PLA 0.00% 6.7¢ platinum australia limited

re: Ann: PLA MOVING TO OWNER OPERATOR MINING ... Yes very gutsy...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 148 Posts.
    re: Ann: PLA MOVING TO OWNER OPERATOR MINING ... Yes very gutsy move, this could go either way i suppose, but something needed to be done or PLA would've slowly gone broke.

    Short term it looks positive with wage increases negotiated, taring local roads & supplying water to the people.

    If this can save 10% on expenses (roughly 1.5 Million) & increase production say 30% to 11,000 ozs (roughly 3 Million additional in revenue) it'll bring them closer to break even.

    They really need to increase production 40-50% (13,000 ozs) to make a profit.

    let's see.

 
watchlist Created with Sketch. Add PLA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.