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

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