weekend short term trading 12th - 14th oct, page-9

Entry for STT list PLV
a FA pick. Long
PLV = Pluton Resources Ltd
PLV have just come back to active trading after 3 months off line while a rescue deal was stiched together. When PLV went off line they had just submitted a FS for Irvine Island iron ore that had a high capex that would be hard to finance. PLV have come back having aquired Cockatoo Island, an operating iron ore mine, together with an off take partner that provided finance and got 50% of Cockatoo Island. There was a large overhang on PLV - a corporate who sought to sell out that has pushed PLV down since trading recommenced. However, with this clearing and shipments from Cockatoo Island generating revenue, PLV should rise as it gets reconition as an iron ore producer with prospects for expansion at Irvine Island. There is a company poster here on HC that is very forthcoming with answers to any questions posted.