Like many others, I've been on POD since the sub 2c days of early 2020. It's a fools errand knowing the end market cap, but based on the size & potential of the resource, I had a 5 year price target of $1.30 if they could get to DFS.
Held through the 60c+ run a year later as a true believer. Wish I'd sold. Still a believer, just wary.
Haven't been happy with the way the past CRs were handled & feel we've bled cash & shares to management & Cannacord (cost of this share offering alone is topping half a mil).
That said, I think we've got a perfect storm brewing & this should be a great raise to be on (not financial advice).
Why?
Global interest rates dropping, Russian sanctions coming, PGM prices rising, DOCA arrangement for EV Nickel, Johnson Mathey incoming as major shareholder & the insto piece of the offer closing early (indicating a level of demand not seen in past CRs)
Be aware there could significant price fluctuations in the coming days as traders play the period where you can increase your entitlements to discounted shares.
Good luck to all. Interesting times ahead.
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