READ THIS ++++++++++++++++++++++++++++++++++Lou's Mailbag transcript from October 12, 2006.
Check out ROBTV.com for the video.
"Let's take a look at an item Darlene sent. She said "I would appreciate yor comments on PLE. With the news this past week, is it a buy, sell or hold?"
When we take a look at the chart, Darlene, what we're seeing is a company who's stock kinda peaked out and the question is, will it hold on to support at these levels - around 60 cents. It had anice run to the upside, no two ways about it. It's up, even at these levels, 990 per cent year-to-date.
Now, what are they producing here? They're producing exploration results that are fairly spectacular. Look at their samples coming out of their BdD project in Peru, it's grading out at 304 g/t, but keep in mind these are samples and trenches that they've dug, they have yet to put a drill bit to it and see how deep the deposit goes.
If you look at their Sept 28 press release they talking about the Escondida project in Ecuador. They picked up 44 samples there, the highest one grading 396 g/t. Here's what you have to keep in mind, until you get the diamond drills on the property you really don't know the extent of the deposit.
Now, they're really excited about it, there's a lot of action on the bullboards.
PLE, is that an element of risk? Sure it is. There could be a lot of hype in it and certainly a lot of hope in it, now two ways about it. Mother nature's gonna tell us and we're gonna find out with the drilling results that Plexmar will undertake, to tell us more.
(The) stock is up 990 per cent year-to-date, it's up 605 per cent on a 52 week basis. The thing that I'm lookin at is volume. The volume has been thinning out over the last couple of weeks. Average volume is 2.1 million shares a day, um, 1.5 yesterday, 1.4 on Tuesday, 1.9 Friday. i think you get the picture there. Some of the selling is coming in not enough to drive this one higher. You can have volume and the stock go down, but you absolutely need to have higher volume to drive this stock higher.
The other thing I looked at. I was on their website trying to get some financial imformation in terms of reporting - last time they reported was September of 2005 - that's alittle bit behind my estimation of when a company should have this stuff posted. I'm not talking on my screens I'm talking on their screens, on their website. So if 2005 is the best that you can do I guess that you've been busy, but you need to inform people about your cash position and other kinds of metrics."
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Cheers!
Mr_speedway