I think this one is oversold, and is must BUY @ at level!

I still have 2/3 of my holding.

Well done Skinny. It will come good IMO.

Looking to fill the gap @80p ?

South African platinum workers strike over job cut plans

Wednesday 16 January 2013 18.14 GMT

The South African government and its trade union allies are attempting to head off a new crisis in the mining industry after platinum workers at three pits downed tools on Wednesday in protest at plans by Anglo American Platinum (Amplats) to cut 14,000 jobs.

Second Quarter 2013 Production Results

Highlights

* Attributable production from operating mines increased by 2% quarter-on-quarter
to 78,987 4E ounces

* Average PGM basket price increased 5% for the quarter in Dollar terms

* The Rand weakened against the US Dollar by 4% on average quarter-on-quarter

* Transition to owner operator completed during the quarter and below budget

* Rollout of revised hanging wall system completed during the quarter

* Cash costs at Kroondal decreased 7% to R8,403 per PGM ounce quarter-on-quarter

* Cash costs at Mimosa increased 8% to $897 per PGM ounce quarter-on-quarter

* Mimosa and Government of Zimbabwe agreed commercial terms on Indigenisation and
signed a term sheet

Aquarius Platinum 2013 Half Year Financial Results to 31 Dec 2012

Key Points: Financial

Revenue decreased by 29% to $179 million (H1 2012: $252 million)

Mine operating net cash flow decreased by $63 million to a $38 million outflow
(H1 2012: inflow of $25 million)

Mine EBITDA decreased by 24% to $22 million (H1 2012: $29 million)

Group cash balance at period end of $83 million

Key Points: Operational

Group attributable production decreased by 27% to 156,787 PGM ounces (H1 2012:
215,453 PGM ounces)

Attributable production from operating mines increased by 8% compared to the
previous corresponding period (pcp)

The average US Dollar PGM Basket Price was 10% lower compared to the pcp

The average Rand Basket Price increased by 1% compared to the pcp due to a
weaker Rand

The Rand weakened by 12% on average against the US Dollar

On-mine unit cash costs in South Africa increased by 3% in Rand terms

Mimosa performed strongly again, continuing to produce at capacity

Operations at Blue Ridge, Marikana, Everest and CTRP remained suspended

Hic!

Skinny
You appear to be home alone with AQP.
I bought early January on a chartists hunch; still bullish imho

Djalan - yes I bought in here mid December (I have sold @30%) and JLP mid Jan.

Combination of the chart and the platinum price - quietly optimistic!

I'm in from some time ago, need 95p before profit.,.

AQP likly bid target
http://www.ft.com/cms/s/2/d61f9b0e-7d22-11e2-8bd7-00144feabdc0.html#axzz2LlbymOiy

StockMarketWire.com
Aquarius Platinum has suspended operations at the Kroondal mine's Kwezi shaft after a contractor was fatally injured in a landslip.

The company said no-one else was injured.

The name of the deceased has been withheld until the next of kin have been informed.

The Aquarius board and management have expressed their sincere condolences and said that an investigation into the cause of the accident will start this afternoon (25 March).

Management is in close communication with employee associations and unions, as well as the Department of Mineral Resources.

Operations Resume at Kroondal Platinum Mine's Kwezi shaft
Aquarius Platinum Limited ("Aquarius" or the "Company") advises that operations have resumed at the Kwezi shaft of the Kroondal Platinum Mine ("Kroondal") following the lifting of suspension notices issued on 25 March 2013. Mining operations were temporarily suspended following a fatal accident at the mine.

The temporary suspension of mining operations resulted in a loss of approximately 1,500 (4E) ounces of production attributable to Aquarius.

Aquarius continues to support the enquiry into the accident by the Department of Mineral Resources. The tragic accident occurred 21 days after Kroondal had achieved 2,000,000 fatality free shifts.

just bought in..share price should recover to the 50's now

delayed reaction..i guess MMs arent the brightest sparks when it comes to correct valuations

StockMarketWire.com
Aquarius Platinum's revenue decreased by 20% to $100m in the three months to the end of March (Q3 2012: $125m) due to mine closures.

Attributable production from operating mines increased by 20% to 81,471 4E ounces compared to their performance in the previous corresponding period.

Mine operating net cash flow increased by $47m to a surplus of $29m inflow (Q3 2012: outflow of $18m) and mine earnings before interest, tax, depreciation and amortisation increased 14-fold to $30m (Q3 2012: $2m).

Chief executive Jean Nel said: "During the quarter under review, Aquarius's focus remained almost exclusively on improving operational performance. It is therefore particularly pleasing to report credible performances at both Kroondal and Mimosa. Kroondal production exceeded 105,000 ounces for the first time since the quarter ended December 2011, while unit costs improved and 2 million fatality-free shifts were achieved in the quarter.

"There was regrettably a fatal accident on 25 March, after this milestone had been reached. Our commitment to safety remains paramount. Mimosa in turn managed to maintain production at above budget levels while unit costs declined by 3%, even after the annual wage increase of 7.5%. The operational teams at Kroondal led by Wessel Phumo and Rob Schroder, and at Mimosa, led by Winston Chitando, deserve credit for their performances.

"While our operational performance improved, the operating environment remained particularly challenging across most disciplines and was exacerbated by the significant drop in dollar metal prices post the period end. There appears little cause for optimism about the sectors' immediate prospects.

"Against this backdrop, we remain focussed on maintaining operational stability, effecting incremental operational improvements and preserving our treasury to ensure that Aquarius is well positioned to respond to any uplift in PGM prices."

Broker update.....


14 May Aquarius Platinum... AQP Deutsche Bank Buy 45.50 45.50 70.00 70.00 Reiterates

SP TARGET 70p.

Preliminary Full Year Results to 30 June 2013
Key Points: Financial

Mine EBITDA increased by 145% to $70 million (FY2012: $29 million)

Revenue decreased by 24% to $371 million (FY2012: $486 million)

Headline loss (before exceptional charges) of $61 million (FY2012: headline loss $154 million)

Reported net loss of $288 million (61.13 cents loss per share) after impairment losses of $226 million

Group cash balance at FY close of $103 million

No dividend declared

Key Points: Operational
Group attributable production, excluding operations on care and maintenance, increased by 13% to 325,103 PGM ounces for the full year

US Dollar PGM price weakened by 6%, offset in South Africa by weaker Rand-US Dollar exchange rate

Average Rand Basket Price up 7% year-on-year at just over R10,940 per PGM ounce due to Rand weakness.

Weighted average on-mine unit cash costs in South Africa decreased by 15% in Rand terms

Key Points: Strategic
Implementation of revised support system at Kroondal completed

Move to Owner Operator model at Kroondal completed

Focus on turnaround at Kroondal evidenced by improved operating results - Kroondal EBITDA up 12 fold compared to pcp

Kroondal mine life increased a further 3.5 years to 9.5 years following agreement with PSA1 partner Amplats.

All unprofitable operations have been placed on care and maintenance for the duration of the current downturn.

Commenting on the results, Jean Nel, CEO of Aquarius Platinum said:

"The year under review was exceptionally challenging for Aquarius, a year in which we had to close loss-making mines, face disruptive industrial action, implement an owner-operator model at Kroondal and revise the hanging wall support regime. Further, we had to contend with on-going regulatory uncertainty in an environment in which metal prices continued to materially underperform consensus forecast.

That said, we have learnt much during these difficult times and have emerged as a leaner and more focussed business, fully intent on continuing the positive momentum into the new year. As we expect the difficult operating conditions and low metal prices to continue in the new financial year, our focus will remain on improving operational performance and cash generation."

http://www.moneyam.com/action/news/showArticle?id=4647297

AQP up nicely today, looks like a Banks and
Mining day and other stocks being effected by
DOW debt ceiling ongoing problems.

StockMarketWire.com
Blasting activities at the Kwezi shaft at Aquarius Platinum's Kroondal mine have been suspended after the body of a female employee was found underground this morning (9th October).

The company said a forensic investigation by South African police is currently under way.

Aquarius says that while the circumstances of the incident cannot be disclosed, it was apparent during the initial investigation that the woman may have been assaulted.

The woman's name is being withheld out of respect for her family.