PLS chart, page-5647

OK, recent price action has not been to many PLS LT holders liking, due mainly to the fact that the speculative plays in this sector are white hot and we all have a bit of that keeping up with the Jones's about us. Remember, everyone is looking for the next PLS. When drill results look good (as many do) and the market caps are compared with PLS, speculative money will flow wildly into these plays. Many of the juniors who are reporting drill results have market caps of under $100 mill. Compare that to the PLS cap of approx' $9 Billion and you can see why so many have stars in their eyes.

Human nature to chase the multibaggers. Everyone has to decide what they are comfortable with. PLS will continue to see exceptional growth. Just don't expect to see the sort of gains that the non producing juniors are likely to see in the short term. IMO PLS will still double from here over the next couple of years. If spod prices come back to a lower range than what we are seeing now, PLS will be still printing cash and the others will have to tick all the boxes. That's when we will see the men sorted from the boys.

IMO, PLS is seeing some impatient holders taking money off the table and placing bets elsewhere. That is the market and who can blame them for wanting more of the same that we have experienced here. Be careful out there folks.

The sector saw a sea of green today except for us and one or two others. Yes frustrating for me also and of late, if there is a sector pullback, PLS seems to suffer just as much, if not more than the speculative plays.

The market doesn't always make sense but with time, quality stocks find their place in everyone's portfolio.