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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eastern Plat | ELR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.25 | 5.25 |
| Top Posts |
|---|
Posted at 11/9/2013 20:19 by the stinger Saikat, In any event,,, I will wait for my ZIOC shares to reach my 45p target...just hope ELR is at todays price or lower when I cash my ZIOC shares in.ELR could easily double/treble from here. The long termers in from 15p/20p/50p + have maybe lost out however getting in now with $100m cash, no debt and no value given for infrastructure, licences and resources could be worth a dabble. Excerpt from the CIBC report below... "Putting that together with the view of stronger metal prices through 2014 and 2015, we believe Eastern Platinum represents a real possible "three bagger" or even more, but only if the investor is willing to be patient." Read more at hxxp://www.stockhous |
Posted at 15/1/2013 15:33 by serge gnabry THE PIGS HAVE GOT THEIR NOSES IN THE TROUGH TIDMELR Eastern Platinum Limited: Grant of Stock Options to Directors FOR: EASTERN PLATINUM LIMITED TSX, AIM SYMBOL: ELR JSE SYMBOL: EPS January 10, 2013 Eastern Platinum Limited: Grant of Stock Options to Directors VANCOUVER, BRITISH COLUMBIA--(Marketwir The Company announced today that on January 8, 2013, stock options ("options") were granted to the following members of the Board of Directors: /T/ =------------------- Director Number of Options Strike Price Expiration date =------------------- Ian Rozier 5,000,000 C$0.19 01/08/2018 =------------------- John Andrews 3,500,000 C$0.19 01/08/2018 =------------------- David Cohen 1,400,000 C$0.19 01/08/2018 =------------------- Gordon Keep 1,000,000 C$0.19 01/08/2018 =------------------- Merfyn Roberts 1,000,000 C$0.19 01/08/2018 =------------------- Robert Gayton 1,000,000 C$0.19 01/08/2018 =------------------- /T/ The options are exercisable on or before January 8, 2018 at a strike price of C$0.19 per ordinary share. Total shares issued and outstanding: 928,187,807 -30- FOR FURTHER INFORMATION PLEASE CONTACT: Eastern Platinum Limited Investor Relations 1-(604)-685-6851 1-(604)-685-6493 (FAX) info@eastplats.com www.eastplats.com |
Posted at 24/7/2012 10:30 by gingerplant Eastern Platinum could be a good punt for the brave and/or optimistic investors among us. The Canada-based South African platinum producer has had about as good a year as most other platinum miners. But with a market capitalisation of £127.6m, net tangible assets of £549m and over £50m in cash at the end of March, it's certainly worthy of a closer look. The brokers expect a pre-tax profit of almost £20m next year. |
Posted at 20/6/2012 23:43 by utterberk I know things are bad here at the moment, but when I see a straight line down like ELR's, I instinctively extrapolate, just to see where 0p would occur, should the down days never end. With this one, it's about two months away, which suggests the trend can't possibly continue. Maybe it'll flatline before dying at a later date, maybe it'll double in a day, who knows, but I don't see investors losing money in this at a parabolic rate for much longer. |
Posted at 28/10/2010 18:40 by leedskier Mr. Ian Rozier, President and CEO of Eastern Platinum Limited (TSX: ELR)(AIM: ELR)(JSE: EPS) ("Eastplats" or the "Company") is pleased to announce the signing of a mandate letter with two financial institutions to arrange and underwrite a US$100 million corporate debt facility for the Eastplats group. The mandated lead arrangers are UniCredit Bank AG, London Branch and The Standard Bank of South Africa Limited (together the "MLAs").The mandate letter has been signed on the basis of a term sheet which has been agreed between the Company and the MLAs, each of which has satisfied their initial internal credit approval processes to proceed with the financing. The term sheet sets out detailed terms and conditions of the debt financing which include: -- Underwritten by MLAs on a 50/50 basis and not subject to syndication -- Scheduled tenor of 6 years with an 18 month grace period -- Separate term loan and revolving loan facilities -- Initial interest rate of US LIBOR + 3.85% rising to US LIBOR + 4.15% for the last three years of the loan. US one-month LIBOR currently sits at approximately 0.26%. -- No hedging The MLAs' commitments to arrange and underwrite the debt facilities are subject to final due diligence, execution of acceptable documentation and obtaining final internal credit approvals. "This is an important step in the development of Eastplats. These funds will enable us to commence our Phase 1 growth plan for our Eastern Limb projects that will double our PGM production from our 2009 levels by the end of 2012. We are delighted to be working with UniCredit and Standard Bank, with their extensive experience and credentials in global mining finance," said Ian Rozier. Canaccord Genuity Limited, London introduced and advised on the facility. Total shares issued and outstanding: 683,179,000 Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats and as such are not a guarantee of future performance. Such statements include those about the commencement of development of the Eastern Limb PGM projects, future production levels and the closing of debt facilities. Actual results could differ materially from those expressed or implied in such forward-looking statements due to factors such as general economic and market conditions, increased costs of production and a decline in metal prices. Eastplats is under no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. S&P TSX Composite Index No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Contacts: Eastern Platinum Limited Investor Relations 1 (604) 685-6851 1 (604) 685-6493 (FAX) info@eastplats.com www.eastplats.com |
Posted at 11/1/2010 17:57 by rimbo sorry guys not wishing to look stupid but have shares in Eastern and have dabbled with Jubilee. Now stuck between the two for further investments so cant make up my mind - would welcome comments from the experienced investors on this board as to the negative\positive aspects of both companies so I can make a decision? |
Posted at 17/4/2009 07:59 by mg78 FOR: EASTERN PLATINUM LIMITEDTSX, AIM SYMBOL: ELR JSE SYMBOL: EPS April 16, 2009 Eastplats Reports Record Production for the Quarter Ended March 31, 2009 VANCOUVER, BRITISH COLUMBIA--(Marketwir Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(J Crocodile River Mine ("CRM") for the quarter ended March 31, 2009. The Company produced a quarterly record of 32,969 PGM ounces, up by 13.6% compared to the quarter ended December 31, 2008, and up by 18.5% compared to the quarter ended March 31, 2008. Production statistics for the current quarter and historical quarters are as follows: /T/ -------------------- Increase Quarter ended (decrease) -------------------- Q1 Q1 Mar Dec Sept June Mar 2009 2009 31, 31, 30, 30, 31, vs Q4 vs Q1 Production statistics 2009 2008 2008 2008 2008 2008 2008 -------------------- Ounces produced 32,969 29,015 30,755 30,314 27,825 3,954 5,144 -------------------- Hard rock ore processed (tonnes) 318,394 298,514 305,490 313,767 257,748 19,880 60,646 -------------------- Development meters 4,573 4,604 5,599 5,575 4,409 (31) 164 -------------------- On-reef development meters 2,745 2,922 3,556 3,230 2,343 (177) 402 -------------------- Head grade (grams/tonne) 4.0 4.0 4.0 4.0 4.0 - - -------------------- Recovery % at concentrator 80 76 78 73 78 +4% +2% -------------------- Chrome produced (tonnes) 77,554 69,937 64,744 37,515 22,489 7,617 55,065 -------------------- /T/ Tonnage processed increased by 6.7% compared to the quarter ended December 31, 2008 which was affected by fewer work shifts as a consequence of the statutory holiday period. Recoveries improved to 80% compared to 76% in the quarter ended December 31, 2008. Head grade has remained constant at 4.0 grams/tonne throughout the past year. Further optimization of the chrome recovery plant has resulted in a 10.9% increase in chromite production from 69,937 tonnes in the fourth quarter of 2008 to 77,554 tonnes in the first quarter of 2009. "We are pleased to report on the continuing production build-up at Crocodile River Mine with a quarterly record production of 32,969 ounces. We plan to continue this trend with annual 2009 production expected to be in the order of 135,000 PGM ounces. We believe that Eastplats is meeting the challenges that face the sector in the short term and we remain very optimistic about the mid and long term prospects for the Company," said Ian Rozier. Eastplats will host a telephone conference call on Thursday, April 16, 2009 at 11:00 a.m. Pacific (2:00 p.m. Eastern) to discuss these results. The conference call may be accessed by dialing 1-800-319-4610 in Canada and the United States, or 1-604-638-5340 internationally. The conference call will be archived for later playback until Thursday, April 23, 2009 and can be accessed by dialing 604-638-9010 or 1-800-319-6413 and using the pass code 4219 followed by the number sign. The qualified person having reviewed the operating results presented in this press release is Mr. Brian Montpellier, V.P. Project Development, P.Eng. Eastplats will release its full first quarter results on Wednesday, May 13, 2009. Total shares issued and outstanding: 680,526,421 Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats and as such are not a guarantee of future performance. Actual results could differ materially from those expressed or implied in such forward-looking statements due to factors such as general economic and market conditions, increased costs of production and a decline in metal prices. Eastplats is under no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Eastern Platinum Limited Investor Relations 1-(604)-685-6851 1-(604)-685-6493 (FAX) Email: info@eastplats.com Website: www.eastplats.com OR NOMAD - Canaccord Adams Limited Ryan Gaffney +44 20 7050 6500 Ryan.Gaffney@Canacco OR JSE SPONSOR - PSG Capital (Pty) Limited Anje Gregory +27 21 887 9602 anjeg@psgcapital.com No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. -0- Eastern Platinum Limited |
Posted at 17/1/2008 19:05 by bionicdog January 17, 2008Eastern Platinum Grows Into A Take-Over Candidate By Our Canadian Correspondent With the price of platinum hovering at all time highs, the future could not look brighter for Ian Rozier and his team at Eastern Platinum as the company advances its South African assets. We have mentioned several times in the past that the Toronto/AIM and Johannesburg listed company is grooming itself as a possible take- over target by one of the platinum big boys. Well, Eastern Platinum's latest management additions and new resource calculations are certainly turning up the heat. First off, Horng Dih has been appointed as vice president finance and chief financial officer of Eastern Platinum. Horng knows a thing or two about being taken over at a premium having previously worked for Diamond Field Resources, Ivanhoe Mines, and most recently as CFO of Northern Orion Resources. To boost the prospects that Eastern Platinum can go it alone, the company appointed Brian Montpellier as vice president, project development. Between 1974 and 2004 Brian held various management positions with Fluor Daniel and other major engineering firms. He has worked on over 30 major international mining projects and has been involved in project and construction management, technical project audits, conceptual and detailed mine design and feasibility study management. Meanwhile on the ground is South Africa, Johannes Spies comes over from the AngloGold Ashanti Obuasi mine in Ghana where he was managing director to take the reins as general manager of Eastern Platinum's Crocodile River mine operations. Lying on the western limb of the Bushveld complex, Crocodile River has proven and probable reserves of 4.1 million ounces of platinum group metals, plus measured and indicated resources of 5.6 million ounces and inferred resources of 10.2 million ounces. Production and sales in the quarter ended September 30, 2007 were up 17 per cent over the previous quarter to 29,417 ounces, while operating cash costs came in at US$637 per ounce, down from US$702 per ounce. Johannes will be looking at further improving this trend. As Ian himself puts it: "These new appointments reflect the company's continued growth into a major platinum group metal producer." When all is said and done, Eastern Platinum's projects now host a combined measured and indicated resource of 66.5 million ounces of platinum group metals and another 34 million ounces of platinum group metals in the inferred camp. Eastern Platinum's share of the measured and indicated resources comes in at 57.4 million ounces, while 28.9 million ounces in the inferred section is attributable to the company. Importantly, all of this mineralization occurs in the prolific UG2 and Merensky platinum rich reefs with mineable widths. "Eastplats has one of the largest delineated PGM resource holdings of any platinum producing company outside of the big three, Angloplats, Impala and Lonmin and these new resource estimates validate our initial evaluation and subsequent acquisition of these assets," added Ian. So with Eastern Platinum now controlling a resource base of over 100 million ounces of platinum group metals, that are platinum rich, located at relatively shallow depth with infrastructure already in place, I think you get the idea why the company should be on the radar screens of the major platinum miners. Throw in the fact that there is room for additional growth on the eastern limb of the Bushveld complex at the Spitzkop-Kennedy's Vale deposit, at De Goedeverwachting, adjacent to Spitzkop-Kennedy's Vale and at Mareesburg, as well as on the western limb at the Kareespruit and Maroelabult North areas, and the future looks rather rosy for Eastern Platinum. Investors have responded to the growth of the resource base over the past couple of years by gradually bidding Eastern Platinum shares up to the C$3 mark. Rest assured Ian and his team will be looking for a lot more than that should any of the big three come looking to boost their platinum portfolios. In the meantime, it appears to be steady as it goes for Eastern Platinum and that is good news for its shareholders. |
Posted at 26/5/2007 15:58 by smilewithme The mine may cost around £36 million to bring into production next year and will be half paid for by joint venture partner East Plats.Shares Magazine 24-30 May Page 26 - Prospector - This Weeks Stocks to Watch Mining Sylvania Resources SLV:AIM 85.5p Market Cap: £130.8 million 3-Month Relative strength: 145% 1-year relative strenght: n/a The chrome tailings processor briefed institutional investors last week on plans for two new platinum recovery plants to start production in coming weeks. Two more plants and three chrome washing facilities will be developed by late 2008. Final drilling results from its Everest North platinum deposit will be released next month. The mine may cost around £36 million to bring into production next year and will be half paid for by joint venture partner East Plats, the rest coming from a mix of debt and cash from Sylvania's tailings production. Investors should be in line for dividends from 2009. FTSE 250-miner Aquarius Platinum (AQP) has signed up for metal from Everest North. |
Posted at 08/5/2007 23:13 by rambutan2 good to see the opportunistic mr rozier make his move on the smelter front - if you've got it, flaunt it?OT/ignore: "The best thing for investors is to play Northam through Mvela Resources," said Mark Smith, an analyst for RBC Capital Markets in London. That's because there's a big chance Northam minorities will be severely diluted when having to pay for Mvela's booty of growth assets... |
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