Great long term opportunities and potential, no denying that,...

  1. 1,600 Posts.
    lightbulb Created with Sketch. 283
    Great long term opportunities and potential, no denying that, but they need to stick the goal posts in the ground and leave them there. They're navigating a difficult environment granted, which means short term goals do need to be assessed and adapted, but with all spec stocks there will come a time when the shareholders get a picture of management aiming for a dartboard to set that week's activity. PO3 won't be immune to the bloodshed that comes from that.

    The probable cap raise is going to be a pivotal moment for the survival of PO3. If they raise cash for a number of goals and begin to miss/shift those goals the outcome will not be pretty. And the cat may be on it's last life.

    My personal sentiment is to Hold as this is just my speccy punt, but I'd hope that for people who need anything other than a chance at long term growth from the cash they have in PO3 they're thinking hard about their position leading up to the probable cap raise. Can always buy back your shares at a lower issue price

    Anyway, not advice - stay safe and have a great weekend.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.