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.

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Eastern Platinum Ltd.

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Comment by Snoinamon Feb 23, 2017 3:09pm

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Post# 25884694

RE:RE:RE:Cash, what cash?

Seriously consider selling and get whatever you can. I bought ELR about a year and a half ago at about $0.40 and watched the stock triple to almost $1.20. Then the new BOD came in and the price dropped. I sold out at about $1.10 but have waited for a reason to buy back in because this company has some great assets, imo. But this BOD is selling off all the assets for cheap. The previous BOD warned all shareholders about the incoming BOD and how they have sold off all valuable assets in all their previous endeavors. These guys ride a stock all the way down to 0 and are in the process of doing it again. Seriously, get out now and try ANYTHING else. I believe this company will file for bankruptcy within the year (by Dec. 2017, probably sooner).

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