POD podium minerals limited

Ann: Initial drilling results in eastern sector of Parks Reef, page-14

  1. 2,325 Posts.
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    So lets see who will be in a spot of bother Homie. Without going into detail until I see the terms of the cap raise, unless it is unsolicited, a major cornerstone strategic investor who adds value instantly and at a premium to the say 5 day VWAP and or allows current share holders to participate then who believes the drill results weren't only available a matter of hours after the TH. Yeah right.
    AGM presentation states the current drill program is fully funded. Quarterly Report states that drill program will run all this quarter. Quarterly Cash Flow Report states they are nominally funded for 12 months. The drill results ann today during the TH is material, would have been known well in advance of the TH and should have been released before any TH. lt would have had a major impact on the SP in my opinion and thats what counts as that was a key driver why we were buying and intended to continue to do so.. There is no desperate need to raise now while the SP is on an upswing and dilutes us all at a discount. In fact it is the worst time and every indication was that it wasn't necessary for a fair while. Myself and a lot of colleagues invested on this basis.

    And just to rub salt into the wound......Platinum price just shoots through 12 month high price... I am intending to be long term holder but this leaves a bitter taste in my mouth as the SP is likely to be supressed for months.

    https://hotcopper.com.au/data/attachments/2830/2830161-38c84d3668db23915c1b4fd66b1985dc.jpg


    https://hotcopper.com.au/data/attachments/2830/2830157-2397b58dad6708850d60da285d4f913f.jpg

 
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3.7¢
Change
-0.001(2.63%)
Mkt cap ! $29.41M
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Price($) Vol. No.
4.1¢ 103741 1
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