Listed companies trade on information - share price movement is driven by the quality and timing of available information. That information can then interpreted and used to extrapolate future expected earnings and thereby current valuation. PLV really need to pick up their game on this front - ultimately, with resource co.s investors need to know: how much stuff there is in the ground (and the grade), how they are going to get it out of the ground (and at what cost), who is going to fund the extraction and who are they going to sell it to (and at what price).
With PLV, I dont really have any certainty about any of those answers. As a shareholder I really want to believe that PLV can answer each of those questions positively, but my confidence is slipping.
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held
