Ann: Cethana Assay Results , page-12

Hi folks

I'm not criticising PLV on Cethana results at all...just commented on what is a pretty vague announcement.
Sounds like the company are onto a 'potentially' great prospect.
Cannot criticise PLV for going ahead with it.
I commend them on it in fact.

I'll add i'm content that Tony is not posting here while things are heating up. My comments are not about that.

Main game is Irvine obviously...management deemed Cethana worthy and based on drill results that was/is warranted. They know what they are doing.

Cannot expect 'every' announcement from PLV to be excellent...although the majority have been in that category lately.

My concern was and continues to be the expanding differential between great announcements on company results; winning awards, several major resource upgrades multiplying the resource, 2 positive broker reports, end user strong interest, infrastructure availablity (loader) 'next door' etc etc etc and we 'continue' to go nowhere re the 'share price'.

Its my ONLY concern. And its warranted. You can be a great supporter of all concerned at the company, acknowledge ALL of the developments...but...at the end of the day the company is judged/valued by its share price.

AFL nearly lost 2 time Geelong premiership coach Mark 'Bomber Thompson several years ago due to him nearly being shown the door...because of poor performance.
The club rallied together (like a lot of teams do) and did a review. From that review came new understandings and acknowledgements of what could be done better:- what needed improving.
They got their act together and won 2 flags.

Somewhere along the line PLV is falling short. By Tony's own admission i'm sure he would (and has) stated disappointment at the share price.

Lets not side step that in the endeavour to spoil a good story....or to appease a great bloke and a progressive and highly promising company.
PLV is an EXCELLENT story. One i'm incredibly bullish about (no buy recs from me though folks;), but lets call a spade a spade.

Its why I encourage 'other' points of view here...even considerably negative views. Balance is required.

Stocks mindlessly ramped one way go nowhere. PLV are building credibility and I believe the beginnings of a good 'brand'.

Shareholders should be questioning the current state of the shareprice.
Questions should be raised on 'how' capital will be raised...particularly since the market 'to this point' has NOT responded to what amounts to on the surface at least, COMPANY MAKING news.
More 'possible' dilution to a flat retreating share price for a misunderstood company should be questioned.
Tony has taken these comments onboard.

The 'she'll be right mate' approach might be ok for some but it can send a passive message to a company.
Tony and PLV enjoy STRONG support from most shareholders and those of us here who represent a small sample on this thread.

Lets not blindly accept shareprice underperformance though....i'm sure PLV management don't.

Theres been plenty of promising drill results from companies that went nowhere (I should know I invested in a few;)
A common thread was a retreating shareprice and a market that 'misunderstood' the company.

Not saying PLV is one of those companies. I think Tony/PLV have demonstrated plenty to suggest they are fair dinkum.
No worries on that front. They are the real deal. I took plenty of time before I decided to invest here then accumulated further.

I'm saying share price speaks volumes of where a company is at...and where its going.
PLV, like other companies isn't immune to being 'labelled'...its lagging its peers. Some are multiples of PLV yet no closer to production.
Why is that?
Answering that question is the start.

And folks, at the end of the day, its just one opinion from a small shareholder...and one happy to stay well and truly invested in PLV :)