where are the buyers, page-6

Madan,

Thanks for your cool & comforting words of advise not to get to anxious about the SP ... fortunately your post was the last on this thread, and as I was about to restart it your post was well worth a re-read.

The reason for restarting the thread is that:
- there appears to be a relative weakness in buying depth for PLT at the moment, despite yesterdays excellent announcement
- yesterday's bounce was fairly minor, given the news
(60c from 57c, with a high of 63c)
- today's SP (so far .. 57c and dropping?)
- everyone seems to agree that PLT is now worth far more than the SP, except the market!

I suspect the market is waiting for:
- cash-flow positive, which was originally expected a few months ago
- shipments to commence (PLT are now talking August for India & Europe, with China still indeterminate)
- China to be cleared for shipments
- I wonder if there are any concerns re. cash reserves, given all of the marketing, factory setup, inventory build-up, etc. without incoming $'s ???

Any comments / other ideas?

Cheers.