Weak Share Price - Hope, page-7

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GoldDiggerDan

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26/09/22

12:45

Post #: 63878380
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Originally posted by Flexitime: ↑

If you are looking for hope then I guess the best we can say is we are getting nearer the low. This is in capitulation mode now where investors are giving up on the stock. Does 10c hold…maybe, but even if it does it probably will take a long time to recover. Too much damage has been done over the past 6 months for a quick share price recovery.
The problem for POD will be cash. Those that went in the last raise at 22c already need the share price to rally 50% just to be flat. They won’t be quick to go in any future cap raises. And we already know that POD are exceptionally poor at raising capital. This means there will need to be an extreme turnaround in sentiment both in the company and in the general market for them to raise again. Even then I suspect existing shareholders will face severe dilution.
So - is this project economically viable. Maybe. But they will need things to go there way and even then there is no guarantee. Most likely scenario is this goes sub 10c then tracks sideways for the rest of 2022. Hopefully for shareholders 2023 brings a bit of upwards momentum but for that to happen there needs to be a clear out of the register. It will only be new investors that will be able to hold this without the scars of 2022.
Good luck to all.

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updated Resource estimate in October may lift the needle. Especially if it is significant. Over 5mil oz would be nice

POD Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.3¢		Change 0.000(0.00%)		Mkt cap ! $22.48M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.2¢	$8.962K	271.9K

Buyers (Bids)

No.	Vol.	Price($)
1	10720	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	62983	2

View Market Depth

No.	Vol.	Price($)
1	10720	0.033
3	370792	0.032
5	1119954	0.031
9	1183918	0.030
4	848275	0.029

Price($)	Vol.	No.
0.035	62983	2
0.036	649887	5
0.037	27054	1
0.038	197000	1
0.039	120000	1

Last trade - 11.30am 18/06/2025 (20 minute delay)

POD (ASX) Chart

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