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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
Comment by tjw4on Jun 02, 2016 12:06am
87 Views
Post# 24925670

RE:Any offer

RE:Any offer
Heres where we stand.

1. Current management is lying and fear mongering.

2. K2 is not hositle, but it plays into managements directive.

2. Ka an does not care about share holders, but they have provided a nice base of 1.10 for all of us.

3. We don't know KAs intention but its safe to say current management are not happy with the type of talk / offers that have happened with KA.

4. Current management, and Harrington want far more than 2.00, as they had their chance to sell at 2 and they refused.

5. K2 would likely be good with a 2.00 sale as their entry point is lower than Harringtons.


I think people need to look at this realistically. Its very likely KA wants to purchase this for somewhere between the current price of 1.10 and 2.00. Harrington clearly wants 2.5-3+, while K2 is in the middle, and thus your safest bet. If your entry point was over 2, well I think you just have to accept there is a very low chance you recoup your money, if you entry point was in the 1.5-1.75 area, well KA is likely trying to give you that, while K2 will make you a little bit of money.

So to sum it up:  play it safe with K2 and hit a double, go for a home run with Harrington and current management, or risk the strikeout and take whatever KA gives you and it might just be that you have to sell to them on the open market cause they may buy up enough shares to just tell Roziers old team to start drilling, and that is not something any of us want.
Bullboard Posts