Ann: Key Project Work Gathers Momentum to Inform Feasibility, page-4

The cap raise had to come. POD was trading with a cap raise priced in which is why it couldn’t rally despite precious metals rallying and general market sentiment improving. So from that point of view it is good to get this out the way. The price of the cap raise is probably about what I expected. The issue will be if any current shareholders support it. $3mio isn’t a lot of money and will only sustain things for a short period. The fact no larger investors have come in and there is no placement is a bit concerning but I have been critical of how the share price has been manipulated leading into previous cap raises so maybe trying something different with a SPP is fairer on existing shareholders.
Hopefully POD can raise the cash and put it to good use because the resource is exiting.