Ann: Cethana drilling update, Tasmania , page-17

you have to love the amateur hour that takes place on the plv thread, much gnashing if teeth as to why the market does not value the shares higher

instead of attacking those that preach moderation, look at relative valuations in the space and then ask yourself on a relative basis whether plv is undervalued and why, or whether it's valued "about right"

the thing about efficient markets is that relative valuation is about right, and since the story has been announced to all with an interest in the markets that these participants acting out of self interest have chosen to set the price "about right" so in the absence of a revaluation of the iron ore sector as a whole or stock specific factors changing for plv the price will stay around these levels for the time being no matter what i or anyone else says

except for a crazy bull marker retail land plays little role on setting security prices

sorry to those that disagree, i wish i could say something to make you all happy and make the price go up, unfortunately the market sets the price

42.5