PLV 0.00% 1.2¢ pluton resources limited

boardroom cleanout, page-25

  1. 46,602 Posts.
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    Hawka unfortunately the math ( among other things ) are against you - if a stock falls from $1 to to 10c its fallen 90% but it has to rise 900% to get you back to square - thats a huge task even if the total number of shares on issue remains unchanged but given that PLV will probably be looking a a billion or more shares on issue anyone with an average purchase cost above 10c is probably never going to get back to break even without risking even hefty loses by averaging down for the unpteenth time. -

    I have no idea how low this will go but sub 1c is a distinct possibility. I remember many laughed at me when it was suspended at 23c and I said it could fall to 5c on relisting - I even won a bet with Pelm on that Crystal ball gaze..


    its pretty sad but the writing was on the wall after the SS&T Showman showdown saw T/S fall on his sword (IMO) unfortunately his cameo return didnt turn things around.





 
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