It has been a pump, pump, pump, pump, but no dump ride.
Predator will have the reveal themselves soon.
Also ASX asleep, no speeding ticket for a stock that triples in price all in one week.
Whilst the production update was welcomed, there is no confirmation cost wise and what ounces have actually been produced.
Assuming 9500oz for the quarter this run rate is still half the annual target that PLA has been trying to achieve since SEP 2009.
The sell down to 5.7 was pricing in for failure. Now that some positive light has been revealed it still doesn't justify this mega rise in the SP (with no notable pullbacl along the way).
Either way that is some chart when veiwing in a 6mth time frame.
PLA Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held