As a Tasmanian I give top priority to getting rid of them as soon as possible!
The company did not prioritise them before and stated they wanted to offload them. Recently its become fashionable to display them as assets....again.
Why would shareholders want PLV to drill them further when they were not committed to them after the initial drilling failed to really prove up anything?
Lets also look at the climate in Tassie. Do you think these are going to come through easily even if they are proved up?
I am not familiar with the areas that the Tassie assets are in, but i'm a bit of a greenie myself so happy a lot of mining projects in Tas are hard to get going.
Forget Tassie, forget Colliers Bay and focus on well developed existing assets to focus on getting the company market cap and the shareprice up.
Happy to hear others who are much more qualified and experienced than me with their thoughts....I'm interested in shareholder return and I just don't see it with Tassie assets (and Tassie is not mining friendly in some areas now...and rightfully so in some places) the company went quiet on, or other green fields assets that won't have any marked impact on the shareprice.
Longer term shareholders (I assume) want bang for buck now with all the past disappointments and shareholder wealth destruction...not more longer term projects that require more company $$$ and resources.
PLV Price at posting:
8.7¢ Sentiment: None Disclosure: Held