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.

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Eastern Platinum Ltd.

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Comment by tjw4on Jul 08, 2016 8:41am

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Post# 25034515

RE:RE:RE:RE:RE:RE:RE:Eastplats Investigates Previously Announced Transaction

Well I don't have time to look this up and come up with a case study but essentially it has to do with management on its way out signing contracts that would not normally be completed under normal circumstances.

Think of it like a mayor or political figure leaving office and signing legislation to a forestry organization to clearcut municipal land, and upon leaving office the mayor receives a job with said forestry organization. During their previous years in office they would not have signed said contracts because there would be repercussions like not being re-elected but when they know they are gone they push things through.

Like a president and his last round of pardons.

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