I wish a lot of other companies in other industries would also realise that outsourcing is not always the answer. There is something to be said for experience and expertise. Just because contracting out is cheaper, doesnt mean it wont cost you more in the long run. Im looking at taking a mid to long term position tomorrow as I think the low teens to 10 cents is the sweet spot for decent returns now that I can see the numbers are holding and managements resolve. Market tends to move before the actual results are realised so I am anticipating that once these new loaders become operational in a couple weeks, word will leak out to the new efficiency onsite and the price will rise before the next quarterly at very least a bit of speculation to the same. No doubt some will buy and some will sell tomorrow so if I can get some at 12 or 11.5 I think it would be a good entry point. I think most will want to see where it all goes and the price will stay above 10 cents now. IMO good chance it might go over 20 cents over the next couple months and so that is a potential 100% gain if things go well. Then again, market is a bit irrational at times so you never know.
PLA Price at posting:
12.5¢ Sentiment: Buy Disclosure: Not Held