No PR will move PLG in PPS much until Financing Complete
great for those who want to accumulate at dirt cheap shares but the President of PLG needs to get his no.1 Priority straight and focus on accomplishing completing financing.If financing was completed and PLG put out the last pr it sure would have moved more than a whopping .03 pennies.Might as well save all PR for after financing completed.This stock is now a penny stock because the financing has failed to be finalized.The competence of the President of PLG should be a major concern if financing is not resolved in the next six months.Who really cares that financing is moving forward or that due diligence has been completed we need it to be a closed out major problem.
finghell123 is right. The financing is important but what is huge is waterberg. This is a company changer and company maker. Reread the last news release and get excited about the F layer size and grades and the direction. Big Big Big.
I took your advice and re-read the PR to get a better understanding. I honestly feel a little dyslexic when I read their PRs since I don't have a background in geology. It would be great if they were wealthy enough to make a video that explained all this in laymans' terms.
"The grade-thickness on the F layers is increasing as exploration progresses to the north". I also notice the grade is higher (in the 4 to 7 gram per tonne range Pt E ounces) . So this is an even better news than the first announcement which had an estimated 6.6 million ounces. Can't wait to hear the new resource assessment. Thicker, richer as the layers extend north! And this is even better for PLG shareholders because as they point out, anything they find north of what they have just described is owned 87% by PLG as opposed to only 49% (up to where they have just drilled).
And this following part seems to be about an even newer 'new Bushveld potential' area they have not yet made any announcements about:
"The F and T layers are correlated in stratigraphic position within the newly outlined Bushveld Complex area and certain lithological and chemical markers also add to the correlation. In-fill drilling completed for holes WB 017 to WB 032 (not reported herein) have added confidence to the initial resource area. The metal ratios have reasonable consistency for a layered magmatic deposit style. The University of the Witwatersrand ("Wits") has sent several senior geologists and students to site and have commenced several detailed geological studies on the new discovery. Initial thesis work in progress at Wits including rock and mineral identification detail has confirmed the Company''s "new Bushveld layered" discovery model."
PS I think this is interesting and exciting enough for the Discovery Channel to make a documentary about (a new frontier), and it could communicate the whole story to the world in terms they can understand. It is much more interesting and educational than 'truck drivers', lumberjacks, or 'swamp people', It also has the added entrepreneur, business, political, economic and class dramas, the adventure of real discovery, and other interests from many many angles. At least this way we wouldn't have to pay for it.
No doubt fing.
Try as they may again and again...lol
What do you make of this article released today? More rhetoric and obvious to the educated?
'Bakubung won’t be Wesizwe’s first and last mine'
I can't post the link under new Yahoo rules but it'll pop up with any search.