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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eastern Plat | LSE:ELR | London | Ordinary Share | CA2768551038 | COM SHS NPV (CDI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.25 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 5.25 | GBX |
Eastern Plat (ELR) Share Charts1 Year Eastern Plat Chart |
|
1 Month Eastern Plat Chart |
Intraday Eastern Plat Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/5/2015 | 16:27 | Eastern Platinum - profitable producer, hidden gem | 516 |
| 02/9/2013 | 20:04 | eastplats 2011 recovery play | 43 |
| 19/11/2010 | 21:13 | valuation | - |
| 08/2/2007 | 14:52 | Eastern Platinum - profitable producer, hidden gem | 1 |
| 18/12/2006 | 21:32 | Eastern Platinum | 92 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 11/11/2014 23:10 by gingerplant Leedskier – the last accounts showed cash of US$87m as you say along with $6m in other current assets.Non-current assets amounted to close to US$440m, with total liabilities of US$32.35m. So cash now of effectively c.$312m presuming the deal goes through. Do you know if there’ll be any non-current assets left of any significance after the sale? Or are we basically looking at a cash shell of around US$285m NET – versus the current mkt cap of CAN$156,863 (which is US$138m) at CAD$ 1.69 – so roughly £1’s worth of cash value for 48p per share equivalent? |
Posted at 09/11/2014 09:28 by leedskier It has US$87 million in cash.If the deal closes it will have US$300 million and no liabilities. There are only 92.64 million shares in issue. Clearly its present market cap (even after doubling on Friday) of CAD$85.79 million is on the light side, and I trust in due course the share price will move up. If it can leverage that large sum buying assets at the bottom of the market (at least I hope it is the bottom), there could be a remarkable turn around here. |
Posted at 08/5/2014 08:19 by giant steps RNS 8th May 2014Plans to delist from aim Expected last day of dealings 19th June 2014 |
Posted at 11/1/2014 14:03 by 4sta Nice pick up in volume and rising share price in Canada recently. The small cap miners over there have had a relatively good couple of weeks, let's hope it continues and follows through onto AIM miners.Think the Canadian line of this went up 10% on Friday, to about 5.75p in Sterling terms, so hopefully this will rise Morning too, in line. This was once (may still be) Canada's largest PGM (platinum group metal) producer. Listed on AIM, TSX and possibly JSE. According to latest report still has over C$85m of cash and equivalents (liquid and held in Canada), against current mkcap of circa £40m. Over 80 Moz's of PGM's in its 4 properties (you do the calculations @ USD$1430/ounce roughly). Keep in mind we think gold resources of only 5 moz's are v.large!! Share price has been over 100p in past, now about 4.5p, with no dilution during this period that I am aware of. Shallow platinum properties (from memory). Has been reporting huge losses, but large chunk of that is impairment charges - non cash item(which most majors have been reporting with reduction in metal prices, e g precious metal prices). Good platinum prospects according to industry veterans such as robert friedland (at ivanhoe mines). ELR's operations are mostly suspended at the moment pending further recovery in Platinum price, labour relations resolution, favourable rand/dollar exchange rates. Share is highly illiquid, so will likely move quickly when it does. Do your own thorough research before trading - this is just meant to be a brief overview for any newbies here. source of above: Company website and most recent interim/final statements. |
Posted at 21/10/2013 16:10 by the stinger GingerPlant, I honestly believe that currently the market only knows what the rest of us know to date, no more & no less. I believe they knew more than us PI's back in March when the share price was at 12p ish. At that time it was not public knowledge that CRM was to be put on C&M however the market got to know it and thus the share price fell to 6p.Right now the share price has fallen to 3.75p on II selling only, all other facts are in the open. Similar to when ZIOC was at 18p then a big fall to 10p followed by a rise to 25p, with ZIOC the fall from 16p to 10p was down to II's selling out their final holdings. Once the II's sell out their final holdings in ELR I can see a rise back to 6-7p (as per my post 505). Following on from then its all about the price of PGM's and starting prod again. Risky punt here but hey,,,they have cash, assets and a product in demand. |
Posted at 19/10/2013 07:32 by the stinger Boystown - It is,,,on the basis they can get production going again with decent margins. And if not then some value still exists at this share price They have the cash to wait it out and are currently valued at 50% discount to cash alone, there is no EV put on their infrastructure and resource assets, work it out!. Reason for the huge discount to cash - big seller on the TSX, however the seller has a buyer. Once out we may see 6-7p again i.e. cash levels. Patience required here however there's still risks and they could even just sell up which I doubt after spending $300m + up to now. If they pull it off this could easily 3 bag,,probably 5 bag with a better platinum price at say $1800-$2000. Long term with decent platinum prices & demand along with labour issues sorted you could see this at its NAV +,, 10 bagger.. Not out the question unless its taken out first. |
Posted at 11/9/2013 19:29 by the stinger Shaunstar, you need to read through some history - try reading back through below, you get some crazy posts however ELR have a strong following on the TSX.hxxp://www.stockhous |
Posted at 11/9/2013 19:19 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 11/9/2013 06:21 by the stinger shaunstar - simple really, trading below cash ($100m), no debt, $500m of infratructure, platinum in ground and ready to mine when SA relations/price of PGM improves. May even be taken out prior too. Am looking to take a position myself soon as elr looks very undervalued, nil premium given for assets at all! and they invested $500m or so,,,thats without the platinum in the ground. |
Posted at 26/8/2013 09:49 by 4sta This was once (may still be) Canada's largest PGM producer.Listed on AIM, TSX, JSE. In most recent report - still has over C$100m of cash and equivalents, against current mkcap of circa £45m. Over 80 Moz's of PGM's in its 4 properties (you do the calculations @ USD$1530/ounce roughly currently). Share price has been over 100p in past, now about 4.75p, with no dilution during this period that I am aware of. Shallow properties (from memory). Has just reported huge losses, but large chunk of that is impairment charges - non cash item(which most majors have been reporting with reduction in metal prices, e g precious metal prices). These can later be re-valued back up using certain accounting conventions. Operations mostly suspended at the moment pending further recovery in Platinum price. Share is highly illiquid, so will likely move quickly when it does. Messages such as RIP (serge) therefore may just be a little premature here, take a closer look!!! Do your own thorough research before trading. source of above: Company website and most recent interim/final statement. |
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