Also it doesn't appear to be a strike, as PLA previous announcements relating to industrial action, has been mentioned in the trading halt announcement.
Can't be production target non performance, as they have be non performing for the past two years.
The last quarterly was very upbeat on mining production in the first month of the June quarter. Normally PLA don't reveal any progress reports. i can't really see the wheel falling off during the month of May.
The selling down trend commenced from late January so if an whiff of bad news was about i would have thought more volume dumping would have been evident prior to this announcement.
Takeover would be a nice surprise.
But the bad news these guys have handed out to current longer term holders has been a real test of patience.
Surely we deserve one good whooska announcement? Is that not too much to ask??
PLA Price at posting:
43.5¢ Sentiment: None Disclosure: Held
