I'm not expecting a run over $1 yet, I think JFCP will continue to sell into any strength.
Even if we did get a positive announcement now, I still believe that any rally would be temporary as JFCP have probably 6 mil share left to offload and I just think we would repeat the patten of trading that occurred after the Soros announcement.
I would be very happy if PLA did release some good news now as I think it would draw JFCP out faster and then buying pressure would return to the price by Christmas.
Contrary to what above may imply I am very bullish about this stock But I am very happy with how things stand right now as I am very keen to buy more.
How I see PLA today Increasing price in Platinum Increasing Production by company Reliable management Developing future resources Share price effectively capped by large shareholder selling out for last 4 months.
This all yells great opportunity to me.
I notice since I started typing this the market has opened and we are up but I will stick with my theory for now :)DYOR
PLA Price at posting:
93.7¢ Sentiment: Buy Disclosure: Held