Eastern Platinum Ltd. T.ELR

RE: Thanks PUNJABI

[PUNJABI]

UBS is still buying. The quantity bought till now is too small. 10 m shares from a float of 928m shares has no meaning. At this time it looks a small accumulation. What is their objective we cannot figure out from a few shares that they are buying. Maybe they want to buy lot more I have no way of knowing. Form their buying style it looks like simple buying a speculative position. They may have a position too we do not know. These things are hard to figure out.

I do not buy the something is cooking theory from the market action because there is no evidence of it. It is one buyer only when you have something going on then there would be lot of buyers with spike in share price.

I do not understand this genius how he came up with the price of $.09 because the stock is trading at that price.  When according to him the cash on hand is projected to be $.11 / share. The company has balance sheet footing of $774 m that is around $.83/ share. We know that there will be some write off still these assets cannot of negative value. They have got to have some market value.

 

At $.011 / a share they still have around $102m in cash. They are not going bankrupt soon & they can use that money for some profitable option. At $.09 price it is a takeover target for any large company or even for an investment bank to take over use some of the cash to pay out & sell its assets. The company has a breakup value, which is much higher than the present price.

 

 

House Positions for C:ELR from 20130422 to 20130503

 

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
15 UBS	9,875,005	798,783	0.081	221,500	19,912	0.09	9,653,505	-778,871
27 Dundee	83,080,200	6,786,229	0.082	79,142,110	6,450,826	0.082	3,938,090	-335,403
79 CIBC	3,603,144	303,167	0.084	1,566,768	143,365	0.092	2,036,376	-159,802
85 Scotia	2,849,138	236,131	0.083	1,528,667	130,418	0.085	1,320,471	-105,713
2 RBC	2,420,323	207,472	0.086	1,508,023	127,425	0.084	912,300	-80,047
19 Desjardins	983,400	82,642	0.084	494,700	43,167	0.087	488,700	-39,475
101 Newedge	483,500	39,705	0.082	0			483,500	-39,705
80 National Bank	685,137	61,406	0.09	245,930	22,002	0.089	439,207	-39,404
39 Merrill Lynch	395,564	35,413	0.09	5,500	452	0.082	390,064	-34,961
7 TD Sec	6,786,084	551,138	0.081	6,438,596	546,960	0.085	347,488	-4,178
33 Canaccord	264,783	23,400	0.088	41,213	3,314	0.08	223,570	-20,086
9 BMO Nesbitt	1,329,700	113,801	0.086	1,121,685	99,867	0.089	208,015	-13,934
58 Qtrade	187,600	14,675	0.078	41,050	4,084	0.099	146,550	-10,591
81 HSBC	242,000	18,825	0.078	161,000	13,360	0.083	81,000	-5,465
123 Citigroup	67,424	5,731	0.085	20,000	2,100	0.105	47,424	-3,631
99 Jitney	125,000	10,875	0.087	85,500	7,965	0.093	39,500	-2,910
22 Fidelity	45,500	3,870	0.085	9,000	810	0.09	36,500	-3,060
62 Haywood	300,000	24,750	0.083	275,000	27,000	0.098	25,000	2,250
88 Credential	13,000	1,190	0.092	12,000	900	0.075	1,000	-290
28 BBS	51,000	3,835	0.075	50,000	4,000	0.08	1,000	165
74 GMP	400,000	36,000	0.09	400,000	36,000	0.09	0	0
57 Interactive	2,200	188	0.085	3,000	267	0.089	-800	79
96 Blackwatch	0			844	68	0.081	-844	68
25 Odlum	0			1,000	85	0.085	-1,000	85
54 Global	0			2,000	180	0.09	-2,000	180
72 Credit Suisse	0			2,500	225	0.09	-2,500	225
46 Macquarie	0			15,000	1,300	0.087	-15,000	1,300
53 Morgan Stanley	0			21,000	1,670	0.08	-21,000	1,670
124 Questrade	483,170	39,996	0.083	567,070	48,674	0.086	-83,900	8,678
13 Instinet	376,500	32,832	0.087	469,264	41,556	0.089	-92,764	8,724
36 Latimer	2,550	236	0.093	152,000	13,760	0.091	-149,450	13,524
14 ITG	33,937	2,721	0.08	289,047	25,847	0.089	-255,110	23,126
83 Mackie	0			502,200	43,646	0.087	-502,200	43,646
65 Goldman	18,908	1,690	0.089	603,100	47,169	0.078	-584,192	45,479
89 Raymond James	340,000	26,820	0.079	3,707,500	282,025	0.076	-3,367,500	255,205
1 Anonymous	4,720,000	404,403	0.086	20,461,000	1,677,525	0.082	-15,741,000	1,273,122
TOTAL	120,164,767	9,867,924	0.082	120,164,767	9,867,924	0.082	0	0