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Eastern Platinum Ltd. T.ELR

Alternate Symbol(s):  ELRFF

Consumer Cyclical Metals & Mining Industrial Metals & Minerals
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 GoldenDilemmaon Dec 23, 2016 12:36pm
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Post# 25640474

RE:RE:RE:RE:RE:RE:RE:Who is scooping up all the +/- $0.43 - 0.44 Shares

RE:RE:RE:RE:RE:RE:RE:Who is scooping up all the +/- $0.43 - 0.44 SharesThe lawsuit demonstrates this. Current management better have a defence made of gold (no pun intended). The suit does not even address the shareholder issues - it simply is speaking on terms of bad conduct regarding the share purchase agreement. On those grounds alone, the company will have to be quite transparent with respect to their intentions as everyone (including HZT) was locked out of having a single clue WTF was going on... yet, all the votes were in favour (suggesting collusion IMO, but this is not part of the HZT suit as it has no relevance to them). 

So, this strengthens a case that KA's hand is weakening. How are they gonna defend this??

Plus, an unsucessful private placement closure is quite telling.

Now ELR sits with yet another botched board. The story remains: assets are still there. Who gets em...??? If there are any vultures out there. 

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