As a former PLV holder having originally bought in at 60 cents but eventually sold out at 37 cents in Apr 2009, PLV is back on the radar.
Why, because my major holding is in CDU. When I bailed out of PLV I moved the proceeds into the CDU nearology play, GBZ and primarily GBZ options, on the basis of nearology and some spectacular SAM results...2 million of them, actually.
Sadly, I have learnt my lesson and that is to focus on stocks that have actually found something, like PLV. GBZ hasn't and my options, exercisable on 30 June, are looking very, very sick. Luckily, on the other hand CDU looks like it will deliver a substantial resource upgrade, very soon.
Having learnt my lesson from Tony "PLV is for the long term, not for young buck traders" (well...old buck traders too) I will be looking to diversify my CDU capital gains and PLV may well be a beneficiary.
Of course, disregard all of the above in the event of PIGS default, China meltdown, BP oilslick spreading worldwide or North Korea declaring war on the world.
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