I may have to sellout. Deeper drill holes are going to burn more and more cash. More dilution. And while studies (metallurgy, scoping study, PFS and DFS) will bring enormous value and de risking to the project they wont appreciate SP in a bear market. This may be a sub $30mil small cap in no time.
My POD investment thesis does not work in a 2+ year bear market.
Ann: Proposed issue of securities - POD, page-8
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Last
4.7¢ |
Change
-0.002(4.08%) |
Mkt cap ! $21.37M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.6¢ | $28.25K | 603.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 69820 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 62030 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
4.6¢ |
Change
-0.002 ( 6.12 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 4.8¢ | 4.6¢ | 65038 | ||
| Last updated 14.54pm 24/05/2024 ? | |||||
| POD (ASX) Chart |