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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

Bullboard Posts
Post by VC9988on Nov 22, 2014 12:25am
360 Views
Post# 23154527

Can we trust the management team?

Can we trust the management team?The answer is no. More than decades past and more than one billion dollars have invested in this company, but no returns. Currently, the team told us they want new investment, really? Do you believe in what they said? Here is the result, after ten years, 1 billion dollars becomes 0.33billion, if we give them another ten years, what will leave? 0.1 billion? If they want to new investment instead of distribute the cashes, they need to return all the salary and bonus to the shareholders because of very bad work performance!
Bullboard Posts