KEEP AN EYE ON THIS LITTLE BABY...FANTASTIC PLATINUM/NICKEL PLAY

Into the watch list she blows.

KD.

nice rise today...more to come so don't hang about contemplating...

MAESTRO....the potential of RIDGE is frightening

windsorgolf...yes i agree mate...can't make my mind up though which one has the greatest potential...Ridge or Meridium petroleum MRP

i got out of mrp too soon,,,but i have tremendous faith in RDG,when cash is avaliable i will definately be topping up

Greetings! I posted the following on the original RDG thread in early March or thereabouts. Hope you find it interesting. DYOR, IMO, etc.

>> The Sheba's Ridge project, with an estimated 23,900 tonnes of nickel per year, is apparently worth a potential US$334 million in turnover (in which RDG will take an apparent 39% interest, which boils down to US$130 million/75 million turnover) and that's not counting the gold and other precious metals they also hope to find. On the basis of a quick comparison with peers such as Patagonia Gold, the market cap should surely be somewhere near 50 million right now?

Clearly I'm not the only one who thinks RDG is a worthwhile investment. Since the middle of January, Merrill Lynch Investment Managers has been the proud owner of 15% of the current issued share capital.

Anyway, today's good news is that RDG has agreed project finance of US$108m, for the smaller Blue Ridge project, with Joint Venture partner due to take an equity stake of undisclosed proportions. The Blue Ridge project is envisaged to produce 75,000 oz platinum per year (that's US 75 million Bucks!, 43 million Sterling), plus gold, palladium and rhodium in lesser quantities. Assuming RDG gets left with 40% of Blue Ridge, that could give them a turnover of around 24 million, resulting in ample cash generation while they are completing the feasibility study on Sheba's Ridge (which itself has been paid for by another joint venture). <

More good news - up 5.5p, 12%!!! RNS announces Merrill Lynch has again added to its holding in RDG. They acquired 155,000 shs yesterday, taking their holding to around 15%, or 9.42 million shares, all acquired since the beginning of Jan 2006.

Ridge definitely has a bright future ahead of it - check out the number of high-potential assets in its portfolio!

Some of you may also like to cast a glance at Galahad Gold (GLA) and Toledo Mining Corp (TMC). Similar potential, if not better, than RDG, although it may take some time for these plays to realise their full potential.

IMO, DYOR, etc.

Up 2.75p today, closing at 47/49. Most trades on the buy-side.

chart break out... 70p here we come!

Wish I had some spare cash so I could buy some more.

last chance of getting these anywhere near 50p

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

great week!

Hats off this time maestro.

how does one create or find charts on the system here?
from what i could make out from a very basic chart elsewhere, there was arguably a breakout at 50p, but .....

Cynic, it's in the button bar at the top of the web-page, top row, fourth from the left.

SP up 36% over ten days, last five days have all posted a rise. Nice.

FWIW, Nickel news from today's FT.com:

Nickel rose 3.5 per cent to a record $20,000 a tonne as traders said that hedge funds were betting on disruptions to output from Incos Sudbury facility in Canada, where wage negotiations are ongoing and the current labour contract runs out in mid-May. Inco has also forecast a 10,000 tonne global nickel deficit this year compared to an 11,000 tonne surplus in 2005.

Up again today, by 1.5p, on the back of strong metals prices.

I'm impressed by the rise over the last few months, so have just topped up (nearly doubled) my holding at 58.56p.

up 2.5p,should keep nice steady rise now according to the chartists.OT does anyone hold PET?

Volume is tiny but it's almost all on the buy side. Suspect the chartists are right.

Ridge Mining PLC - Holding(s) in Company
RNS Number:6490C
Ridge Mining PLC09 May 2006
Ridge Mining plc Holding in Company
9 May 2006

The Company received notification on 8 May 2006 that following a sale of a portion of its investment in the ordinary shares of US$0.05 each in Ridge Mining plc, RMB International (Dublin) Limited's position is now below the 3% disclosure mark.

Contacts:Ridge Mining plc: +44 (0) 20 7379 1474Francis Johnstone, Commercial Director This information is provided by RNS

Looking cheap-ish today with only a 0.5p spread.

RDG Bid: 58p Offer: 58.5p

Hit a bit last couple of days but one to hang on to for a pound or higher as the story gets better and better!!

Ridge Mining PLC
16 May 2006

Ridge Mining plc

('Ridge') (AIM:RDG)



16 May 2006



Offtake Agreement Signed for Blue Ridge Mine



Ridge Mining plc, the Platinum Group Metals company operating in South Africa,
today announces that it has signed an agreement with Impala Refining Services
Limited (Impala) for the offtake of the concentrate to be produced over the life
of the Blue Ridge Mine near Groblersdal, South Africa.



A bankable feasibility study was completed on Blue Ridge in November 2005 for a
mine producing 125,000 ounces of 4 PGE (platinum, palladium, rhodium and gold)
per annum over a period of 18 years. Consequently a decision was made to bring
the mine into production and a consortium of banks led by the Development Bank
of Southern Africa was mandated to provide the debt finance for the project. The
bank consortium is now in the advanced stages of the technical due diligence
process with the view to finalising the financing arrangements by mid year and
commencing development at Blue Ridge in the second half of the year.



The terms of the offtake agreement with Impala are of a commercially sensitive
nature although the higher grade concentrate to be produced as a result of the
Efficient Cut mining method has resulted in materially improved terms being
offered by Impala.


Terence Wilkinson, Chief Executive of Ridge commented:



'The signature of the offtake agreement was a key condition of the bank finance
for the Blue Ridge development. We are on schedule to commence development of
the project in the next few months with the objective of achieving first PGM
production during 2008.

Marvellous news, Pommy, good to see that some people are focused on the funadamentals and not the current panic.

I like the sound of those "materially improved terms" - one hopes that RDG hasn't locked itself into anything that will prove to be disadvantageous should commodity prices resume their upward trend, but it sounds good because we can be sure that the origianl feasibility study was done using figures that were extremely conservative in comparison with current metals prices.

and with the SP having dropped almost 25% in the last few days, I guess this is something of a buying opportunity. Could have further to fall, though, given prevailing market conditions. I wish I was liquid at present, so I could load up with some more . . .

what the fu?? is going on?

The ar5e has fallen out of the market, is what has happened. Panic reigns. I have now liquidated some profits in order to wait for some bargains - probably after the summer lull.

Ridge is looking ever more a bargain, IMHO, but am still watching and waiting as the current market scenario offers too many opportunities to catch a falling knife.

bargain? god, it will go bankrupt at this rate

Fantastic - wish I had a suitcase full of cash so I could get some more when the price stops falling . . . .

its down again..........it will soon be at its lowest ever...............

Bargain city . . . .

A 5% rise on today's RNS:

Ridge Mining PLC - AGM Statement
RNS Number:1291G
Ridge Mining PLC
13 July 2006

Ridge Mining plc

('Ridge') (AIM:RDG)


13 July 2006


AGM Statement


Speaking at today's Annual General Meeting the Chairman, Mr Oliver Baring, made
the following statement:


Ridge Mining has continued to make significant progress on its two core
projects, Blue Ridge and Sheba's Ridge on the Bushveld Complex of South Africa
and has commenced the rationalisation of the remainder of its portfolio of
projects.


Blue Ridge


At Blue Ridge the banking consortium consisting of the Development Bank of
Southern Africa, Investec and Standard Bank has completed its due diligence.
Application for the loan facilities totalling Rand 650 million are now being
forwarded to the respective credit committees for final approval. These
approvals are expected in early August.


Negotiations with potential empowerment partners to acquire a stake in the Blue
Ridge project are continuing. This process has taken somewhat longer than
planned following our desire to maintain a larger stake in the project than
previously envisaged. These discussions are close to conclusion and a further
announcement will be made shortly.


We have made the key appointment of Chris van Aswegen as the Project Manager of
Blue Ridge. Chris, a mining engineer, previously worked for Anglo Platinum at
the Bafokeng Rasimone Platinum Mine where until recently he oversaw the
successful expansion of the North Section. Chris is a welcome addition to our
technical team and will have overall technical responsibility for the mine's
development.


Pre-development work at Blue Ridge continues apace. Murray & Roberts Cementation
has been appointed the preferred mining contractor for the development of the
underground mine and its subsequent operation and it is planned to sign the
final contract in the next few weeks. Bateman Engineering has been engaged to
produce the detailed design for the concentrator plant and they are expected to
submit their lump sum tender bid in early August.


Sheba's Ridge


Following completion of a pre-feasibility study last year at Sheba's Ridge, the
bankable feasibility study commenced in May. Industrial Development Corporation
of South Africa Limited ('IDC') has agreed to fund the feasibility study in
return for a 26% participation interest in the Sheba's Ridge project.


Under the terms of a new joint venture agreement between Ridge, IDC and the
Anglo Platinum subsidiary, Rustenburg Platinum Corporation Limited, the
respective participation interests in the project following completion of a the
feasibility study and a positive development decision will be Ridge 61.5%, IDC
26% and Anglo Platinum 12.5%.


The main activity currently underway at Sheba's Ridge is the drilling of wide
diameter core boreholes to produce a 50 tonne representative bulk sample from
across the entire orebody. There are currently 3 rigs drilling on site with a
further 2 being mobilised in order to complete the extraction of the bulk sample
by the end of October. The representative bulk sample will be the subject of a
comprehensive metallurgical testwork campaign including a pilot plant programme.
The results of this metallurgical work will govern the design of the processing
facilities for the feasibility study which is planned to be completed towards
the end of next year.


Non-core Projects


We have also sought to rationalise our portfolio of projects and have recently
signed an option agreement with Bushveld Platinum PLC regarding our non-core
Fonte Verde, Rooikraal and Red Bush Ridge projects. Under the terms of the
option agreement, Bushveld Platinum has paid an option fee of Rand 1 million
(US$140,000) for a 3 month exclusive option to acquire these three projects for
Rand 20 million (US$2.8 million). The option period is extendable for a further
three months on the payment of further option fees.


Resolutions


Resolutions 1 to 7 were duly passed. Resolution 8 was withdrawn.

You can still buy it for under 40p too: RDG Bid: 38p Offer: 39p Change: 2.

Current mkt cap is 24 mil

RDG Bid: 30p Offer: 32p Change: -3 Mkt cap 19 mil.

Cheap as chips, IMHO. Off the top of my head I can't think what Ridge has done to merit such a sell-off. Which means it must be a better buy than ever.

The lowest the SP has ever been was about 25p in November 2005. So if this goes sub-30p, with the prospects it has, it surely ought to be a screaming buy.

Will continue a watch and add policy, funds permitting.

WDIK, please make up your own mind, etc.

maybe chips are cheap for good reason ...... this isn't a stock i have followed, but have just had a look at the chart and can see no reason to buy at all ...... fall has been pretty precipitous, with little relief at all on the way down.

Aha, the reasons to buy are forthcoming gold and nickel production from a couple of very promising sites. RDG has between 40 and 60 % interests in its prospects. Gold production is due to start in 2007 from the lessersite. Original cashflow estimates from the project were about $33 million p.a., and that with a far lower gold price than we are currently seeing.

Nickel production due to start in 2008 (I think) is 24,000 tonnes a year. Even if you go back to a conservative nickel price of $10,000, that gives you $240 million in value of the refined product. Am not quite certain whether Ridge will be involved with the refining - I think it's more likely they'll just ship out concentrated ore, for
which you can reckon at least 25% of the refined commodity price.

There are also bits of copper, moly and palladium/platinum at various sites, all of which add spice to the mix. I was impressed with the results of the feasibility studies and the fact that the arranging of financing appears to be going very well.

Personally I think it's likely to be a smash hit.

There's another RDG thread out there with more info on it, plus of course all the usual bumf on the company website and financial info and RN's on ft.com.

Tech analysis on this one will come into its own when the SP hits the support level. Personally I'd be surprised if the market tolerates anything below about 27p - IMO th stock would be glaringly oversold at that level. At present the co looks slightly oversold, and when I start making comments like the previous sentence, usually the market suddenly wakes up and agrees with me.

Enough waffle - I know you'll DYOR; just wanted to persuade you to give this a second look.

with nothing due to happen at all until 2007 and 2008, there looks to be no hurry to buy yet ...... it's all a long way off and no one knows at all what world economies will be doing that far out ...... as you already have, then like a good bad woman, hold!

Fair comment, Cynic - I bought it when things were marching upwards! Agree that many resource co's offer lots of opportunities to wait and see - especially in the current soggy market.

PS - if you want to see something on the rise, check out the new Redhall (RHL) thread. Threebagger since Feb!

Nickel production may still be some way off, but an update on the soaring nickel price never goes amiss:

"Nickel traded at $26,800 a tonne, not far short of last weeks record $27,300, supported by strike action at Incos Voisey Bay mine in Canada, gaining 3.9 per cent this week. Global nickel inventories are at critically low levels having shrunk to less than one days worth of world consumption."

from today's ft.com

RNS out today:

Ridge Mining PLC - Blue Ridge Financing
RNS Number:2116I
Ridge Mining PLC
30 August 2006

Ridge Mining plc

('Ridge') (AIM:RDG)


30th August 2006


US$42 million financing for Blue Ridge PGM Mine

sets the stage for production in 2008


* ZAR300m (US$ 42m) equity funding to be provided by Imbani for 50%
interest in the Blue Ridge Mine, South Africa (Ridge retains 50%)

* 125,000 ozs 4PGM production per annum to commence in 2008

* ZAR650m (US$91m) project debt facilities with DBSA, Standard Bank and
Investec at an advanced stage


Ridge Mining plc, the Platinum Group Metals ('PGM') developer announces that it
has signed binding Heads of Agreement ('the Agreement') with Imbani Platinum
(Pty.) Ltd. ('Imbani') whereby Imbani will provide ZAR300m (US$ 42m) of equity
funding for the Blue Ridge development in return for a 50% equity interest in
the project. The remaining equity requirement of ZAR100m will be provided by
Ridge.


Ridge's retention of 50% of the Blue Ridge mine represents an improvement on the
previously announced terms reflecting its commitment to the project and the
project's improved economic returns.


Imbani is 100% owned by black South Africans and as such qualifies as an
empowerment company in terms of the Minerals and Petroleum Resources Development
Act 2002 ('Minerals Act'). The majority of Imbani's investment in Blue Ridge is
to be funded by the Industrial Development Corporation of South Africa ('IDC'),
and the Development Bank of Southern Africa ('DBSA') who have completed all
their internal approval processes.


Imbani, led by Briss Mathabathe and Joel Mokgohlwa is a member of the Imbani
Group founded in 1977, which has interests in mining and exploration, industrial
supplies and services, property development, engineering and construction, train
and rail operations, telecommunications and power utilities.


The agreement with Imbani and confirmation of their funding was the last
condition required for the consortium of South African banks (DBSA, Standard
Bank of South Africa and Investec Bank) to obtain their final approvals for the
project debt facilities of ZAR560m (US$ 91m ) (ZAR650m including cost overrun
facility).


Under the terms of the Agreement, Ridge will be the operator of the project
during both the construction and operating phases in conjunction with Imbani.
Ridge is at an advanced stage of negotiating contracts for the major components
of the project development. The participation of an empowerment company in the
development will assist in the conversion of the Mining Licence to a 'new order'
Mining Right as required by 2009 under the Minerals Act.


The Blue Ridge project, located 190 km from Johannesburg, has been designed to
produce 125,000ozs of PGMs (in concentrate) per annum which will be sold to
Impala Refining Services under an agreement announced in May. Production of PGM
concentrate is expected by mid 2008. A bankable feasibility study completed at
the end of 2005 indicated an NPV (at 10%) of US$83m (real) based on a price for
the basket of PGMs produced of US$909/oz and a Rand/Dollar exchange rate of
6.62. Today's basket price of approximately US$1,300/oz and R/US$ 7.1 both
significantly improve the project economics.


Under the terms of the Agreement (subject to shareholder approval) Imbani will
purchase, for 2.5m, options to acquire 25 million ordinary shares of Ridge for
0.70 pence per share. The options will have a life of five years from date of
issue.


Ridge Mining has a number of funding options with regard to its contribution to
the project financing under consideration. A further announcement will be made
in due course.


Terence Wilkinson, Chief Executive commented:


'Today's securing of the US$42 million towards the development of the Blue Ridge
mine and the empowerment credentials accompanying this investment will enable us
to start production at the rate of 125,000 ounces PGM from 2008. We are now in a
position to conclude the US$91 million project debt facility with the consortium
of banks that include DBSA, Investec and Standard Bank.


This agreement enables Ridge to make the progression from 'explorer' to mine
developer and operator - a role we are well equipped to perform. We welcome
Imbani as our partners in the project along with their backers IDC and DBSA and
together we are committed to unlock the significant value in Blue Ridge which
has also been improved by the increase in metal prices and exchange rates.'


Contacts:

Conduit PR : Tel: +44 20 7429 6666
Leesa Peters Mob: +44 (0) 7812 159 885
Laurence Read, Mob: +44 (0) 7979 955 923

Ridge Mining plc: +44 (0) 20 7379 1474
Terence Wilkinson, Chief Executive
Francis Johnstone, Commercial Director


Editors notes:


Ridge is a South African focused PGM and base metal developer with several
projects on the Bushveld complex, the dominant primary source of world PGM
production.


Other Ridge projects are:


Sheba's Ridge; a large scale near surface deposit hosting a resource containing
19m ozs of PGM (3E) and 1.3million tonnes of nickel. A feasibility study on this
project is underway. Ridge is in joint venture with Anglo Platinum and has
recently agreed with IDC for it to fund the Feasibility Study in return for a
26% interest in the project.


Fountain Ridge a PGM exploration project on the Western limb of the Bushveld
complex in joint venture with Mmakau Mining and the local community. Early
exploration results have confirmed the presence of the UG2 reef and further
drilling is planned to recommence shortly.


Ridge also has a number of early stage exploration properties on the Bushveld
Complex.


This information is provided by RNS
The company news service from the London Stock Exchange
END

I've decided to join the party. I know I'll have to be patient but I don't think I'll be disappointed. I won't look at these again until Christmas.

Yep, good time to be jumping in, IMO, Profitmaker. These may indeed take a while to blossom fully, but seem to be a fair one-way bet from these levels. Good luck and, er, Happy Christmas! :o)

looks like a good bet for the next 18 months, rest of mine obvoiusly valued at $42million at present state and market cap reflects that so alot of upside if you factor in reserves and rising prices plus reduced loan payments and ability to develope further.

Interim Results came out laast week. Didn't contain much by way of surprises as all the news has already been announced, but did have the following to say in relation to Sheaba's Ridge:

"The pre-feasibility study completed last year, based on a nickel price of
US$4.50/lb, copper US$0.95/lb, platinum US$750/oz and palladium US$250/oz, gave
a net present value (5%) of US$388 million for the project. Whilst we do not
expect the current nickel prices in excess of US$13/lb to be maintained in the
long term, it should be noted that a US$0.50/lb increase in the nickel price has
the effect of adding US$25 million to annual project revenues or US$160 million
to the NPV. The project is therefore well placed to benefit from sustained high
nickel prices."

Although it's clearly going to be a while before Ridge has geared up for production (a pilot plant test is due early in 2007), the news re the pricing is good, as the feasibility study was carried out using commodities prices way below what we are seeing currently. RDG could be quite a good moneyspinner.

And then of course there's today's RNS - Chinese Group to take a 20% stake in Ridge and provide funds.

Ridge Mining PLC - Notice of EGM
RNS Number:7306J
Ridge Mining PLC
02 October 2006

Ridge Mining plc

('the Company' or 'Ridge') (AIM:RDG)

2 October 2006


Leading Chinese Mining Company forges Long Term Relationship with Ridge and
subscribes for 8.2 million in Ordinary Shares and Warrants


Ridge announces that it has conditionally agreed to issue 16 million new
ordinary shares of US$ 0.05 each in the capital of the Company (the
'Subscription Shares') at 45 pence per share and grant warrants to subscribe
for up to 10 million ordinary shares of US$ 0.05 each in the capital of the
company ('Ordinary Shares') at a price of 70 pence per Ordinary Share (the
'Warrants'), to a subsidiary of Zijin Mining Group Company Limited ('Zijin') in
consideration for the payment of 8.2 million (US$15.3 million) (together, the
'Subscription'). The Subscription is subject, inter alia, to shareholders
passing appropriate resolutions ('the Resolutions') at an Extraordinary General
Meeting of the Company ('EGM') to be held on 30 October 2006.


Zijin is a Chinese resource company listed on the Hong Kong Stock Exchange with
a market capitalisation of approximately US$5.2bn and is one of China's leading
mining groups principally engaged in the exploration, mining, production,
refining and sale of gold and other mineral resources in China. During 2005,
Zijin produced approximately 491,000 ounces of gold of which some 369,000 ounces
were produced from the large open pit Zijinshan gold mine in Fujian province. It
also produced 19,869 tonnes of copper during 2005 primarily from the Ashele
copper mine in Xinjiang.


The investment by Zijin in Ridge is intended to provide a platform for future
collaboration and technical cooperation between the two companies for the
development of future projects. Zijin's expertise in the open pit mining of
large scale lower grade ore bodies is expected to be particularly valuable in
respect of Sheba's Ridge. Immediately following the Subscription, Zijin will be
interested in approximately 20% of the issued Ordinary Share capital of Ridge.


At the EGM, Ridge is also seeking approval to permit the proposed grant of
options to subscribe for up to 25 million new Ordinary Shares at a price of 70
pence per Ordinary Share (the 'Options') to Imbani Platinum (Pty) Limited ('
Imbani') for a consideration of 2.5 million. The Options will be issued
pursuant to an option agreement in accordance with the Company's obligations
under the Heads of Agreement with Imbani announced by Ridge on 30 August 2006
(the 'Imbani Agreement').


The proceeds of the Subscription and the grant of the Options will be applied
principally to fund the Company's share of the equity component of the Blue
Ridge project in South Africa and for general working capital purposes.


Principal terms of the Subscription


The Company is proposing pursuant to a subscription agreement dated 29 September
2006 between the Company, Zijin and Gold Mountains (H.K.) International Mining
Company Limited ('Gold Mountains'), a wholly owned subsidiary of Zijin, to raise
8.2 million through the Subscription. The Subscription Shares will represent
approximately 20 per cent. of the enlarged issued share capital of the Company
on their admission to trading on AIM ('Admission'), which is expected to take
place on or around 2 November 2006. The Subscription Shares will be issued
credited as fully paid and will, on Admission, rank pari passu with the existing
ordinary share capital of the Company.


In addition, Gold Mountains will be granted the Warrants which will entitle it
to subscribe for 10 million new Ordinary Shares at an exercise price of 70p per
share with an exercise period of three years from the date of grant.


The Company, Gold Mountains and Zijin have also signed a relationship deed dated
29 September 2006 to govern the basis of future cooperation on the Company's
projects and to ensure the independence of the board of directors of the Company
(the 'Board'). The deed entitles Zijin to appoint a non-executive director to
the Board.


Zijin


Zijin is a Chinese resource company listed on the Hong Kong Stock Exchange and
is principally engaged in the exploration, mining, production and sale of gold
and other mineral resources in China.


Following completion of the Subscription, it is intended that Ms Shan Shan Li
(Susan Li) be appointed a non-executive director of the Company. Ms Li, a
Mechanical Engineer, is General Manager of Zijin's Division of Overseas
Development with 20 years of experience in the metallurgical, mining and mineral
industries in China and an MBA from the University of Victoria, British
Columbia, Canada.


The Imbani Options


Under the terms of the Imbani Agreement, announced on 30 August 2006, Imbani has
agreed to purchase, for 2.5 million, options to acquire up to 25 million new
ordinary shares for 70p per share. The Options will be granted pursuant to an
option agreement to be entered into between the Company and Imbani. It is
proposed that the Options will be exercisable for a period of five years from
date of grant and, upon exercise of the Options, the Company will have the right
(but not the obligation) to pay out the difference in the market price of the
Ordinary Shares at that time and the exercise price of 70p per share for the
Options instead of the issue of new ordinary shares. Authority will be sought at
the EGM to permit the grant of the Options.


Extraordinary General Meeting


An EGM is to be held at 10.00 am on 30 October 2006 at the offices of the
Company, 7th Floor, Brettenham House, 5 Lancaster Place, London WC2E 7EN at
which the approval of shareholders for the Resolutions will be sought. Notice of
this meeting is contained in a circular, which is expected to be sent to
shareholders tomorrow. Copies of the circular will be available free of charge
at the offices of Field fisher Waterhouse LLP., 35 Vine Street, London, EC3N 2AA
(Saturdays, Sundays and public holidays excepted) until 3 November 2006


Terence Wilkinson, Chief Executive commented:


'The agreement with Zijin marks an important step forward for Ridge and
introduces a powerful potential partner for the exploitation of the Company's
substantial Sheba's Ridge project. We anticipate being in a position to commence
planning construction following the completion of the bankable feasibility study
towards the end of 2007. Zijin will be available to provide technical and
financial assistance as required, significantly decreasing the risks associated
with such a large project. We welcome Zijin and look forward to a fruitful and
profitable partnership.'


Chen Jinghe, Chairman of Zijin commented:


'The investment in Ridge Mining is an important step in our long-term strategic
objective to increase our resources and production base overseas. It also
represents a breakthrough for Zijin in the South African precious metals mining
industry.'


Contacts:


Conduit PR: Tel: +44 20 7429 6666 Mob: +44 79 7995 5923

Laurence Read


Ridge Mining plc: +44 20 7379 1474

Francis Johnstone, Commercial Director

Donald McAlister, Finance Director


Zijin Mining Ltd: 0086-597-3933105


This information is provided by RNS
The company news service from the London Stock Exchange
END

Up again today - nice to see Ridge with the wind beneath its wings. Wonder how long the momentum will last.

RDG Bid: 42p Offer: 43p Change: 5.75

3 bagger by Oct 07 ?

NR, I don't like to make predictions, especially about the future.

It's possible; it would be nice; however, I don't think RDG will have anything much in production by then, so it might be a little too much to hope.

gain not held .... now only +2.5 and pretty muted volumes too

That's why I'm not predicting a three-bagger any time soon. :o)

Definitely one to be holding on to for two or three years if the real profits are to be attained. As long as the commodity prices stay above the very conservative values used in the Blue Ridge feasibility study then this should be a winner.

RNS out today: Director Donald McAlister acquired 100,000 shares this week at 39.5p, taking his total holding to 200,000.

Ridge Mining PLC - Disposal of Non-core assets
RNS Number:0153M
Ridge Mining PLC
14 November 2006

Ridge Mining plc

('Ridge') (AIM:RDG)


14 November 2006


Option to acquire non-core projects exercised


Ridge Mining plc, the Platinum Group Metals company operating in South Africa,
announces that Bushveld Platinum PLC has exercised their option to acquire the
Rooikraal, Red Bush Ridge and Fonte Verde projects from the Company pursuant to
the option agreement signed in July 2006.


Completion of the sale is subject to execution of definitive sale agreements and
to ministerial approval. The total sale price for the three projects is Rand 20
million (US$2.8 million) of which the Company has received Rand 7 million in
option fees and deposits.


Terence Wilkinson, Chief Executive of Ridge commented:


'The sale of these non-core projects is in line with our strategy to focus on
our development projects Blue Ridge and Sheba's Ridge whilst maintaining a
pipeline of prospective early stage projects through Fountain Ridge and Western
Ridge.'

BID ALERT!!!!!!!!!!! MASSIVE T-TRADES AFTER HOURS...CHINESE WHISPERS ?

tell me more maestro............whats the news

none! .... that said, share is behaving pretty well and seesm to have had a quick burst

RE-RATING IMMINENT ACCORDING TO III.CO.UK

seems III.CO.UK was right - this has been going great over the past few weeks. Bought a few on a T+20 as I think there may be more on the way.

RDG Bid: 116p Offer: 119p Change: 8

PDYOR, etc.

Wish I hadn't dumped my original holding at around 45p!

I believe this speaks for itself:

(My apologies, wrong chart posted a moment ago!)

Nudging up: RDG Bid: 119p Offer: 121p Change: 2.5, 573K traded

roaring away: RDG Bid: 122p Offer: 124p Change: 5.5, 822K traded

too true soul.

i bought these last year at 55p.......too soon perhaps as they went to 30p

but now the good times have come

Right, Scot. Whatever got into these just before the bell? RDG Bid: 128p Offer: 130p Change: 11.5, 1.1 mil traded

I had a look around 58p, but did not get on board. Is it too late??

RDG ought to be worth holding as they are going into production end 2008, also 2009. High metals prices are breathing life into this one at the moment.

I would urge you to please DYOR. I got into this just a week or so ago as a short-term trade and will be out again when I have made some money!

FWIW I suspect that today's SP surge was due to the market cap breaching 100 mil.

Up again today: RDG Bid: 134p Offer: 137p Change: 6.5 215K traded so far, mkt cap 103 mil.

Dropping back on the latest RNS: RDG Bid: 127p Offer: 129p Change: -1

Had been as low as 119p. I have closed my trade on about 5% profit - not bad for a few days' work!

Ridge Mining PLC - Stmnt re Share Price Movement

RNS Number:0903V
Ridge Mining PLC
18 April 2007


Ridge Mining plc


18 April 2007


Ridge Mining plc ('the Company' or 'Ridge') notes the recent rise in its share
price and recent takeover speculation for junior/developer platinum group metals
companies. Ridge confirms it is not in any discussions with any parties
regarding a potential bid for the Company.


Contact: Francis Johnstone - 020 7379 1474.


This information is provided by RNS
The company news service from the London Stock Exchange
END

Will watch and wait to see what happens next.

could retrace to 82 p...then start another massive rise to 1000p

This is amazing. I jumped off at 76p with a view to looking at it again if it dropped to 60p. This it nearly did during the market correction but I took my eye off the ball. Wish I could have got back in. Good luck to you all.

is this worth holding onto?

dropping more than a glasgow prostitute knickers

PRO REFERENDUM MARCH AND RALLY
LONDON
SATURDAY 27TH OCTOBER

WWW.PRA.UK.COM

this share has been hammered in recent times..........surely a set to recent highs is on the cards in short / medium time as commodity prices will keep rising through time with the way China and India and rest of world are gobbling up stuff.

This is a very dangerous stock to keep holding on.

52p...is it safe to buy?

Looking at the chart, does it look like a growth stock?

12 February 2009
Ridge Mining PLC ('Ridge' or the 'Company') (AIM: RDG)

"Ridge confirms it is currently in discussions with Aquarius Platinum Limited ('Aquarius') which may or may not lead to an offer for Ridge's entire issued and to be issued share capital.

There is no certainty as to the terms and structure of any such transaction nor that an agreement will be reached between the Company and Aquarius. Shareholders are advised to take no action at this time. Any further announcement will be made as appropriate."

"Ridge Mining climbs after Aquarius Platinum published details of an all- all share offer for Ridge at an exchange ratio of 1 Aquarius share for every 2.75 Ridge shares in issue. The terms value each Ridge share at about 69p and the company as a whole at about 63.8m."

According to this site no buys today just sells 1.6m, can that be right?

Currently 64p. Almost at the 69p target, which looks increasingly probable.

Does anyone know when this deal goes through?

Nothing definite yet:
"On 26 March 2009 Aquarius Platinum Limited and Ridge Mining plc announced that they expected to sign an implementation agreement in connection with the possible acquisition of Ridge by Aquarius prior to 7.00am GMT on 27 March 2009.

Aquarius and Ridge can now confirm that the Implementation Agreement has been
signed in the form anticipated by yesterday morning's announcement.

Aquarius has agreed to make an all share offer for the entire issued and to be issued share capital of Ridge.

Aquarius and Ridge are pleased to confirm that the final exchange ratio is agreed at 1 Aquarius share for every 2.75 Ridge shares.

This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Code and shareholders are advised that, even if the Pre-Conditions are satisfied or waived, there can be no certainty under the Code that any offer to acquire Ridge Shares will be made."

Dated 18th June '09:
Business Financial Newswire
"Aquarius says its offer for Ridge Mining has been approved unconditionally by the South African Competition Tribunal.

The transaction is subject to the approval of Ridge shareholders, which is being sought at the shareholder meetings on 6 July, and the approval of the court, which is being sought on 27 July.

Aquarius has received irrevocable undertakings to vote in favour of the transaction representing 32.7% of Ridge's issued ordinary share capital, received from the Ridge directors and the two largest shareholders, Gold Mountains (H.K.) International Mining
Company Ltd - a wholly owned subsidiary of Zijin Mining Group Co. Ltd - and Blackrock Investment Management (UK) Ltd."

Dated 6th July '09: (Extract)
"The Independent Directors of Ridge are pleased to announce that at today's meeting of Ridge Shareholders convened by the Court, the required majority of Ridge Shareholders approved the Scheme without modification. At the subsequent General Meeting, also held today, Ridge Shareholders passed the proposed Special Resolutions, as set out in the notice of General Meeting dated 9 June 2009.

At the General Meeting, the Special Resolutions were passed unanimously on a show of hands.

The Scheme and the associated reduction of capital remain conditional upon the subsequent sanction and (as the case may be) confirmation of the Court.

Cancellation of Admission
The Company re-confirms that application will also be made to the London Stock Exchange for the cancellation of admission to trading on AIM of the Ridge Shares, conditional upon the Scheme being sanctioned by the Court and becoming effective on the Effective Date. It is anticipated that cancellation of admission to trading will take effect at 8.00 am on 30 July 2009.

Expected Timetable of Principal Events
The following times and dates are indicative only and will depend, amongst other things, on the dates upon which the Court sanctions the Scheme and confirms the Reduction of Capital, and whether the Conditions are either satisfied or, if capable of waiver, waived.

Scheme Court Hearing to sanction the Scheme 27 July 2009.

Last day of dealings in, and for registration of transfers of, and disablement in CREST of, Ordinary Shares 28 July 2009.

Suspension of trading and dealings in Ordinary Shares 4.30 p.m. on 28 July 2009"

RDG sp currently 66p (mid) & AQP sp 182p (mid).
Ratio of 2.75 RDG to 1 AQP. Almost spot on at the moment.