check it out..., page-5

Hi Jvegas

I've been away from the action today, but on checking the recent trades it would seem as if BoA has taken a holiday today?

I was going to say that with the price of Platinum just passing back through US$1700, shorting at this stage would be very cavalier. And the details Dean found on the ASIC site showed that outstanding shorts were at a six month low.

Looks to me as if the Gold/Platinum premium is set to fully unwind (on the back of news re Greece/Europe) and with it perhaps a switch back to the fundamentals and a positive re-rating of PGM's?

With the share price still floundering at these levels <8cents, the short-term uncertainty surrounding Smokey Hills and the development (funding) of the other projects - then this should put PLA in the Take-Over 'Sweet Spot' for any suiters. Given the potential of Smokey and the resources they're sitting on then, you'd have to suspect with the global picture looking rosier and the pick-up in PGM prices - then if we were ever going to see any corporate action then it will be in the next few months? Perhaps as you say, BoA is working on this strategy?

Gus