renounceable rights issue allotment, page-12

Hi Kevin

I'm in this for the medium-long term, so not too fussed about the current sell down.

Are you still sticking to your 7.6 to 8cent buy in target?

I note that the PGM prices have come off a little and that other ASX listed miners such as ZIM and AQP are being sold down in the current market. In fact, considering the rights issue has just been completed I think PLA is holding up quite well.

It will be telling if Acron take up the additional share entitlement tomorrow. 6.25m shares at 8cents. Also waiting for the director and substantial notices.

Gus