re: Ann: Proposed merger of PLA with Jubilee ...
Having been a holder once or twice I am relieved I am out of this stock.
But I must say what a complete and utter screw up. How can you take a working fully capitalised mine and processing operation and go broke ??????
Blame the South africans ? Blame the weather the ground, Allah perhaps?
No what this was was complete mismanagement of operations on the ground. These things need strong accurate management. The PLA management was clearly too inexperienced to get this going properly.
Now we have a situation where the ASX has lost a promising money spinner to foreign interests for PEANUTS no doubt. What a bargain for Jubilee.
What a disgrace that our own venture capital providers could not pull the cash and expertise together to sort this out instead of pushing more dodgy floats out in Laverton or something.
Disgusted
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
