PLA has been a frusturating stock with each quarter of promises filled by a quarter of setbacks and disappointing results.
I am hoping with the new appointed contractors that PLA achieves a very strong quarter of production.
I note in the Sep Qtr results that PLA have burned half of the available cash holdings, does that mean we are expecting a further capital raising, a cash floe positive quarter or are they going to start drawing down on the bank finance available?
I am hoping the finance line is left undrawn.
The good news remains for the stock with precious metal prices increasing and forecast is for solid demand.
IMO the lower prices are a buying opportunity.
PLA Price at posting:
67.7¢ Sentiment: Buy Disclosure: Held
