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Some sales going through at 14p whereas my barclays ISa has it at 0.75p and trading of it not allowed
Do your research before buying!
Before African battery it was Sula gold. Consolidation does seem like a con, billions of issued shares, now looks less liquid. Hopefully this company will do better than the last two.
At 13.75 brilliant price after the consolidation! IMO
Lol I was in this years ago when it was African battery metal I think they did a consolidation aswell. Now POW they've done one aswell future name possibly COW their only going to keep milking this baby..... what a con job but gd luck all holder you will need it
Got excited there, thought I was up £30k 😂
Consolidation
L2 showing 14p
If only
Https://www.evmetalsgroup.com/
https://im-mining.com/2024/01/15/ev-metals-group-and-metso-to-build-lithium-chemicals-plant-in-saudi-arabia/
A bit more background on EVM from the rns this morning
POW Mother Fxxx
I like that
Well I've topped up again today (showing as a sell on here). I like the diversified nature of the business in what is a high risk area. I'm hopeful we'll see a steady rerate of the SP throughout 2024.
There should be another rns coming up with the opening sp for tomorrow?
Any ideas what we think it will be?
Hopefully, soI001 that’ll be what make this SP rise above the 16% we had today. Then real money can be made.
I wish I could take a profit pete lol! I've been stuck in the red since before pj left and the more ipos that are being released and less buyers here is keeping us dragging behind. Hopefully with consolidation and OTC listing, this will bring in more buyers from over the pond
Jacktrade, you have a great name. Trading small caps is what it’s all about. If you invested here 2years ago you’d be on a loser.
'The thing with pow and most small caps is the SP will only get so high before they’re sellers.'
What you mean like literally every other financial instrument?
The thing with pow and most small caps is the SP will only get so high before they’re sellers. It’s about making money , a day traders paradise. Never be afraid to take a profit.
OTC listing for POW looking very close now too.
OTCQB certification posted on the OTC market website under the ticker "POWMF" yesterday alongside all the relevant latest POW financial statements in order to meet the listing criteria.
Consolidation vote approved this morning, so probably just a bit of compliance/legal work post-consolidation and the OTCQB listing may well proceed in April 2024.
Link to the POW OTC listing page is a follows if anyone is interested:
https://www.otcmarkets.com/stock/POWMF/overview
Even if the UEE IPO goes ahead I wont be moving a lot over there.
POW will probably have between 30% and 60% of UEE so you will get a chunck of any UEE upside
Plus if you move you will miss GMET, Sudia FCM and FRD
Surprised we’ve not had a bigger volume of buying here, the update was very positive in my opinion.
Hopefully the next 20 bagger
As Rick Rule has explained my times, his modus operandi is to invest in the top co i.e. POW in these types of models. Not the subsidiaries. He will be telling his guys to buy in to POW I would imagine, not the spin out cos.
Markets are terrible at present for raising capital so the options for POW are:
1) Sit on 100% owned assets that they cannot get the capital for to progress unless they dilute shareholders to death, or;
2) Reduce their holding in some of their 100% assets down to 30, 40, 50% for a cash free ride in a separate vehicle which costs POW £0
I know some like the higher risk approach of Option 1, but POW are going down the Option 2 route and this has been communicated for some time now.
POW will retain a few direct 100% owned projects (Molopo, Tati etc.) for future exploration and/or future IPO vehicles but most of what POW own directly will soon be moving to an indirect stake I would guess in a spin out co. Cash burn reduced, risk reduced, activity on assets increased, balance sheet value increased. Anyone looking for POW to do huge risky drilling campaigns is going to be disappointed.
Balance sheet is the focus here, not throwing the kitchen sink at cash sapping lottery drilling plays unless the drilling is being done by a separate vehicle to POW. The UEE IPO, Saudi IPO, GMET etc. will be where the fireworks will occur. Most on AIM just don't understand a balance sheet unfortunately and seem to think the odds of drilling successes are far higher than they actually are!
Its a fantastic update and all credit to Power for executing this deal.The market for small caps will turn the tide and rate cuts could just be the catalyst required which imo are just round the corner.I think this is one of the best run junior explorers on Aim and frustrating as it is ,the mkt has it at a significant discount to its incredible potential. Once the super cycle in commodities takes hold ,the juniors will fly and Power will be at the forefront .
If pow doesn't do something to raise the sp here and bring in more investors. If all the Uranium project moves to an ipo UEE I'll move everything out over to there. Even Rick rule has an interest in the Uranium side and I think most investors here will end up moving over dragging down the sp here