So am i understanding correctly that the messenger stated something like 'management/we/I think the announcements are good'?
Then clearly they must know something we dont know regarding the raising (which is obvious), or they are deluded. IMO
I would hate to think that they are sitting around scratching their heads as to why the SP has dropped 75%.
I (and i assume others agree) dont care about return on investment for resource expansion, i care about the SP. Historically speaking, increasing of reserves hasnt been the catalyst for the SP movement.
After two major step down trading days over the last few years, i think it would take a monumental announcement to to have a reversal of fortune and have a major step up or even a prolonged steady increase. IMO
It still seems many shareholders are not selling (which is heartening), but there isnt a line waiting to buy either.
The story cant be seen to be that good.
PLV Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held