Looking at the cashflow however, the piggy bank runs bone dry in early October, has anyone asked the company how they plan to raise capital - debt, equity or a combination of the two. I would imagine they have the financials sorted one way or another. Would be interesting to see if the retail investors get a look in, I doubt it...
UMC took about 8 months from drilling commencement to JORC finalisation, those holding their breath for a 2008 JORC from PLV may be forced to wait a little longer. Outstanding drilling updates would no doubt push it along nicely, who knows how much blue sky is priced into this little red duck...
PLV Price at posting:
0.0¢ Sentiment: None Disclosure: Held