Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Well Platinum and AQP taken a kicking today POP down $54 or 3.2% not seen a drop like that for a bit currently under $1650 . And AQP smashed for just under 10% . Maybe the shorters will close the rest out soon and allow us to bounce back over 60p tomorrow considering Oz closed about 66p last night gonna be interesting to see the trading on ASX tonight as needs about a 12% drop to follow us down . Tomorrow another day another dollar
Not worried these drops last couple of days on no real volume as long as platinum doesnt fall through the floor which it is showing no signs of we are now half way through the currect quarter and platinum avg price has been well above the average over the past 2 quarters we should have better production from Kroondal with shaft sorted better control on costs now owner operator sorted . Looking at increasing production also at Mimosa and all the one off costs of the last quarter out the way . Next results should give us some proper profit and the kick in the right direction the share price needs think we are just trading a range now till more news
KeywordCompanyEPIC/TIDMSEDOL/ISINNews SubscribeFollow 12 hurt in union clash at Amplats mine By BFN News | 03:57 PM | Monday 18 February, 2013 Anglo American ORD USD0.54945 (AAL) Twelve people were injured during a dispute at Anglo American Platinum's Siphumelele mine in Rustenburg. Nine Amplats employees were injured when rubber bullets were fired by security personnel as they were attempting to evacuate NUM shop stewards who were trapped in their offices. Three security personnel also sustained minor injuries during this incident. All 12 injured employees received medical attention for non-life threatening injuries. The company said workers committee members are contesting NUM's legitimacy at the mine and demanding that NUM vacate its offices. The company is currently in the process of validating union membership at Rustenburg and the mines north of the Pilanesburg. Anglo American Platinum expressed its deep concern about this incident and appealed for its employees to remain calm and respect the company's dispute resolution process. At 3:57pm: (LON:AAL) Anglo American share price was -53.75p at 1985.25p Story provided by StockMarketWire.com
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Elections in Zimbabwe in March surely its time for the back of Mugabe and if the BMDC do win which is expected unless Mugabi gets up to his old tricks . Imagine what a reversal to the Indigi rules would do for AQP shareprice !!!! I read this before it is actually in the BMDC manifesto to reverse the law to imrpove foreign investment if they win the election .So watch the news for the elections as the re rate could be big if this is done
Zimbabwe deals agreed by Aquarius Platinum, Anglo American and Zimplats Holdings to meet state demands in which they sold assets to locals would be probed, Finance Minister Tendai Biti said yesterday. Biti’s Movement for Democratic Change disagrees with the government’s decision to force foreign- or white-owned firms to sell or cede 51 percent of local assets to black people or to the government. Deals that might cost the country money needed to be approved by parliament, Biti said. Firms such as Innscor Africa, owned mainly by white Zimbabweans, have been forced to offload majority stakes under the indigenisation law.
Nice to see you back . We have been trading this range for a couple of weeks now . So can see your point chart wise time to push into the mid 70s soon IMO
Hope you didnt have a punt on AVM the other day nearly 50% down today ouch !!!
well closed at 71p in Oz spent most of the session around 72p but dropped to 71p in the closing auction . Platinum holding above $1706 resistance nicely live @ $1720 with a $70 gap to Gold now . Should see us get a blue start and would be good to see us start back testing the mid 70s but i can wait it will come IMO . Still hoping for a rise to end of Feb to get back in the FTSE 250
I really think if the deal happens they may well merge with Northam makes sense i can see logic in consolidation in the sector . The appointment of a CEO from within also means this has more legs in it IMO as no big hitter wwas brought in and considering AQP is 4th biggest Plat producer there would have been a few applicants . It makes sense and have seen a couple of articles purtaining to it and know that NP have already raised 2 nillion for the prject so have that funding in place . Thats my call on it and all IMO
Looked at platinum this morning was sitting about $1685 down for the day just looked and now $20 up $1716 nice bounce back today on that needs to stay above $1706 the short term resistance and go on to test the longer term high of $1735-£1740 AGAIN
I didnt buy on the basis of the sread at the time Phew . Now a good time to buy then ?? overcooked are most here averaging down ?
11 Feb 13-- Aquarius Platinum... Citigroup--- Bu---y 69.88---Old Tgt 92.00 New Tgt --92.00 ----Reiterates
Each makes their own call mate and good luck to you in your choices . This now lies with the price of platinum everything im reading says Global economies showing improvements and worst could be out of the way . As things turn its industrial commodoties that will rally as economies pick up China is starting to show real signs of getting back to proper growth . This share could turn so quickly with the right economic envirmoent if platinum can rise to around $1850-$1900 which is possible then see where we are GLA
LONDON (SHARECAST) - Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation.
AQUARIUS Platinum expects production at its new K6 shaft at its flagship Kroondal mine to commence in June, as part of a move by the world’s fourth-largest platinum producer to ramp up production at the mine. http://www.bdlive.co.za/business/mining/2013/02/11/aquarius-platinum-pins-hope-on-kroondal
February 10, 2013- Aquarius Platinum (AQP), the world’s fourth largest producer of platinum, reported a seemingly staggering twenty four percent drop in core profit for the first half of its fiscal year, but was still able to see its stock value increase by more than ten percent because of its ability to rein in operating costs by about one third. The huge mining company reported profits of about twenty two million dollars for the six month period ending on December 31, 2012 which was well below the twenty nine million dollars it reported for the same time period in the previous year. A company spokesman attributed the lower profit to two key factors, continuously difficult operating conditions at their mines in South Africa and the lower prices for platinum in the global marketplace. The reduced operating expenses were noteworthy. According to the company spokesman, Aquarius Platinum spent one hundred fifty six million on production of platinum in the first half of the fiscal year. That represented a reduction of eighty eight million dollars for the same period a year earlier. And that is why the value of its stock increased.
"The operations are tightened up and running efficiently and, should the auto cycle keep improving in the years ahead, Aquarius will be able to consider re-opening mines," Citigroup analyst Jon Bergtheil said in a note to clients. http://www.moneyweb.co.za/moneyweb-financial/aquarius-platinum-reins-in-costs-shares-rise
Well fro calculations i reckon we need to be very late 70s to 80s by the end of this month to be getting back into the FTSE 250 . Achievable maybe , Could be the next step in AQP recovery back to the FTSE 250 come 10p plus and it could be on.Think the next review is 1st March