The uncertainty regarding cash availability has now been removed but before we can get to a range up to A$1 we need to see signs that production is moving towards targets.
Dec quarterly numbers will not be great but they will be of huge significance on a month by month basis. If we see a good improvement in December compared to November then it could be the first indication that things are back on track.
If one waits to see March 2011 number then the buying opportunity may be missed.
Having said that I am very frustrated with PLA and more of the same in March 2011 will be the end for me.
BR Max
PLA Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
