Seeking value through the mining and exploration of our PGM and chrome assets in South Africa

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Bullboard - Investor Discussion Forum 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... see more

TSX:ELR - Post Discussion

Eastern Platinum Ltd. > Average Price 14 cents

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Post by tdsb on Dec 14, 2023 5:20pm

Average Price 14 cents

The first tranche I bought was for 10 cents then I bought some for 15 cents, still early days but I really like this play. We have hit resistance at 16 cents and that is a 52 week high. I ran some technicals on Eastern and the only thing that concerns me is their debt, but if it pullsback I think it will be bought aggressively. I believe Platinum will join in on this gold rally at some point. I understand that the recent pop we are seeing is mostly from their chrome sales. Cheers!

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