The Diggers and Dealers presentation was very positive, and provided it is not misleading in any way, points to potential substantial growth for the company.
I think that PLA must be acutely concious and embarresed by management issues in South Africa and that is why they appointed what appears to be a highly competant Operations Manager, although I would have preferred to see him based on site rather than in a capital city.
Whilst South Africa has deteriorated as a country in which to invest ones funds, I do not believe the Government is entirely foolish and I doubt whether the PLA resorces (or any other non strategic resources) ill ever be nationalised.
I suspect that the South African assets of PLA may be for sale to generate funds to develop Panton and I suspect there may be Chinese takers at the right price. If this is not preempted by a take over offer.
Of course all this is pure speculation but I am quite encouraged about the future of PLA and am now a buyer rather than a seller.
PDYOR
PLA Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
