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

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.