POD 3.23% 3.0¢ podium minerals limited

Number 1 on the Podium - Find me a cheaper Precious Metals play, page-1193

  1. 5,299 Posts.
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    haha...could be foolhardy too.....dunno, time will tell.

    At least the company gave SH the right to participate at the soph $0.22 level. I think there is still confidence here in getting the full amount raised despite the fact it was not underwritten, there is still a Shortfall Facility to allocate Additional New Shares up to the maximum limit. I'm hoping it gets fully subscribed and POD ends up with $10m in the kitty. Trouble free operating for he next 12 months, imo.

    Here is an interesting aside here, and could be nothing, but note that GS had not been a contributor on POD since some small BUYS in April. And all of a sudden they sold 681k shares at the 12 month low average of $0.209 obviously below the CR price of $0.22. From a very large foreign insto, that advice doesn't seem too sound for me.

    As suspected Cannacord who managed the placement have been the largest net seller since 11/7, together with Euro and a couple of smaller others all above the CR price. So just rotating some holdings by the look.

    https://hotcopper.com.au/data/attachments/4575/4575801-1d41c7aa6a4e7e4ffdef6f799b6c7bfc.jpg


    And then the shorts look like they were covered by the sophs placement on the 11/7.

    https://hotcopper.com.au/data/attachments/4575/4575746-f30286763cc55958077b8cefdbbfc7ac.jpg

 
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