Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Will Aquarius Platinum's Best Efforts Come Up Short?

I have a lot of sympathy for the current management team at Aquarius Platinum (OTCPK:AQPTY). Management has made some significant strides in rationalizing the cost structure of this PGM miner and overcoming the poor capital and strategic decisions made by prior management. Unfortunately, the geology of the company's mines works against the company, and there are significant risks with the company's Zimbabwe asset. Although extensive miner strikes in South Africa could improve conditions enough that Aquarius generates the cash it needs to manage a bond maturity, this company is in precarious shape and the stock is really only suitable for very risk-tolerant investors.

A Different Approach To PGM Mining

South Africa is a long-established home to significant platinum...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details