Went as low as 10c in 2005 and the way things are going we may revisit it soon. Been a gradual slide from $1 but haven't had the capitulation stage yet where it does something silly like drops 50% in a week
Smokey Hills should never have got the go ahead, a problem mine since day one, seemingly rushed into after the early disappointment of Panton for the sake of developing any old project for the directors to prop up their large salaries
Lewins been in for 10 years now, time for a change? In the last 2 years the MD has drawn an aggregate $1,130,000 in salary which seems hard to justify
-$11m loss in 2008 -$22m loss in 2009 -$27m loss in 2010 -$35m loss in 2011
PLA Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held