Author Topic: AQUARIUS PLATINUM  (Read 6989 times)

marguerittereed

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AQUARIUS PLATINUM
« on: October 06, 2015, 11:06:31 am »
JOHANNESBURG – Neal Froneman has taken another step towards transforming Sibanye into a significant producer of Platinum Group Metals (PGM’s) with the announcement on the 6th of October to purchase the entire issued share capital of Aquarius Platinum. This could represent yet another step in Sibanye’s ambitions of becoming South Africa’s mining champion.
The offer has been made at $0.195/share, which based on yesterday’s rand/dollar exchange rate translates to R2.66/share. The board of Aquarius has unanimously endorsed the offer.
The transaction will allow Sibanye to consolidate the operations of Aquarius – which include the Kroondal and Mimosa mines – with those of the Rustenburg operations it recently acquired from Anglo American Platinum.

AQUARIUS PLATINUM TO BE SOLD TO SIBANYE GOLD, WHAT DOES THIS MEAN IF YOU HAVE SHARES IN AQUARIUS PLATINUM?????

Junz

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Re: AQUARIUS PLATINUM
« Reply #1 on: October 06, 2015, 12:57:55 pm »
That means they will pay you R2.66 for every share you own at Aquarius platinum

Fawkes85

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Re: AQUARIUS PLATINUM
« Reply #2 on: October 06, 2015, 01:46:15 pm »

AQUARIUS PLATINUM TO BE SOLD TO SIBANYE GOLD, WHAT DOES THIS MEAN IF YOU HAVE SHARES IN AQUARIUS PLATINUM?????

If you are new to trading and investing I would advise you to stay away from commodities and companies mining and selling them. In fact I would advise people more knowledgeable than me to stay away from that sector. Especially in SA. The risk to reward ratio in that sector is just not worth it. Way too much risk in comparison with the rewards. But that's just my humble opinion.

With that said though, if you only recently bought your Aquarius shares you will be making a tidy profit if Sibanye does indeed buy them from you @ R2.66

marguerittereed

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Re: AQUARIUS PLATINUM
« Reply #3 on: October 06, 2015, 02:02:43 pm »
Hi
I have 3 Resources shares - AngloGold Shanti - up 10.66% since purchase
Goldfields - up 10% since purchase and
Aquarius Platinum - up 22% since purchase

I have only invested very small amounts, getting my feet wet - approx R15000.00 each.

I am very nervous of Resource shares in general... burnt my fingers badly with the Sanlamitrade competition.






Fawkes85

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Re: AQUARIUS PLATINUM
« Reply #4 on: October 06, 2015, 02:22:40 pm »
That is pretty good performance I will admit but:

South Africa’s Last Bullion Bluechip Battles Relegation

THE Johannesburg stock market, the capitalist heart of South Africa’s ‘City of Gold’, is close to relegating the last bullion producer in its bluechip index, the latest sign of the precious metal losing its place in an economy it once dominated.

In its latest quarterly review of stocks on its benchmark Top-40 Index, the bourse put AngloGold Ashanti at number 38, clinging to membership of an index now dominated by banks, technology companies and diversified mining firms.

Should the long-term decline in AngloGold’s share price persist — it is now worth R116.50 a share, just over a quarter of its record high in late 2011 — it is likely to face the axe in the December review, the first time the index would have been without a gold producer.

For a country that accounts for a third of all the gold ever mined, that is a significant milestone.

Some 130 years after gold was discovered on the Witwatersrand, the sun is setting on bullion mining as it becomes harder technically — and financially — to recover every ounce.

The most profitable reserves are long gone and the likes of AngloGold dig as deep as 5km for a metal that in three years has lost more than 35% in value, while mounting energy, labour and safety costs chip away at profits.

Worth $3.4bn, AngloGold is now the world’s ninth-largest gold mining company by market capitalisation, less than half that of Newmont Mining Corporation, the world’s most valuable gold miner, according to ThomsonReuters data.

"It is probably the most unloved sector in the entire market," said Chris Hart, an economist with Johannesburg-based Investment Solutions.

Sinking shafts

As recently as 2011, rivals Gold Fields and Harmony Gold were also in the Top-40. Hart expects AngloGold, listed separately on the JSE in 1998 and a unit of Anglo American until 2009, to fall below the bluechip cut-off before the end of the year.

The spot above it is now held by Capitec, a low income-focused bank whose shares have gained nearly 60% this year, symbolic of a financial sector that has boomed as more post-apartheid South Africans have gained access to credit.

The finance, real estate and business services sector accounts for more than a fifth of gross domestic product, while mining has shrunk to less than 8%. Gold’s prospects are also being hurt by an expected hike in US interest rates. Higher rates increase the opportunity cost of holding the metal, a non-interest paying asset. The possibility of industrial action by the hardline Association of Mineworkers and Construction Union has not helped.

For AngloGold, relegation from the top flight would be likely to cost it more ground in the short term as index tracking funds are forced to withdraw.

Breathing down its neck is property group Redefine, and Pioneer Foods, a cereal and juice producer that a year ago was only half AngloGold’s size.

Less than $100m in market capitalisation, about 0.5%, separated the three when the index review was done last month.

Next in line are life-insurer MMI Holdings, which has its sights on South Africa’s lucrative short-term insurance market, and Resilient Property Fund.

Gold was first discovered in 1886, spurring a rush for the world’s richest reserves and an economic boom that took the Afrikaner-led Zuid-Afrikaanse Republiek into war with the British Empire and turned some empty hills into one of the world’s major cities.

"We’ve seen the last deep level shafts sunk for a generation and only good policy and positive investor sentiment will ensure the sector’s survival," said Mr Hart.

marguerittereed

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Re: AQUARIUS PLATINUM
« Reply #5 on: October 06, 2015, 02:38:42 pm »
I saw the article in Moneyweb this morning. What does this mean to the share price??

Fawkes85

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Re: AQUARIUS PLATINUM
« Reply #6 on: October 06, 2015, 03:30:02 pm »
I saw the article in Moneyweb this morning. What does this mean to the share price??

Not sure. But if I had to make an educated guess all those mining companies are on the way out or will be running at a loss until China's manufacturing economy is back in business. Who knows when that will be? As a result their share prices will be going down.

marguerittereed

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Re: AQUARIUS PLATINUM
« Reply #7 on: October 06, 2015, 03:46:16 pm »
strange but true.. AngloGold Shanti up 5.72% today.  Maybe they read the same article and are trying to stay at no 38.. :LHST:

Junz

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Re: AQUARIUS PLATINUM
« Reply #8 on: October 06, 2015, 08:07:38 pm »
Well for me I think sibanye are chancing it - really...R2.66 for AQP. thats really low

most of us bought at the rights offer so we will be loosing if we approve it

In the long run Sibanye will not buy AQP if they believe it is not profitable...so im sticking to my guns and not supporitng the takeover.


gcr

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Re: AQUARIUS PLATINUM
« Reply #9 on: October 06, 2015, 08:47:57 pm »
Where Froneman is involved be very cautious - my opinion not a person to be trusted
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

marguerittereed

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Re: AQUARIUS PLATINUM
« Reply #10 on: October 07, 2015, 08:54:10 am »
I agree, he seems to have all the answers before anyone asks him the questions!!!!

jaDEB

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Re: AQUARIUS PLATINUM
« Reply #11 on: October 07, 2015, 10:11:15 am »
SIBANYE Gold’s R4bn offer for Aquarius Platinum announced on Tuesday will catapult it into the ranks of the five biggest global platinum group metals (PGM) miners.

This deal follows a month after an agreement to buy Anglo Platinum’s Rustenburg mines

U can not fault the man for buying at the (what seems to be) bottom, there are some other companies that were buying at the high commodity cycle.

At least give the man credit for buying now and not a year ago or so. 
jaDEB

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