To be fair Joel, the entire market got it wrong, in fact... only WGX put in a bid at all, so, if anything, they were still the closest thing to a buyer.
In any case, I have... dipped my toe into POL.
Main reasons....
* I like Silver and Australia has bugger all Silver plays (that are cheap). This is a base metals project, but the amount of silver is significant.
* POL has the infrastructure, a new big investor that can buy this whole company for peanuts and is potentially less than 9 months away from producing (though I have spent many hours reading through the company reports and their initial targets have fallen far far behind schedule).
* Funding is the big hurdle, which I think is not going to be an issue.... I don't really like the debt, but I can understand that the biggest shareholder (Spoule) does not want to be further diluted (impressed he converted $1.4m into shares recently).
* I wonder if MAC took a position because potentially, AMI was sniffing around.
* Company is in a quiet period, with little on the ground going on, other than sourcing funding, which could change dramatically if the funding gets ticked off, then you have the extra $2.5m from MAC and.... refurb/development begins quickly.
* Also a few other opportunities to further enhance the project with some gold to be recovered too.
* Market clearly does not give a fig about POL, which again, is nice.
Appreciate your list of stocks to research ( I think you shared it a few months ago? ).
Would be interesting to see which have performed well etc?
Anyway, if POL continues to slumber, I will try and grab a few more (I still view this is a fairly risky, as execution is going to be incredibly important with the debt facility required).
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.63M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 25.5¢ | $11.95K | 46.10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 101210 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 60421 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 101210 | 0.255 |
7 | 192000 | 0.250 |
2 | 32897 | 0.245 |
2 | 80000 | 0.240 |
4 | 98510 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 60421 | 1 |
0.265 | 27273 | 1 |
0.270 | 53171 | 2 |
0.275 | 20000 | 1 |
0.280 | 20903 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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