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The US buyers can buy shares on the UK market, which is almost certainly what they are doing as the OTC won’t have liquidity. It appears from his interviews that Oliver is planning a big push to attract serious US investors. One would imagine there will be big interest in the US for a strategic tungsten asset in Nevada.
POW own 61% and 2 other holders have 10% between them meaning that the free float is quite small. The warrants that are likely to be exercised soon are mostly in the hands of POW and those 2 large shareholders so they are unlikely sell their new shares or sell any shares to fund the purchase of the warrant shares. Serious US buying is highly likely to push the sp up quite sharply.
Best price I can get for 100,000 (can't get a quote for anything over that) dummy is 14.94p, so not seeing any volume come into this rise. If you're buying for 3 yrs no worries, otherwise I'd caution chasing the offer.
I can see only 2 reported US trades since the 13th…..
https://www.otcmarkets.com/stock/GMTLF/overview
Sit tight brokers after your shares! IMO
Spread 15-17
I think this may rise from 3pm again today.
@Tiggrr good top-ups, I was thinking about it but decided to hold off.
What's putting me off a little is the amount of excited coverage Snnday Roast & Archer (not to mention the obvious ramping by that TMS crowd) are giving this, feels like they're almost pumping their stake - in contrast to OFs balanced thesis and reviews.
At the end of the day nothing concrete done since the Garfield drill results, apart from OF rereading historical results and making educated conjectures.
Everyone is getting overly excited about a US gov grant -but as I point out BRES was awarded $5m, in tranches, rec'd $2m todate and honestly it's done nothing for the share price.
I worry that when facts fall on a 'hyped' share price reaction might be swift.
Potential here is great, I think, but we need far more activity with the truth machine (drilling) and I won't get carried away chasing this until then - in fact if it looks like it's getting carried away I may even take some off the table.
I topped up with my Q1 alloxation on Tue in a few tranches between 13.1 and 13.9 .It looked to me like the dip of the consolidation pullback after the recent rally up to ATH's. Hopefully I was right.
This just feels to me like major news could drop at any time. I could be totally wrong and it could slowly drift back down to 10 or below but IMO I really doubt it!
Let me correct that: OF in a private conversation with one of the Sunday Roast guys which was subsequently reported on their podcast said that although he had been approached by parties looking to buy-in told them they'd have to buy on the open market as there were no current plans for a raise (as far as I can remember that was within the last month). He's indicated in this podcast with Archer that he's more or less open to US investors buying privately.
Between that potential and the almost certainty that the in-the-money warrants will be exercised looks like some dilution coming our way, which is likely to be a reasonable % as we've only 85m shares,
Now, I don't think that's anything bad, especially with the amount potential drilling across the tenements we could apply those funds to, but it would dampen my eagerness to execute any top-ups whilst this SP is being bid up and nothing concrete...not to say I won't wake up next week and just say damnit and buy...haha
Sounds like OF has changed his mind from a previous recent interview about allowing high networths buy a strategic stake, particularly US ones.
Half expecting to see something soon on a private raise soon.
The blue roll on
Https://twitter.com/that_stocks_guy/status/1760247672802349384
It was released this morning andvthete's been lots of chatter on the telegram group today, Oliver gives an hour long interview to Charles Archer ( That stocks guy) going into all the projects, I'm just re listening to it in my workshop
Checkout the midweek takeaway from Sunday Roast on Audioboom. I'll try and share but it might get blocked
After America opening, someone buying on the other side of the pond?
Or the old fav. must be a leak!!
Thanks Guys - the only counter-argument for the 'meh' side I would put forward is the world is not short of Lithium deposits and brine extraction usually requires huge upfront capital investment.
Still nice to have another resource on the property - if it turns out to be.
SP motoring this afternoon - I'm putting this down to sentiment rather than anything else, but I'll take sentiment any day of the week to drive share price (just haven't seen it in a while in this market)
You beat me to an answer TIGGRRR - but here is my two penny worth:
The untested conductive anomaly extends through the GMET claims Kibby north and Kibby south (3:10 in the video).
KB2-02 was drilled about 250m from the GMET Kibby south boundary (5:30 in the video).
This hole intersected 170m of lithium rich clay and also lithium brine but it did not go as deep as the conductive anomaly - (c5:10 in the video).
The section AA' shown in figure 3 is about 500m south of KB2-02 (8:00 in the video) . This section includes a very strong conductive anomaly that is very likely to be lithium brine, which, I assume, from what is said in the video, is of much higher concentration than the brine already intersected by KB'-02
250 m, the tech walk through video Oliver does explains it really well and also more importantly why it hasn't been progressed further. GMET now hold the land bothe to the north and south and also the previous drills didn't go very deep. Oliver explains how the main conductor is actually below the lithium rich clays that were drilled so is quite possibly a big Li Brine resource which has never been reached and therefore never tested. Given the owners of the claim to the North of our Kibby South (which is where the drillhole in question is) are still in a big dispute, there's unlikely to be progress of that resource by the neighbours in the near future. All we need now is for the price of lithium to properly bottom out and start marching back up, like you would expect in a world of eletrification
He did say it was 250 metres from their license boundary? Right?
I mean that's nothing - or was it Km?
Https://twitter.com/i/status/1758783955484942585
10 minute video explaining the main conductive anomaly and why it has not yet been explored with the drill bit.
Jeepers, OF better reread all those old exploration reports again this week and find something else, otherwise we're drifting back to around 10p, haha.
ON second thoughts...let the drift continue, please.
OKAY this is good news to see the warrants are being exercised - I'm wondering how much short term pressure it might put on the SP if there's now a rush to finance the exercise (?)
Let's see.
Also worth pointing out that BRES has rec'd DFC ($5m) grant and sp is drifting - grant funds not necessarily the panacea people might be hoping for. Lots of variables in the pricing equation.
But for sure, if this drifts below 10p I'll look to pick up more, even on no new news.
I think it is important to remember when discussing POW that the last 2 years in the mining and junior mining space have been dire. There has been little interest from investors and funds have been hard to come buy. POW has suffered because of the market and it’s not POW specific. The market is expected to turn this year and don’t forget that Rick Rule became a shareholder last year. I imagine he was attracted by what is now GMET in Nevada which is the number 1 US mining area and in my view the jewel in POW’s crown. Having listened to the POW CEO on the Sunday Roast we will very soon get an announcement about the Uranium spin off company which will hold some but not all of POW’s Uranium assets. Also there will be announcements regarding Saudi Arabia which POW is very enthusiastic about.
If GMET secures the US Government funding it seems very well placed for, we could see a rerate in the shareprice and that should also lift POW.
Another snippet today from the same us commentator: https://youtu.be/B5Lt9GG0WcY?si=mfB9xrrLc3LNgfMa about 8mins in