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

StockMarketWire.com
Aquarius Platinum's board has agreed a US$0.195 per share offer from Sibanye.

The offer represents a premium of 60.3% to Aquarius's closing share price of £0.08 on 5 October and 71.4% to Aquarius's volume-weighted average share price of £0.07 over the last 30 days up to and including 5 October. The transaction is intended to be implemented by way of a plan of amalgamation under the Companies Act 1981 of Bermuda and Aquarius bye-laws.

Chairman Sir Nigel Rudd said: "The board of Aquarius has carefully considered the proposal received from Sibanye, taking into account all relevant company and macro considerations. The board of Aquarius also took advice from its advisers and engaged with a select number of significant shareholders in the company regarding the proposal and, having taken their feedback into account, have unanimously recommended the proposal subject to an independent expert determining that the proposal is fair and reasonable and in the best interests of Aquarius's shareholders and subject to no superior proposal emerging.

"The board is confident that Sibanye will continue its focus on all stakeholders, including employees, host governments and the communities."