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Was convinced this was going to drop after consolidation like every other share I've seen but it hasn't and is showing strength so I am now buying and adding. Looks extremely promising now with new listing
9.30am to 4pm. From 14.30pm our time
What time does the USA trading begin ?
Will be interested to see what happens when that opens up
Also worth noting is the fact that NO extra shares to be added
The US market is where its all at and this is a relatively simple entry point into the 'CanDo' philosophy where investing in the market is 'normal' for the average punter. Unlike the UK where the suits MMs and all the hangers on dominate and seem to think the market is for them to wheel and deal in to the exclusion of ordinary investors.
This is what its about
Through trading on the OTCQB, Power Metal will be able to engage with a network of U.S. investors ensuring that they have the same level of information and disclosure available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQB trading facility will provide U.S. based investors with the ability to access the Company's Ordinary Shares in U.S. dollars during U.S. market hours.
I would agree with you there Wiltshireman. Look at saudi arabia at the moment with how much development they are doing for their country. We can't even complete a high speed rail line.
Pow is definitely heading in the right direction imo
If accepted this will really help POW and our share price. This has given a huge boost to Union Jack Oil one of my other holdings for the simple reason that such companies as ours are more highly valued in the US . AIM and FTSE need to wake up and smell the coffee if they are to survive and prosper. UK is stuck in the last cenury.
Great news and a huge step forward for pow
Here's a link to the otc
https://www.otcmarkets.com/stock/POWMD/profile
I've topped up considerably here over the last few months. By no means "all in", but even a moderate resurgence in the SP would be quite nice.
I agree with most of what you say, Tray, except that POW is "worth far more than £7.5mil in a half decent market." The assets you list are worth closer to 75m than 7.5m even in a dire market, imo.
I would be amazed if we decide to sell the UEE stake for less than 20m - the uranium bull market it going to be "long and strong" (so to speak) with demand drivers for the next few decades and supply challenges remaining high; I would be willing to be that if UEE was currently listed as a stand alone vehicle right now, it would be worth at least £50m mkt cap - when you compare it to things like ARCM and EUA, it's a vastly better proposition, in a vastly better postcode.
I ask myself, if the market cap is currently about £17.5mil and listed investments, cash in the bank, GMET warrants (in the money) and the RRR NBGC deal is worth circa £10mil, then is the following worth £7.5mil:
- Molopo
- Tati
- FDR IPO (pre-IPO valuation of £2.6mil)
- GSA potential revenue stream (company is already profitable before scaling up begins)
- Saudi IPO (pre-IPO funding round happening shortly)
- Uranium IPO (pre-IPO valuation of £1.5mil but looks like a far better deal on the table)
- New Horizon Metals 20% upon listing (most likely on the ASX)
- ION Battery Resources future IPO
- Minority stake in Haneti (closer ties with KAT now so progression on this asset my start up again)
- Minority stake in Silver Peaks
For me the answer is, yes that list is worth far more than £7.5mil in a half decent market. The Saudi IPO alone could be worth that for POW. GMET could easily add £7.5mil to the POW balance sheet upon grant funding for example.
PJ used to always talk about POW shareholders having many shots on goal, we haven’t scored yet, but for me we have more shots lined up than POW ever have since I became a shareholder in Sept 2020.
Jan 2021, POW was valued at £39mil and had £500k in the bank and a couple of licences. When the market overshoots POW’s valuation again, they have x10 more going on. Commodity markets starting to click into gear.
It won't be RRR after the disposal RNS on 13th March.
As a direct intetest I've always wanted to see Tati progressed. The fines dump has been moved somewhere and Tati always seems to be mentioned in the same breath as "interested parties" or "small scale jv miners", it'd be good to see that move forward but Sran's interest seems more focused on Saudi and Uranium.
GMET has some fantastic looking Au and Ag, the recent grab samples from Garfield even surprised Oliver. This is from a post of his on Telegram last week
Commodities getting very exciting. As a reminder we have 6,600,000 ounces of silver (I&I) at 19.38g/t as a kicker at Pilot Mountain (currently defined) and bonanza silver grades (1225g/t) at Garfield. One of the reasons our portfolio is so fantastic, gives exposure to so many amazing metals.
Also they have Golconda which was their first asset which is searching for a Carlin type gold deposit
Tati--POW
Garfield--GMET
Australia--FDR
Hemlo, Sunbeam, Kerrs--FCM
New Ballarat--RRR
Anymore POW gold interests above those, which one of those got the 'multibags' in it if gold does $3000+
What is the main 'gold investment' or property would you say on the books? Tati or an investee company project?
Just thinking of drivers in a 'hot gold market' for POW
James - I don't agree that consolidation has hit the SP, its up on the day and is doing rather nicely at the moment. Just about every consolidation I have had shares in have been hit hard following consolidation in the past, mostly for no good reason, so if we can continue as we are the further we are on from consolidation the more likely we are to stay strong. What would be nice is some good news but Molopo is by no means the key especially with our exposure to gold , copper and uranium to mention but a few. GLA
They did say on the event announcement on the website that a video would be posted after the event but so far there is no sign of it.
I take it no-one has seen a video of this posted anywhere yet? I've been asking on the telegram group also but to no avail.
There is always one in the room . “still time “
It's good that the molopo, they are continuing drilling around and waiting for good results before releasing any news to the market via rns. I'd rather them make sure they have something worth reporting, then rushing out poor quality assay results
Looking forward to more news about the new deal you mentioned bobbust. I'm curious what this could be. Hopefully something exciting that will push up the sp :)
Seems to have been a success. For the first time in all the consolidations I have experienced this SP hasn't tumbled but I guess there is still time.
Many thanks bobbust for your report.
Cheers Bobbust. Just shared your points on the Proactive Investor Presentation on the POW Telegram board. Not sure if you are a member of the POW Telegram Group.
UEE they are looking to remain involved with any potential partners after the deal is done
Arabia progressing.
New deal shortly. And more to follow.
Been talking to money people over there.
Arabia IPO will be the biggest spin off to date.
FDR is champing at the bit to get going. Could be news shortly. Drill targets ready for 1st day after IPO.
UEE IPO effectively on hold. More chance of a deal with a third party.
Molopo. Very interesting chat. They decided to drill again because it's huge and although the 1st drill did not hit great grades it did prove that the geology is right to produce nickel. So they have refined where to drill and are hoping/expecting to find it in meaningful quantities