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.

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Eastern Platinum Ltd.

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Comment by colt451on Apr 23, 2013 6:28pm

112 Views

Post# 21291908

RE: Takeover in the works?

Given the high amount of volume (relatively speaking) it may seem that a takeover is in the works, but IMO it's just dumping, Rozier is pretty attatched to ELR and now that the mine is more or less on maintanence there isn't an upside in a short-mid term - simply put there are better investments and the large shareholders are moving on to greener pastures.

But who knows maybe it is a takeover - though I doubt it

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