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Aquarius Platinum - Another rise in platinum price

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AQP
Aquarius announced sparkling interim results, for the six months to 31 December, with pretax profit more than doubling from US$9.4m to US$19.6m, achieved largely thanks to a 50% increase in the production of Platinum Group Metals (PGM) to 180,291 ozs.  The results unveiled no other major news, although the rise in the price of Platinum, up from US$824 at the time of our main recommendation in January, to the current US$897 is a strongly positive development.    Broker, Numis, notes that the basket price of  PGM now stands at US$700 / oz, compared with US$546 in the above reporting period, while the US$ / Rand exchange rate, previously unfavourable to Aquarius because of the US$ decline, has barely mov ...

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Aquarius Platinum - Large dividend payouts looming (October 2006)
Aquarius Platinum (June 2006)
Aquarius Platinum - Profits jump on rising PGM prices (March 2006)
Aquarius Platinum - Production set to double as platinum soars above US$1000 / ounce (January 2006)
Aquarius Platinum - Platinum production forecast to double in two years (September 2005)
Aquarius Platinum - Weather problems have abated (September 2004)
Aquarius Platinum - Bad weather affects production (June 2004)
Aquarius Platinum - Huge expansion in production (January 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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