"Well I have to say I am surprised by the PLA resurgence.
I suspect there is more to this than just operational improvement.
PLA management have rarely if ever provided production updates".
Last time PLA provided any guidance on Production was on 21/06/2011. On the day sp moved from 32c to 34c and volume traded was about 4.93 million. But O boy!!!! the trading over the last 4 days has been phenomenal and to be honest I'm very very surprised on this huge spike.
IMHO, the reason for this spike is lot more than just a smokey hills production update. Not sure if anyone has noticed that on PLA's presentation( asx ann. 06/03/2012) on slide # 15, PLA did mentioned briefly about the production improvement albeit in graph rather than words.But no reaction by the market on that day.
Good luck to all holders who have bought under 10c. I'm still in big loss but now see the light at the end of the tunnel.
PLA Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held