Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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hmm - I guess it depends on the level of dilution - for instance Bowleven had a placement at 45p 2 months ago....look at the chart since! In this case AQP have given an impressive account of their thinking, and so the drop from the 40p region looks false - manufactured, one might say.
As I understand it, if the general consensus of opinion of Investors is that the Rights issue will ultimately create value, ie repair the Balance Sheet in AQP's case, then it is completely feasible that people will seize the opportunity to acquire more Shares at the discount price, and the more shares they own at commencement of the Issue, the more discount shares they will be offered.
explain a little more Barry - does a rights issue not usually depress the price? thanks
I would have thought they would be delighted to accept shares in lieu, knowing full well that a Rights Issue was just around the corner, since obviously the Board of Directors instigated the very same Rights Issue !!!
ah, I missed that, - though would they agree if they thought the shares were not going to rise??
Don't mean to dishearten you , but Directors agreed to the shares in lieu of bonuses and part salary .!!!
it's more about the restructuring that the platinum price though - we could be in for a nice surprise next week! It seems unlikely that so many directors would buy extra shares if the plan was flawed....
Thought about going large yesterday but didn't - I'm sure other punters were more adventurous. Still worth buying as the price of platinum must surely rise.
I thought car sales was tied up with platinum. Obviously not.
through 39p could get you 53p ... <33p may get you 29p which would be a viable bottom to my eye ...
Indeed. China cannot get its hands on enough gold. The US near default last year was a wake up call for China that holding US dollars (China is the biggest creditor to the US) might not be such a great idea. In fact demand for gold was double supply last year, and yet gold fell! It was manipulation of course on the LBMA and by JP Morgan shorting the Comex, but German regulator BaFin are on the case now. They say precious metals manipulation is worse than Libor. Expect gold to find its true value ie nearer $2000 within a year. Its really very simple - when demand exceeds supply, the price has to go up. Its the law of nature :) As for platinum, the fundamentals are even stronger. This massive strike that has hit the big three has all but depleted stockpiles. Consult the chart to see what happened in 2008 the last time this happened. Thats where we are now, the calm before the storm. Except prices must stay high (fair) this time for supply to continue to meet demand long term. In my opinion there has rarely been a better time to buy platinum miners (or bullion) than now. AQP is my pick of the bunch as it is one of the only miners still producing the metal during the strike. I also highly recommend ELR which I believe will be a 20 bagger once prices get to the point where their Crocodile River mine can be restarted ie soon. Crocodile is a relatively shallow high grade mine, so it should be economical too. As always DYOR etc.
to get shot of its dollars
Why would china buy gold when it has huge natural deposits of Gold in the ground lol people forget China is a big producer of Gold
Not to forget to mention Chinas' way of buying & stockpiling precious metals to force the market, just like they are doing with gold, so it is & will be with platinum etc. Simple. Buy lots at lower prices, use some in your home industries while you wait and raise the price - then sell for even more profit. China demand and buying power is undeniable. Their area of operation is the only thing to give me doubts as to AQP share value going up a lot very soon.
Deutsche bank are re-iterating the buy recommendation. As regards the director buys, fair enough, but I still think it is a good sign that Nel has taken them as a part of salary. Broker upgrades for AQP are starting to appear now, and I have no doubt in my mind that from now on, platinum prices will rise, substantially. They have to because production will not meet demand at current prices. When you have a strike affecting the big three, inventories will soon deplete.
I will disagree, first Jean Nel did not buy shares they are part of his salary. your second point we are hearing this argument for the last couple of years but platinum price is were it is. Last year march Q AQP even with platinum prices of around $1600 did not make a profit. add to this the problems in Zimbabwe and the $300m bond due Dec 2015 this to much for me
Several reasons why, in my opinion, this is a good time to invest here. Firstly the substantial director buys by Jean Nel over the past two months. Secondly, the price of platinum has to go up because miners do not cover their cost of capital. The strikes will cause stockpiles to fall and we will soon be talking about a supply shortfall. Demand appears to be robust from jewelry and industry, especially from China etc. Moreover AQP has cut costs and is able to continue to operate at the moment whilst the big three have all shut down due to the strikes. So the fundamentals are in place for a serious rebound here. As always DYOR.
Militant action by the unions & reforms by the government in the areas of operation, AQP has it's troubles. In the face of it 'though, Platinum &c futures look good. SA problems, Mugabe etc will still need to trade with the rest of the world, in fact they NEED US. Hold or buy in here, £2 & above should come. I agree it's disappointing, but maybe see it as a time to buy more, cheap?! Good Luck.
There seems to be no signs of life to me. the only people touching this with a bargepole are people selling. Will there ever come a time when the sp will be ZERO or MINUS? Surely if any company can do it this joke one can. Honestly, what a complete and utter load of steaming hot crap AQP is.
What have they 'seen'? The futures. Gold & Plat investments are a good bet right now.
With their rating have this valued at nearly 1 billion??? What have they seen that we haven't ? Where do they get this value from its crazy!!
More big buys gone through this morn. Is it ready to breakout??
Zimbabwe Renews Threat as Platinum-Refinery Deadline Expires: Secretary for Mines and Mining Development Francis Gudyanga said "As there has been no progress toward building a refinery, the government is reiterating its resolve to enforce the two-year period window, which ends in 2014, after which exports of raw platinum concentrates will not be permitted" Source: http://www.businessweek.com/news/2014-01-16/zimbabwe-renews-threat-as-platinum-refinery-deadline-expires