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Aquarius Platinum – A Biblical Set of Plagues survived – now the recovery?

Tom Winnifrith
Monday 24 December 2012
have tipped fully listed ( and JSE listed) Aquarius Platinum (AQP) three times in my life: once at Red Hot Penny Shares and twice at t1ps.com. Each time we have sold and booked handsome gains but the past 12 months have seen the company have to weather a series of plagues reminiscent of a biblical torment. If its own South African workers were not on strike, workers at neighbouring mines were out and engaging in secondary picketing. The prices of Platinum Group Metals fell sharply (to around $1100 for a PGM basket) and meanwhile negotiations on the sale of half of its Zimbabwean operation to local Black Economic Empowerment groups dragged on. After such an annus hornbills, long serving CEO Stuart Murray stepped down as CEO and the share price is now 55p, having been 45p three years ago. But could 2013 be a year of recovery for this company which is still valued at £260 million?

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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