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.

this is doing well today again.....hopefully get up to 350p this time

can it do it this time......doing well with platimunm up

Aquarius Platinum Q1 net profit of $9.5m
Business Financial Newswire
South-African focused platinum producer Aquarius Platinum posts a first quarter net profit $9.5m compared with a loss of $21.5m a year ago.

The figure was after one-off costs of $3.2m associated with the acquisition of Ridge Mining.

Aquarius said it had benefited considerably from the improving state of PGM prices.

Chief executive Stuart Murray said "While production and hence costs were negatively affected by unprotected industrial action at the Kroondal and Marikana mines, the underlying performance of these operations remained stable.

"The attributable loss of approximately 16,000 ounces due the industrial action is in line with previous guidance given."