Rainbow Rare Earths CEO George Bennett makes the investment case for #RBW at London South East. Watch the full video here.
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Like others have said EARLIER giving it some little thought my head aches as to the opportunities given by the IPO's..
Like others have said sgter giving it some little thought my head aches as to the opportunities given by the IPO's..
By the time they are available i suspect POW will be trading well over 4p. In which case, rather than find funds to use for IPO, i will almost certainly have increased my holdings here. I am trying to some cash from other shares at present to get my holdings above 2million shares. Only when i hsve done that, surely it would make sense to hold POW and take some profits at a later stage maybe only then to consider an IPO. My favourite must be any IPO that involves the Aussie Projects? And i feel the rate they are picking up licnces....there will be more added to his portfolio in Australia?
Each positive outcome on any of the projects would add to the value of POW.
So at this stage i'll give my brain a rest and ponder no more....it's POW WOW for me.
After all won't one eventually sell some or all at your target level. Maybe the IPOs would benefit new investors that missed the boat here?
And is a handy option for current holders to specialize if they so wish?
Hi all. Firstly, I echo what BCB has said about applauding PJ for giving us all the option to invest in the IPOs. On the question of whether it is better to invest in the IPOs and/or POW, only time will tell. IPOs (including spin outs) can take a life of their own (and the stuff i've read about them has been mixed). I'm aware that PJ's rationale includes that the IPOs allow investors to have exposure to particular projects (if you have favourites) as well as their value being recognised on POW's balance sheet, and as they increase in value, so does POW. It is quite possible that one of the IPOs could perform much better than POW for example - PJ himself has recognised that. It's a very difficult decision. At the moment, I'm waiting to see the specific details of the IPOs (valuation, prospectus, IPO offering etc) before deciding.
I asked the question on bmn bb about free shares or discount shares regarding spin of,s. When ATM spun of from BMN. BMN share holders were given 1 free share for every 8.9 BMN shares in ATM. Just a thought
I'm too gonna keep investing in only POW , I like the fact that the option has been given to the shareholders to choose to buy in or not. Just shows more then anything they are in tune with shareholders which is a fantastic relationship to have.
There is no wrong answer , you buy in and good luck or you don't, just nice to have the option isn't it
My thought is,
"Am I better off increasing my holdings in POW"
"Buying into the IPO's"
I feel the same way but there's to many unknowns at this stage.
Fundamentally I have invested in POW but I need to look at the opportunities and how much of an interest (if any) POW have in each.
Shares could be discounted etc but it all depends on what levels the prices are set, difficult with early stages when actual resources / scales are still unknown.
At the end of the day I'm here to try and make money.
I hope this doesn't have an adverse effect on POW, I know they will make money from "spinning out" but SURELY PJ will keep the best projects "in house"
I have limited funds available at the moment so don't know what to do, I suppose at the moment we're only "registering interest"
Hopefully posters with more knowledge of IPO's will post their experiences!
I think Ill be in the same boat. However its nice he's listening to investors and giving people the option.
I am not taking part in the IPOs.
I invest here to have a finger in lots of exploration opportunities rather than single shot explorations.
WED 29 SEP 2021
One AIM-listed co in London has granted a 90-day option to sell their prospective L I T H I U M
licences to another AIM-listed co [dual listed in Australia].
The potential price is A$3m which, if satisfactory to due diligence, is to be paid in script.
The licences are red hot in that they are NEXT TO CORE LITHIUM, Northern Territory, Australia*s next lithium producer of Spodumene [highest quality and lowest cost in Australia]. Core listed in Australia current mkt cap is A$600m although it was A$700m earlier.
As I said, one can sell what is hot property ie hot lithium licences near lithium deposits that are of great interest.LI
I mention this as BACK-UP for what I said yesterday about POW*S LITHIUM LICENCE near Sayona [Piedmont just JV*ed into] in Canada. POW Geo/Consultant said that if they were to find lithium, then the case [as norm] would be re-rate. This was the recent interview PJ & Mr Friesen had with London South East.
News, 29 Sep 2021.
What a superb thread , thanks all for the info , some of it was axctually very useful to me
Some great posts from you news, thank you.
I never back losers...but if i ever did it would most likely be the blatant lies being put on is by CEO's that never back their own company by buying their own shares. There are some really dodgy companies on AIM which i dare not mention on here but soon it becomes apparent ....then i quietly sell and move on. Since my earlier successes with TAN, BEM, MKA, GKP then more recently EUA and GGP which i held each for a real tasty profit...i consolidated my profits and now out of them (maybe i may re invest at some point)
However, over years i have unluckily found some real dogs that were literally a waste of time. I never invest in losers...meaning i don't hold on to them if it is obvious the company is going nowhere fast. They are soon dumped. A short term holding is NOT an investment, it's a trade for a quick profit or an even faster loss.
I buy losers like everyone else does but i soon find out if it will be a long term investment.
By buying at the bottom or near bottom and holding for the long term since selling all my other holdings, i have only managed to find TWO imvestments worth holding in the last 12 months....POW and UFO
All the others are a waste of time or at best challenging and concerning.
I can count at least a dozen Ceos that imo are out and out crooks and at least fout that should be stripped of their licences and JAILED.
I don't INVEST in losers.....
.....I just get ripped off by them.
A piece of research of the highest degree....thanks
Loads of good stuff!
PJ's share holdings was one of the major things which drew me here.
People don't buy 75,000,000 shares, with a pile in his SIPP without good reason!
A BIT MORE TID-BITS
GINA RHINEHART - Australia*s richest woman and highest tax-payer.
She inherit royalties from her father*s mine sold to Rio from recall. Han**** left A$150m but that had to be shared out with her new step-mother. So, say A$75m gross.
Gina Rhinehart was taught by her father about iron ore etc. As you all know A$75m will not finance a big mine. These days, it will not pay for capex [capital] for even an open-pit which will cost more ie some A$90m+. Anyhow, she ran her own little iron ore mine and I suppose one has to be good at finance to manage payments etc. Then, ONE DAY, a major decided to RELINQUISH their licence to a iron ore plot. Gina Rinehart RUSHED IN and got the licence. The rest is history - this is the licence that is now world famous ie ROY HILL IRON ORE mine in Australia. Yeah, just a licence.
Next difficulty- it cost some A$10 BILLION to fund this mine. The money men told her there is NO DEMAND and the prices of IRON ORE is not that good. Anyhow, finally A SYDNEY BANKER [wont mention the bank*s name] APPROVED the loan. Gina Rhinehart did a clip on a party she held and she said it was NOT EASY to get the money. Well, NO ONE gets to borrow A$10 billion just like that when one is not a major. This Sydney banker later came to London to run Sirius and there was difficulty getting £1billion+ finance and the rest is a sad history.
Not all licences have such dramatic stories. For example Core Lithium in NT, Australia has bought a licence from one private co  and they are asking an arm and leg. They have done some work on it and the rest of the licence is prospective. Why? Core is in need to expand their DFS given the life of mine is 3 yrs. If LITHIUM SPODUMENE WAS NOT FETCHING HANDSOME PRICES, then obviously the licence would not cost an arm and leg. Hence, SPIN-OUT ARE ONLY WHAT THE MKT WANTS and its not a matter to just spinning out any ole thing. Hence, POW needs different METALS to strike out at the RIGHT TIME. Dont think there*s no work involved.
They have to do a lot of cheaper exploration ie samples etc or run geophysics.
Why I do invest in POW? I can put my feet up a bit. I know that PJ has £500k invested in POW.
That*s quite a lot of money. He told Sarah Lowther in the latest interview, he has not told his wife exactly how much but will or may tell her later!!! When PJ mentioned that a new person is coming in and he will bring value, I do understand why. It will have to be someone with a name etc and some have already thought it X. Sarah Lowther then asked PJ if he was going to be in operations and he sort of spoke under his breath so I could not get the exact words but I caught the gist. I did know that POW is NOW AT A PIVOTAL POINT - INFLECTION OF THE NEXT PHASE.
I was right as I have followed PJ*s interview and know a bit of how he thinks from these interviews. Today*s RNS about spin-out provides back-up in that THINGS ARE MOVING to the next stage and THE 1S
An IPO is done prior to a stock market listing basically to raise funds so that in this case full drilling etc can be carried out, so as you say the monies raised will go to the company that the IPO relates to.
As I said earlier my knowledge of this matter is limited and I will have to do more research but my initial thoughts are that I would like to increase my holdings in POW first before taking part in the IPO's, but that may change depending upon further detail.
Lot of great info by news and dickie, giving great insight in to what’s going on and what this company will and can do. Only one person is not optimistic, that’s Ayatollah, ignore his put downs
he’s got no evidence to what he says.
Any of the licences spun-out or in-house that HITS good /very good results and could turn out potentially a TIER 1 is where the money is. That is the PLAY BOOK for all seasoned investors.
No matter how prospective, an geological anomaly will remain an anomaly UNTIL DRILLED.
Usually, TEST DRILL is required. For that reason, PJ financed the test drill for Molopo Farms Complex and Kalahari Key had to give up a %.
There is an investor in GGP-Havieron and he was once listed in the Sunday Times Rich List No 389 from recall. He is a big property developer and his building is famous in M/CR. He had 6% in GGP. Just imagine, GGP hit £1bn + at one stage. If he kept to that stage, that*s £60million+ given the mkt cap went to MORE than £1bn. So, same with POW and the spin-out ie same principle if the spin-out do well.
Andrew Bell has a lot of connections in the mining industry. Hence, why many of the licences are in Africa. Bell is also Australia so he is familar to that part as well. PJ is the money man given he is a CFA [Chartered Accountant].
I recall that PJ had left GGP but he tweeted that the technical team he contact gave an opinion on Havieron*s results. Whilst the forum folks were not happy as one is not sure what they expected but to the industry as Mr Heddle said, they thought it was fab, kinda thing.
So, I end . I would not have explained if one is not postulating about licences. There are LICENCES and licences. You and I going all over to peg for licences is no good given one does not have enough of geo knowledge to know if it is prospective and how big. Then, there are geo*s and hall of fame geo*s.
PJ ran GGP & Metal Tiger. They were very successful and First Equity said so.
His skill? Financing and re-structuring GGP post the Ernest Giles event.
Then, he interviewed Gervaise Heddle from Sydney to take over as CEO. The rest is history.
I dont know much about Metal Tiger because PJ was not a very known quantity then until Metal Tiger got Sprott investment.
Most co*s that PJ has invested in are around the 3%+ area and max 6%.
However, for POW, he now has 9%.
My take only is that in the SPIN-OUTS it is to supply the POW treasury with ££. He also said so.
Why? Look at Alba -Greenland assets + Welsh Gold mine + Horse Hill went no where as the market does not rate each 1 separately. So, the spin out of Green Roc at £11m vs Alba*s mkt cap of £14m. Makes sense?
LOTS OF LICENCES
One in particular does not understand. So, I will explain. Licences in themselves are NO use if they dont come to anything. In WA, Rio staff are said to have had to use their credit cards to pay A$60,000 for the Winu licence in WA, Oz because it would have taken too much time for the HO to put through the application etc. Well, after a few drills [test], Winu is now a world class copper find/discovery.
Once the initial results came out Hole 1-5 and later 6-9, Lenigas quickly told the MD of Artemis to take the LICENCE next to Havieron ie North. Rio also wanted the licence but they were too late by hrs only, 1 from recall. Land tracts are vast in Oz. Pegging licences cost money. There are lots of licences but the RIGHT one is important.
The MD went out to Havieron and said that Newcrest/GGP JV was heading towards their Artemis licence. I told the GGP forum that and all I got was screaming. The MD of Artemis tweeted it. Now, the GGP posters find that NEWCREST JV/GGP is DRILLING NORTH OF HAVIERON AND HEADING TOWARDS ARTEMIS*s BOUNDRY. Lenigas has experience and so they do look around the land to see and check samples etc. If it turns out that the MINERALISATION EXTENDS TO ARTEMIS BORDER LICENCE with Haiverion, they could also have a win if the ANOMALIES are next drilled.
Same with PJ. He has had to hire Mr Friesen, a Geo and Consultant. So, its not peg any ole licence as one postulates. Same with Wallal - NEAR RIO*S WINU. IF THE GEOPHYSICS-MAGNETIC HIGH TURNS OUT, that will be something as norm or else ....
So, some of the spin-outs are to make sure that POW does not come to market to raise funds if possible. To do that would be to sell investments once they make money from them to replenish the treasury, spin-out to also get free shares and ride exploration without having to finance the test drilling. For those with prospects like Molopo Farms Complex, majors have approached Kalahari Key but they dont want to JV. PJ said that at such an early stage, you dont get the value. So, using money from POW, they are testing the few holes themselves which the major may have financed but a chunk has to be given
Thanks for all the expert input on here everyone.
Two things look very clear and positive to me, imo.
1. Unless PJ fails to deliver he is going to be a very sought after CEO with a huge following?
He's on a mission? He's hit the ground running!
2. If he delivers on his promises, he will make a lot of LTHs very rich.
One cant JUST IPO a co. In the LISTING DOCUMENTS, one has to make clear the
prospects, potential etc.
I have seen the ORIGINAL SIRIUS MINERALS IPO listing document. In the IPO, it was NOT the potash at York that was the prospect but a gold prospect. It depends on the time of the IPO and as to what is of interest to the MARKET and has potential or PROSPECTIVITY.
So, clearly NEW BALLARAT GOLD CORPORATION is able to IPO given the interest in the Victoria gold fields. More so, that ECR is also drilling and exploring CRESWICK, north of the BALLARAT MINE. POW*s NEW BALLARAT GOLD CORP is S O U T H of BALLARAT MINE which had 14 million ounces of gold at 12 g/t per the website on POW.
Why is New Ballarat Gold Corp of interest? First of all, the GRADES tend to be HIGH ie Ballarat Mine at 12 g/t and currently over 5 g/t. With higher grades, it is CHEAPER to mine naturally.
NBGC has TAKEN CHIP SAMPLES AND VERIFYING THEM SO AWAIT RESULTS.
Why should there be interest? More ASX co CONCENTRATE more on licences NEAR FOSTERVILLE MINE, further North of Ballarat Mine. BOTH BALLARAT MINE & FOSTERVILLE ARE T H E mines in Victoria Golden Triangle.
There are ONLY so many licences NEAR Ballarat Mine. POW has pegged many of them and have found 2 lines of channel -lodes that lead to Ballarat. The strike is over 9km from Scotburn to O*LAUGHLIN and the other from ENFIELD to Ballarat.
So, in the LISTING DOCUMENTS, its NOT ON N O T H I N G as being postulated. THEY HAVE TO PASS REGULATORY CLEARANCE TO LIST with necessary prospectivity etc.
I dont have the LISTING DOCUMENTS and one has to WAIT FOR THEM TO COME OUT UPON THE IPO.
PJ just did a short clip. Whilst POW takes down the names, they pass it to the B R O K E R / S that will be involved in the coming IPO. It may be DIFFERENT brokers as norm as its usually given out to different brokers who specialise in certain jurisdictions etc.
Why? PJ explained that the broker has to make sure that REGULATORY forms etc are COMPLIED with. Same with one*s broker eg ETF*s - one has to click one understands the risk etc.
So, NO M O N E Y goes to POW.
The spin-out co is run by a SEPARATE BOARD OF DIRECTORS with separate accounting and under either AIM or the main LSE mkt.
POW will retain a % of the spin-out and it will become an INVESTEE CO.
Often, one hears on Twitter that certain BIGGER PLAYERS PARTICIPATE IN IPO*s. Many dont know how to register given which broker is doing which IPO etc. So, unless one has more contacts, its quite hard to participate in IPO*s. For this reason, some of these bigger players are ALREADY REGISTERED and when an IPO comes up, the broker gives them a call etc as norm.
So, PJ is merely FACILITATING this for POW shareholder IF THEY WISH TO PARTICIPATE.
I am rather surprised this is not understood? No money is going to POW from the IPO.
In any IPO, there is a need to produce LISTING DOCUMENTS which gives a lot of details about the project etc and sometimes with valuations as well common to American IPO*s.
PJ to all POW investors, I've thought of another way to transform your money into my money and after you have carried out the transfer, line up like lemmings and proceed to jump off the cliff.
He wants to create IPOs out of companies that ,apart from PJs promises, have not produced one worthwhile result across 13 projects. Lordy, Lordy PJ you are not the messiah, possibly a pariah .