pla profitability, page-2

su27dvr...it is a long story so you really need to dyor.

However in a nutshell PLA hasn't been hitting anywhere near the desired 20koz per quater for the past two years.

Various reasons, but mainly workforce and workforce contractor didn't deliver, in turn management didn't deliver. The contractor has since been sacked and there is a new contractor on board (JIC) who appears to turning this ship around.

March qtr showed imo very encouraging signs, recent updates suggests June qtr is benefitting from those signs.

HC concensus would be looking for approx 13koz to 16koz, which would be double previous efforts.

the seller is most likely quantum fund (soros).

on 16th feb they had 25.7 mil shares or 6.54%

on 27th Apr they announced that they are no longer a substantial holder, hence under 5%, so they probably had 18mil or 19mil shares remaining.

on 28th Apr there was a pre market trade of 12mil at 0.485, which would be safe to assume was Quantum Fund.

on 26th May they announced "POSITIVE OUTCOME FROM ROODERAND PLATINUM PROJECT" it was a high volume day of 7.2mil, SP went from 40.5 to 45.5 before closing at 42.5. I would assume 2.0mil shares could have have easily dumped on that day.

so 19mil less 12mil less 2mil = 5mil possible shares remaining?

Since 27th May the total volume has been 17mil.

In the middle of all this is bank of america trading the stock, loaning the stock for shorting purposes, hence why 17mil volume hasn't been able to clear a possible 5mil shares.

Now thats one big nut shell.