If it is BOA that is buying back it's shorts (naked?) then who is doing the selling?
What is the strategy?
And if as you say there is 'multitude of stale bulls that will look for an exit' then this should make it very easy for any Take-Over bid to succeed.
Do you think this is the end game?
Guess we'll have to wait a week for a substantial shareholder notice to follow...
Interesting times.
Cheers
Gus
P.S. I have considered your information and I have done some modeling and conservatively have Smokey producing eps of ~3.2cents in 2012 and ~5.2cents in 2013. How does this compare to your figures?
Oh, and I also calculated that over the past three years PLA has only produced 85,678oz PGM from Smokey (what they were targeting in one year). So I would therefore see production easily continue through to the end of 2016 on the current resource!
PLA Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held