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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 GoldenDilemmaon May 01, 2017 1:21pm
141 Views
Post# 26187756

RE:RE:RE:Fun & Games

RE:RE:RE:Fun & GamesTime frame is irrelevant because they have the assets and have the option to do many things with them.

Furthermore, they had access to ELR treasury which they have paid themselves with and burned through.

Criminal charges are not going to happen. What have they done that is criminal? There almost certainly was collusion between Harrington/Daniel Guy and the KA entity, but where is the proof?

Now, to pursue a class action is not going to happen because nobody is paying for it. A fight between Hebei and ELR does not benefit you or any retail shareholder. Nor does a fight between Alpha and ELR.

So, KA/ELR/directors make out to the hills at the expense of everyone. At worst, a slap on the wrist from regulators via a cease trade.

https://www.engineeringnews.co.za/article/on-the-air-28042017-2017-04-28

Here's a bit more info in this article. Very telling what he mentioned about chrome. Look more into the chrome stuff going on in SA right now. No coincidence Diana Hu is controlling CGH Industries simultaneously which sells scraps back to China. Perhaps my logic is incorrect here, but, if CGH is buying from ELR (and who is deciding what prices? could be very undervalued) and CGH is then selling back to China for more suitable prices... there is your money laundering, and there is Diana Hu making bank.

And, again, with the short term fluff fighting over the assets.. doesn't matter. If she wants to sell them in 10 years, she can. Point is: these are not risks any retail shareholder should be taking on with the stubbornness of hoping for 300%+ over current price via a white knight showing up and buying these assets. All of this looms with the risk of a cease trade happening at any point. You're risking everything for the incredibly low odds of a sale being realized. 


Bullboard Posts