According to the news wires UBS put out a SELL note on AQP today in London. I haven't seen it but I can't say it comes as a complete surprise with their US$600 per oz costs (averaged across all units except Mimosa as per 2008 AR). They badly need a bounce in the commodity prices; more tailings retreatment projects; to merge with a miner with lower costs or a combination of all of these.
Maybe it's too early to say "bottomed out"
