guide figures given in the last results so to me the market already knows the negatives . But no confirmation that the positives are complete ie the change to owner operator is now complete as long as on time and in budget then just a plus and Kroondal Hanging Wall if complete will already be increasing production again as long as on time on budget then only pluses . No one knows if any hidden problems but i personally think the price will react positively if we get the updates we want re Kroondal within the results

So now we have Citi at 92p Nomura at 95p and Panmure Gordon at £1.63 . Of the positive broker voews on AQP at the moment and Citi and Nomura having upped the targets on last broker notes . Still prefer Panmures valuation and think more will start to up the prices IMO

JOHANNESBURG (miningweekly.com) – The China Development Bank (CDB) had approved a $650-million loan for the development of the Bakubung platinum mine project in South Africa's North West province, the Chinese-controlled JSE-listed Wesizwe Platinum confirmed on Monday. “This is good news for Wesizwe and sends a positive signal to the industry as a whole during what is currently a challenging period of time,” said Wesizwe CEO Jianke Gao, who added that 30.21% of the project employees were local.

nothing on divs IMO till November earliest

30k shares above the ask at 72.81 follow the money . Buys overtaken sells today nice to see people paying over the ask

Hi Hawk Agreed mate still think we will see these targets rising above £1 once we get news that Kroondal Hanging Wall was completed and putting it back to full production . AQP had its battering in 2012 and as Liberum and a few others have tipped a share to watch in 2013 were only on 21 Jan plenty of legs yet. Still think we will get news from Lonmin cutting production as well within the next quarter which should again positively impact platinum prices further. GL mate

21 Jan 13 ...Aquarius Platinum... Citigroup.... Buy... 72.00 Old Tgt ..59.00 ...New Tgt ....92.00 ...Reiterates Nice to see Citigroup up the target price to 92p and still a BUY Rec

The suggestion was whacky, if only because a true $1 trillion platinum coin would apparently weigh more than 19,000 tonnes and be 0.9 cubic metres in volume. But then, many would suggest that minting a large platinum coin to repay debt is no different to printing millions of dollar notes, which the Federal Reserve has been happy to do. So, how is one to interpret these signs? Arguably, if we are heading for scary times and another recession, I should get my ring made in gold because it will hold its value better than platinum. But minting a trillion-dollar platinum coin would take out more than 10 per cent of annual platinum production, creating scarcity and therefore pushing the metal's value up. And of course, Treasury might not stop at $1 trillion - why not mint enough coins to cover five years' worth of debt repayment? Think I'll get a bit of both - what a nice way to hedge a bet.

(Kitco News) - Platinum grabbed the spotlight in the precious metals market after news about production cuts from the world’s largest platinum miner pushed prices to their highest levels since early October. Analysts were already bullish on the outlook for the platinum group metals in general, and the news of supply disruption added to the price-positive side of platinum’s fundamental story. Investors have piled into platinum, as seen by the rising net-long positions in the Commodity Futures Trading Commission data and record holdings in exchange-traded funds. Given the 8,5% rise in the white metal since end of December, several market watchers said a pullback is likely, but that the bullish backdrop for platinum makes a drop in price a buying opportunity

like i said if we consolidate the ast rise in the 70s im happy still a 10% week for AQP and only 11 days to results . 10% next week id be happy again onwards and upwards weekly closing high again

Production across Kroondal and Mimosa at the start of december was expected to have increased in line with the previous quarter increase according to CEO at that time with one month to go in that quarter that would put production up in the quarter to be reported around 13% and no disruption that we know of in December so should be in line with that IMO . I also posted up the other day that Kroondal at full tilt ie Hanging Wall sorted which it wasnt throughout 2012 should up production again 20-25% going on 2011 and 2010 figures thats across platinum and palladium . On the merger it would sort the only real issue that AQP have ie the funding of Northam mine AQP commited to and Northan did raise 2 billion to get it up and running so would fit well . Also talk of increasing production at Mimosa as well and Govt now they have a stakein it may be more keen to help AQP along with ramping up also a rumour tail end of last year of getting a mine up and running JV which is almost next to Mimosa

I think any bad new ie Foreign exchange tfr etc is out there so effectively priced in the mine costs are already out there so will be priced in what i find is the markets are forward thinking on the whole so unless bad news we should get Kroondal completion to owner operator and completion of the hanging wall within the results . If thats the case that will improve production on the quarter we are in as we speak and with a forward thinking market will be seen as positive . So we have one off costs again in the quater to be reported for the KroondalOwner Operator Model and they are just that EBITDA will be important going forward and avg basket price will for sure have improved

Hope you took your own tip on 12 december re eastern plats good call fella

The key question is which platinum miner is best positioned to manage its costs and ride out the lull before the surplus is absorbed and demand -- and prices -- improve. I've restricted my search to London-listed companies with significant production assets, which as it happens has produced a list of the world's four largest platinum producers: Company Market cap P/E Share price Net tangible asset value per share Forecast yield Anglo American £28bn 6.1 2,010p 1,762p 2.4% Platinum only accounted for 8% of Anglo American's operating profit in 2011, meaning that it can afford to ride out the downturn, especially as 60% of its platinum output is in the "lower half of the cost curve", according to Anglo's CEO, Cynthia Carroll. Anglo looks unlikely to cut production, but may scale back capex. Impala Platinum Holdings (LSE: IPLA) £6.4bn 11.8 1,016p 634p 2.3% Impala is the world's second-largest platinum producer. Like its peers, it's suffered from rising costs and industrial unrest -- a strike at one of its mines this year cost about £155m in lost revenue. Impala has just got a new CEO -- so changes could be imminent. Lonmin (LSE: LMI) £1.4bn 9.6 694p 566p 0.9% Lonmin is late to the cost-cutting party, has rising net debt, and needs to worm its way out of $2bn of capex commitments for the next five years. No thanks. Aquarius Platinum £190m 2.0 40p 103p 1.8% Aquarius has suffered badly this year, but has already idled its two unprofitable mines and has a clear plan (and budget) for the next year. It's also the only one of its peers to be trading substantially below its net tangible asset value, adding to its appeal.

Look at Lonmins broker views one broker on that recently put out a price target of 24p i think it was . While others are higher than the current price and others under they are a law to themseves and i think depends what they are trading holding . I think also on BLVN Deatchse they put out a broker note of reduce or sell and then since that have added over 10 million shares lol

It makes a lot of sense and also may be given some more credence by the fact that the 4th biggest plat producer in the world put a ceo in internally and not a big name in the industry as such maybe coz they knew at some point will merge or sell out . Lets hope if they do its at a good price which it should be considering the assets in place