Thanks RIV,,yes I have looked at the chart several times and YES its ugly but I also realize that we have had a tough market for a few years,,,many stocks have had huge falls the past few years...
I am trying to look at the variables which will effect PLA in the future because the future is going to determine what happens with PLA,,,,I have read a few articles on Platinum, many are bullish Platinum prices...car manufacturing may have ups and downs but there are millions of people in asia who still want houses and cars which helps support car manufacture growth IMO...
PLA has had issues and being located in South Africa is not ideal BUT the labor costs there are cheaper,,,,Like someone else mentioned before,,,If we can manage to increase production this should decrease costs as the fixed costs will be spread over more volume,,,This is what I am hoping for from Smokey...
We have a long way to go but IF management can turn this around,we have some very big assets that should/could be valuable in the future when markets start to recover..
The best buys I have made, have not been when everyone was buying but when everyone is selling...
dyor
PLA Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
