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.

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Comment by colt451on Apr 02, 2015 12:34pm

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Post# 23591960

RE:RE:RE:RE:RE:elr value

Poison pill defenses do not save directors from being voted out at special meetings that can be called by a shareholder with 5%, or at the next AGM for that matter.

The CEO and board know that already - poison pills only really work where the majority of shareholders support the board. Which means, these guys must already have a acquisition in mind - if they don't I'd bet they're gone within a couple months of the sale being finalized.

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