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

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.