Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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It's well worth looking closer. Sorry if I came over a bit strong, and also my typo for epithermal somehow being epithelial
Have a great easter break all and let's see what q2 brings
Thanks Tiger - all noted and I will take a closer look at GMET over the weekend.
Having been involved in a number of penny shares where consolidations proved disastrous I have a feeling that this one has been done for the right reasons and we will see an increasing interest and share price?
Additionally Legal, GMET has increased the Garfield footprint by over 10 fold in the last few months, found bonanza silver grades as a kicker to the copper they're chasing which brought Oliver to the postulation that it's an epithelial action over a porphyry intrusion that they're actually now looking for.
An RNS recently released includes...
Crews from the Company's preferred geophysical contractor, SJ Geophysics, have been on site for the last few days undertaking a detailed high resolution ground magnetics geophysical survey and this work is progressing very well.
§ This work is to investigate the Company's postulation that there could be additional key potential porphyry intrusive centres to be discovered across Garfield, which if proven correct would further significantly increase the prospectivity and inherent value of the Project.
'Tortoise' is quite an insult to Oliver's pace of work in my mind, I've said a few times that he's giving a CEO masterclass to a lot of other AIM Co's! If you want to see slow, check out UFO for a complete lack of coms and milestones achieved, they really are truly shocking and make me really appreciate the POW stable!
Can sell holding of 300,000 shares - no problem!
Sit tight
Thanks Ice - GMET has been on the radar for a while, so it might be worth taking a closer look.
Taken some today.
Recent Saudi news not yet sunk in - huge
Legalwolf , you raise a question about GMETs US Grant Funding. Clearly it is in process and they seem confident they will get a grant, however the timing of it is entirely in the hands of the US Government Department that will grant it. Because it is for US strategic purposes one would imagine sooner rather than later as the ban on Tungsten from China will start in 2026.
In the mean time a couple of weeks ago money was raised which will get them started:
“ The £750,000 raised will be applied to the Company's working capital and the acceleration of exploration and project development activities including, 1) next stage exploration at Garfield, 2) commencement of key permitting steps relating to the development of Pilot Mountain, and 3) diamond drilling of key exploration and resource infill targets at Pilot Mountain. Further details on all of the above items will be announced to the market in due course”
It will take at least 6 weeks get the permits and they have funds to start the drilling. I imagine they are hoping to get the grant in the next month to six weeks so they can upscale the drilling.
I actually reckon Molopo drills will come back negative, but I've not bought in solely for Molopo. I still think this will head north from here.
The issue I have with the ipo spin offs is its moving buyers focus away from pow and the more ipos they have the less each company will have in small investors as ourselves. The sp will go up with the ipos and pow will make money, but if like some people who's been in pow for a while; I'm in the red and the sp isn't following suit with the ipos. Sean says power Arabia will be good for us shareholders at pow. I'll wait and see if that's the case. Today's sp is still around the same market cap. as before at around 0.70 before the consolidation.
If molopo comes back a dead duck, we should just get rid and bury it imo. Fingers crossed its alive and kicking
I haven't followed the IPOs in any great detail, so I suspect the below remarks will be unfair, but it does seem to be the case that the IPOs themselves are also progressing the projects they inherited from POW very slowly. It's almost like a family of tortoise have been created here, with POW being the slowest moving one. Take GMET for example, is it any closer to getting grant funding from the US? What about the others in terms of how close they are to a commercial discovery?
Legs
I fully agree with your post, POW business model has not and will not sit right with the markets unless a substantial discovery is confirmed , which up to date has not been the case
And until this happens the company which needs cash to function will burn the limited cash it has and soon or later will have no choice but to tap the share holders with yet more rights issues
Having so many projects without any viable income from any is a catch 22 situation it may be wise for the company to try to reduce its holdings to what they believe will eventually yield to some decent discovery and try to put up for sale those less likely to show anything in short term
Having ventured in KSA may yet prove wise in long term as this is a completely new and some might even say Virgin mining area where not many mining players have bothered to enter yet so in a way being first there may prove a wise decision
However like you I bought this when they hit 3.5 a few years ago when every share tip punter was tipping them to hit 10P I. Medium term!!! How wrong they all were
I can’t see these hitting 70P for me to break even unless a vastly major gold discovery and that is a big ask
GLA
I don't mind the share consolidation though. I think the reasons provided for it seemed reasonable enough. It might appeal more to new investors to have less shares in issue, better enable the share price to gain traction and have less volatility. But let's see. GLA
Stay focused. Time will tell IMO
Results!
I agree with PFG on this one. I think the market is waiting for results in the form of an actual commercial discovery, whether that is through POW's own projects or through its spinouts. The IPO model in itself has not yet demonstrated that it will drive POW's share price and hence provide a return to its shareholders. I'm not convinced that the upcoming IPO will do so either. Furthermore, if the first commercial discovery comes through one of the IPOs, it remains to be seen whether that will benefit POW's share price, as opposed to or as well as the spinout company that makes the discovery.
The business model here is simply not gaining traction. Maybe it's too sophisticated for the average AIM punter. I do fear that adding projects like the recent announcement re Saudi is just going down the same old road of using up more precious cash for little return or recognition.
I'm not holding out much hope of getting back to my average of 2.3p (pre consolidation) any time soon, but not completely giving up on that either.
I listened to SW rant on the Sunday Roast over the weekend - with some sympathy, but also a little incredulity. As a CEO you should understand the market you're in and knowing that you should understand how the market will react to various activities/actions - yes these change over time, but generally you should be aware of the trends, especially if it's retail driven - and despite raisings at premia from large private investors the POW sp is largely driven by retail.
I didn't take a rocket scientist to work out what the retail reaction would be to a share consolidation, initial sell off prior to and the inevitable discount afterward.
Where we are now. That's the market you're in, there's no point ranting about it you function within it until you make a bigger change or the nature of the market changes.
The market will react favourably and probably supportably when POW actually delivers results rather than more POTENTIAL. This is why I've resisted investment in POW but gone direct to GMET
So we all think Sean Wade has put in circa £125,000 over the past 12 months (at an average of about 16p / 0.8p pre-consolidation) just to consolidate the stock a few months later and go on a dilution mission to erode his own funds that he just recently put into POW? Common sense states the Sean isn't going to dilute POW holders to death. Common sense states that this is being done for the OTC listing (which is already making some sort of progress if you check out the OTC POW ticker on the OTC website) and for the price to look more attractive to HNW investors. On the HNW investor point, I'll only believe that when I see it however.
Will Sean potentially get some more strategic investors on board through recent Saudi Talks, Rick Rule contacts etc. I would certainly expect so but all will be done at a fair price to both the incoming buyer and POW shareholders. Just like we have seen a strategic premium raise with the past couple of months.
Company now worth more on paper due to the millions POW holds in investments, cash in the bank and pre-IPO investment valuations.
Sean Wade one of the few good guys on AIM if you ask me at the moment. Extremely knowledgeable and just as frustrated with the SP performance as all of us lot on here.
The average AIM punter seems to use SP performance as the only indicator of a business's performance which is bizarre in my view and using that approach is a clear way to lose money. Loads here with an average of 3p (60p now) after piling into a business in 2020/21 which was worth a couple of million on paper but the market was valuing it at £35mil+.
Now the business is worth £15mil+ on paper with solid potential in Saudi and the Uranium space to come throughout 2024 but no one wants it. I'm personally filling my boots here! Fantastic opportunity in my view.
The main reason is , people sometimes just sell on this sort of news because they are uninformed , in reality - the spreads get wider , and narrowed - there is no evidence to show that this is what “always happens”
Yesterday we caught some Big buys . The consolidation has happened 20:1 . It makes 0 difference to the value of the share
Look at it this way - they have just replaced x20 £1 coins with a £20 note.
Dead is word
Thank your lucky stars that the share hasn't plunged which is often what happens after consolidation, no matter how sound the company and prospects are. I have never had a share that has been consolidated, despite the good reasons for doing so, that has increased post consolidation. Perhaps this will be the first! I don't know why it is but it is. GLA
Speculation - it doesn’t specifically say a raise does it !
That video on you tube, says they want to attract more IIs so a raise is coming, yet again. They will decide what they want to pay for it and we wont or can do anything about it.
Stock box :)
9:57 POW
17:28 FDR
https://youtu.be/SU6r5QtDtas?si=7EOsl5_XjG8WuSo6
Who would have thought that a share consolidation, which in essence is just a journal entry, would lead to our SP being marked down. Absolutely no reason for it. Money grabbing MMs taking the opportunity to shaft PIs yet again.
Https://youtu.be/i1Cx-2MwBEI?feature=shared
7min49
If anyone hasn't seen this already. Explains the reason behind the consolidation