Every explorer and developer has to factor in capital .. POD had touch under 3mill in cash end of JUNE ..with EV Metals to pay $2,400,000 pre end of this year ...I'd be pissed if POD did a placement at this stupid sold off levels ... 30c etc..
I understand Parks reef deep drills are next up ... now these have Govt funding so costs much lower ...
From MAY presentation >> fully funded .... now the delay from EV metals payment might well delay some of the studies ...but I would think all the drilling should have be taken care of outside the Deep couple of drills ... we will see exactly where we are at in SEPT Qty cashflows numbers coming out later this month...
View attachment 3676355next updates to come
• Assaying for 5E PGM3 to include selected rhodium and iridium plus base metals.
• Receiving clearance via Section 18 of the Aboriginal Heritage Act, to enable drilling within the recorded archaeological site located between sections 08E and 12E where high -grade PGM mineralisation has been recorded.
• Diamond drilling contractor engaged to undertake the planned 750m Parks Reef deep diamond drilling programme with co-funding from the Western Australian Government. All drill pads and clearances are in place, however drilling has been delayed due to the drill rig contractor’s rig availability and rescheduling.
• Ongoing metallurgical test work and mine optimisation studies results
...If the metals prices can play their part along with positive results from the above and the major seller running out of ammo ...then POD should get back on trend higher 50c-60c min range my new Xmas target .... then in the New year first Qty look to raise a sizeable amount of Capital(hopefully we S/Hs will be included) to Drive infill and maybe deeper drilling (If deep spec drills return the goods)...
