We are possibly days away ... maybe weeks ... but probably not months away from finding out how the market will react to PLE becoming a gold producer. Unconventional as it is ... I couldn't care less if PLE takes a left turn and then a right turn ... or vis-versa ... as long as it continues on to the same goal. And there is every indication that it will.
Net net ... this is just another chapter in the story that we call PLE.
The best indicator of how people are reacting to a company is the share price. And I notice that that share price is rising at the moment.
Anyone who remembers the previous runs in this bull market will also recall that at a certain point all of the sub-10c shares disappeared ... and then there was nothing to buy under 15c and so on up the line. PLE could just be caught up in a this rising tide. We won't be able to tell one way or another until the news comes out ... but a combination of both the rising tide effect and a positive reaction to recent developments could very well mean that PLE is a screaming buy at this point. And maybe we are seeing a bit of action as investors are taking positions in advance of the potential news. One thing is for sure ... that nobody would be able to take a large position in this company at this point in time (millions of shares) without driving the price much higher than it currently is.
The long and short of it is that PLE does not seem to be such a bad place to be at this point in time.
As always ... just my opinion.
