News

January 17, 2008

Eastern 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...