A platinum group metals (PGMs) producer in southern Africa. Company has interests in 5 operations and project located on both the world-renowned Bushveld Complex in South Africa and the Great Dyke in Zimbabwe. Its primary operation Kroondal Mine is one of the lowest cost and most efficient PGM producers in the world. Its second operation in South Africa, the Marikana Mine, is currently making the transition from a pure open cast operation to a mixed underground operation. Its third mine in South Africa, the Everest Mine is currently under construction with commissioning and first production expected by the end of 2005.

Upper graph = 12 month share price with 6 month moving average
Lower graph = 12 month volume (red line = volume average).

SALES PER ACTIVITY (Data as of 30/06/2006)

Platinium extraction & others: 98%
:                                        2%









Independent - 5 May 2007 - The Investment Column - Our view: Buy - Share price: 1511p

It has been two years since we looked at Aquarius Platinum, and in the intervening months the shares have rocketed from 336p to 1,511p, giving anyone taking our "buy" advice a very healthy return of 350 per cent.

Platinum has a distinctive place in commodities as a precious metal whose primary market is industrial. Whereas the price of base metals has been driven by Chinese demand, the platinum market has been driven by regulatory changes in the motor car industry. Almost 75 per cent of the world's platinum is used in catalytic converters, and supply has been squeezed so much that the jewellery market has been reduced.

Last week's third-quarter production numbers from Aquarius were a slight disappointment, showing a fall of 9 per cent against the previous quarter. However, with operations exclusively in South Africa, Aquarius has benefited from being one of the lowest cost platinum producers. Wage and capital goods inflation is certainly a cause for concern but with demand for platinum is unlikely to be matched by supply in the near term the chances of a sharp correction are slim.

Aquarius is well positioned in the rhodium market; another precious metal used in flat-screen television screens. There is a global shortage of rhodium and the rare metal is currently trading at $6,000 an ounce, nearly 10 times the price of gold.

The mining industry is consolidating and given Aquarius's track record and relative lack of exposure to the fluctuations of Chinese demand a bid cannot be ruled out. Despite the share price going into orbit, the stock still trades on just 12.7 times forecast 2008 earnings so remains a buy.

It would be interesting to know what the break even price for platinum is as regards AQP. (i.e. Final market price versus production cost). That would give us an idea as to profitablity. I will try & research.

would appreciate that Harry

Sell AQP on current news below.


SINGAPORE, Oct 6 (Reuters) - Platinum slipped 3 percent on Monday to its weakest in almost three years, nearing $900 an ounce, on economic weakness and dismal car sales, which threatened to slash demand for auto catalysts.

Platinum was trading at $922.50 an ounce, down $27.50, having hit a low of $920 an ounce -- its weakest since November 2005.

Major automakers reported plunging U.S. sales for September, led by a 34 percent slide at Ford Motor Co, as the escalating credit crisis hit the industry and raised new doubts about when the world's auto market would stabilise.

More than 60 percent of global use in platinum goes to autocatalysts. Platinum is also used in jewellery.

Platinum price is crashing...SELL AQP

approaching 100p who would have believed it 12 months ago.

It'll be good value at 10p

Its gone..

30p is my target.

let's split the difference and say 20p

let's split the difference and say 20p

Seems fair enough to me .. 20p it is then.

This is nuts now !....the world has gone mad !.

down another 20%

Take a look at JLP....unbelievable....a Tom Winnifriths (I hope I spelt his name correctly) tip !.

This is no surprise for AQP as car industry has been hit, no demand for platinum anymore. It is in free fall. SELL out is the message.

This is heading to 20p in quick time.

Dont listen to Winnipeg he tipped RBS at 600p they are now 60p the man is clueless.. in my opinion of course.

Platinum tumbles 6 pct on demand woes, gold steady - AFX


LONDON, Oct 29 (Reuters) - Platinum fell more than 6 percent

on Wednesday as investors fretted over the outlook for

carmakers, who account for half the global consumption of the

metal. Gold was steady, supported by a weak dollar and firm oil.



PRICES

* Spot gold was at $746.10/748.60 an ounce at 0758

GMT compared with $744.30 late in New York on Tuesday.

* Silver was little changed at $9.15/9.27 from $9.16.

* Platinum at $784.50/814.50 from $809.00. In earlier trade it touched a low of $755.50.

Aquarius Platinum posts Q1 net loss


JOHANNESBURG, Oct 28 (Reuters) - Aquarius Platinum Ltd:

* Says attributable production increased 17% to 128,366 pgm ounces

* Aquarius platinum says Q1 reduction in cash costs per ounce at

kroondal, marikana, mimosa, ctrp and platinum mile

* Aquarius platinum says Q1 gross 'cash' profit of $49.1 million

before negative impact of metal price revenue adjustments

* Aquarius platinum ltd says Q1 net loss of $21.5 million due to

negative metals price revenue adjustments of $71.9 million

Lazard is dumping AQP shares...


Lazard Asset Management LLC and subsidiaries, has advised the Company that its
notifiable interest in the Company is now 6.518%, representing 21,320,492
shares in the Company from 8.005%.

Well they left that a bit late. Should have dumped ages ago. Suspect they need the cash for other leveraged positions.