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

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.

StockMarketWire.com
Aquarius Platinum posts first quarter net after-tax losses of $10.2m - down from $19.6m a year ago.

Earnings before interest, tax, depreciation and amortisation rose to $6.3m from $1.6m a year ago but dwon $4m quarter-on-quarter due to higher costs and lower recoveries at Kroondal.

The group says attributable production increased by 9% to 84,504 4E ounces compared to the correpsonding period last year and remains consistent quarter-on-quarter - 2.6% lower.

Chief executive Jean Nel said the three months to the end of September was a challenging quarter on all fronts.

Nel said: "Despite the challenges we faced, all operations delivered improved safety performances, and all operations delivered production results in line or above forecast.

"Notably, Kroondal exceeded forecast production levels, delivering in excess of 100,000 4E ounces for the fourth consecutive quarter, despite both concentrator plants undergoing planned maintenance during the quarter and despite the mine encountering geological and consequential recovery problems throughout the quarter.

"Cost performance at Mimosa and Plat Mile was in line and below forecast respectively, while costs at Kroondal were higher driven by the implementation of the wage increase in July, winter electricity tariffs, which will reverse in Q2, as well as lower concentrator plant recoveries.

"The credible operational performance for the quarter, and the significant reduction in the company's corporate cost base notwithstanding, our business remains marginal at prevailing metal prices, where no improvement appears imminent. Against this backdrop management will remain resolute in its focus on improved safety, cost and operational performance.

"Tragically, post quarter end an employee, Cintiah Setuke, lost her life at Kroondal in what appears from the preliminary investigations to be a criminal act.

"Kroondal security personnel apprehended a suspect and handed him over the SAPS and he remains in custody.

"I join my colleagues in expressing condolences to her family and friends and Aquarius reiterates that it renounces all acts of violence.

"Sadly the incident took place despite an improved safety performance at Kroondal and after the successful launch of Kroondal's safety campaign, Step-it-Up. Kroondal continues to render its full support to the Department of Mineral Resources and the South African Police Services in the course of its investigation."

Some bounce this morning after the large retracement
Indicators well oversold and now rising also

Goldman Sachs to neutral from sell TP 43p

StockMarketWire.com
Aquarius Platinum said that revenue decreased 2% to $113m in the half-year to end-December (H1 2013: $116m). Mine EBITDA increased 55% to $10m (H1 2013: $6.5m) and group cash balance at period end was $83m.

Mine operating net cash flow increased by $62 million to a $5 million inflow (H1 2013: outflow of $57 million)

Key Points: Operational

Group attributable production increased by 7% to 168,014 PGM ounces (H1 2013: 156,787 PGM ounces)

The average US Dollar PGM Basket Price was 5% lower compared to the previous corresponding period (pcp) December 2012

The average Rand Basket Price increased by 13% compared to the pcp due to a weaker Rand

The Rand weakened by 19% on average against the US Dollar compared to the pcp

On-mine unit cash costs in South Africa increased by 2% in Rand terms compared to the pcp

Mimosa performed strongly again, continuing to produce at capacity but impacted by a low PGM Dollar price, with cash costs down 1% compared to the pcp

Key Points: Strategic

Kroondal exceeded 105,000 PGM ounces for 4 consecutive quarters - with a strong and focused team

Disposal of non-core assets subsequent to half-year end

Jean Nel, CEO, said:

'Aquarius' performance during the period tells two very different stories, a credible operational performance and delivery on safety, production and cost improvements, wrapped in a very difficult macro environment, specifically regulatory, metal price and industrial relations environment.

'During the period under review Aquarius delivered on its stated focus of improving operational performance across all operations, including safety performance, production levels and unit cash costs.

'Despite many challenges Kroondal is now consistently producing at levels higher than at any time in its 10 year history, having recorded production in excess of 105,000 4E ounces for 4 consecutive quarters, whilst at the same time improving its safety performance and recording unit cash costs at levels similar to 24 months ago. Maintaining cost increase at below inflation levels for 2 years represents concrete delivery, which the operational team at Kroondal should be credited for. The dedicated and stable work force at Kroondal should also be commended for partnering with management to ensure continued uninterrupted production at Kroondal during the half-year.

'At Mimosa production continued to be in line with guidance whilst cash costs continue to reduce steadily in real terms. As is the case at Kroondal unit cash costs at Mimosa has increased at a rate well below inflation over the course of the last 2 years. Mimosa's best in class safety performance was also maintained during the period.

'Platinum Mile delivered a credible operational performance in the half-year, and would have outperformed significantly had it not suffered interruptions in its plant concentrate feed during Q2.

'Contrasting the credible operating performance is a challenging and complex macro environment. Our primary concerns in this regard include Dollar metal prices lower by 5% from the same time last year, despite the primary deficit in PGM metal markets during the 2013 calendar year which is forecast to increase in 2014.

'In addition, the prevailing regulatory uncertainty in South Africa and Zimbabwe and the precarious state of the South African industrial relations environment continue to make longer term production planning and capital allocation difficult.

'In summary Aquarius is well aware that the credible operational performance recorded in the half-year notwithstanding, no value was created for our shareholders, and that the company's shareholders is the only stakeholder which has not benefited from the company's activities during the period, and preceding periods. The company will resolutely persist in its pursuit to reverse this by focussing on continued improvements in safety, production and critically cash costs.'