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Aquarius Platinum loses on RDG merger approval

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Commodity Online
Aquarius Platinum Ltd. (ASX:AQP) has now been authorized by the Competition Commission of South Africa to continue the merger process with Ridge Mining (LON:RDG).

Aquarius Platinum Ltd. is a platinum group metals producer in Southern Africa. Ridge Mining is engaged in the development of platinum group metals and associated metals.

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Following the merger AQP will have stand-alone control over Ridge Mining. The ratio of the deal is set to be 1 AQP share/2,75 RDG shares.

AQP lost 2.77% at Australia Stock Exchange on Tuesday and closed at 5.96. It touched a 52-week high of 18.6 and low of 2.02.
MCX Light Sweet Crude Oil 19 June 2012 contract was trading at Rs 5241 , up Rs. 233 . What's your view on it?
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