I've been watching PLA for a few weeks now and do think it offers a lot of potential and upside but the problem/risk is that they are a producer and unlike an explorer producers have constant bills that need to paid and if production isnt profitable then the hole must be plugged with capital raisings and as you've seen with PLA production hasn't been profitable and so capital raising shave been required to plug the hole
The safe money will me made taking a position once the company shows it can make a profit but the share price would have probably risen considerably by then
The big money will be made by those who buy before profitable production has been confirmed but getting the timing of this right will be tricky
Good luck to all those who old
PLA Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held