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

Big slide as inspectors coming in to assess safety...

This has to be a good short now as safety is really in question as to the death of miners.

thats not what i want to hear thank you.,.

Cut losses before it gets much worse.

I don't agree to 'Sell now' if holding a loss. Platinum will always be in demand & will increase as car production bounces back. I am happy to hold & add when this particular episode is over. It's not the first (Sadly) & the stock has always recovered well.

Platinum price will rise obviously but AQP mines may be shut for inspection for considerable duration of time for safety inspection and this will greatly affect AQP's production and profits.

have lost half of input so will stay put.,.

First Blue Ridge, then Marikana, fatalities after fatalities, this was very obvious a sell from 6/7/2010 when sp was 330p.

Profit warning very likely for AQP now... SELL.



Aquarius Platinum slumped 15 per cent to 256p on word that South African government officials had called its chief executive away from an analysts site visit on Thursday in the wake of a fatal accident at Aquariuss Marikana mine.

The group confirmed after the close of trade that the South African mines inspector had laid out a new safety code and it was assessing the impact.

Liberum Capital called the move a potentially seismic shift for South African platinum producers. The higher costs and lower production involved in complying could cut Aquariuss 2011 earnings by between 24 and 28 per cent, it said.

Canaccord Genuity cut Aquarius stock from buy to sell. If this change in legislation persists, mechanised mining will become less profitable, and as such Aquarius business model is at risk, it said.

This is so expected... 225p now.
Cut losses is the strategy here as downtrend will continue.

buy buy buy.,.

when it's 100p.

Appeal against mining directives very likely to be rejected and will see it fall drastically soon.

Appeal Process Update.

Aquarius Platinum Limited ("Aquarius" or the "Company") advises that senior representatives of Aquarius Platinum (South Africa) (Proprietary) Limited ("AQPSA") and senior representatives of other mining companies in the North West Province which received the Directive referred to in the Company's preceding announcements on 16 and 19 July 2010, met with the Chief Inspector of Mines and other senior officials in the Health and Safety Inspectorate of the Department of Mineral Resources ("DMR"), to discuss the Directive and if appropriate, to lodge an appeal against the Directive to the Chief Inspector.

The meeting with the DMR was positive and constructive, and the Company is, together with its international mining consultant, reviewing mine design and support parameters to present best practice guidelines to the DMR in respect of each of its mines individually. In the interim, AQPSA will continue to apply its existing mining techniques and will shortly present to the DMR interim safety measures which AQPSA intends to implement to ameliorate the threat of fall of ground incidents, pending the outcome of the aforementioned exhaustive review.

just bought a few as looks overdone last few weeks.

Nicely done Kate. Well in the money now. Would be tempted to take profit somewhere near the 300p level, maybe?

StockMarketWire.com
Aquarius Platinum said today revenue increased by 52% to $472.2m in the year to end-June, up from $310.6m the previous year.

Mine operating net cash flow increased six-fold to $94m (2009: $12m) and mine EBITDA increased by $175.5m to $145.1m (2009: -$30.5m).

Adjusted net profit was $62.1m (before exceptional charges) and reported net profit increased by $73.5m to $27.8m (6.09 cents per share).

The group cash balance at the period close was $381.7m, an increase of $228.1m on the prior year.

A final dividend of 4 cents per share was declared, taking full year dividend to 6 cents per share (2009: nil).

Group attributable production (including Blue Ridge) was 422,645 PGM ounces for the full year, despite the Everest mine closure for the most part of the year.

StockMarketWire.com
Aquarius Platinum raised to outperform from sector-perform at RBC, TP 350p up from 330p.

Looks like Hyleo picked the bottom to go short, silly girl

AQP goes ex-divi wed 8th Sept '10, 4.