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 26, 2013 8:50am

178 Views

Post# 21304836

205.9m shares traded on all exchnages

The data in my pervious posts only covered the trades that were executed on TMX or TSX. In Canada there are other exchanges too were ELR trades. In the last 6 trading days from April 18, 205964873 ELR shares have traded that is about 22 % of the float. The issue is that vast number of the shares traded is crosses & if truly the float is being washed & true capitulation has taken place.

The investors that are out right selling at these rock bottom prices have capitulated. Not too sure about the crossing. It could be more of housing keeping & repositioning & taking advantage of these low prices in term of taxes & future returns etc.

I have seen a lot in stock market & the most important lesson that I have learnt that you cannot take anything for granted. When you think you have seen all you will come across another situation with a different twist. In all the noise, confusion & panic usually there is destruction of wealth. But in this chaos & pain for most shareholders there are sometimes in certain cases opportunities to make money too. I cannot say much for the long term shareholders with much higher cost of shares. I have a problem thinking & forecasting in long term. But at these rock bottom prices for someone willing to take risk & manage his exposure has a chance of speculating & making some money. When you put unrealistic targets then you may have problems. Fast money will take what the market will give.

Close Prices From April 18 all exchnages in Canada
Date	Ex	Sym	Open	High	Low	Close	Chg	Total Vol
4/25/2013	T	ELR	0.07	0.08	0.07	0.08	0.005	20,072,466
4/24/2013	T	ELR	0.085	0.085	0.07	0.08	-0.01	4,826,589
4/23/2013	T	ELR	0.09	0.09	0.06	0.085		42,450,603
4/22/2013	T	ELR	0.105	0.11	0.08	0.08	-0.025	66,118,373
4/19/2013	T	ELR	0.11	0.115	0.105	0.11	0.005	2,571,350
4/18/2013	T	ELR	0.115	0.115	0.095	0.105	-0.01	69,925,492 Bottom of Form

		Total volume all exchanges in Canada from April 18-25						205,964,873