Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. It is engaged in re-mining and processing of tailings at the Crocodile River Mine (CRM) and the exploration and development of other PGM and chrome properties located in various provinces in South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam. Its six PGMs are platinum, palladium, rhodium, osmium, iridium and ruthenium. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers northeast of Johannesburg.

TSX:ELR - Post by User

Eastern Platinum Ltd.

Bullboard Posts

Post by gskohlion Jan 27, 2010 12:04pm

476 Views

Post# 16723963

Keep buying and accumulating

The big players or I would say long term investros have been buying and accumulating big lots at $1.21 since morning.

Just wait for now 0.40 - 0.55 cents up very soon.

I happened to see in level II the following orders :-

95 ask orders in the range from $1.50 to $1.60

30 ask orders consisting of 213700 shares at $1.50
16 ask orders consisting 497900 (near about 1/2 million shares), I am sure there is a big block of shares to sell at $1.60

Looks like the next resist level is $1.60 or it could go higher to $1.75