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

Comment by GoldenDilemmaon Feb 24, 2017 10:59am

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Post# 25888949

RE:RE:RE:RE:RE:RE:RE:RE:Cash, what cash?

No idea.

There's zero guidance or transparency. Management is useless for the sake of public shareholders.

However, what I suspect from the DD I have done is that this is about control of assets. Whether that's to be in control of a potential sale, or, to be in control of production (which will require $ injected into company), I dunno. Right now, everyone is losing money - including the one's running the company.

So, they are either totally incompetent and will implode the company... or, they do not give too much f u c k about the current market price because they know what their strategy is and will have an end game strategy.

Bullboard Posts

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