I doubt they are going to be cash positive in June Qtr.
The best result be no cash erosion, but they did commission two new loaders, at what cost?
Either way PLA is in halt and we have to wait, but I think the resumption will be ugly.
As who would really buy this story at this point in time?
Unless JL can pull a rabbit out, unfortunately to date the only magic he has shown, his the ability for shareholder value to evaporate, to the point we stare in amazement how it was done.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held