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

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.

Nice strong graph over the last few months. Hoping the sp will stay above the 200 DMA ready for the next surge upwards.

I think this will retrace down to 300p.

Brave call. Reasonable support at 340 I would have thought.

Worldwide economy is pretty dim and I think 2011 will see a double dip. The share market has gone too far upwards without much good news or reason to do so.

High commodity prices and a recovery in the auto industry should help though. Amazing to see how brief an impact the death of a few workers & the change in the safety/pit prop rules has on the sp. How short a memory we all have.

Dow is slumping and commodity prices are affected too... AQP is going down...

only resting before surging to 4.60..........live in hopes.,.

Thought it ought to be pointed out that this one has been on a steady climb all the week, if it continues next week 4+ on the cards and back in profit.

StockMarketWire.com
Aquarius Platinum said for first quarter attributable production increased by 12% quarter-on-quarter to 123,392 PGM ounces, with record production at Mimosa.

Most average PGM Dollar prices deteriorated through quarter - platinum down 5%, rhodium down 17%, while palladium was unchanged.

The Rand strengthened against the Dollar by 3% on average and by 8% over the quarter.

Costs were down or flat in local currency terms compared to the previous quarter at all operations except Marikana.

On-mine EBITDA for the quarter was $39.2m.

Net operating cash flow was $39.8m.

Net profit after tax for the quarter was $42.4m.

Stuart Murray, CEO, said: 'The first quarter of our 2011 financial year had a tragic start, with the terrible accident at our Marikana mine in which five men lost their lives.

'The remainder of the quarter was a good one, despite a challenging Rand pricing environment. Our operations performed strongly during the quarter, for the most part. Everest is ramping up nicely, Rand costs were largely contained, Mimosa achieved record production and the tailings operations both enjoyed much improved recoveries. As a result, production is on track to achieve our previous guidance for FY2011.

'Progress was also made at Blue Ridge, with a Board decision to place the mine on care and maintenance for redevelopment, which is now underway. Continuing Rand strength remains an issue and average

'Dollar PGM prices fell over the quarter, but the Company has done well to manage the aspects of its business that are within its control and I believe the outlook for the rest of the year is on track for Aquarius.

From Merrill Lynch:
"Platinum sector targets raised, Aquarius upgraded to BUY.
We move our platinum price forecast above $2,000/oz, 2011-2013 inclusive, and report significant upgrades to our rand PGM basket price over this period. Broadly speaking, the impact to DCF is relatively muted as we have reduced our long term basket price (2017) on stronger rand assumptions. Aquarius, the anomaly in this regard, reports the largest upgrade to DCF (+27%), due to its shorter life-of-mine and hence weighting of near-term cash flows as a driver of NPV. We set a price objective of GBp500/sh for 26% upside, and lift our rating from Neutral to Buy."