Whilst sharing much of the pessimism on this thread, I interpreted today's announcement positively, as a signal that re-listing is imminent. This is better that the "who knows when"s that have accompanied the last several announcements. I'd also be prepared to suggest that we may even be surprised on the upside on the re-listing price, as much of the downwards pressure I suspect was driven as much by uncertainty as by any change in fundamentals or the lack of investment funds post PFS. It would appear we now have certainty, which means the bean counters can return to their long term NPV calculations, which led me to buy into PLV at over $2 in the first place, before Cockatoo was even part of the picture.
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held
