POD has low exploration cost, due to drilling down to only 100m....

First 17 Last

Share
Profile

Follow
TopGun1

12,647 Posts.

2571

30/09/21

11:59

Post #: 56462156
Share

Originally posted by robbo24 ↑

G'day Alfie

I still think there's a presumption here that POD needs to do a capital raise as a matter of urgency. We'd all be listening to the chat about "pump for a cap raise" if they raised during the "pump". I don't think the company can win in terms of the criticism of the standard HotCopper thread.

What I will say is this, my view is that POD doesn't need to hurry to do a capital raise. If evil forces are lurking around out there trying to top up via a placement then perhaps they are wrong - who knows.

December 2020: $2.5m cash + $2.4m receivable = $4.9m
January 2021: Cap raise @ 11.5 cents
March 2021: $3.8m + $2.4m receivable = $6.2m
June 2021: $3m + $2.4m receivable = $5.4m

POD achieves a lot of things without spending much cash. Compared to other operators there's plenty of money in the bank.

You may be aware that the local native title body in the area was recently changed to a PBC (prescribed body corporate) which only incorporated in June. There has been delays out of POD's control. Department of Mines recommended granting the amended mining permit months ago, and now the rest will get sorted with the remaining condition on the MTO database which is native title sign off, which is pretty straight forward given POD is already operating in the same mining permit area. This will bring the first EV metals tranche payment to POD.

Expand

POD has low exploration cost, due to drilling down to only 100m. Even upto 200m is not bad.

Many explorers are drilling 200m to 500m, which is very expensive!!

POD Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

IMU

Imugene's azer-cel trial sees tumours temporarily disappear in 3 of 10 patients

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

RKT

RocketDNA wins $350K contract to supply mine sits with autonomous security 'PatrolBots'

EMD

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

BAS

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

There are more pages in this discussion • 16 more messages in this thread...

First 17 Last

Add POD (ASX) to my watchlist

(20min delay)
Last 3.0¢		Change -0.002(6.25%)		Mkt cap ! $14.55M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.0¢	$2.527K	79.2K

Buyers (Bids)

No.	Vol.	Price($)
1	45718	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	3081	1

View Market Depth

No.	Vol.	Price($)
1	45718	0.029
1	50000	0.028
1	50000	0.027
1	40000	0.026
3	190672	0.025

Price($)	Vol.	No.
0.030	3081	1
0.031	39500	1
0.032	12944	1
0.033	55303	2
0.035	15829	2

Last trade - 11.32am 02/09/2024 (20 minute delay)

POD (ASX) Chart

POD has low exploration cost, due to drilling down to only 100m....

Imugene's azer-cel trial sees tumours temporarily disappear in 3 of 10 patients

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

RocketDNA wins $350K contract to supply mine sits with autonomous security 'PatrolBots'

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

POD has low exploration cost, due to drilling down to only 100m....

Top Stories

Imugene's azer-cel trial sees tumours temporarily disappear in 3 of 10 patients

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

RocketDNA wins $350K contract to supply mine sits with autonomous security 'PatrolBots'

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News