december 2011 qtly report

If PLA's reporting pattern continues then we can expect to see the December 2011 quarterly report released to the market on 31 January, 2012.

Given the importance of the rights issue to PLA's economic survival, I would have thought at it would be prudent to release a postive report prior to the closure of the right issue on February 1 2012 thus giving an incentive for shareholders to excersise their rights. The flip side also applies, a negative report, with shareholders still subsidising mining operations at Smokey Hills, may impact negatively on the SP and one can expect PLA publish the quarterly on the latest allowable date.

The above is speculation, PDYOR.