I thought the shares were fantastic value multiples of where we are now.
But I give no recommendation here except to research.
Seems broker/analyst reports thought they were too....and where exactly are the 'new' reports that were coming out months ago to renew valuation fact and assumptions...?
Things have changed...but not that much when one looks at what has been gained/acquired. The resource grows.
Cockatoo goes from being a mere camping ground to a production opportunity.
Cockatoo is clearly much more than it might appear perhaps.
The old adage sell in May and go away (as another poster here has mentioned already) and the looming tax loss season merely magnifies the delays (some might use other wording for 'delays'...) we continue to experience.
The MD gave a glowing 8/10 for Irvine recently. And enlightened us on a lot of positives here (as MD's generally tend to do) But with PLV you either believe or you don't. I'm in the former.
Plenty of great arguments for both points of view - hence one of my reasons for acknowledging the views and opinions of the negative view here.
You cannot overlook historical fact and the things that have happened here and the things that have failed to eventuate.
Inline with the MD and his 8/10 big tick for Irvine i'm giving my critique out of 10 on the following:
Timeones professionalism -10/10
Timeones opportunistic timing 100/10
Timeones ethics (no comment)
Timeones ability to follow through on time with negotiations: -40/10
I have been very generous with the above as I do not want to look like I am unfairly rating Timeone.
I hope that helps :)
PLV Price at posting:
22.5¢ Sentiment: None Disclosure: Held
