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Eastern Platinum Limited T.ELR

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  ELRFF

Eastern Platinum Ltd is a platinum group metal producer. It acquires, explores and develops platinum group metal (PGM) properties located in various provinces in South Africa.
Price: $1.55 | Change: +$0.02 | %Change: +1.31%
Volume: 26,925 | Day High/Low: 1.55/1.52 | 52 Week High/Low: 2.17/0.65
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0 stars

RE:RE:RE:Block trades

If you honestly look at it, the price should be holding at 2.25 or 3.11 as someone put it, and not at these levels.  Deal going through at this rate ensuring a slow fall in stock price, and buy in...read more
1 star

RE:RE:Block trades

Two large crosses today. Large institutions setting up their clients move to the takeout value. The short position is miniscule and if no sugnificant implication.  rate and reply
0 stars

RE:Block trades

You should also check the short report, buggers have made dough and disappeared like a fart in the wind :-)  rate and reply
0 stars

Block trades

2 massive block trades this year totalling 3m in shares.  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Preparing for next stage up

I think that's a given: paying $250million out for platinum reserves that will just stay in the ground isn't a very good return on their investment. The Chinese are buying up huge amounts of...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:Preparing for next stage up

Yes the whole BEE issue might cause problems, but the Chinese do know about it. It's even mentioned in the Management Circular. The reason why Management bought out the majority of it's BEE partners...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Preparing for next stage up

mtsuit-just to add to the CIBC report: From miningmx.com (Oct.24, 2014 article) Commenting on Blue Ridge, Nel said: "Blue Ridge remains non-core to Aquarius and it will continue to assess all...read more
0 stars

RE:Wait and see

I was hoping to average down to current price and thereby increase my profit levels. Not one person has a clue of what is happening.....So I am just NOT AVG down, would be stupid to average down and...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:Preparing for next stage up

I bet if the Chinese agree to restart the mine, there will not be a problem with approvals.  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Preparing for next stage up

Very interesting: I hadn't known that. Wonder why it didn't get gov't approval? Maybe just incompetence and wasn't deliberate. Zuma just came back from China: be very strange if they didn't follow...read more
0 stars

Wait and see

If you look at the volume of shares after the Shareholder's meeting on 5-Feb, it's been very quite. Except for the 3 days around the meeting (18million volume) the volume has been very small. So the...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:Preparing for next stage up

WarthogARJ wrote: Where have you see that? CIBC research: "As previously noted, the SA Government needs to approve the deal, and with its increasing focus on Black Economic Empowerment and...read more
0 stars

RE:RE:RE:RE:RE:RE:Preparing for next stage up

Where have you see that? I would be surprised if any of that was a show-stopper. The biggest issue was the settlement of the BEE interests: and that's done. The outstanding conditions are: - Minister...read more
0 stars

RE:RE:RE:RE:RE:Preparing for next stage up

Some people see risk in the South African deal review process.  rate and reply
4.5 stars

RE:RE:RE:RE:Preparing for next stage up

I think this is a great arb play; I was just in CFN as an arb play on a takeover there that was trading at a 40% discount to the deal price.  I am not sure why there is a huge overhang here; I am...read more
3 stars

RE:RE:RE:Preparing for next stage up

It seems as though the progression towards fair value has begun. Short term profit taking is now out of the way. We could over take $2 quite quickly and then more progressuvely, final fair value.  rate and reply
1 star

RE:RE:Preparing for next stage up

Not unreasonable. Except that we dont know if Zh bought any shares. A cash rich comparable would be T.QLT with over $200 million in cash. It trades just above its cash level, while awaiting a...read more
0 stars

Now what?

  rate and reply
0 stars

RE:Preparing for next stage up

My feeling is that it's Zhongbo (or their proxy) selling off the shares they bought before the deal was announced. They can buy up to 10% before it's declared. And that would have helped ensure the...read more
3 stars

Preparing for next stage up

You cant help but notice the block crosses and the way the share price is walked down to do so. What looks like selling pressure is actually funds and institutions setting up their favored clients...read more