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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

Bullboard Posts
Comment by howdy1on Apr 23, 2013 1:17am
159 Views
Post# 21286823

RE: RE: RE: Ugly day ELR drops 22.7%

RE: RE: RE: Ugly day ELR drops 22.7%

Liberty Silver tried to take over Sennen Resources under very dubious circumstances.  The company came from nowhere, suddenly gained a large market cap, then made a play for Sennen in an all stock offer.  Sennen was trading at a market cap that did not reflect its' money in the bank at the time. 

 

Some say that Liberty was little more than a shell whose price was an artificially inflated by insiders and the whole point of the affair was to get at the 12 million dollars that Sennen had in cash.  

 

Sennen is essentially the sister company of ELR.  If nothing else, it was an entertaining saga while it lasted.  It also showed that Mr. Rozier can fight a good fight when he puts his mind to it.  The (open) letters to shareholders (news releases) were particularly interesting during this time.  

Bullboard Posts