The BRR interview was pretty much just what i needed to stay interested in the stock. Ben seemed quite concerned about where the share price is - glad to see he is speaking my language. Without the update it would have been a long wait until fed approvals. I am hopeful we will see quite a few updates throughout this time at every step of the fed approval process (today being the 2nd)..
Not sure what ya'll think but i thought Ben has got the whole approval process under control. There is still risk in a rejection but he seems to know how how best to address the information needs of the BLM to ensure the best outcome for POK shareholders. The ducks are lining up....
I got the impression that Ben and the rest of POK m'ment would want to wait until the Fed approval permits before they release a JORC est. Nice way to make a statement instead of coming in first with a small one for state lands. Not sure if they will do any drilling first on fed lands to allow better resource delineation. probably will be dependent on the SP at the time?
Nice to see that there could be corporate interest from some UK based investors. not sure how much cash POK have at the moment but if they are going to proceed with more drilling in Q3/4, more money could be handy via cap raisings... Ideally any future cap raising could be married up with having a few more substantial holders on the register - likely to be the case if we get the Fed Approvals and JORC. POK then is in play..
So end of Q2 means another 2 and a half months - I going to start packing. may need to board the train at the next station (all said with a slight feeling of Deja-vu!!)...
POK Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held
