There has been take-over talk for over 9 months (and ever since I first bought in). Until now I have not seen any market evidence to support this. The volumes yesterday and today may support this, but I would discount the idea.
It is far more likely that the market had written-off the stock until yesterday and this view is currently changing. The longer term future for PLA is now looking good and investors are pilling back in!
Fundamentally the short-medium term outlook has turned positive.
PLA has the resources and cash-flow is quickly becoming a non-issue.
Gus
PLA Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held