Thanks jvegas. I agree. The bottom always comes with deep scary. My latest experience is trading NDO, when SP broke down 4c, panic sellers dupmed SP till 3.1c, I was keep buying until run out of my cash at 3.3c.
I cannot understand the panic sellers,at that time, NDO was still a oil producer producing 0.5Mmbblpa with 25 million cash ,no debt. I am not ramping NDO here, as I sold out at 5c.
PLA is my new target, and I keep buying from 8.0c to 7.1 in last 2 weeks , and I would like to buy more until I run out of my cash. Just because I got strong confidence because PLA definately deserves its asset backing value now,---21c/share. and obviously, game is played on.
Full production means 90000 ounce per year, I doubt PLA can ramp up production so quick in Q3, but I deeply believe PLA can make positive cash flow before April, 2012.
PLA Price at posting:
7.0¢ Sentiment: ST Buy Disclosure: Held
