Eastern Plat Share Discussion Threads

[energiser01] 07/1/2010 00:31

Thanks gozo - looks like interesting situation developing as we head towards end of Jan then.

Canadians seem very keen, 20m traded today. May see some consolidation of platinum price around 1500-1510 next few days. Still bottom line profits should be increasing very nicely.

dyor etc..

[leedskier] 06/1/2010 16:40

But yes, dual listed shares are ISAble...I traded it back in 2007.

I really like this share.

[leedskier] 06/1/2010 16:37

It is in my Pension Fund SIPP...

[gozo] 06/1/2010 16:34

leedskier - this is isable if you want to keep the cgt down.

[gozo] 06/1/2010 16:32

energiser - they updated for last quarter of 08 on 26/1/09 - i would guess we will get a production report in a couple of weeks.

[leedskier] 06/1/2010 16:31

yes very nice day...

time I wacked some more money into this...

[gozo] 06/1/2010 16:27

At this rate we wont be in the 60's for long!

[rimbo] 06/1/2010 16:24

Jumped ship from JLP this afternoon to ELR as liked the charts better - I am impressed !

[energiser01] 06/1/2010 15:10

Platinum above 1500 and still climbing.....

Anyone know when we are due an update ?

dyor

[energiser01] 06/1/2010 13:46

Competion for platinum assets and explorers in SA coming from Japan now as well.

Japanese firm enters into third SA platinum venture.



dyor etc...

[energiser01] 05/1/2010 09:49

More good news.

NEW YORK - ETF Securities said that a financial firm has bought 100 000 shares of its proposed first-ever US platinum exchange-traded fund (ETF) and delivery is scheduled by the end of the week.

The initial purchaser was Susquehanna Capital Group, which is also the lead market maker, ETF Securities USA said in a filing with the U.S. Securities and Exchange Commission on Dec. 31.

The purchase took place Dec. 30 with delivery expected about Jan. 8, according to the filing.

Susquehanna also bought 100 000 shares in ETF's U.S. palladium ETF, the filing said.

ETF Securities USA is wholly owned by London-based ETF Securities Ltd.

On Dec. 22, the SEC approved a proposed rule change to list and trade shares of the Platinum and Palladium Trusts proposed by London-based ETF Securities.

Analysts anticipated a rush of investment dollars into the platinum and palladium markets if the SEC gives its final nod.

dyor etc..

[energiser01] 04/1/2010 08:48

UK car production rising for 1st time in ages and Platinum trend looking good, about to breach 1500 shortly (demand rising including jewellry, industrial, auto sectors and looking strong Vs pressure on Gold) Gold /Platinum ratio reducing down to 0.75.

The case to get the other mines into production gets better everyday. Would like to see a positive update from the company to get this really moving.....

dyor etc...

[energiser01] 22/12/2009 15:52

More good news and demand for platinum......

Platinum Frenzy grips China.



dyor etc....

[leedskier] 02/12/2009 20:33

I have been trading it too, sold a couple of weeks ago, before travelling. Re-bought last week on my return. Very nice share.

[somfawa] 02/12/2009 15:42

yes, watching closely, in at 40p then out at 51p, back in at 45p

[gconvery] 02/12/2009 15:27

Breaking out again....matching the rise in Platinum...nice ;-)

Anybody else watching this one, it's very lonely here albeit lucrative!

[gconvery] 23/11/2009 15:36

Nice and quiet here and the price rise continues....tidy!

[energiser01] 19/11/2009 08:31

Reminder

Top of the list for any Chinese acquisitor would be a company not requiring an injection of cash to top up finances and which had significant production, with more projects on the way to boost the production profile in the years ahead. Eastern Platinum fits the bill with the cash in its kitty, its other two projects, which are also in the Bushveld Complex, and its resource estimate. It also has one of the lowest costs of production in the PGM sector, a proven management team and a chief executive who knows his way around the capital markets of the world when project funding is the name of the game. There are few such opportunities around and if a bid materialised it would be interesting to monitor the relationship between Chinese management and South African mining unions.

I think we may well see some 10 to 20% investment to get the other projects into production quicker as demand rises and price continues to increase.

dyor etc...

[gconvery] 18/11/2009 13:40

Continuing its breakout...glad I bought... ;-)

[energiser01] 13/11/2009 09:42

I think the results look very positive, if you can turn a profit in this climate, looks very promising going forward.

Eastplats earned $1,84-million in the third quarter, compared with a $10,89-million loss ago, and also an improvement from a $317 000 profit reported for the second quarter.

"We are pleased to report three consecutive quarters of profit in 2009 during what has been a very difficult period for the sector that has seen the global economic downturn, exchange rate and metal price volatility, and an industrial strike action at Crocodile River mine and throughout South Africa," CEO Ian Rozier said.

dyor etc.

[gconvery] 12/11/2009 15:32

Breaking out....ISAable....could be time to buy!

[doobydave] 25/10/2009 23:22

, if it proves true, won't do the PGM sector any harm - but especially those who mine UG2.