caution needed

Although I see that PLA has the potential of a great recovery I would exercise caution before I dive into this head first.

The share is volatile with multiple 10%+ price swings in recent months. I am particularly concerned about technicals saying buy up to a certain price especially after 25% reratig.

To buy at 80cts you must understand the drivers of a future higher share price which I see as;

1. Improved month on month production at SH.
2. Rooderandt DFS and potential fast tracking of development.
3. Significant resource increase at kalplats.

I am becoming much more positive on prospects and will be holding through the next months to see how things develop. That however is after having seen the sp below 50cts and I would not be looking for a quick trade at 80cts as some downside may return (hope not but after 25% run on no info it is a possibility).

If wanting to get in then best is to use funds that can be locked away minimum 6 months.

BR
Max