For starters: the resource, location and the fact that iron ore appears to have a great future. BHP didn't want access to the island just to set up a holiday spot for their workers.
Why now? Because the Chinese are interested in everything iron ore and if you dont buy in the next few weeks I believe you might have missed the boat (and the next time you see it the boat will be full of precious iron ore and sailing into China). If PLV carry out an SPP then you might want to be in now to get access to it, or if they get a good deal with an investor in the project then the price will surge (so either way I can't ee it falling much further without the market falling considerably)
No cash? A raising is in the offing.
No plan? Doesn't really deserve a response as it is defamatory, but have a look at the announcements and Tony's comments on HC.
No nothing? Double negative...
We will get an update with the presentation at tomorrow's AGM. Hopefully there is good news on the way...
PLV Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
