Eastern Plat Share Discussion Threads

[leedskier] 28/10/2010 21:10

Ok bionicdog...

seems strange given the way this performs, summers aside, that it does not attract more support from ADVFN users...

[bionicdog] 28/10/2010 18:47

There's only us two on here mate. You don't have to copy and paste it , just acknowledge it. :o)

[leedskier] 28/10/2010 18:40

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 [phone]

1 [phone] (FAX)

[e-mail]

www.eastplats.com

[bionicdog] 14/10/2010 16:16

Good stuff. Now bring on that bid speculation again.

[leedskier] 14/10/2010 13:06

TIDMELR

Eastplats Reports Record Production for the Quarter Ended September 30, 2010
FOR: EASTERN PLATINUM LIMITED

TSX, AIM SYMBOL: ELR
JSE SYMBOL: EPS

October 14, 2010

Eastplats Reports Record Production for the Quarter Ended September 30, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) - Mr. Ian Rozier, President and CEO of Eastern
Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats") is pleased to report record production from the
Crocodile River Mine ("CRM") for the third quarter ended September 30, 2010.

CRM produced a quarterly record of 37,798 PGM ounces, up 23% compared to the quarter ended June 30, 2010 ("Q2
2010") and up 26% compared to the third quarter of 2009.

Production statistics for the current quarter and historical quarters are as follows:

/T/

=--------------------------------------------------------------------------
Increase
Quarter ended (decrease)
=--------------------------------------------------------------------------
Q3 2010 Q3 2010
Production Sept 30, Jun 30, Mar 31, Dec 31, Sept 30, vs. Q2 vs. Q3
statistics 2010 2010 2010 2009 2009 2010 2009
=--------------------------------------------------------------------------
Ounces 37,798 30,820 30,531 34,000 29,986 6,978 7,812
produced
=--------------------------------------------------------------------------
Run-of-mine 362,042 297,186 304,309 321,393 244,959 64,856 117,083
tonnes hoisted
=--------------------------------------------------------------------------
Run-of-mine 357,219 290,028 290,854 321,983 280,777 67,191 76,442
tonnes processed
=--------------------------------------------------------------------------
Development 3,299 3,202 2,812 3,254 2,882 97 417
(meters)
=--------------------------------------------------------------------------
On-reef 1,797 1,573 1,931 2,135 1,562 224 235
development (meters)
=--------------------------------------------------------------------------
Stoping units 50,892 50,573 51,760 55,153 36,263 319 14,629
(square meters)
=--------------------------------------------------------------------------
Head grade 4.0 4.1 4.1 4.1 4.1 -0.1 -0.1
(grams/tonne)
=--------------------------------------------------------------------------
Concentrator 81% 80% 78% 79% 78% +1% +3%
recovery from
ROM ore(i)
=--------------------------------------------------------------------------
Chrome sold 100,023 76,677 75,846 85,347 76,900 23,346 23,123
(tonnes)(i)
=--------------------------------------------------------------------------
(i) Head grade and concentrator recovery have been rounded to the nearest
tenth and percentage point, respectively.

/T/

Production reached a record as a result of a significant increase in run-of-mine tonnes hoisted and processed
(up 22% and 23% respectively compared to Q2 2010), and an increase in concentrator recovery to 81%.

The focus for the third quarter was mainly on quality of mining whilst replacing previously terminated
contractor crews. A revised sweeping standard, together with the higher stoping units and on-reef development,
contributed positively to the 22% increase of run-of-mine tonnes hoisted. Off-reef development also increased
by 3% compared to Q2 2010.

Chrome sold also increased to a quarterly record of 100,023 tonnes in Q3 2010, up 30% over Q2 2010.

Mine development at Crocette has continued during the quarter.

"CRM's record quarter was a result of our operations becoming more streamlined, as evidenced by increased
tonnages and improved concentrator recoveries. We look forward to further production increases, as well as
production from Crocette, which we expect will come on stream and contribute ounces within the next 12 months,"
said Ian Rozier.

The qualified person having reviewed the operating results presented in this press release is Mr. Brian
Montpellier, P. Eng, V.P. Project Development.

Eastplats will release its full third quarter results on Monday, November 15, 2010.

Total shares issued and outstanding: 683,163,211

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.

[leedskier] 24/9/2010 20:21

Sarah, pop over to my new BIP thread.

[sarahbudd] 23/9/2010 12:01

thx. suffering at the mo with TAN & NXT. Not 2 of my better choices!

[leedskier] 13/9/2010 19:44

Hi Sarah, sorry to be so late in replying. I only visit if there is news. Yes I am still here.

[sarahbudd] 08/9/2010 11:26

Are you still here leeds? Am looking at getting in........

[floppyhat] 02/9/2010 18:49

Because to make a lot of money, you have to spend a little first. Jam today merchants hate that.

[smith99] 31/8/2010 09:53

I am still confused to why the fall when the news was so good ?

[bionicdog] 13/8/2010 08:16

Don't be daft , the volume over here is inconsequential. The price is set by the action on the TSE overnight.

[smith99] 13/8/2010 08:12

Couple of really bad drops over the past two days after the release of very good news, Hmmmmmm, very low volume too - perhaps the MMs are manipulating the price and trying to get some cheap shares, Hmmmm. Answers on an e-card to .... lol - GL2A

[leedskier] 04/8/2010 20:49

News must have reached Toronto. This is flying there tonight!

[leedskier] 30/7/2010 09:17

Anglo American CEO: Platinum Seen In 200,000 Ounce Deficit This Year
The global supply of platinum is expected to fall 200,000 troy ounces short of demand this year, the chief executive of Anglo American PLC (AAL.LN) said Friday.

Cynthia Carroll said demand recovery in Platinum Group Metal has helped bolster Anglo American earnings in the first half, buoyed by jewellery and industrial demand for the precious metal.

[floppyhat] 18/7/2010 13:32

Well, how about this bit of news? How's this for relevency?



The paragraphs I liked best were these ones:

"Shepherd said the impact on Eastern Platinum and Anooraq Resources would be negligible and Northam Platinum would also be little affected, at least until the new Booysendal mine came on stream."

"Platinum prices are likely to rise further as a result."

[bionicdog] 17/7/2010 10:56

Not relevant to ELR specifically.

[floppyhat] 16/7/2010 20:34

Not exactly relevant? What's inside your catalytic converter, then? Don't tell me you think the jewellery industry is underpinning the platinum price.

[bionicdog] 16/7/2010 18:24

Not exactly relevant is it? As a long term holder , I don't appreciate these desperate posts cheapening the thread.

[floppyhat] 09/7/2010 12:52

The dude who bought the half million chunk yesterday sure thinks so.

[hamza8] 08/7/2010 21:12

is this a good buy at the current pirce lads

[floppyhat] 08/7/2010 15:09

Big trades on the London exchange today in ELR. An attempt at concealment perhaps.