This is one of those "the market can stay irrational longer than you can stay solvent" situations. With both the AUD and GBP falling against the US$, forward profitability for PLA (and all $ earners) is looking better by the day. This has to be a "smart" money buying opportunity if you can afford to wait for the "hot" money to arrive and the redemption plonkers to capitulate.
I was hoping one of you guys might have been to Perth for the "Africa Down Under" conference and would bring back some snippets?
It would have been a great platform for JL to make a big announcement from the company's home town this morning but so far nothing on the wires...
PLA Price at posting:
$2.12 Sentiment: Buy Disclosure: Held