It (68-84.5) demonstrates the liquidity dynamic perfectly.
Trouble is now that if you sell (and we have evidenced this here recently)you risk missing the upside.
Thats the thing with PLV. My last buy was on 68 cents, I watched it go to 74 then back to my buy price. Many sold and took a profit.I didn't particularly want to buy at 68 cents as i'd missed an earlier purchase by a miniscule .005 10 cents earlier...and paid the price. Can't go wrong taking a profit...but you can miss the opportunities that come with staying the course....and making the $$$ without the multiple trade scenario.
Who knows what the share price will do next week? I don't! Could be anything...either way....though one would think it is headed higher.
The strong technical indicators at present would have a lot of new players interested strictly on that technical criteria alone. If the technicals remain intact, many of them will stay for the ride...the ride might be years...it may be months..or less...
Tony/PLV have had to eat some humble pie (share price wise) for sometime now having ridden the wave of success early in the companys history when the share price rode all the way to $2.50...on a much smaller resource and 50% of Irvine at that! Having experienced both extremes, it will be interesting to see how PLV 'manage' this now things are lining up. Imo the current scenario is an opportunity to get this company out of the 'cents' range for good and into the $ regions....where it belongs I might add.
I see current movements as the appreciation of where the share price 'should be'...and..should have been some time ago.
For me these levels are still ridiculous..and i've been saying that for a long time...not conveniently recently while things have been moving up.
I still think we are assuming too much to think the end user/off take agreement announcement could be Monday....and frankly I don't care as long as value is being added and the share price heads North.
If the announcement is Monday, then early trade may be frenetic as if there is a leak, as some here seem to think, some 'may' rush in to take a position for a quick trade or final position 'before' an agreement is entered into.
For me I am not waiting for 1, 2 or even several announcements.
I am waiting for the recognition that comes with share price valuation once many of the expected developments come to pass...particularly imo in the next 4-5 months.
Add a stronger market to these fundamentals (as we are seeing) and the technical strength and you have some serious upside.
Thats the game i'm playing here.
We will see how it pans out ;)
PLV Price at posting:
76.1¢ Sentiment: None Disclosure: Held
