Eastern Plat Share Discussion Threads

[rambutan2] 31/10/2006 23:30

cheers DD,

came across this today - hadn't realised that sylvania were aim listed...


Everest North Project


On 21 September 2006, Sylvania announced that it had signed a Letter of Intent
with Eastern Platinum Limited (Eastplats) with the objective of establishing a
Pool and Share Agreement on the Everest North and Mareesburg properties
respectively. These properties are contiguous and cover a geologically discreet
PGM resource. The combined Everest North and Mareesburg resource is similar to
the Everest South deposit of Aquarius Platinum Limited in that it is an outlier
from the main area of the Bushveld Igneous Complex.


Previous work at Everest North has outlined an Inferred Resource of 4.2 million
tonnes grading 5.87 g/t (Platinum, Palladium, Rhodium and Gold), containing
796,000 ounces of PGM's.


The drilling program currently in progress on Everest North is intended to
define a Measured Resource of UG2 ore. To achieve this, the drill-hole collar
spacing interval has been set at an average of 200 meters. By the end of the
quarter, boreholes VH1 to VH7 had been completed with deflections to give three
reef intersections per borehole.


All of the Sylvania boreholes have intersected well developed UG2 reef. The
average reef thickness is about 1.42 meters with the narrowest intersection
being 1.21 meters and the thickest being 1.42 meters. The intersections have
shown a full UG2 package with no internal pyroxenite waste. It is also pleasing
to note that the reef intersections are robust with good top and bottom contacts to competent country rock. These properties augers well for the future mining of the UG2 mineralisation at Everest North.


Borehole cores have been logged and photographed before being split
longitudinally and subject to SG determination. Samples have been sent in for
PGE and base metals assay; at Genalysis (Perth, Australia) and results are
awaited. Preliminary structural modeling of the orebody has commenced using the
new information from the current drilling program, in conjunction with
historical data from previous exploration.

[doobydave] 31/10/2006 15:24

Bit today more for Rambutan:

October 31, 2006

Eastern Platinum Limited: Infill Drilling of Kareespruit Section at Crocodile River

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2006) - Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR), and Chairman of Barplats Investments Limited ("Barplats"), is pleased to report that an infill drilling program is to be conducted on the Kareespruit section of the Crocodile River Mine ("CRM") Platinum Group Metals ("PGM") producer in South Africa. The Kareespruit section comprises an area of approximately 5 square kilometers located immediately adjacent to and west of the Maroelabult section of the CRM, being an on strike and downdip extension of the UG2 reef currently being mined at the Maroelabult section of CRM.

Thirteen diamond drillholes were put down at Kareespruit during a previous exploration program conducted by Impala Platinum Limited as part of their original valuation of the CRM property prior to Zandfontein and Maroelabult being put into production. Of these holes, ten intersected consistent UG2 reef at predicted depths of between 323m and 814m below surface. These data were used by Camden Geoserve ("CG") to prepare an Independent Technical Report dated April 2005 and by RSG Global in their Independent Technical Report dated January 2006. CG documented the following resource estimates for the UG2 at the Kareespruit section;

- Indicated Resource of 2.42 Mt at an average grade of 4.75g/t (5 PGE+Au) for 0.37M PGM ozs.

- Inferred Resource of 13.11 Mt at an average grade of 5.12 g/t (5 PGE+Au) for 2.16 M. PGM ozs.

- A further Inferred Resource of 1.5 Mt at an average grade of 5.36 g/t (5PGE+Au) for 0.275M ozs for the Kareespruit extension section area updip from Kareespruit.

- The metal contributions or 'prill splits' for the 5 PGE and gold assays at Kareespruit are; Pt 49.7%, Pd 21.6%, Rh 8.1%, Ru 16.6%, Ir 3.5% and Au 0.5%.

- As reported by CG, these resource estimates include a "conservative" provision of up to 45% for geological losses (Indicated 30% and Inferred 45%).

The quality of the reef intersections and the average grade suggests significant economic potential of the PGM resource at Kareespruit and warrants further definition drilling. The proposed program is an infill drill program designed to place the PGM Inferred Resource at Kareespruit into the 'Indicated' category in order to enable a pre-feasibility study to be undertaken, and will comprise 27 holes with a total estimated drill length of over 15,700m. As there is no surface property or structural geological boundary to the northwest (downdip of the Kareespruit section into the Maroelabult North section), drilling may be extended downdip to the north and west with the objective of evaluating the continuity of the UG2 reef to a maximum depth of 1000m over the strike length of approximately 5000m.
The Kareespruit section has the potential to be developed into a significant PGM resource and is one of several other potential resource blocks that are known to exist on the CRM property.

"Kareespruit is just one of several resource blocks at CRM that Barplats will be evaluating in the near future with a view to bringing them to account. With the consistency of the reef intersections and grade across the property, the potential exists to develop a very large PGM resource base to be mined at CRM, and importantly, at relatively shallow depths," stated Ian Rozier, Chairman of Barplats.

Eastern Platinum Limited trades on the TSX and AIM stock exchanges under the trading symbol ELR.

The qualified person having prepared the contents of this news release is Mr. Ian Rozier, B.Sc.(Hons), M.Sc., P.Eng.

[rambutan2] 30/10/2006 23:27

DD, thanks.

i must admit that i thought it all looked a bit too good to be true. which doesn't really tie in with the share price action.

in any case, i'll watch the presentation with interest.

[doobydave] 30/10/2006 23:24

PS. it was on on 22 Oct. Looking again now, it has disappeared. Interesting.

[doobydave] 30/10/2006 22:41

I saw it was on a shorting list. A poster from the Stockhouse First Majestic BB was pointing out FR's like status a few days ago, and I happened to notice that Eastplats was similarly afflicted.

Rozier's a bit on the Blair/Cameron side for my liking, if you know what I mean, but he seems to have done an outstanding deal with Barplats. Not only did he pick up platinum at $2/oz (all categories) but Kennedy's Vale has huge synergies with Spitzkopf. Then there's Mareesburg as well.

By all accounts the rehab of Crocodile River is going very well. So far so good. Reading between the lines of various articles, more news may be on the horizon but we'll see.
DD

[rambutan2] 30/10/2006 22:23

no, as i haven't really done my homework yet, but it looks interesting to me. and plenty of cash. no trades on aim though. why hasn't it done better since the acquisitions happened?

[doobydave] 30/10/2006 22:16

So you have some of these, Rambutan?

[rambutan2] 30/10/2006 18:23

presenting tomorrow...

[wassapper] 22/10/2006 10:14

Eastern Platinum Confirms That Its Acquisition Of Barplats Investments Is Now Paying Off

Eastern Platinum, the Canadian listed company focussed on platinum group metal on the Bushveld Complex, showed a fleet turn of foot earlier this year when acquiring a controlling interest in Barplats Investments. Prior to this its two assets were the 87.5 per cent owned Spitzkop project and the 75.5 per cent owned Mareesburg project which are both on the eastern Bushveld. Barplats took it several steps up the ladder towards chief executive Ian Rozier's aim to be a mid-tier producer as it owns the Crocodile River mines on the western limb of the Bushveld and the Kennedy's Vale project on the eastern limb of the Bushveld immediately next door to Spitzkop. Crocodile River had been re-commissioned using traditional mining methods and includes the Maroelabult and Zandfontein mines and the Crocette deposit... more ..

[doobydave] 20/7/2006 07:55

:)

Thanks Ashley for the folk wisdom. Ramping, though?!?! Cheeky blighter.

For what it's worth, Eastplats is one of my smaller positions but I do view it as a very interesting punt. Rozier et al. can't be accused of lacking ambition and to date have pulled off deals most commentators - including yourself, I suspect - would have thought them incapable of. No?

Actually I admire the Barplats deal which I think is very savvy from a company-building point of view. I'm too short of time to elaborate right now, but if challenged I will later. Up to you.

This is now crunch time - can they really operate their assets at profit?

Good to see you're still around. The boards haven't been the same lately!
David

[mr ashley james] 20/7/2006 03:03

David, not everything with the words Platinum in is a good investment.

If you do not know the Company Directors and who the broker is and what they do to earn their money you probably should not take the position IMHO.

Trading stuff like this fine, investing erm, not so certain.

BTW Ramping/Deramping does not matter either medium to long term bluntly.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[doobydave] 19/7/2006 23:15

Here's a bite to chew on:

.

And here's the , if you've got a moment to read 366 pages!
DD

[tee man] 30/6/2006 10:08

Looks like it's going to be 14th July now.

[thomas11] 17/6/2006 14:55

I also contacted the company about readmission last week and I got the following response.

"Hopefully - on or around June 22-25th."

so heres hoping !!

[wassapper] 09/6/2006 07:56

I contacted Ian Rozier earlier this week. AIM interpreted the transaction in such a way (reverse takeover) that a full readmission was required. They are working on it and he is hopeful it willbe sorted "soon".

[tee man] 02/5/2006 12:10

Acquisition now completed suspension over soon I guess.

[schober] 27/4/2006 09:20

anyone know whats going on?
why are we still suspended on aim but noton the tsx?


15/02/2006 1:00 pm TEMPORARY SUSPENSION OF TRADING ON AIM
Trading on AIM for the under-mentioned securities has been temporarily suspended
from 15/02/2006 1:00 pm pending the publication of an admission document.

anyone seen this document?
phoned the nomad they think thatr trading will resume in 2/3 weeks once the cash is out of escrow!! suspensiion is all due to different rules on aim and tse!!!
have to say im a wee bit underwhelmed by our stringently regulateed stockmarket

[tee man] 30/3/2006 10:08

Up 11.6% on the TSE at C$1.44 =71p

Suspension lifted soon?

[schober] 29/3/2006 19:14

Eastplats Announces Completion of $150,000,000 Financing
Financing was fully subscribed for gross proceeds of USD 130 million and the Agents exercised their full over allotment option resulting in aggregate gross proceeds of USD 150 million

The underlying securities will be subject to a hold period of four-months under Canadian securities laws

[schober] 16/3/2006 19:47

104,000,000 Subscription Receipts at $1.25 per Subscription Receipt, for gross proceeds of $130,000,000

hold period of not longer than four-months. Each Subscription Receipt entitle the holder to receive, one unit (a "Unit") of the Company comprised of one common share of the Company and one-half of one share purchase warrant. one whole warrant exercises to 1 common share at $1.80 for a period of three years.
over-allotment provision of up to 16,000,000 additional Subscription Receipts

Proceeds of the Offering will be used as follows:

• To pay $27.7 million to the Shareholders, being the cash component for the Acquisition.

• To further develop the Zandfontein and Maroelabult mines at the Crocodile River Mine ("CRM") complex; involving estimated expenditures in the order of $60 million over two years.

• To upgrade the CRM beneficiation plant by the reinstallation of a second mill and the construction of a second Dense Medium Separation ("DMS") unit, at an estimated cost of $10 Million.

• To conduct confirmatory infill drilling and exploration drilling on the CRM property in order to upgrade resource classifications and to increase the resource base, at an estimated cost of $5 million.

• To complete the feasibility study at Mareesburg with the objective of commencing production in 2007.

• To conduct confirmatory metallurgical and geotechnical testing at the Spitzkop and Kennedy's Vale ("KV") projects.

• To conduct an integrated feasibility study to determine the most efficient approach to the exploitation of the very large PGM resource at the Spitzkop and KV projects (see News Release dated February 15th, 2006).

The balance of the proceeds will be applied to costs of the Offering, working capital, issue costs and for general corporate purposes. The Company currently has over $25 million in working capital.

so, shares out go to 209m or 292 fd!!!!! from 105m & 136m

[talltalk] 25/2/2006 16:54

Ianwc

I am a frequent and appreciative viewer of your various posts and threads.

To have an opinion on specific stocks does not mean ramping or deramping.

You obviously have an interest in the whole scene which is beneficial to others overall when used responsibly.

With best wishes

tt

[talltalk] 25/2/2006 16:38

DoobyDave

Thank you for responding. I presume that this is an offering of shares where numbers and or price have not been pre-set.
I have not met the term subscription rights before although it is possibly self explanatory.

tt

[ianwc] 25/2/2006 14:25

I have decided to stop posting on bullentin boards. I think perhaps there could be some question about the morality of me running a site for investors, and at the same time posting on boards for investors. The last thing i want to do is give anyone the impression that I am ramping or deramping any stock simply by my appearence and/or comments on any one stock.


I wish you all the best in the future.


I have also asked ADVFN to convert all of my PBB's to read only. Apologies for the inconveinence.


Regards,


Ianwc
www.proactiveinvestors.com

[doobydave] 23/2/2006 12:44

Could you be a bit more specific about which aspects are you finding difficult to understand?