It is not a big announcement compare to other but it is a...

It is not a big announcement compare to other but it is a positive indicator of the turn around, a step in the right direction and for this company it s a big step to fullfill market expectation. It s the disappointment from the market that landed PLA share price in this rubbish level in the first place. So the current share price rerate/correction level is just peanut compare to what the market valued this company 12+ months ago.

So if production condition continue improve, the value the market placed on this company 12+ month ago will be restored as simple as that. Speculate a take over as a reason for the share price readjust shows people doesn't have clue about this stock, its history and its problems.

Big holders still maintain the holding even when the price dropped down to the bottom showed that they beleive there are more values to be unlocked from this stock given the right condition rather than dumping silly for peanut as some panic small short term holders did. it is these holders who overall lost big time. If you beleive there are values to be unlocked hold and average down. BTR is one of the stock which also face with the same production issue expectation issue and were sold down to peanut level 3c and one the problem fixed with a combination of JV now it unlocked the value at $1.70. most armchair commentator used to valued it at few $c