thoughts on panton sale?, page-29

Well volatility is here to stay for a long while. GFC stage 2 might even revisit. If the new Greeks government and a number of other new governments freaked out and refused to take hair cut, that will trigger a string of bankrupcy...break up of the eurozone...and a big mess propagate right around the world. Comodity market will collapse that will put PLA cash positive target even more distance and certainly $25Mil is just enough to shutdown the mine and put into maintainen mode. Cash is king this time.

May be the management sensing the trouble ahead therefore they desparately cashing up any change they have now.

Well IMO this donkey s going no where until PLA can show 3 consecutive positive cash flow from the operation and the market uncertainty clear up.

other than that the end of the mine life is approaching fast and they still haven't made a cent other than selling promises and hope...and I can see that they have no shortage of buyers on that by just glance at the depth of the selling queue :)