Near 4 mil burnt in the Qtr and minor news is the problem here in my view, it is concerning for holders.
12 mil still in the bank but I expect a increase in costs due to the 2nd rig.
So PLV needs to get some "good news" out in the next qtr before the cash in bank is halved and us shareholders start to wonder when will they start asking for more $$$$. Id hate to see 6-7mil in the bank and nothing but a couple of drill results.
We are watching notice out to management! Please note this is my personal view ONLY!!!
PLV Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held