Hi Snout, i'm currently out of PLA being in @ A$0.13.5c and out @ A$1.82, nothing whatsoever wrong with the company whatsoever it's just I decided to switch the majority of my portfolio out of equities into physical gold as the markets started to roll over. I'm not comfortable with the market as a whole at the moment and want to see the derivative losses booked at 'fair value' and put on the balance sheets of the banks so I can see the extent of the problem out there so it's really down to a risk/reward scenario.
That said I do like to hunt down 'potential' 10x-20x multibaggers and for that in general you have to look towards the smaller cap stocks and find potential that others have yet to see as with PLA when nobody wanted it. My most recent addition in Oz is ticker ASX:PIO.
I'll be back into PLA once I see the Smokey licence and feel more comfortable about the market/economic conditions as a whole.
Cheers
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
