Sometimes these projects get sold for a low price, or get taken...

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bungalowbill

3,997 Posts.

776

03/07/23

13:06

Post #: 68588530
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Originally posted by Flexitime: ↑

Is POD the worst chart on the ASX? It would have to be up there. From April of 2022 to now it has fallen 90%. That alone does not make it incredible as many others have also fallen similar %s but the straightness of the chart line is remarkable. Apart from a brief period in July 22 and again in Jan 23 it has not been able to have any significant bounce. Usually when a stock falls so aggressively it has decent bounces along the way. Not POD. And now we are about to break down through 6c.
In this time there has been 3, maybe 4 cap raises. All at lower and lower prices. It will be hard for them to get another cap raise away given how the previous ones have gone.
Strangely the project still has merit and they may indeed have a decent resource but it is hard to see how this turns around.
I love the POD story and I hope for the long suffering shareholders (and MD who seems a good guy) this can recover and that FY24 brings some good news.

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Sometimes these projects get sold for a low price, or get taken over at a low price, as the company is not in a strong bargaining position. CHN is my favorite, but they may not be interested. This pretty well looks shovel-ready. It would need to be a big company, that has the financial power to develop it . Might need 500- $1000 million. it's a big ask , but to sell for peanuts may be to pass up the long shot

POD Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.0¢		Change -0.001(2.44%)		Mkt cap ! $27.25M

Open	High	Low	Value	Volume
4.1¢	4.1¢	3.9¢	$35.85K	898.1K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	200000	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.040
3	1047139	0.039
3	191212	0.038
3	97638	0.037
2	307223	0.036

Price($)	Vol.	No.
0.042	270000	2
0.043	151578	2
0.044	193602	1
0.045	416667	2
0.046	25180	1

Last trade - 14.24pm 20/06/2025 (20 minute delay)

POD (ASX) Chart

Sometimes these projects get sold for a low price, or get taken...

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