PLV 0.00% 1.2¢ pluton resources limited

plv and the small miners campaign

  1. 4,327 Posts.
    Hi folks

    A question/s for MD/Tony

    I note that the newspapers this morning are stating that small miners are considering protesting and advertising against the mining tax.

    Is there really any other choice for the small miners Tony?

    With an election not too far off this would appear to be an opportune time to continue the campaign and draw attention to the fact that Gillard struck a deal with the big players with a quick fix in mind.
    From my relatively uninformed position that hardly seems a typical 'Labor' initiative/approach to not look after the 'little guys' relatively speaking.

    Heres hoping PLV makes a stand with other small miners against the Gillard tax!

    On another note, despite PLV's progress we still appear to be struggling - like a lot of other companies of course, but perhaps not quite going along as good as we could if the market had much idea about what the company is doing, what it has, and how it may be situated.

    The company doesnt have a prominent profile.

    With a new media company onboard, broker reports on the way, drilling updates on both Cethana and Irvine, shareholders would be hoping for a much better second half of the year.

    Would it be unreasonable to suggest that by years end Cethana will have JV partners/free carried interest in place?

    And with the flagship project, it seems inevitable that we may end up with a further doubling of the resource if drilling to date is any guide by the end of the year.
    Would PLV be looking to secure offtake/JV arrangements if that size resource was identified, or is it in PLV's best interests to delay any agreements and maximise the resource size by continued drilling?

    If so by delaying any deal, if cash is required, what will/may the company do to ensure maximum benefit to the company/shareholders?

    I've noticed your comments re shareholder issue at discount as an option (in conjunction with other arrangements)
    But what if the company needed 'x' amount of $$$ to ensure drilling to prove up a larger resource?
    Would PLV think twice about a premature JV/offtakes to enable shareholders to raise a small amount of $$$?

    The last thing shareholders want to see is dilution in this market and with PLV lack of profile or market interest, however if it was demonstrated to be in the best interests of 'shareholders' (note not necessarily 'the company'- an important differentiation there Tony as you would know;)then it may be something current shareholders might be in favour of.

    PS Cethana and Irvine drilling how is it progressing and when generally speaking could we expect to hear about the results?

    Thanks Tony

 
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