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.
Read more here:
Will Aquarius Platinum's Best Efforts Come Up Short?
No comments:
Post a Comment