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 18, 2013 12:13pm

175 Views

Post# 21292431

New low.

$.095 not a bad price. The stock is trading below cash on hand. The company is incurring a small loss. The impairment is book keeping & does not impact cash. When you are trading well below the cash on hand then the stock has already priced in Bankruptcy. This company has huge amount of cash on hand amounting to $131million with the market cap of $109 with no debt. It is not difficult to see that this company is not a candidate for Bankruptcy soon and a good risk to reward ratio when the selling panic is done.

Now who is selling. Biggest seller is Anonymous means some institutions & then Dundee. They guys may have redemptions or huge losses but it is not tax season they might even be taking the stock out of their books because it makes them looks bad of the losses they had on this stock. Can be capitulation.

If you had bought much much higher then you have a long wait & possible loss. If you are buying now at these price then risk & rewards is good.

I getting very interested at these & lower prices & will trade some shares for pennies . If this stock has half decent volume it can be a good trading stock. e. g at $.095 100k shares is $9500 not much capital for one block a spread of $.01 is $1000 profit for $05 it is $500. You can increase or decrease the quantity of shares & still make money while the stock get out of the big ditch. From $.095 to $.20 is double which is not outrageous target & can happen for non traders.

Market does strange things & if you hold cash then you can benefit from the opportunities the market will offer you from time to time. You have to be careful some bargains will even become better. There are too many bargains. If the selling pressure continues just nibble & flip till sellers have done their business.

Do not exhaust your cash & manage your exposure.

House Positions for C:ELR from 20130401 to 20130418

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
85 Scotia	3,195,293	407,700	0.128	914,423	122,794	0.134	2,280,870	-284,906
79 CIBC	2,943,398	372,844	0.127	1,134,809	151,913	0.134	1,808,589	-220,931
7 TD Sec	4,634,660	598,090	0.129	3,313,927	425,281	0.128	1,320,733	-172,809
2 RBC	3,719,321	498,481	0.134	2,947,777	420,892	0.143	771,544	-77,589
9 BMO Nesbitt	1,115,738	142,674	0.128	475,415	66,327	0.14	640,323	-76,347
19 Desjardins	1,305,015	171,497	0.131	678,680	95,043	0.14	626,335	-76,454
15 UBS	535,500	73,507	0.137	85,000	11,550	0.136	450,500	-61,957
78 Salman	415,000	53,234	0.128	0			415,000	-53,234
81 HSBC	419,800	52,326	0.125	47,000	6,800	0.145	372,800	-45,526
65 Goldman	602,500	75,335	0.125	321,000	44,944	0.14	281,500	-30,391
58 Qtrade	200,699	25,929	0.129	15,000	1,950	0.13	185,699	-23,979
124 Questrade	300,635	37,311	0.124	161,998	23,251	0.144	138,637	-14,060
39 Merrill Lynch	260,300	38,596	0.148	137,584	20,637	0.15	122,716	-17,959
80 National Bank	208,967	26,596	0.127	92,611	13,134	0.142	116,356	-13,462
89 Raymond James	770,000	113,100	0.147	690,500	96,202	0.139	79,500	-16,898
88 Credential	60,000	6,100	0.102	5,000	600	0.12	55,000	-5,500
59 PI	30,000	3,000	0.10	0			30,000	-3,000
14 ITG	32,000	3,889	0.122	3,300	403	0.122	28,700	-3,486
36 Latimer	32,630	4,640	0.142	5,000	750	0.15	27,630	-3,890
48 Laurentian	15,000	2,250	0.15	0			15,000	-2,250
57 Interactive	4,075	538	0.132	2,100	262	0.125	1,975	-276
28 BBS	1,500	195	0.13	0			1,500	-195
101 Newedge	1,000	115	0.115	0			1,000	-115
46 Macquarie	67	9	0.134	0			67	-9
90 Barclays	0			106	15	0.142	-106	15
96 Blackwatch	0			337	48	0.142	-337	48
62 Haywood	0			8,500	970	0.114	-8,500	970
123 Citigroup	63,448	7,929	0.125	72,500	10,512	0.145	-9,052	2,583
222 JP Morgan	0			12,000	1,362	0.114	-12,000	1,362
99 Jitney	0			19,500	2,372	0.122	-19,500	2,372
121 Jennings	0			23,025	3,337	0.145	-23,025	3,337
82 Stifel Nicholas	50,000	7,470	0.149	90,000	13,500	0.15	-40,000	6,030
53 Morgan Stanley	137,811	17,035	0.124	235,245	33,053	0.141	-97,434	16,018
13 Instinet	322,528	44,264	0.137	422,043	55,716	0.132	-99,515	11,452
33 Canaccord	89,516	12,565	0.14	419,021	50,961	0.122	-329,505	38,396
27 Dundee	4,120,000	466,664	0.113	7,200,500	838,521	0.116	-3,080,500	371,857
1 Anonymous	1,606,000	212,596	0.132	7,658,500	963,379	0.126	-6,052,500	750,783
TOTAL	27,192,401	3,476,479	0.128	27,192,401	3,476,479	0.128	0	0