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

Post by PUNJABIon Apr 23, 2013 4:41pm

230 Views

Post# 21291563

CAPITULATION / FIRE SALE

This is capitulation it is not about fundaments or value of the company. There are few institutions that are dumping their shares & cleaning up. Most likely they are incurring huge losses. It is more like getting this stock off their books. Most shares came out of Anonymous who dropped million shares at a time. Did not care what he got for them. When you have a $.08 stock & someone rains millions of shares then the stock is going to go down a few cents.

The volume of 33m is deceptive as there was a cross of 20750000 & 250000 by Dundee at $.075. The stock was taken down mostly by Anonymous with Goldman running a sell computer program with 2000 share sale a time every few seconds. Only 4000 shares traded at $06. The stock bounced back from $.06 with force as Dundee cleaned the offers all the way to $.08 & closed at $.085 flat for the day. Someone even bought the last 27000 shares after close & now there is a bid at $.085.

House Positions for C:ELR from 20130423 to 20130423

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
27 Dundee	24,722,000	1,845,141	0.075	21,000,000	1,575,000	0.075	3,722,000	-270,141
79 CIBC	1,180,414	97,280	0.082	177,500	14,840	0.084	1,002,914	-82,440
15 UBS	1,007,500	85,597	0.085	150,000	12,750	0.085	857,500	-72,847
9 BMO Nesbitt	435,500	34,160	0.078	119,100	9,583	0.08	316,400	-24,577
101 Newedge	227,000	17,460	0.077	0			227,000	-17,460
85 Scotia	579,000	42,340	0.073	359,000	29,675	0.083	220,000	-12,665
2 RBC	541,560	43,247	0.08	361,895	28,118	0.078	179,665	-15,129
89 Raymond James	140,000	9,820	0.07	0			140,000	-9,820
7 TD Sec	2,040,366	154,639	0.076	1,971,366	155,016	0.079	69,000	377
123 Citigroup	67,424	5,731	0.085	0			67,424	-5,731
58 Qtrade	63,000	4,600	0.073	0			63,000	-4,600
81 HSBC	52,000	3,535	0.068	0			52,000	-3,535
80 National Bank	68,321	5,401	0.079	19,364	1,538	0.079	48,957	-3,863
19 Desjardins	208,500	15,395	0.074	165,000	11,845	0.072	43,500	-3,550
99 Jitney	25,000	1,875	0.075	500	40	0.08	24,500	-1,835
22 Fidelity	22,500	1,800	0.08	0			22,500	-1,800
28 BBS	50,000	3,750	0.075	50,000	4,000	0.08	0	250
14 ITG	0			199	15	0.075	-199	15
96 Blackwatch	0			361	25	0.069	-361	25
53 Morgan Stanley	0			1,000	70	0.07	-1,000	70
39 Merrill Lynch	0			1,500	114	0.076	-1,500	114
33 Canaccord	0			4,000	280	0.07	-4,000	280
13 Instinet	87,000	7,095	0.082	118,000	8,400	0.071	-31,000	1,305
124 Questrade	127,600	9,679	0.076	199,600	16,718	0.084	-72,000	7,039
83 Mackie	0			155,200	12,416	0.08	-155,200	12,416
65 Goldman	2,000	120	0.06	598,100	46,719	0.078	-596,100	46,599
1 Anonymous	1,454,000	111,017	0.076	7,649,000	572,520	0.075	-6,195,000	461,503
TOTAL	33,100,685	2,499,682	0.076	33,100,685	2,499,682	0.076	0	0