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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 Snoinamon Feb 23, 2017 3:09pm
94 Views
Post# 25884694

RE:RE:RE:Cash, what cash?

RE:RE:RE:Cash, what cash?Seriously consider selling and get whatever you can. I bought ELR about a year and a half ago at about $0.40 and watched the stock triple to almost $1.20. Then the new BOD came in and the price dropped. I sold out at about $1.10 but have waited for a reason to buy back in because this company has some great assets, imo. But this BOD is selling off all the assets for cheap. The previous BOD warned all shareholders about the incoming BOD and how they have sold off all valuable assets in all their previous endeavors. These guys ride a stock all the way down to 0 and are in the process of doing it again. Seriously, get out now and try ANYTHING else. I believe this company will file for bankruptcy within the year (by Dec. 2017, probably sooner). 
Bullboard Posts