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

Comment by Trappist1on Apr 15, 2014 3:41am

253 Views

Post# 22451110

RE:RE:RE:Why not do a share buyback?

I do not want that the company uses it precious cash to speculate against their own share price, that is the job for investors, fund managers and hedge funds.

If they have a strong view on the market and see the current ELK stock price as a bargain, they should/could buy back own stock, cancel these shares as this would be value additive.

On the contrary, buying own stock to dump later again on the market (and cause stress then) is just a short term one-off.

Trappist

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario