Hi folks
The company stated that May is PFS time. If you accepted that earlier in the year you stayed onboard..if you didn't you sold.
2011 has been disappointing. Whilst PLV is by no means the Lone Ranger here, its fair to say its copped a beating a little more extreme than most in its class. Thats what my watchlist says.
Regardless of macro/global events the company has not helped this situation with its own failure to meet guidance and the failure to secure drill results due to delays.
Naturally the delayed PFS was, at least in part, to entertain new ideas so that in itself is a VERY good reason to delay the PFS. One I supported. And one that demonstrated the company/management was prepared to 'think' and 'possibly' come up with better options and alternatives.
A bold move perhaps, but most of us here think management are on the ball so i'd assume the team know exactly what they had to do.
However....
PLV have had extra time to 'negotiate' with interested parties....or at least prepare for it. This may not expediate the time frame of course, but it should certainly help.
What the majority of shareholders don't want to see is further delays or delayed deals...following the PFS.
The small amount SPP raised points to the fact that PLV have a shorter time period in mind. They said a deal would be done (or words to that effect..I think..) within 30 days of the PFS earlier so lets see if they deliver that.
The company now has the $$$. It has had the results for sometime. The PFS must be imminent.
Choosie I stand corrected, I commented recently that I thought you were selling PLV short re the PFS and the share price folowing that.
Now i'm not so sure....no direction...
Market aside, we need some strong developments, some strong media/reports and some demonstrated results.
Could be a massive turnaround imo within a couple of months if/when deals are done....
I might end up being a monkeys uncle...but sheesh if PLV couldn't crack $1.50 on securing finance then....
And theres still a lot of announcements to make that have somehow just......just.....
What were they again???? ;)
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