so in your opinion if they continue producing this kind of production results they will unlock that value? I would hate to burst your rosy inflated picture and point out the fact that they could empty all the resource at this rate without making any cent, and share holder will continue to subsidise the operational expenditure black hole, that's the fact!
Another fact is that it took 3 years for the management to react to this production performance issue tell much about what kind of people manage this company. As far as management style showed they are very passive....forward planing almost not exist in this company. I would not beleive anyone would be stupid enough to sign a contract out without performance & and penalty clauses attached. Management only react when the company was brought to its knees.
It would be premature to jump to conclusion that PLA has turned the corner and put to bed these issues base on past experience because the same people still at the steering wheel.
Well with the current cash in hand not too long before we will see PLA on the market again with cans in hand not cash in hand as your rosy projection.
For record I have said before at the time they tried to fund raising at 18c and 12c I have said why anyone would wana buy into that when their can get it on the market for 10c and then 6c and it did. 2c-3c price tag was saved by just a small margin had the company not released the news update to calm the market.
Do you beleive the 10c support line now is something solid?
PLA Price at posting:
10.5¢ Sentiment: None Disclosure: Held