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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 Jul 09, 2016 9:02am
85 Views
Post# 25037869

RE:Minority payment

RE:Minority paymentThe issue with what you said is that everyone is in this stock for the explicit purpose of a big dividend or payment for our shares. WIthout that the company is just a big ponzi scheme.

So that kind of is a very important part of any sale, that the money goes directly to shareholders, and not to cash flow of east plats. Especially given that if ELR were to run to 0 cashlow, I am pretty sure everyone would vote to liquidate the company and divide the money to shareholders.

I agree KA would like to buy it for 1 cent, so would I, but that isnt going to happen so thats irrelevant. The bottom line is we want a sale, or sales that result in cash in our pockets, not in ELR, so any sale that is contrary to that, is not in the best interest of shareholders.
Bullboard Posts