I think POD has been trading cum cap raise for a while now. Most...

I think POD has been trading cum cap raise for a while now. Most ASX micro cap miners have rallied pretty hard in Jan. This is especially so for many of the beaten up ones. POD has hardly moved. Partly this is due to a lack of news but with precious metal prices rising and a general bullishness returning to ASX stocks I would have expected this to be 15c+. I suspect the main reason no one wants to buy here is because a cap raise is coming and POD are historically very bad at organising funding. My guess is they’ll need to go down to the 10c region to get any money, and they need money in the next few months to continue their plans. Great potential resource but needs cap raise out the way before it moves higher.