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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Aquarius Platinum - Buys back Impala’s stake

June 2008

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
  • Price:
  • 834p
High commodity prices have again helped Aquarius Platinum achieve another set of record results. In its third quarter to 31 March, Aquarius achieved a 59% increase in net profit to US$90.8m, giving eps of 35.4 cents. This was driven by an unprecedented surge in commodity prices, including a 32% rise in platinum and rhodium to US$2,000 / oz and US$9,025 / oz respectively, while palladium rose 20% to US$445. As a result, Aquarius achieved a record group average basket price of US$1,981 / oz, up 26% on the previous quarter. This more than offset the 19% reduction in attributable production to 111,524 ounces, which came as a result of power supply issues and strikes. However, Aquarius expects production to improve in the fourth quarter at al ...

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Related Articles

Aquarius Platinum (September 2008)
Aquarius Platinum (March 2008)
Aquarius Platinum - Net cash soars to nearly US$400m (December 2007)
Aquarius Platinum - Cash balances soar to US$288m (September 2007)
Aquarius Platinum - Shares volatile in wake of strike action (June 2007)
Aquarius Platinum - Bid speculation boosts shares (March 2007)
Aquarius Platinum - Platinum prices in new upwards spike (December 2006)
Aquarius Platinum - Large return of cash expected in 2008 (November 2006)
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 - Another rise in platinum price (April 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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