I am slightly surprised that the IER did not attempt to value either company.
Although, on reflection, maybe not that surprising due to the difficulty of preparing accurate forecasts.
The cash position of PLT remains the core issue, and is neither better nor worse than I spose I had expected.
It does appear however that the debtors are aging badly. This is something that Decan alerted us to on this board a couple of weeks ago.
I think I will sit back and let others discuss this one for a few days. If anyone has any questions in particular please let me know and I will be happy to express a view. [I may also post to respond to any inaccuracies from others, but will try to bite my tongue]
Next move from PLT is now key. I wonder what they have up their sleeve.
PLT Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
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