and who could be the predator, page-5

Hi Ameri,

You are right most who jumped in where day traders who do not know anything about the company.
All they see is a huge turnover in shares and a rising shareprice , so they make their trade and then move on thinking there is no more in this rise.

But for those who know the history of this company and how low it has been pushed by the shorters like JPMorgan BOA and the like, know that this company deserved a much higher MarketCap then the lousy $30 million they pushed it to.

The plant alone was build at a cost of about $40 Million in 2006, replacement costs of the plant alone, would be close to double in todays dollars.

So saying the above you may appreciate that even 15 cts/share only gives us a Mcap of around $75 Million which is still cheap as chips.

Remember PLA is a PGM producer and not an explorer saying this they have still 3 other good projects ready to be put into production.

Rooderrand and Kalplats in South Africa and one project here in Australia.

These projects on their own are already more worth the the current MarketCap imho.

So you are probably right that we can just buy and sit on the shares for now and let them run past the 20 cts for the very least.

As even at 20 cts this company is still very cheap and undervalued.

For a company that is now succesfully ramping up production a MarketCap of $200 Million and shareprice around the 40 cts is far more realistic imho.

This was very price when the Bank of America (BOA) started shorting this company close to oblivion.]

A quick Corporate play could stop of us of going back towards this figure, hence the aggressive buying of late imho.

Only when we have the chance to get the shareprice above the the 20 cts and/or a more then one player making a move for PLA we can hope to get fair value if a take-over takes place now.

The next few days will be very interesting as someone must have bought a lot of shares and must make an announcement to the ASX.

This can give us an indication where we are heading and who is loading up so aggresive on PLA shares.

Many companies I have invested in over the years have been taken over, and from previous experience I think that PLA is now targeted.

We have a very interesting time ahead of us and probably also a very financially rewarding time for shareholders, especially for those who just joined in.

good luck to all

jojo