In my opinion, and purely my opinion, the past is the past. a project finance new build can often have delays and in PLPL's case this has obviously been true.
We can sit and complain about promises made in the past and missed timelines or focus on whether there is a tangible future for this entity. Its clear to all that have seen the video that PLPL has invested in a pretty nifty extraction factory on a tea estate. So they have the raw materials and the factory and will now need buyers. For those who have done their research, you will know that tea harvesting season ends in May in South Africa as winter sets in, and as a result there will be close to zero tangible production until the 4th quarter. In addition any current production will obviously be geared more toward optimisation of the facility and its highly unlikely that commercial volumes will be achieved in the next two quarters of this year. This opinion is based purely on my feeling of how a new factory starts up and my understanding of the seasons and tea production.
There will be many here who harp on and on about missed deadlines and no revenue but if a more realistic time frame is carved into ones mind regarding a startup facility and projected income it should already be clear that this is a company that is not for quick share price gains but rather constant growth over years to come. Since this share has been all the way up over three dollars and is nor close to 20c the opportunity, although an anomaly, was there for the taking if quick returns were your aim. If you missed that theres little value in then complaining about a share price which remains in range when theres no business going on other than establishment of a factory, optimisation of farming and creation of distribution channels.
In short, I believe this company is exactly where is should be from a share price perspective, is behind on schedule on the factory but is making good progress in terms of getting commercical scale production going and is a great hold if your timeframe is longer than 12 months from today.
Lastly, it should be noted that the expansion and research being done on cannabis (in Uruguay) and citrus (also extensively grown in the area of the tea farm, and being a winter fruit covering the non-tea harvesting months)has great potential for PLPL and provides alternative possible extract revenue streams for what is in my opinion already a great potential business
All the best everyone!
