10km of drilling will cost about $750-1.25M, plus admin for the 2-3 quarters it takes to do the drilling ($500K). So Podium is flagging that it needs to raise $2-3M in the next few months. WHilst it would be nice to raise this money at 20c, it's pretty normal for the share price to be lower right after listing, so I can't see brokers and sophisticated investors having a problem backing this. I've already, on my own thumb suck, put the Exploration Target at around 2M Oz 3E PGE + Au, so the company thumb-suck c omes in within that range.
Looking exciting.
Ann: Substantial increase in Parks Reef PGM Exploration Target, page-3
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Last
4.3¢ |
Change
-0.003(6.52%) |
Mkt cap ! $34.18M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.5¢ | 4.2¢ | $88.54K | 2.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 161256 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 224073 | 2 |
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| Last trade - 14.41pm 31/07/2025 (20 minute delay) ? |
| POD (ASX) Chart |