RE: What's Next for PLE.....IMHO One small problem is that Plexmar has no cash and has property payments to make. they'll need a couple of million to catch up and fund a drill program, if they ever get that far.
at 5 cents a share, $2 million is 40 million shares plus warrants ... 80 million shares
at 10 cents a share $2 million is 20 million shares plus warrants ... 40 million shares.
In order to raise enough cash needed to fund a meaningful exploration program, then they have no choice but to consolidate. Even if the stars line up and things actually do work out, there will be loads of time to buy this puppy as they won't be drilling until late 2012 at the very earliest.