upcoming catalyst

In two weeks time on the 26th AQP will report on Q3...this could be a major catalyst that puts us back on a share price growth tradjectory...

keeping in mind

1) March 2011 was the japanese earthquake which caused japanese automakers to cut back significently their pgm use ( lower base to "grow" from...)

2)Zim indeginisation issue has now been resolved at both of the Zim mines..AQP partner Implats is actually now looking at expading the mimosa mine and bringing production in ZIm....which is a good sign...

3) in the last review the company advised that the contractor Murray & Roberts ( which caused the cost blowouts in the SA mines) would likely be replaced..

4) Also over the first half AQP only made a loss because of a non cash net foreign exchange loss of $91 million “within” the group through exchange movements on intercompany loans. In September 2011, Aquarius took advantage of a stronger US dollar and capitalised $353 million of intercompany loans. This significantly reduces future exchange rate fluctuations on these loans from the income statement.