In relative terms the GFC was a much, much bigger event than the current euro crisis.
Would Facebook have issued more shares before launch let alone even got off the ground around GFC time?
This is a fickle time. GFC wasn't.
Thats why I was buying and topping up because we are nowhere near that negative sentiment, and as with post GFC, the good companies, the established companies with real businesses, will once again prosper.
Difference is that many of these same companies are several years down the track and much more developed.
PLV being one of them.
This time around it is different. GFC hit everything and everyone.
But PLV with recent events (that are now well documented) has magnified the correction.
What does that mean?
It means that the upside in my opinion is considerable from here.
At the moment there are many waiting for that extra cent or two to get set.
Fact is its an absolute opportunity imo right now.
The BDO report will be fast forgotten (sooner the better imo) as new reports update the PLV valuation once Cockatoo is acquired and its potential value is better understood and acknowledged in the valuation.
Its all bad news right now and that should be a hint and an indicator for some with a contrarian view.....
PLV Price at posting:
17.1¢ Sentiment: None Disclosure: Held
