downward movement, page-2

Hi folks

Deltafive this is very disappointing on a number of fronts.

Momentum wasn't maintained following all of the recent significant announcements and developments.

Capital raisings look like being at the level they were 12 months ago.
Different market. Different company. Further (substantially) developed. Economically robust operation as the resource stands right now.

40 cents or thereabouts is not a good reflection on management.It really is a poor result and a confidence sapper for some shareholders i'm sure. Particularly with the improving global climate and the strong outlook for iron ore.

Thats the bad news.

I'm sure PLV/Tony are very aware and mindful of the state of the company and its share price and its invisibility to the wider market and its ugly sister/poor man status amongst its clearly much favoured peers.

The media company's efficacy at this point is debatable. Share price movement would primarily be concerned with private clients of Austock and Investec I would think.
This may sound harsh as clearly they have been 'out there'
I did say however once I heard a media company was onboard (before any releases) that I hope they make connections as to why PLV isn't where it perhaps should be.
Glossy little articles relaying predominantly cut and pasted releases from companies should not be paid a premium for imo. High school kids can do those.
I am yet to see anything that rocked my boat or strongly differentiated PLV from its peers released from the media crew.
No apologies I might add for my view on this.


I much prefer good news and its this...

Yes we know $$$ have to be raised. Its a commercial reality. We cannot blame/chastise or point the finger at a developing company on the brink of much better developments. After all, we all invested in PLV knowing its opportunities...and challenges. Its a high risk situation.

The capital raising will add further market cap to an already retreating share price.
I don't like that mix (particularly since the argument for its valuation could be more aligned to the 'new' MC once additional shares have been issued)....but..

The developments following this may well mean PLV gets considerably re rated following the developments most of us here are well and truly aware of.

Tony/PLV will look after its shareholders. Make no mistake about that. I think some here might think that selling and then buying shares might be a good strategy.
It could be...then again..

However those people do not know the detail (i'm assuming) of what a capital raising might entail. Attaching options for example (as much as I don't want further dilution it would be attractive)might be the honey.
As far as placements go the upcoming one should be a sound position to accumulate more.It has to be.

Based on this companys obvious long negotiations with end users and the deliberate strategy not to sign any deals while building the resource (BIG TICKS FOR THAT)its possible the company is timing any finalised agreements to follow soonafter any placements to shareholders coinciding of course with continued positive drill results and 'that' 200MT 66% magical number.

Tony 'still' maintains, am i'm suggesting its not all past tense, that 2010 will be a big year for PLV. Ok so it could be MD spin of course, and no doubt on the year to date the company has done some excellent things.
I get the impression he knows before the years out PLV will be adding much more to those developments.

I eagerly await the details of this capital raising or debt facility. The market has sent a clear message that it is waiting.

Its time to announce the details and get on with proceedings before we erode anymore of the current shareprice or market sentiment.

If a decision has been made it needs to be announced.

Sometimes immediacy/direction/leadership is required...the importance of the 'current' shareprice is a KPI that perhaps is not as keenly maintained/recognised by the company...as being 'that' important at this stage in proceedings.

Perception is everything in this market. And to this point, great developments aside, the company has demonstrated it is in no hurry to finalise 'some' negotiations that may ironically be the very catalysts for a share price re rating....as clearly delineated in the recent broker reports.

As always i'm strongly supporting the company, management and the resource.

Lets keep the critical feedback, and this thread constructive folks.