Yes at this time the overall situation looks bad for POD. But what an incredible deposit to find in OZ, v-shaped, narrow & bloody long is it 23 K long ? To find a deposit like this is as rare as a hen's teeth . Maybe in South Africa, but they have reef deposits there.
Look it's difficult, seeing management do sub-market raisings, but what an incredible deposit for a mid-tier mining company to pick up & put into their portfolio . Never forget that Fortescue was 2 cents at one time, it does happen. I think an amalgamation, with someone who has some money, would be a good fit, and make the expanded company more attractive for a big player . Platinum is a strategic metal & the Rhodium is the icing on the cake. I'm going for it to be taken over, it's too valuable to walk away from. I'll hold & risk a total write-off. If you only got $500 you might put it into this for a very high-risk punt.
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