Eastern Platinum Limited. JSE: EPS

Eastplats shares

Background of Eastern Platinum

  • Based in Vancouver, Canada, Eastern Platinum Limited is a platinum group metals (PGM) company with assets on the western and eastern limbs of South Africa’s Bushveld Igneous Complex, which holds an estimated 80% of the world’s platinum supply. Eastern Platinum historically operated four PGM assets in the complex, including the Crocodile River Mine, the Kennedy’s Vale project, the Spitzkop project and the Mareesburg open-pit project.

  • Due to instability in the mining sector and weakness in PGM pricing, the company made major decisions to preserve capital, including the shutdown of Mareesburg and Kennedy’s Vale in 2012 and the suspension of operations at Crocodile River. All of Eastern Platinum’s projects are currently on care and maintenance.

  • Eastern Platinum shares are available to buy in a dual-listed structure on the Toronto Stock Exchange and the Johannesburg Stock Exchange (JSE). The live online stocks chart shows a substantial reduction in Eastern Platinum share price, reflecting the company’s significant strife and reluctance to buy Eastern Platinum shares.

Eastern Platinum Shares Growth Driver

  • Following a steady history of profitability, Eastern Platinum’s performance has struggled to the fall of commodity prices and the economic downturn, with the company recording a substantial operating loss of US$148 million in 2014. The company managed to rebound in 2015, reducing operating losses to around $30 million.

  • The company is currently seeking buyers for its mines, and in 2016 reported that Chinese campany Hebei Zhongdheng Tianda had agreed to buy the mothballed Crocodile for $50 million. The transaction was touted as leaving the group well capitalised and positioned to investigate the commencement of operations at its other projects, particularly as the platinum price started showing signs of improvement.

  • Shortly afterwards, dissident shareholders succeeded in a takeover coup, with six candidates from Ka An Development ousting the incumbent directors. The newboard plans to conduct a detailed review of the company’s care and maintenance programme and potential strategic alternatives, including the proposed transaction for sale of Crocodile River. There is currently no assurance that conditions will improve enough for Eastern Platinum to resume production at its projects or register any sustainable performance.

  • If operations do begin, then Eastern Platinum hopes to deliver around 100 000 oz of PGMs per year.

Eastern Platinum Investor Tip

  • Eastern Platinum share price has shown some signs of improvement in 2016, but with operations at a standstill and no concrete action plan in place moving forward, investors who buy the shares shouldn’t expect to see much return on investment. Eastern Platinum shares are an extremely risky purchase today, and investors would be far better served by investing in larger mining companies in the platinum sector, which are better able to withstand the economic and trade pressures.

Eastern Platinum Major Shareholders

  • Sector

    Materials

  • Industry

    Metals & Mining

  • Sub industry

    Precious Metal Mining

How to buy Eastern Platinum Group Shares

  • Eastern Platinum : How to buy Eastern Platinum Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Eastern Platinum Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Eastern Platinum Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Eastern Platinum Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Eastern Platinum Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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<a href="https://www.sashares.co.za/eastplats-shares">Credits: SA Shares™</a>
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