Independent expert reports could be regarded as little better than the Ratings agencies expert opinions leading up to and during the GFC. They are paid for by the party involved - how independent is that? The deal WAS in Timeone,s favour - face it - we were a price taker at the time.
& broker reports are always best case scenario - 12 months in the future, blah, blah, blah.
I think the share price at present is merely a factor of supply and demand.
There is no demand. And why?
Until Timeone stump up the next approx $20 mil I don,t Think you can say we have a "financial backer ... secured". There has already been a delay with Tranche 3. Let,s see Tranche 4 in the bank & then I will feel a hell of a lot more comfortable.
No other factors from the infamous PFS have yet to be resolved. You always tell us you can only trust ASX announcements. Well we are waiting on
Reduced opex Reduced capex The REAL mine life Enviro approval for Irvine Cockatoo deal to be finalised and approved etc Mining license.......
Attend to these and we will see demand grow. It takes time.
You are right in that the story keeps getting better - that is exactly what you want from a company that is fast approaching the change from explorer to developer.
I,m holding and looking for momentum to start building..
All the best PLV,ers
PLV Price at posting:
21.6¢ Sentiment: Hold Disclosure: Held