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. 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 world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.

TSX:ELR - Post by User

Eastern Platinum Ltd.

Bullboard Posts

Comment by Valentine_MSon Aug 31, 2011 6:31am

226 Views

Post# 18996734

RE: RE: RE: 950K cross by GMP

I have seen virtually no anonymous selling. I agree there is a basically endless supply at the asks that keeps getting refreshed and that holds down the price despite all the buying, but does not explain the drop. There is also a huge support under, yesterday the offers went from ~100k to over 500k in the last minute or so of trading so I don't think they are worries about the 50-100k on offer. I understand the patient bidder part of this, I don't understand why the people selling would not let it rise a bit and make more money. Even a penny is a lot of profit on a stock this cheap.

Bullboard Posts

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