PLA 0.00% 6.7¢ platinum australia limited

platinum to break $1400, page-13

  1. 401 Posts.
    I'm not expecting a run over $1 yet, I think JFCP will continue to sell into any strength.

    Even if we did get a positive announcement now, I still believe that any rally would be temporary as JFCP have probably 6 mil share left to offload and I just think we would repeat the patten of trading that occurred after the Soros announcement.

    I would be very happy if PLA did release some good news now as I think it would draw JFCP out faster and then buying pressure would return to the price by Christmas.

    Contrary to what above may imply I am very bullish about this stock But I am very happy with how things stand right now as I am very keen to buy more.

    How I see PLA today
    Increasing price in Platinum
    Increasing Production by company
    Reliable management
    Developing future resources
    Share price effectively capped by large shareholder selling out for last 4 months.

    This all yells great opportunity to me.

    I notice since I started typing this the market has opened and we are up but I will stick with my theory for now :)DYOR
 
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