It could be that PGMs aren't in favor at the moment .
Spec sector hit hard since FEB so a tough audience .
All that matters is that they make headway to a resource definition that underpins a scoping study with a favourable economic path .
As recent IPO has struggled to attract new buyers and has drifted into the underworld of the unloved .
That can change - but best to promote when scoping study in hand . Until then is just in limbo .
Speculative positioning is a gamble really at this stage - but reefs close to surface is a bet for mine that they are a chance of being resource definition and viable .
POD Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
