3838 days ago
The Closet Chartist reckons that shares in Aquarius Platinum (AQP) will go from 45p to 55p or perhaps 75p. Who knows? In a rather fizzy market any old shite can go through the roof. But before you bet the ranch on Aquarius I ask you to consider a couple of points.
4096 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on Aquarius Platinum I agree with his conclusion.
It is no surprise that results from Aquarius Platinum (AQP) for the six months to 31st December were poor. That was well flagged. The shares actually moved ahead on the numbers and that is down to the statement which contained a number of gems which indicate that the shares are materially undervalued.
4107 days ago
On Christmas Eve I noted that there looked to be value in shares in main market listed Aquarius Platinum (AQP) at 55p. Earlier this month the shares hit more than 75p but currently trade at 62.25p, capitalising the company at £296 million, following the announcement today of production results for the quarter ended 31st December 2012. So is it time to bank gains and sell?
4121 days ago
I wrote a strong buy note on Aquarius Platinum (LSE:AQP)on Christmas Eve urging investors to buy at 55p. Well ho, ho, ho and a Merry Christmas to you all. I hope that you filled your stockings. I mean boots with that hot share tip. The shares are now 71.75p Why? Thank Anglo American (LSE:AAL) which today announced that it was mothballing some of its platinum output. The platinum price has already rallied strongly since Christmas ( ho, ho, ho once again) and this news is very positive indeed.
4143 days ago
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?
