POMS is a risk I agree but everyone here needs to understand geography I think to understand the level of risk. Pt Lincoln / Coffin Bay is a long way from the Port River in Adelaide by sea and is in a very isolated spot in the world away from busy shipping channels.
But fear lingers and I would suggest the POMs media reporting combined with the recent share release from escrow (8.33cents) is the primary driver of the share price travelling south. Still they are turning a profit after 2 years from their IPO which is better then many others can say!!
Ann: FY19 Results Presentation, page-19
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