value stage 4 cockatoo, page-99

Insaf/CK

We want to be very careful that we don't get too caught up in pre-empting mediocrity or accepting it.

I get exactly what you both mean. We all know times have changed.

But I think we need to look at the facts as released by the company themselves.

The company chose not to do deals based on strong interest.
The company chose to not accept Timeone/SS&T last minute demands.
The company then announced another party was sourced literally within hours!!!!! (Plan B perhaps)

Thats strong evidence of interest and a deal of some description....in real time.

So back to you both:
Are you saying PLV's MC is sub 40 million after deals done to secure production on Cockatoo in little more than a month?
Are you saying that if PLV do a deal that will secure this companys future and give it cash flow (and possible upside with more IO discovery on Cockatoo) isn't worth a considerable premium to 17 cents?

Its quite ironic that my critique is actually talking up the company, the expectations around it, and its value - yet what i'm hearing is that the bar continues to be lowered here...

Am I the only one hearing this or are others here seeing quite a bit of back pedalling on the value associated with a company with options for deals to get into production almost immediately?

CK/Insaf maybe you can indicate what you think a company like PLV is worth once (not if) a deal is done for Cockatoo?

Talking MC here so we'll avoid the unreliable share price discussion.

Seems to me the way some are talking here, we will do a deal and be trading at sub 17 cents!

Using the cricket analogy, lets hope PLV aspires to have the standards and expectations required of the Australian Team and not (all due respect to Zimbabwe Team) the Zimbabwe team!