Ridge Mining kommt in Fahrt, heute +5%, seit letzter Woche +18% - 500 Beiträge pro Seite

[Rumborak]

Die Experten der "Wirtschaftswoche" halten die Aktie von Ridge Mining (ISIN GB0004871082/ WKN 552642) für ein chancenreiches Investment. Die Autoindustrie Chinas befinde sich auf der Überholspur. Im Reich der Mitte dürften im vergangenen Jahr mit gut 5,4 Mio. Wagen erstmals mehr Fahrzeuge gebaut worden sein als in der Autonation Deutschland. Innerhalb von zehn Jahren werde China bei der Marke von zehn Mio. angelangen und dicht an die größten Produktionsländer USA und Japan heranreichen, würden Marktforscher für die Zukunft prognostizieren. Der ungebremste Autoboom im Reich der Mitte erkläre vermutlich den Einstieg des chinesischen Minenkonzerns Zijin mit 20,3% bei dem auf die Erschließung von Platinmetallvorkommen in Südafrika fokussierten Explorationsunternehmen Ridge Mining. Insbesondere beim Bau von Autokatalysatoren würden Platin und Palladium Verwendung finden. Ridge Mining führe am Kap die Entwicklung der Minenprojekte Blue Ridge (100%) und Sheba Ridge durch (65%, einem Joint Venture mit dem Platinförderer Anglo Platinum). Die Vorkommen beider Projekte würden 17,4 Mio. Unzen (Ridge-Anteil) eines Metallkorbes aus Platin, Palladium, Rhodium und Gold umfassen. Aktuell würden davon 7,7 Mio. Unzen als wirtschaftlich abbaubar angesehen. In Blue Ridge solle die Produktion im dritten Quartal 2008 starten. Die Finanzierung des 150-Millionen-Dollar-Projekts stehe, die Vorarbeiten seien bereits in vollem Gange. Für das rund 700 Mio. Dollar teure Sheba-Projekt rechne man mit der abschließenden Durchführbarkeitsstudie Ende dieses Jahres. Eine Unze aus den Ressourcen von Ridge könnten die Anleger an der Börse für nur 4,50 US-Dollar erwerben. Der Wert der Nickel- und Kupfervorkommen (900.000 und 345.000 Tonnen), die in Sheba lagern würden, sei hier nicht mit einbezogen. Lynch sei vom Potenzial der Projekte überzeugt: Die Bank sei im Besitz von 12% der in London gelisteten Ridge-Aktien. Die Experten der "Wirtschaftswoche" halten die Ridge Mining-Aktie für ein chancenreiches Investment. (Ausgabe 5) (29.01.2007/ac/a/a)
http://www.ridgemining.com/index.html

[borazon]

Leicht negativ, daß bei Sheba Ridge noch keine echte Lösung Richtung Black Empowerment sichtbar ist. Da müssen wohl ein paar %% noch an entsprechende Gruppen abgegeben werden.
Negativ natürlich auch der hohe ZA Rand. Wenn der zurückgeht, ohne daß die Metallpreise übermäßig nachgeben, sollte Ridge Mining gewaltig hochschießen.
Positiv nämlich die niedrige Marktkapitalisierung, der hohe Rhodiumanteil und das gute Pt/Pd-Verhältnis in Blue Ridge, und die gegenwärtigen Nickelpreise (900.000 t sind mehr als 30 Mrd. USD). Bleibt nur zu hoffen, daß Zijin sich die Perle nicht billig ganz unter den Nagel reisst.

[goldgleichtgeld]

Antwort auf Beitrag Nr.: 27.451.738 von borazon am 05.02.07 21:28:31

sie haben schon leider 20% zu 0,45 GBP gesichert. Insgesamt über 70% bei großen Fonsgesellschaften und Zijin.

Der faire Wert sollte spätestens im nächsten Sommer als die Produktion in Blue Ridge anläuft, bei ca. 2 GBP liegen, aber dann gibts die Aktie wahrscheinlich nicht mehr (sieh Afriore-Übernahme durch Lonmin).

[BReal]

Antwort auf Beitrag Nr.: 27.467.766 von goldgleichtgeld am 06.02.07 18:16:10

Bleibt zu hoffen, dass die anderen Großaktionäre eine Komplettübernahme nur zu "fairen" Konditionen ermöglichen würden.

Es handelt sich dabei ja durchaus um Institutionen, denen man eine "vernünftige" Preisvorstellung und ein ausgeprägtes Gewinninteresse unterstellen könnte.

[Rumborak]

so langsam steigen die Umsätze....
Wer jetzt nicht kauft ist selber schuld

[tyrionfg]

guten abend

ich finde diese firma auch sehr aussichtsreich, mich stört bisher nur, dass man zu dem deal mit impala bzgl. des blue ridge projektes keine zahlen findet. es wurde im mai 2006 ein vertrag mit impala geschlossen, der vorsieht, das impala die gesamte produktion der mine übernimmt, d.h. über das ganze minenleben. und an dem punkt stört es mich doch erheblich, dass hier keine zahlen genannt werden, wenn man schon die produktion von 18 jahren abbau verkauft. in der pressemitteilung vom 16.5.2006 steht dann weiterhin nur, dass dieser deal der schlüssel zur finanzierung der mine war. habt ihr mehr infos diesbezüglich oder erfahrungen mit ähnlichen deals.

hier noch ein kurzer auszug aus der betreffenden mitteilung vom 16.5.2006


"... Ridge Mining plc, the Platinum Group Metals company operating in South Africa, today announces that it has signed an agreement with Impala Refining Services Limited (Impala) for the offtake of the concentrate to be produced over the life of the Blue Ridge Mine near Groblersdal, South Africa. ..."

und:

"... Terence Wilkinson, Chief Executive of Ridge commented:

'The signature of the offtake agreement was a key condition of the bank finance for the Blue Ridge development. We are on schedule to commence development of the project in the next few months with the objective of achieving first PGM production during 2008. ..."

gruß

[borazon]

Übrigens ist der Preis für Ruthenium gewaltig gestiegen.
2003 noch 35 USD, jetzt 800 USD.
http://www.resourceinvestor.com/pebble.asp?relid=29062

The Rise of Ruthenium

By Viwe Tlaleane
16 Feb 2007 at 11:52 AM GMT-05:00


JOHANNESBURG (Business Day) -- Investors in platinum companies are eyeing ruthenium - which until now has been a largely ignored by-product of platinum production - with increasing interest as the price has soared to about $870/oz at present from $100/oz two years ago. In 2003, the metal was priced at $35/oz.

Implats [JSE:IMP] marketing executive Derek Engelbrecht said yesterday the price rise was almost entirely driven by one application, which was a new ruthenium coating on hard disks to improve their storage capacity.


The cost of ruthenium in these applications was very small as a proportion of total production cost but the increase in the price was likely to prompt cutbacks in ruthenium usage in other industries and encourage more recycling.

Implats was also looking at recycling ruthenium to increase output. Engelbrecht said he doubted whether the ruthenium price could stay at $800/oz but said it was difficult to give a price forecast.

CEO David Brown said Implats’ ruthenium sales were worth less than $30 million in the six months to December but if the current price prevailed, those sales would be worth about $250 million on an annualised basis.

Earlier this week, Anglo Platinum [JSE:AMS] CEO Ralph Havenstein said the group’s annual production of ruthenium was about 500,000 ounces and it would sharpen its focus on recoveries in future.

Angloplat’s production of ruthenium was greater than its rhodium output. The short-term price outlook for ruthenium was strengthened by the fact that hard disk manufacturers had to build up stocks for this new application but, like Implats, Angloplat did not believe the current high price could be sustained.

Ruthenium Uses

Due to its highly effective ability to harden platinum and palladium, ruthenium is used in platinum and palladium alloys to make severe wear-resistant electrical contacts. It is sometimes alloyed with gold in jewelry.

Fountain pen nibs are frequently tipped with alloys containing ruthenium. From 1944 onward, the Parker 51 fountain pen was outfitted with a 14K gold nib tipped with 96.2% ruthenium, 3.8% iridium.

About 0.1% ruthenium is added to titanium to improve its corrosion resistance a hundredfold.

Ruthenium is also a versatile catalyst, used in the removal of H2S from oil refineries and from other industrial processes.

Some ruthenium complexes absorb light throughout the visible spectrum and are being actively researched in various solar energy technologies.

Ruthenium can also be used in some advanced high-temperature single-crystal superalloys, with applications including the turbine blades in jet engines.







Wir erinnern uns:

http://www.ridgemining.com/02-blueridge.html

FORECAST PRODUCTION
The forecast annual production is approximately 124,500 ounces 4E (149,000 ozs 6E) per annum over an 18 year period, broken down as follows:

Metal Annual Production (Ounces)
Platinum 75,000
Palladium 35,000
Rhodium 13,000
Gold 1,500
Ruthenium 22,000
Iridium 2,500
Total 149,000

[BReal]

Die Jahresergebnisse sind da (bereits seit Mitte letzter Woche).


Ridge Mining plc
Preliminary un-audited Results for the year ended 31 December 2006


Ridge Mining plc, the AIM quoted platinum group metals miner, today announces
preliminary un-audited results for the year ended 31 December 2006.


Highlights

* Blue Ridge Project

- Development commenced
- 125,000 ozs PGM (4E) per annum (150,000 ozs including Ruthenium and Iridium)
- Project debt approved - now at the documentation stage
- Feasibility study: 20.3% IRR, net present value of US$83 million
(10% discount rate)
- Current metal prices over 40% higher than feasibility study assumptions
- Project on target for production 3rd Quarter 2008


* Sheba's Ridge Project

- Preliminary pilot scale metallurgical test work in line with expectations
- Feasibility study on course for completion end 2007


* Exploration Projects
- Agreement to sell non-core exploration projects for US$12.5 million


* Corporate

- Strategic investment by Zijin Mining - 20%


Terence Wilkinson, Chief Executive commented: '2006 saw considerable progress
towards our goal of producing PGM concentrate from Blue Ridge in 2008.
Development has commenced and we are on target to achieve first production in
the second half of 2008. The Feasibility Study at Sheba's Ridge is progressing
as planned and every indication is that this will prove to be a very profitable
large scale nickel/PGM producer.


Enquiries

Ridge Mining
Terence Wilkinson (Chief Executive) Tel + 44 (0)207 3791474
Donald McAlister (Finance Director)
Conduit PR
Laurence Read/Leesa Peters Tel[phone]


Chairman's Statement


2006 was a strong year for the mining industry in general and Ridge Mining in
particular. The Company progressed well on a number of fronts, particularly at
Blue Ridge where the construction of the surface infrastructure commenced in
advance of the start of development in January 2007.


Blue Ridge

During the year the key components for the development of Blue Ridge were put in
place following the positive feasibility study completed at the end of the
previous year. These included the finalisation of a life of mine concentrate
off-take agreement with Impala, the signature of a term sheet with four leading
South African banks for the provision of the debt finance and the agreement with
Imbani Platinum to provide the majority of the equity finance for the project.


Mine development is well under way with the mining contractor, Murray & Roberts
Cementation, having mobilised on site in January 2007, completing construction
of the main access portals for the two decline shafts and the construction of
substantial road infrastructure. The fixed price contract for the concentrator
plant is currently being finalised with Bateman Engineering.


All elements of the project finance are nearing completion. The banking
consortium consisting of the Development Bank of Southern Africa (DBSA), the
Industrial Development Corporation of South Africa (IDC), Investec Bank and
Standard Bank has agreed terms for the provision of the Rand 610 million
(US$83million) project debt and loan documentation is at an advanced stage. Our
Black Economic Empowerment partner, Imbani Platinum, is similarly completing its
arrangements with IDC and DBSA for the provision of Rand 320 million (US$43.4
million) of equity to be available for drawdown in advance of the project loans.


The development schedule involves the establishming of a significant stockpile
of ore on surface. The stockpile will ensure that sufficient ore is available
for commissioning of the plant and enable it to operate at full capacity
following its completion in mid 2008 and thereafter during the ramp up period of
the mining infrastructure which is due to reach full capacity by January 2009.
The project remains on target for delivery of first concentrate in the third
quarter of 2008.


The Company has previously referred to forecast production at Blue Ridge in
terms of 125,000 ounces 4E (platinum, palladium, rhodium and gold). This figure
ignored the associated ruthenium and iridium planned to be produced by the mine,
due to the relatively low values of these metals at that time. Since then the
prices of ruthenium and iridium have increased, such that their contribution to
the economics of the mine has become significant. On a 6E basis (ie including
ruthenium and iridium) Blue Ridge is forecast to produce 150,000 ounces per
annum. Demand for ruthenium has been particularly strong in the electronics
industry as its inclusion in the manufacture of hard disks results in greatly
increased storage capacity. It should be noted that ruthenium at current
prices, would add in excess of US$10 million in revenue per annum over that
used in the feasibility study.


Sheba's Ridge

At Sheba's Ridge the emphasis in 2006 was on collecting a 60 tonne
representative bulk sample of ore from wide diameter drill holes across the
extent of the ore body. This sample was the subject of an extensive pilot plant
metallurgical recoverability test work programme carried out by Mintek of South
Africa during December 2006. The final results this test work will not be
available until early April but preliminary results are in line with previous
mini-rig test work. This indicated that a concentrate suitable for smelting can
be produced from Sheba's Ridge with recoveries ahead of those assumed in the
pre-feasibility study. Following the results of this metallurgical work,
progress is now being made with the modelling of the open pit and the detailed
design and engineering of the concentrator plant. In parallel, the feasibility
of smelting facilities on a stand alone basis and in conjunction with a number
of third parties is being investigated.


The price of nickel has recently been extending its all time highs and the
supply and demand equation is favourable looking forward. The pre-feasibility
study indicated that the Sheba's Ridge project was robust at a nickel price of
US$4.50/lb. This should be viewed in the context of the prevailing nickel price
in excess of US$20/lb.


Other Projects

Whilst progressing our two development projects we have sought to improve the
focus of the group by disposing of those exploration projects considered
non-core to the business. Towards the end of the year agreement was reached to
dispose of our 51% interest in the Fountain Ridge project for Rand 70 million
(US$9.8 million) and the Fonte Verde, Rooikraal and Red Bush Ridge projects for
a total of a further Rand 20 million (US$2.7 million).


On the corporate front, during November 2006 we welcomed Zijin Mining as a
strategic shareholder in the Company, holding 20.4% of the current issued
capital with warrants which could enable it to achieve a shareholding of 29.5%
of the Company. The relationship with Zijin is now successfully under way and we
believe that having a strong technical and financial partner gives the Company
significant potential support as we progress with the development of our
projects, particularly Sheba's Ridge. Following Zijin's investment, Ms Susan Li
joined the Board. I am delighted to welcome her to the Group and look forward to
the contribution she will make.


The Group reports a loss for the year of US$1.2million (2005 US$2.4 million).
The loss is after accounting for a profit of US$2.4 million on the financing of
the Sheba's Ridge project with IDC. Last year I indicated that a listing of the
Group on the Johannesburg Stock Exchange was under consideration. Whilst we have
not ruled out that possibility entirely, such a listing is not presently under
consideration.


Prices for metals remain buoyant, and our strategy will continue to bring our
projects into production as soon as possible, so that we benefit from such
prices for as long as possible.


Oliver Baring
Chairman
21 March 2007


Consolidated income statement

for the year ended 31 December 2006
2006 2005
US$000 US$000

Continuing operations
Revenue - -
Cost of sales - -
Gross loss - -

Other operating income 197 5
Administrative expenses (3,948) (3,757)
Exploration costs written off (54) -
Profit on disposal of fixed assets 2,446 -
Exchange loss on monetary assets (117) -
Operating loss (1,476) (3,752)

Finance income - net 298 129

Loss from continuing operations before and after tax

(1,178) (3,623)

Profit from discontinued operations net of tax - 1,219

Loss for the period (1,178) (2,404)


2006 2005
US cents US cents
Basic and diluted loss per ordinary share:
- continuing operations (1.8) (8.1)
- discontinued operations - 2.7
Total (1.8) (5.4)


Consolidated balance sheet

at 31 December 2006

2006 2005
US$000 US$000

Assets
Property, plant and equipment 31,527 958
Intangible assets 13,806 46,818
Total non-current assets 45,333 47,776

Other receivables and prepayments 10,094 410
Cash and cash equivalents 17,701 2,399
Total current assets 27,795 2,809

Assets in disposal group held for sale 1,686 -

Total assets 74,814 50,585

Equity
Issued share capital 3,956 2,247
Share premium 98,782 77,305
Other reserves 33,231 30,716
Retained losses (64,813) (64,055)
Total equity 71,156 46,213

Liabilities
Trade and other payables - 13
Interest-bearing loans and borrowings 421 475
Total non-current liabilities 421 488

Trade and other payables 3,169 3,828
Interest-bearing loans and borrowings 57 56
Total current liabilities 3,226 3,884

Liabilities in disposal group held for sale 11 -

Total liabilities 3,658 4,372

Total equity and liabilities 74,814 50,585


Consolidated statement of changes in shareholders' equity


Foreign
Share currency
Share Share option Warrants Merger translation Retained Total
capital premium reserve reserve reserve reserve Loss equity

US$000 US$000 US$000 US$000 US$000 US$000 US$000 US$000

Balance at 1 January 2005 2,307 77,147 487 420 29,197 177 (61,651) 48,084

Foreign exchange adjustments - - - - - (110) - (110)

Loss for the period - - - - - - (2,404) (2,404)
Total recognised loss for the - - - - - (110) (2,404) (2,514)
period

Adjustment to share capital (60) 158 - - - - - 98

Employee share option scheme:
- value of services provided - - 545 - - - - 545

Balance at 31 December 2005 2,247 77,305 1,032 420 29,197 67 (64,055) 46,213

Foreign exchange adjustments - - - - - 206 - 206

Loss for the period - - - - - - (1,178) (1,178)
Total recognised loss for the - - - - - 206 (1,178) (972)
period

New share capital subscribed 1,709 21,477 - - - - - 23,186
New warrants issued - - - 1,899 - - - 1,899
Warrants expired - - - (420) - - 420 -

Employee share option scheme:
- value of services provided - - 830 - - - - 830

Balance at 31 December 2006 3,956 98,782 1,862 1,899 29,197 273 (64,813) 71,156


Consolidated statement of cash flows

for the year ended 31 December 2006
2006 2005
US$000 US$000

Cash flows from operating activities
Operating loss from continuing operations (1,476) (3,752)
Depreciation 140 169
Share based payment expense 830 545
(Increase) / decrease in other receivables and prepayments (893) 174
(Decrease) / increase in trade and other payables (661) 217
Profit on part disposal of intangible assets (2,446) -
Intangible assets written off 54 -
Adjustment to share capital - (60)
Cash used in operations (4,452) (2,707)
Interest paid - (20)
Net cash outflow from operating activities (4,452) (2,727)

Cash flows from investing activities
Proceeds from sale of intangibles - 15
Proceeds from sale of an interest in a jointly controlled entity 4,594 -
Proceeds from disposal of subsidiaries under gold option agreements - 4,710
Cash disposed of from disposal of subsidiaries - (24)
Interest received 298 149
Foreign exchange retranslation of fixed assets 415 (313)
Acquisition of property, plant and equipment (5,604) (45)
Acquisition of intangible assets (1,032) (7,955)
Investments in joint ventures net of retained interest (3,950) -
Net cash outflow from investing activities (5,279) (3,463)

Cash flows from financing activities
Proceeds from the issue of ordinary share capital 24,156 -
(Payment) / refund of issue costs (970) 158
Proceeds from the issue of share warrants 1,899 -
Proceeds from acquiring mortgage on freehold property - 533
Proceeds from acquiring loan for fixed assets 2,668 -
Capitalised interest rolled up into mortgage 44 4
Capitalised interest rolled up into loan 158 -
Repayment of borrowings (2,878) (6)
Net cash inflow from financing activities 25,077 689

Net increase / (decrease) in cash and cash equivalents 15,346 (5,501)
Cash and cash equivalents at beginning of period 2,399 7,900
Exchange differences on re-translation of loan (44) -
Cash and cash equivalents at end of period 17,701 2,399


Notes to the consolidated financial statements


(a) Basis of preparation of financial statements


The consolidated financial statements are presented in US dollars and have been
prepared on the historical cost basis or the fair value basis where the fair
valuing of relevant assets and liabilities has been applied.


In common with many companies, the Company raises finance for its exploration
and appraisal activities in discrete tranches. Further funding is raised as and
when required. When any of the Group's projects move to the development stage,
specific financing is sought.


On the Blue Ridge project, the Group has mandated a consortium of South African
banks to arrange project debt for the development of the mine and signed a
binding Heads of Agreement with Imbani Platinum (Pty) Limited to provide part of
the project equity. In November 2006 the Company raised US$15.3 million from a
subsidiary of Zijin Mining Group Company Limited ('Zijin') by way of a private

placing and issue of warrants. These funds allow the Group to meet it's
commitment to provide equity for the development phase of the project. On
Sheba's Ridge, the Industrial Development Corporation of South Africa is
providing finance for the feasibility study in return for earning a 26% interest
in that project. The sales of Fountain Ridge, Rooikraal, Fonte Verde and Red
Bush Ridge projects are at an advanced stage with completion expected during
2007. Sales proceeds will be used to fund the Group's overheads and any
exploration activity in the coming year. In light of the foregoing the directors
are of the opinion that the Group has sufficient cash to fund its activities for
at least the next twelve months.


(b) Basis of consolidation


(i) Subsidiaries

The consolidated financial statements incorporate the financial statements of
the Company and entities controlled by the Company (its subsidiaries) made up to
31 December each year. Control is recognised where the Company has the power to
govern the financial and operating policies of an investee entity so as to
obtain benefits from its activities.


The results of subsidiaries acquired or disposed of during the year are included
in the consolidated income statement from the effective date of acquisition or
up to the effective date of disposal, as appropriate.


(ii) Joint ventures

A joint venture is an undertaking over which the Group is in a position to
exercise joint control. The results, assets and liabilities of joint ventures
are incorporated in these financial statements using the proportionate
consolidation method of accounting.


(iii) Proportionate consolidation method

The results, assets and liabilities of jointly controlled entities are
incorporated in these financial statements using the proportionate consolidation
method of accounting. Investments in joint ventures are eliminated with the
proportionate share of equity of the jointly controlled entity. Separate items
of income, expense, assets and liabilities are carried on a line-by line basis
in the Group in direct proportion to the amount of equity held, and thus jointly
controlled, within the joint venture.


(iv) Transactions eliminated on consolidation

Intra-group balances and any income and expenses arising from intra-group
transactions, are eliminated in preparing the consolidated financial statements.


Unrealised gains arising from transactions with associates and jointly
controlled entities are eliminated to the extent of the Group's interest in the
entity. Unrealised losses are eliminated in the same way as unrealised gains,
but only to the extent that there is no evidence of impairment.


Notes to the consolidated financial statements (continued)


(c) Loss per share

The calculation of total loss per ordinary share on total operations is based on
losses of US$1,178,000 (2005:US$2,404,000) and the weighted average number of
ordinary shares outstanding of 64,579,849 (2005:44,544,345). There is no
difference between the basic and diluted loss per share.


The calculation of loss per share for continuing and discontinued operations
uses the same weighted average number of shares as the calculation for total
loss per share but based on losses relating to continuing operations of
US$1,148,000 (2005:US$3,623,000) and profits relating to discontinued operations
of US$ nil (2005: US$1,219,000).


At 31 December 2006 there were 7,793,640 (2005: 2,885,140) share options and
10,000,000 share warrants in issue which may have a dilutive effect on the basic
earnings or loss per share in the future.


(d) Sheba's Ridge joint venture

During the year the Group transferred its mining rights and exploration
expenditure into Sheba's Ridge Platinum (Pty) Limited, a newly created joint
venture company. At 31 December 2006 the Group held a 50.85% interest in the
joint venture having disposed of 14.15% of its original 65% interest to the
Industrial Development Corporation of South Africa Limited ('IDC') by the year
end. Under the terms of an agreement between the investors in Sheba's Ridge
Platinum (Pty) Limited, some strategic operating and financial decisions require
unanimous consent from the investors. Consequently, the investment has been
classified as a jointly controlled entity and the Group has proportionately
consolidated the assets and liabilities of the joint venture in accordance with
the Group's accounting policy on jointly-controlled entities.


At the date of transfer, the unrealised gain was US$10,658,000, of which
US$2,446,000 has been realised following a partial disposal of the Group's
interest in Sheba's Ridge Platinum (Pty) Limited to another party to the joint
venture arrangement. As at 31 December 2006, US$8,212,000 remains as an
unrealised profit within intangible assets which is eliminated on consolidation.


(e) Statutory Accounts

This preliminary announcement, which has been agreed with the auditors, was
approved by the Board on 21 March 2007. It is not the Company's statutory
accounts, which will be sent to shareholders shortly.


The auditors' report on the full financial statements for the year ended 31
December 2006 has yet to be signed. However the auditors anticipate issuing, in
due course, an unqualified audit opinion thereon which will refer to the
availability of project finance as discussed in note (a) above.


The statutory accounts for the year ended 31 December 2005 received an
unqualified auditors' report and have been filed with the Registrar of
Companies.


This information is provided by RNS
The company news service from the London Stock Exchange
END

http://www.hemscott.com/servlet/HsPublic?context=ir.access&i…

[BReal]

Oha, das macht ja richtig Spaß.

Ist überhaupt noch jemand investiert? Ich jedenfalls bleibe bis zum bitteren chinesischen Ende ...

[Kusoke]

Klar, bin dabei. kann man sich doch nicht entgehen lassen!

Kusoke

[euwegs00]

so 'n blödsinn!!! null umsatz und die aktie ist unbter GBP! dieses schei..sommerloch!!! das ärgert mich wirklich

[BReal]

Antwort auf Beitrag Nr.: 31.047.861 von euwegs00 am 06.08.07 10:58:14

Ja, abwarten.

Mal sehen, wie die Bewertung nach Abschluss der Sheba-Studie aussieht. Bis dahin ist eh das meiste (nach oben wie nach unten) Spekulation.

Es sei denn, heute wussten ein paar Leute in England mehr. Glaube ich bei dem Umsatz aber nicht wirklich.

Gruß
BReal

[euwegs00]

Antwort auf Beitrag Nr.: 31.057.355 von BReal am 06.08.07 22:16:55

naja, aus meiner Sicht heissen nach den Übernahmen von AfriOre und Eland die heissesten Kandidaten unten den Platin-Juniors Ridge und Wesizwe (Eastplats und NKWE hoffnungslos überteuert), wobei die beiden zuletzt starken Preisverfall verzeichnet haben. Ich bin sicher, dass spätestens in 1 Jahr nach der Inbetriebnahme von Blue Ridge die Aktie bei 2,50 GBp notiert, aber es ist schon komisch, wie die Börse manchmal übertreibt ...
http://www.hemscott.com/ir/rdg/pdf/pres/pres_200705.pps#13

[BReal]

Antwort auf Beitrag Nr.: 31.296.944 von euwegs00 am 26.08.07 17:56:15

Die Halbjahreszahlen sind da, siehe Homepage.

Hier nur der Chairman-Report:




Embargoed until 7.00 am 28 September 2007

Ridge Mining plc

('the Company' or 'the Group')


Interim Results for the six months ended 30 June 2007


Ridge Mining plc (AIM Ticker: RDG), the platinum group metal developer on the
Bushveld Complex of South Africa, announces its results for the six months ended
30 June 2007.


Highlights


* Pre-tax profit of US$9.2 million for the six months to 30 June 2007
(2006 - loss US$1.6 million)

* US$45 million cash balance

* Profit of US$9.3 million from the sale of Fountain Ridge

* Blue Ridge development work commenced and production is scheduled for
the fourth quarter of 2008

* Sheba's Ridge feasibility study on target for December 2007 completion


Commenting on the interim results, Oliver Baring, Chairman said,

'The Company is on course to achieve its goal of joining the select group of
platinum producers in the fourth quarter of 2008 and the feasibility study for
the larger Sheba's Ridge project is on target for completion by the end of this
year'.


CHAIRMAN'S STATEMENT


During the first half of the year Ridge Mining has continued successfully to
progress its cornerstone projects, Blue Ridge and Sheba's Ridge. Development
work at Blue Ridge continues on schedule and the Company is on course to achieve
its goal of joining the select group of platinum producers in the second half of
next year. The feasibility study on Sheba's Ridge is likewise on schedule for
its targeted completion date in December. The Company reports a profit of US$9.2
million for the six months to 30th June, mainly as a result of the sale of
Fountain Ridge. This reaffirms our strategy of concentrating our technical and
financial resources on our two main projects whilst ensuring that interests in
peripheral projects can be economically realised.


Blue Ridge


Development work commenced this year with the mining contractor mobilising on
site during January. Excavation of the two decline shafts is ahead of schedule
with the North Shaft having progressed over 560 metres and the South Shaft
having progressed over 360 metres. The area used for the previous trial mining
has been reopened and renamed the Central Area and this will contribute to early
tonnage build-up.


In May, the Company signed a Lump Sum Turn Key (LSTK) fixed price contract with
Bateman Engineering NV to engineer and construct the concentrator plant for Rand
412 million (US$59 million). This figure was some 30% above the 2005 feasibility
study figure and whilst savings have been made wherever possible on the project
we have not been immune to the general inflationary climate that the entire
mining industry has experienced over the past two years and total capital cost
is now forecast to also have increased by a similar amount. Cost increases in
the mining industry are ironically largely a result of higher metal prices. The
basket price of the PGM output from Blue Ridge has increased by more than 60%
from the feasibility study estimates making the project economics even more
robust.


The plant is planned to be commissioned and handed over by Bateman to Blue Ridge
Platinum (Pty) Limited in the fourth quarter 2008 at which time a stockpile of
ore will have been built up to enable the plant to build up to full capacity
(149,000 oz (6E) per annum) by the end of 2008.


The financing of the project has taken major steps forward during 2007 with the
signature of the joint venture agreement, whereby Imbani Platinum acquired 50%
at the end of June, resulting in an injection of Rand 340 million (US$49
million) into the project. Negotiations with the consortium of banks have been
extended to include discussions over the level of hedging that the project
should undertake. This has now been agreed at levels where all parties are
comfortable and it is a measure of the banks' increased confidence in the
project that they have agreed to increase the loan facilities by Rand 100
million (US$14 million) to Rand 710 million (US$101 million). It is expected
that the loan documentation will be signed in October with first draw down later
this year.


Sheba's Ridge


The feasibility study into the Sheba's Ridge project is progressing well
following the successful pilot plant results from Mintek in the first quarter of
the year. The process of designing the open pit using Whittle computer modelling
is currently being finalised prior to the production of the detailed mining
plan. Preliminary results using improved long term metal prices (a price of
US$3.90/lb Nickel was used in the pre-feasibility study) has resulted in the
reclassification of certain blocks of material in the block model from waste to
ore and this has had a marked improvement on the planned stripping ratio. It is
planned to release a revised ore reserve statement in advance of the results of
the feasibility study once this exercise has been completed and the results
audited by independent technical consultant SRK Consulting in accordance with
the JORC Code.


Consultants for each of the various disciplines were appointed during the first
half of the year and the feasibility study remains on schedule for completion in
December at which time SRK Consulting will conduct a technical audit of the
results.


Other Projects


During the period the Company completed the sale of its interest in the Fountain
Ridge project for Rand 70 million (US$9.8 million).


Financial Results


The Group made a pretax profit of US$9.2million for the six months to 30 June
2007 (2006 - loss US$1.6 million) largely due to a profit of US$9.3 million on
the sale of Fountain Ridge as well as US$2 million received in settlement of a
dispute on the Tjarte project.


With two robust advanced projects and with over US$40 million in cash in the
Company's treasury we remain confident that the foundations have been laid for a
solid future for the Company.


Oliver Baring
Chairman

[Popeye82]

www.miningmx.com/wts/727260.htm


"Ridge Mining

Posted: Thu, 13 Dec 2007

[miningmx.com] -- RIDGE Mining plc's 50% owned subsidiary, Blue Ridge Platinum had signed loan agreements for the provision of R715m or $107m project finance for the continued development of the Blue Ridge platinum group metals Mine on the Eastern Limb of the Bushveld in South Africa.

The development of the 149,000 oz a year Blue Ridge Mine started in January 2007 and has been funded to date by equity provided by Ridge and its joint venture partner Imbani Platinum.

The finance was being provided by a consortium of South African banks comprising the Standard Bank, Investec Bank, the Development Bank of Southern Africa and the Industrial Development Corporation of South Africa."

[Popeye82]

www.miningmx.com/wts/169576.htm

"Posted: Mon, 03 Mar 2008

[miningmx.com] -- RIDGE Mining increased its mineral resource at its Blue Ridge property by 72% after buying SouthernEra Mining’s Millennium Project, the platinum firm said in an announcement.

“Millennium represents a significant opportunity to expand production at Blue Ridge which is already mining ore onto a stockpile and is on schedule to ship its first concentrate in the final quarter of this year,” said Terence Wilkinson, CEO of Ridge Mining.

Total measured resources at Blue Ridge now totals 3 million oz of platinum group elements, and 7.8 million oz of total measured and indicated resources."

[Popeye82]

Dürfte demnächst interessant werden, würde ich denken,
feasibility für Q1/08 und Produktionsstart
für Q4/08 angestrebt.

[Popeye82]

www.miningmx.com/platinum/193090.htm

"Ridge's platinum output profile improves
Allan Seccombe
Posted: Thu, 06 Mar 2008

[miningmx.com] -- PRODUCTION at Ridge Mining’s Blue Ridge platinum group metal project on the eastern bushveld in South Africa is likely to rise from 125,000 ounces 4PGE to about 200,000 ounces in about five years.

The addition of the Millennium project, which Ridge bought from Lonmin this week, means that once the new resources have been proved up and incorporated into a mine plan, annual production at Blue Ridge could climb to 200,000 oz/year.

“The studies have not been completed as yet but it is thought this level of production may be reached in about five years time,” said Francis Johnstone, commercial director at London based and AIM-traded Ridge Mining.
opens up opportunities that looked slender
The mineral resource at the $200m Blue Ridge project has jumped by 72% to a measured and indicated resource of 7.8m 4PGE with the finalisation of the company’s acquisition of the Millennium project. And the net present value of the project has soared from $80 million two years ago to $650 million today, said Johnstone.

“Platinum has gone up very fast, you have to be wary, but it (the rise in metal price) does open up other opportunities that looked a bit slender before hand,” he added.

At Millennium, the company said the total measured resource is 3.3 million ounces 4PGE (platinum, palladium, gold, and rhodium). The total measured and indicated resource for the Blue Ridge project now stands at 7.8m 4PGE.

“Most of the feasibility study work to see how to open up the project and start mining is to be completed this year,” said Johnstone.

Ridge has its hands full, bringing Blue Ridge into production as well as developing two other projects in South Africa. It is currently mining and building up a stock pile at Blue Ridge and the plant, which was being made in China by Bateman Engineering, is now on its way to the Bushveld. It is expected to be fully commissioned by the end of October.

Johnstone said the first concentrate should be ready to transport to Impala’s refinery by the final quarter of this year. Ridge has a life-of-mine off-take agreement with Impala for the project.


“The Millennium resource will be additional to Blue Ridge. When the feasibility study was done there were certain resources which could be incorporated into Blue Ridge immediately, coming into the area of influence of one of the shafts,” added Johnstone.

“The majority of the Millennium’s resource is on the other side of a throw fault which affectively throws whole of Millennium down 400 metres. It could be accessed through bridge infrastructure, probably some kind of decline across from Blue Ridge and, perhaps, a vertical shaft. We will look at possibilities as part of the feasibility study,” he said.

Blue Ridge, has a life of mine of beyond thirty years, and has planned two decline shafts. Mining has started on surface but in 18 years may be taking place at 800 metres.

Imbani Platinum, headed by Briss Mathbathe and Joel Mokgohlwa, is Ridge’s empowerment partner.

An announcement on an empowerment partner for Ridge’s two additional South African projects, Sheba’s Ridge – a mine which lies 30ks from Blue Ridge on the western spur of the eastern bushveld – and a possible metallurgical plant, will be made when the feasibility studies into these projects are completed and approved.

In the case of Sheba’s Ridge the results of the feasibility study were announced last year and are being audited by SRK. Johnstone said the results of the audit will be announced this month. Sheba will be an open pit platinum mine with production expected to be around 400,000/oz platinum group metals annually along with 24,000 tonnes of nickel and 12,000 tonnes of copper annually.

Ridge too is looking into the possibility of building an independent platinum refining company. At the moment smaller scale platinum miners in South Africa have to send their metal to be refined by Impala Platinum, Anglo Platinum or Lonmin, this eats up a significant amount of the smaller producers’ profits.

Ridge is working with state economic development body the Industrial Development Corporation (IDC) and other partners. Johnstone said it was too early to say who they might be."

[eifelcash]

Hi popeye,

bin dabei.

Gruß,
eifel

[SKGold]

Antwort auf Beitrag Nr.: 33.825.754 von eifelcash am 07.04.08 14:03:21

Hallo eifel,

ich merke unser Depot ist ähnlich strukturiert.
Bin hier auch mit an Bord.

Auf steigende Kurse!

Gruß
SKGold

[eifelcash]

Antwort auf Beitrag Nr.: 34.063.454 von SKGold am 09.05.08 11:46:58

Hallo SK, hab ein paar kleine Änderungen bzgl. tommys depot aber im Grunde läuft das ganze nach meinem Geschmack.

Schöne Pfingsten, und beste Grüße,

eifel

[Popeye82]

Ridge Mining Will Partially Fill The Platinum Supply Deficit, Providing It Gets Power To Its Projects - 28.05.08
- By Rob Davies -

Donald McAlister, finance director of Ridge Mining, was in ebullient form when Minews contacted him for an update on progress. Unfortunately, it was during platinum week so everyone was rather busy and chief executive Terence Wilkinson had just popped out. What is clear though, from talking to Donald and to long-time mining brokers, is that there isn’t enough platinum to go round. ...
www.minesite.com/nc/minews/singlenews/article/ridge-mining-w…

[tommy-hl]

Das hört sich alles sehr gut an!
Ridge bleibt für mich ein klarer Kauf!

Ridge Mining PLC - Blue Ridge Hedging

29 May 2008
Blue Ridge Hedging Arrangements

Ridge Mining plc ('Ridge') announces that its 50% owned subsidiary, Blue Ridge Platinum (Pty) Limited, ('Blue Ridge Platinum') has entered into hedging agreements for a portion of the Blue Ridge Mine's three main metals (platinum, palladium and
rhodium).

The increase in prices for Platinum Group Metals and the weakening of the South African Rand over the past six months has resulted in a higher price achieved for the hedging than was previously envisaged and has significantly reduced the quantum of metals required by the banking consortium to be hedged.

Commencing mid 2009, Blue Ridge Platinum has sold forward the following quantities of metals, over the periods and at the prices shown below in South African Rand:

...................................... Platinum ... Palladium ... Rhodium
Total ounces sold forward 62,949 ... 29,463 ... 9,000
Period (years)...................... 4 ........... 4 ........... 3
Approximate % of
annual production in ........ 21% ...... 21% ..... 23% concentrate
Hedge price R/oz ............. 16,587 ... 4,244 ..... 53,523

The above forward sales represent approximately 5% of the total life of mine production.

The loan finance is being provided by a consortium of South African banks comprising The Standard Bank of South Africa Limited, Investec Bank Limited, The Development Bank of Southern Africa Limited and The Industrial Development Corporation of South
Africa Limited. First draw down on the project loans was made in early May 2008.

The Blue Ridge Mine, located on the Eastern limb of South Africa's Bushveld complex, will produce 149,000 6E ozs of PGM (Platinum, Palladium, Rhodium, Ruthenium, Iridium and Gold) per annum, in concentrate. The project has a planned mine life of 18 years with the potential for this to be extended. The acquisition of the adjacent Millennium Project earlier this year also provides the opportunity to expand the production profile.

Mine development commenced at the beginning of 2007 and remains on schedule to meet the production target of the 4th quarter 2008. Mining of ore from underground commenced at the beginning of this year and approximately 60,000 tonnes of ore had been stockpiled at the end of April. The mills which were fabricated in China arrived on site earlier this month in line with planned commissioning towards the end of the third quarter. Ridge has acquired standby generating capacity to cover the mine's entire power requirements in the event of mains power interruption.

Terence Wilkinson, Chief Executive commented, 'We are delighted to have completed our hedging programme at a time when PGMs are trading at all time highs'

[KNORPEL]

[Picker56 [KommA]]

Hi alle,

ist in den letzten 3 Monaten richtig ruhig hier geworden.

Obwohl, wie es aussieht, alles seinen gewohnten Lauf nimmt mit der Mine.

Oder ist vielleicht keiner mehr hier nach den brutalen Kursstürzen ??

Picker56

[Popeye82]

Ridge bringing in partner for Sheba's Ridge - Mininggmx - Mon, 22 Sep 2008
- Allan Seccombe -
www.miningmx.com/platinum/764158.htm

[Picker56 [KommA]]

Kam heute von ridge rein :

RNS Number : 6962E
Ridge Mining PLC
30 September 2008


RNS Number

Ridge Mining plc

30 September 2008


Ridge Mining plc

RDG : AIM



In compliance with the FSA's Disclosure and Transparency Rules, Ridge Mining plc

("the Company") notifies the Market that :


The Company's issued ordinary share capital consists of 91,447,292 ordinary shares

Of USD0.05 each with one voting right per share. There are no shares held in Treasury.


This figure may be used by shareholders as the denominator for the calculation by

which they will determine if they are required to notify their interest in, or a change in

their interest in, the Company under the Disclosure and Transparency Rules.



Ridge Mining

Colin Fitch (Company Secretary) Tel [phone]

Nominated Adviser

RBC Capital Markets

Martin Eales Tel [phone]

This information is provided by RNS
The company news service from the London Stock Exchange

[Popeye82]

Ridge ponders Blue Ridge platinum growth - Miningmx - Oct 16, 2008

- Allan Seccombe -
www.miningmx.com/platinum/805704.htm

"[miningmx.com] -- RIDGE Mining intends hitting the targets it set for itself publicly before considering an expansion of its Blue Ridge project, currently designed to produce 149,000 ounces of six platinum group elements (PGE) a year.


The current plan is to treat 125,000 tonnes/month of ore. This could be expanded to around 180,000 to 185,000 tonnes/month now that the Millennium property has been added to Blue Ridge, CEO Terence Wilkinson said.

This could boost production to 220,000 oz of 6 PGE/year, the upper level of the estimate.

Ridge is working on a project to extract chromite from Blue Ridge’s tailings. It should be running by the end of 2009 at a capital cost of R70m, he told Miningmx in an interview.

An announcement on a fourth partner to be brought into the Sheba’s Ridge nickel and PGE project might be made in little more than a month, he said.

The timing of a secondary listing on the JSE to facilitate share options for South African staff, allow its empowerment partner to exercise options and raise a little cash is completely fluid at this stage and won’t happen before some normalcy returns to the markets, he said.

Ridge does not have to raise capital at this point and is fully funded for its shallow Blue Ridge mine and concentrator. Impala Platinum is the offtake partner for the life of mine.

Ridge has a strong technical team, drawn largely from Lonmin and Anglo Platinum, placing it ahead of aspirant juniors, many of which have yet to raise capital and build up full technical teams for proposed projects, issues potential funders have become very sticky about.

“We are coming on stream exactly as we promised the market we would,” Wilkinson said. The ramp up to steady state production will take three months.

Not only is the project ticking over nicely, but Ridge put in a hedge for 20% of its production when the platinum price was above $2,000/oz, attracting a lot of derision at the time.

The platinum price has subsequently fallen out of bed and is trading around $916/oz. Ridge will realise $1,800/oz for its hedged ounces. It locked in the rand at R9.33 to the dollar compared to the current exchange rate of slightly more than R10.

To facilitate an expansion at Blue Ridge, Ridge will need to add to the flotation section. The mills can handle the extra tonnes. There’d be a marginal capital outlay to increase the number of machines on the mining side.

“Once we have a given overhead and we can then start with greater throughput that would give us a much better handle on unit costs in this environment of runaway costs. It becomes pretty attractive for us to do,” he said. “Combined with the chromitite plant, it makes it very attractive for us.”

The cash operating cost assumption for Blue Ridge is $660/oz to produce platinum, palladium, rhodium and gold.

He declined to give chromitite production figures, but said on a R70m plant and current prices of R1,600/tonne of chromitite the internal rate of return would be “in excess of 100.”

“I look at that not so much as an added level of profit but a handsome recouping of costs.”

Seventeen companies have approached Ridge for chromitite, in some cases offering to provide the funding, he said.

While there is an internal investigation into the expansion, Ridge won’t pull the trigger on any such plan for another year.

“By the end of June, September next year we’ll have proved our point and that will be the time to say we can go ahead with expansion,” Wilkinson said. “We’d then have more credibility in indicating to the market what we can do.”

“The juniors at the moment have a credibility gap, looking the market prices, and people asking can they genuinely do it. I think it would be wrong to do anything at the moment which will take focus away from what we’ve promised and what we’ve done.”

Wilkinson said Blue Ridge might have a lower grade at 3.3 grams/tonne than its major peers at 5g/t, but they have mines averaging 900 metres deep, requiring much higher costs to extract ore.

“We’re in the ball game despite it being a lower-grade operation,” he said.

Asked if the company hadn’t become a target for consolidation because of it’s the dramatic slump in its share price to 29.5 pence from 143 pence in April, Wilkinson pointed out their friendly partner, China’s Zijin, with a 20% stake, would be unlikely to react favourably to a takeover approach.

Ridge owns 50% of the Blue Ridge project, with empowerment partner Imbani owning the rest.

Ridge hold just under two thirds of the Sheba’s Ridge project for which a feasibility study is underway, particularly into the establishment of an independent smelting and refining facility in conjunction with Impala Platinum, African Rainbow Minerals and the Industrial Development Corporation.

Whether a suitor would be prepared to acquire these stakes is an open question, but the deposits are shallow and one of them is coming into production soon, something that would be attractive.

Wilkinson said if it had been just Ridge’s shares that had decreased so sharply there might be a worry, but the falling platinum price had dragged down the share valuations of its peers too. "

[Picker56 [KommA]]

Mal wieder eine interessante Meldung von Ridge :

RIDGE MINING PLC

8 January 2008


VARIATION OF AGREEMENT WITH BUSHVELD PLATINUM PLC

FOR THE SALE OF NON-CORE ASSETS


On 14 November 2006, Ridge Mining plc ("the Company") announced that Bushveld Platinum PLC ("Bushveld") had exercised its option to acquire the Rooikraal, Red Bush Ridge and Fonte Verde projects (the "Projects") from the Company pursuant to an option agreement signed in July 2006 ("the Transaction").


Completion of the Transaction was subject to execution of definitive sale agreements and to ministerial approval. The total sale price for the Projects was Rand 20 million of which the Company has received Rand 7 million in option fees and deposits, with the remainder due on completion.


Definitive agreements for the Transaction were signed in 2007 and applications to the Minister of Minerals and Energy to approve the transfers were made during 2008. Approval remains pending.


As result of the current markets for funding exploration projects, Bushveld and the Company have agreed to the deferral and amendment of the final payments due on completion. Payment of the outstanding balance of the purchase price of Rand 13 million has been deferred to 31 December 2009 and increased to Rand 16 million. If Bushveld lists on any stock exchange prior to 31 December 2009, it may elect to settle this in shares to the value of Rand 20 million at the listing price. If the Rand 16 million is not paid prior to 31 December 2009 it is further increased to Rand 20 million. If Bushveld lists on any stock exchange during 2010, it may elect to settle the outstanding purchase price in shares to the value of Rand 25 million at the listing price.


This deferral and option to settle in shares enables Bushveld to concentrate its cash resources on fulfilling its obligation to keep the prospecting licences on the projects in good standing prior to ministerial consent to the transfer.


Picker56

[Popeye82]

Ridge Mining to produce first concentrate at Blue Ridge, Sheba's on hold - Mineweb, JOHANNESBURG - Friday , 30 Jan 2009

- Ridge Mining will process first ore at Blue Ridge in mid-Feb, but it's Sheba's Ridge project will only go ahead once the outlook for commodities changes. -

- Tessa Kruger -
www.mineweb.com/mineweb/view/mineweb/en/page35?oid=77721&sn=…

"Ridge Mining (AIM:RDG) is expecting to produce first concentrate at its Blue Ridge project at the end of February and to reach full production capacity of 149 000 6PGE by the middle of 2009. However, the company has put its large nickel and PGM project, Sheba's Ridge, on hold while the outlook for commodities is still bleak.

Chief executive officer Terence Wilkinson said today the company was not unhappy about bringing the Blue Ridge mine into production at current PGM prices; these prices are still stronger than the prices assumed in the feasibility study. The company believes the platinum price will recover to around $1200/ounce in the short-to medium-term, as the number of platinum shafts that were not profitable at current prices brought pressure to bear.

He said shareholders generally understood that the Sheba's Ridge project could not go ahead while the "whole scenario facing the mining industry is very gray". The project's bankable feasibility study was completed last year, but Ridge could only take the project forward once the outlook for commodities improved and the time of this recovery became clear.

The Sheba's Ridge project comprises of a large, open pit mine and processing plant producing a concentrate containing nickel, platinum group metals and copper. Following its feasibility study the company said the project would produce 23 000t of nickel, 11 000t of copper and 352 000 ounces of PGE.

Ridge had been in discussions with the IDC, Impala and ARM regarding the construction of an independent smelter complex at Sheba's Ridge that would further process the 600 000t of concentrate the mine would produce each year.

Wilkinson said the major issue for the company this year is to bring the Blue Ridge concentrate plant on stream as planned. The company has built a stockpile of 250 000t on the surface and the first ore will be processed in the middle of February.

Blue Ridge consists of two decline shafts that at full capacity will extract 120 000 tonnes of ore a month over a projected mine life of 18 years.

Wilkinson said the next issue for the company was to increase production at Blue Ridge from the orebody that continued on the adjacent Millennium property the company bought last year. The expansion would give Ridge Mining tighter control of costs as the mine infrastructure was built and the mill was already capable of handling 2.4mt a year.

"The mill is currently processing 1.5mt a year, so an expansion to 2.4mt a year is fairly significant," said Wilkinson. He said the company was in the process of evaluating the value the expansion would add.

The chief executive said the company was still planning a secondary listing on the JSE, "but when a company goes to market like that it wants to raise money at the same time". Wilkinson said the company was fully-funded at the moment and could cash in its hedge of 20% of Blue Ridge's platinum palladium and rhodium production over the next three years if it needed funds.

The company was continuing with the optimisation of the Sheba's Ridge project to attain higher production and lower costs here."

[Urlaub2]

Antwort auf Beitrag Nr.: 36.499.310 von Popeye82 am 03.02.09 08:32:46

Die Aktie läuft sehr gut.

Es kommt eine Übernahme durch Aquarius Platinum.

Wer hat nähere Infos ?

Ich denke, daß wir vermutlich locker die 1 Euro erreichen werden.

[johanderla]

für so eine nachricht ist hier abEr tote hose
kennt sich den jemand aus mit ridge????

[hobiewaters]

Antwort auf Beitrag Nr.: 36.582.418 von johanderla am 15.02.09 15:04:58

Ich würde mich dazu mal bei

www.tenbagger.info/index.html

einschreiben für den kostenlosen Newsletter. Ridge ist dort im Musterdepot und es gibt von Zeit zu Zeit updates.

[KNORPEL]

Way Clear For Ridge Bid
Article Date: May 26 2009
Aquarius Platinum says all pre-conditions for its £96 million Ridge Mining bid have been satisfied.

Fully-listed Platinum, which produces platinum group metals (PGMs) in South Africa’s Bushveld, first announced its all-share bid for fellow Bushveld PGM counter Ridge in February. AIM-quoted Ridge accepted the bid, which was subject to certain pre-conditions about funding the PGM projects involved.

Since then, Aquarius has raised $260 million (£162.5 million) through shares and convertible bonds. Meanwhile, Ridge’s 50 per cent-owned Blue Ridge Platinum subsidiary has entered into agreements to raise and re-finance £40 million of secured funding to keep its Blue Ridge mine in operation and to borrow £16 million of bridge financing, which Aquarius will assume if the bid goes through.

Both companies say these funding measures satisfy the pre-conditions and the bid can proceed. Ridge chief executive officer Terence Wilkinson argues ‘the support of Aquarius has been invaluable in arranging the required finance to fund working capital at Blue Ridge’.

Aquarius, steered by chief executive officer Stuart Murray, says it has so far received irrevocable acceptances from Ridge directors and institutions together holding 32.7 per cent of its capital. With Aquarius shares at 281p (down 3.5p this morning), the offer, of one Aquarius share for every 2.75 Ridge shares, represents a small premium to Ridge’s present price of 97p.

That is 70 per cent up since Growth Company Investor advised holding on at 57p and four and a half times their 21.5p low last October, though less than half their original float price of 225p. Those showing a profit might be tempted to take it, but those preferring to dwell on possible further bid developments and/or on the long-term prospects of the Bushveld should still hold on.

http://www.growthbusiness.co.uk/news/smallcap-spotlight/1047…