I hate to sound alarmist but this is an unbelievable market we are in at the moment. One that we may not see again in our lifetime.
Yesterday, I pointed out an approach that is being taken by a few companies lately, given the significant change in mkt conditions.
CLU's Chairman's address in particular, is one that springs to mind.
Thinking out aloud, it might be time to maybe consider a possible merge with someone who has more cash to ensure our survival before it's too late. Either that or someone with deep pockets that takes an equity stake in PLV ala AQD. I
I really think it's more about survival now rather than proving up a JORC. Alot of iron ore explorers with decent projects will fail as the market will decide who stays and who goes similar to the dot com boom and bust. I just want to ensure we are the ones that has the money and goods to stay.
Thoughts anyone?
PLV Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
