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07:08
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Originally posted by Flexitime:
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Is POD the worst chart on the ASX? It would have to be up there. From April of 2022 to now it has fallen 90%. That alone does not make it incredible as many others have also fallen similar %s but the straightness of the chart line is remarkable. Apart from a brief period in July 22 and again in Jan 23 it has not been able to have any significant bounce. Usually when a stock falls so aggressively it has decent bounces along the way. Not POD. And now we are about to break down through 6c.
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I look at the fundamentals - 6m oz of Pt with Rh and a very conservative basket price of $2400 an oz is $14.4bn of resources in the ground and a MC of $22m. This is a no brainer buy for me. Either we develop it in a JV or get taken over for me it’s worth the gamble. Open at depth btw. 6m oz is quite conservative.
