First, you lot said "Insider trading. Drillers must have seen Potash shows"... This explained the rise from 55c to 80c.
Then, the fall yesterday (After a 40% rise) is explained by "Insider trading. POK organised a Material Capital Raising on Wednesday afternoon - After market!"... This explains the fall yesterday.
Do any of you know how silly you sound...? Probably not.
Anyway... This could be an amazing development - or a bad development.
What to look out for: a) How much is raised. b) What price shares are issued at. c) Who (company/investor) is providing the capital.
Reality check.
Capital needs to be raised. Global markets are on the verge of total decimation. If POK can get some extra capital now, then it is a good thing. They may not be able to in 6 months time.
I am cautiously optimistic, but remain prepared to hit the sell button. Nothing in this market is a sure thing... Even if it is a “sure thing” it will be killed in any significant market wide sell off.
Stay frosty.
POK Price at posting:
67.5¢ Sentiment: None Disclosure: Held