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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. 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

Bullboard Posts
Post by PUNJABIon Jan 10, 2013 10:00am
231 Views
Post# 20819648

This stock is overboght

This stock is overboght

But keeps going up & up. Sold some shares to buy back when RSI comes down but it keeps inching higher on few shares considering the size of the float.

Guess the sellers were exhausted during tax loss selling. This was a tax loss long trade for me. Will load up on pullbacks & would hold the present shares for higher prices or when it gets into a new trading range.

 

The stock has almost doubled from the bottom but this stock was coming from a  very low price or at the cash value of the company.

 

Even though they are incurring losses the stock is low risk at these prices.

 

Bullboard Posts