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Hi Bit
With so many irons it's going to make a nice set of golf clubs! ;-)
Power to the people
Power to the Metal
It is a great stock....
I am thinking the JV with Kavango is going to be worth our Market Cap alone....
We should be going loco in Molopo soon too.
So many irons in the fire.... Building an Empire.... most on this board will be part of it.....
24 months down the line..... This investment is going to get me a Front line Sea Front Villa in Holetown Barbados...
Kavango is going to buy me Barbados.. :)
Think big.... and be humble.... !
All the best
Time for another RNS Mr Johnson !
Lovely buy showing!
Nice 2mill buy at the end showing
RNS out, Insider warrants being extended again until August.
ATB . Sax
200sq.km granted and a further 2,000sq.km in Application
In that stockbox interview, both the interviewer and Andrew say that there are 200 sq. km of licences granted, but according to rns 29'th April.... "The seven granted licences in Victoria now cover an exploration area of 848 sq km, including numerous old mines and workings and identified geological targets."
So is it 200 or 848 sq. km ?....apologies if I am missing something.
If it was my decision I would drill before IPO
You need a balanced mixture of the two; successful drilling post an IPO will increase the value of POWs holding enabling shares to be sold at a profit to fund internal projects; however, it will take a successful drill of a fully owned POW project to drive the sp significantly higher.
You may well be right about the warrant extension although PJ had a recent window to buy more shares at market price so curious that same window wasn't used to exercise the warrants as well.
Finally, there is a stockbox interview with Andrew Bell for the RRAL JV just out
https://twitter.com/StockBoxMedia/status/1393899058549469186?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
I would not be surprised if the exercise date for the warrants is extended again.
With regard to South Ghanzi project, it is obvious that Paul and the team are very excited with the results so far and are eager to get the drilling on the project. The question is, will they drill these targets before the listing of Kanye Resources or after ?
If we decided to drill just one or two holes on a couple of the targets, and the results were good, then this would create a lot of interest in the Kanye ipo and probably increase demand, sp etc.
On the other hand, if the ipo comes first, then the financial cost of drilling falls on Kanye.
Which would be more beneficial for POW?
Anyone with any views on this ?
Long term great hold at these prices; short term only thing likely to move the share price is a discovery following diamond drilling and only Haneti appears to be planned for the coming weeks with rest awaiting IPO or planned later in the year.
Directors warrants need to be exercised by cop tomorrow:
Paul Johnson 10,000,000 1.0p
Andrew Bell 10,000,000 1.0p
Red Rock Resources plc 20,000,000 1.0p
Given the level of ongoing operational activity there is a material likelihood that the receipt of price sensitive information could frequently restrict the ability of Paul Johnson, Andrew Bell and Red Rock Resources plc to exercise the February 2019 warrants.
Reflecting the above the Company has extended the Insider Warrants expiry date by three months to a new expiry date of 18 May 2021.
I am in both POW and KAV and have also pick up a small holding in EVA an interesting miner listed on Aquis but looks as if it could move into a higher board.
For this year I would say 6 to 10p but beyond then I'm in agreement that 300 to 600 MC will be reached for the more patient..
POW & KAV are my two biggest holdings, and I am feeling very confident about their prospects.
I have got some Tin exposure via GUN and their Anglo Saxony investment.
No doubt about it that POW and KAV are going in the right direction in terms of the commodities that in demand for some time to come, along with a few precious metals camps. It would be better still if POW got into a jv for a tin resource/mine at a early stage. Most bb,s talk about copper nickel and lithium for the battery packs for cars/storage etc. Rightly so. But tin is currently in very short supply (almost critical) which is used in all your electronic devices plus many other industries. 12 months ago it was just under $12.000 a tonne. Now its well over $30,000. In my selfish opinion, I think PJ should look at tin for a future play.
But like I said that's me being selfish as I already have a tin miner in my PF and doing very nicely. See what the week ahead brings to both camps. Gla
Yep thats exactly where I think we are going a Mcap of around £500m
MY feel is that this share should easily make the 20's in time! IMO
Range of 300-600million
I'm also feeling very hopeful re POW and building a decent stake. It is extremely cheap at the current price levels. I expect this to start re-rating and the trigger for this I think will be one or more of the following projects 1) continuing positive results coming out of Molopo/Hanett signalling the first major discovery, 2) a date for the first of the IPOs, 3) commencement of drilling in JVs with either RRR or KAV, or 4) sp starts to move north without news and creates FOMO on these cheap price levels. I expect us to multibag from here before the end of the year, but the only ? is by how much?
What are people's sp projections/hopes for end of 2021?
I never have more than 15% of overall portfolio in tiddlers and currently that entails POW Mobile Streams and Iconic Labs and whilst I'm utterly confident of all 3 (having got into Icon at lows) Power Metal Resources is the stand out portfolio addition
Other 85% is in blue chips that never let me down but POW is literally retirement time even if this only reached 10p and I have little doubt that's only the start
Delighted as always to be on board here