Thanks Ludacrous!

This is great news. PLTG announced has acquired another 15-20 drill sites in the area of Kentucky that has started producing for them already. This company is on a very fast track expansion program, numbers will start coming through in the September and December quarters. The additional lease acreage should increase PLTG potential reserves by at least 25% , which is considerably more than the recent temporary decline in gas and oil prices. It is important for investors to understand that we calculate our internal forecasts using $6 natural gas and $70 oil . Being as though current market pricing is more than 50% higher than these bench marks , we are considerably ahead of where we could otherwise be.

Platina will increase its oil and gas lease holdings in the Appalachian area as its core strategy for growth over the foreseeable future . Production remains on or ahead of targeted quantities despite unstable stock market conditions.

I found this news great, you can't see any bed information that can affect PLTG in the future. I think today PLTG can see one more good day, specially with such cheap sp. This is great opportunity to buy this stock. Although this is quiet period of the year and there are lot of shorters in this stock, the next month will bring PLTG in higher trading range. 10-QSB will be very important for Platina, before that PLTG must play the Shorter game. But for longs any sp under 0.2$ is cheap, September is not so far away. If you want more informations about PLTG future please read CEO's letter, you will find everything there:

http://platinagroup.com/pdfs/Shareho...

This stock will see better days soon, I think after 10-QSB and this quiet period of the year.

Long and strong on pltg!!!