...the market cap has been decimated.

lookout for mgmt change before the yr end...

 

or sale of company

 

@ $150MM ELR is way undervalued

 

my guess...

mgmt will sell the company to save their face...

 

PGM prices will go up in 2013. this is guaranteed.

 

tech analysis wins this round...

 

they have $135MM in cash @ 928MM shares, but them at $0.145/share

 

they have to stop the cash bleed.

dec 2011 they have $250MM

dec 2012 thet have $135MM

... i would've sacked the management long time ago...

 

but here they funny part...

5 major retail investors have 12-month target price of $0.40-60... so what gives!!!

 

they only explanation i have is that this puppy will be sold very soon.

price will be less than $1.. but greater than $0.60...

 

 

$0.60 is the option price for management so it will be more than that definitely for obvious reasons.

 

LET THE FUN TIMES BEGIN...!!!