Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 FreedomFun55on Aug 18, 2016 11:43am
102 Views
Post# 25154338

RE:RE:Consider this...

RE:RE:Consider this...
Some of the quotes are the exact same from the Q1 & Q2 Financials. Here is the same word for word from the Q1 statement (4.1 Outlook) "Additional funding will be required to bring the Project into production, and to bring the rest of the Eastern Limb projects (including Spitzkop and Kennedys Vale) into production, and such funding may include a financing package, joint venture or other third party participation in one or more of these projects, or the public or private sales of equity or debt securities of the Company..." I agree Golden, if it goes the way you suggested we are all screwed. I just don't believe that all the other shareholders without the potential "Hebie or whoever" agenda would go for this. What's the point of holding shares if they will be basically worthless (new directors options included). These assets are still worth a lot more than the current share price. AND I'm guessing voter turnout would be very high if it is against a scenario where were all getting screwed... LETS face it, anyone who would actually want to buy all of these assets is banking on much higher PGM prices in the future & if that's the case the only way they will really profit is if they own the company outright. Who the hell wants to inject millions of $'s to run a mine & maybe +/- break even... The REAL payout comes if you own the works & PGM's skyrocket - At least IMO... For the 100's of millions of $'s previously spent by Eastplats - these assets are a steal at the made up +/- $2+/share numbers we are praying for... again IMO, which obviously the open market doesn't support - lol...
Bullboard Posts