How cheap is cheap though? 50 cents was cheap. Then 40. Then 30. Now 20...
I'm set and satified. But we still have several weeks to go here so not sure if there will be any catalysts to get PLV moving strongly upwards....I hope there is because its been a long and very sad downward trend that has not been turned around.
But as you say, we are only talking 'weeks' now...
I just asked myself the question about whether Cockatoo island and the $$ to develop it and get it to production and then substantially upgrade the IO would be worth more than 20 cents a share and a 50 million MC.
Speculation yes....but its speculation that has some pretty good sources.
And some of the questions to the MD certainly lend themselves to suggest there are already plans in place to get much more IO out of Cockatoo ;)
Sounds to me that once Cockatoo deal is concluded we are 9 months off production with April 2013 being mentioned.
For me that means a lot of news and developments and that means we are going upwards in my view.
Lets get our hands on some broker reports that understand and comprehend the opportunity and the value here once PLV spell it out.
PLV Price at posting:
17.1¢ Sentiment: None Disclosure: Held
