TB, Would completely agree if I'd bought in at anywhere above 50c, they are either a very long-term hold or a disaster if you have to sell at all. But at present I think they are looking like a good buy given that most of the capital equipment is in place and paid for. Unless they do something stupid like a further large raising to pay for development of the next project (which would cause devestating dilution if at the current price), the current project should be self-sustaining soon and return some confidence. In that case a return to 40c or above could happen by the end of the year, and while not exciting for longer-tern holdes, it is attractive to someone buying in below 20c. BoA seem to agree going from the latest notice. They might even be positioning themselves to assist in a takeover bid by slowly soaking up stock while the price is suffering from a loss of confidence.
PLA Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
