"What is PLV worth ? somewhere between 6c and 9c is what Mr Market says - As it turns out it appears WEG got shafted paying 38.5c for their 20%"
Aka.
Mr Market gets its cues from PLV, and PLV since the Irvine PFS inparticular, seems intent on reducing the valuation of its assets - some to the point of zero valuation as evidenced by Cockatoo.
Mr Market obliges by putting further pressure on the shareprice that has already been decimated by multiples....
MR Market is following the lead of one entity - and thats PLV.
Lets stop putting the responsibility or explanation on 'Mr Market' - the evidence points elsewhere.
Come AGM, the shareprice and state of the company would want to be visibly improved.
I can't see too many shareholders wanting this sort of trend and pattern to continue...
As a shareholder its disconcerting to see valuations reduced putting further pressure on a shareprice that does not reflect the alleged investment.
Big questions on the direction and intent of PLV based on recent decisions.
Add to My Watchlist
What is My Watchlist?