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...

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