Word on the street was that PLA's options would expire in the money...
Seems the word was wrong!
Just a couple of trading days left, then a week to exercise...so time would seem to have run out.
It would appear that "the-powers-that-be" gave PLA every chance though, with several announcements over the last 3 weeks, such as;
1. The 49% acquisition of the Kalplats PGM Project; 2. Then the 75% acquisition of the 24 Rivers PGM Project; 3. Then last but not least, a "company presentation".
It would also appear that "they" were in the market at one point...trying to help things along...but obviously found the bottoms of their pockets rather quickly.
PLA are still sitting on about $1.6m in cash without the options money, but it wont be enough for their BFS plans...so I would be expecting a capital raising (or 2) some time in the next 12 months.
Cheers!
PLA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)