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If everything was kept under POW you would be diluted to death if you wanted any progress!! You are judging the POW model based on the SP performance in a poor market which is affecting all junior exploration companies pretty much. I don't make my opinions on POW based on its short/medium term SP performance. I only use the SP as metric when I'm buying or selling. And the SP today screams buy. I view POW on the value it is adding to its balance sheet as that's what ultimately this model is all about.
I'm not happy with the SP, far from it! I'm sure every single POW shareholder out there is unhappy. I'm pretty sure Sean Wade is banging his head against his desk on a daily basis too. But the drop in SP here is totally illogical based on the facts I put on here on a weekly basis in terms of what POW hold in their portfolio.
But is that a reason to sell? Absolutely not, it's the reason I'm continuing to hoover up as many POW shares as I can. The markets are inefficient in their nature. They will turn at some point and when you have a balance sheet that's larger than your market cap, then those types of companies will be in the driving seat when the winds from Mr Market change.
FYI - Not on commission, all I do is state hard facts and throw a few of my opinions into the mix along the way. If you think it all sounds too positive then I apologise. It's Mr Market that is holding this SP back, not the poor actions from POW.
Have a good extended bank holiday weekend all! Hopefully some positive news next week from the ongoing U asset deals and Saudi pre-IPO!
Sol - we all agree that the SP should be way higher , as TRAy pointed out if it was all Under one company there would be mass dilution.
If you don’t understand the model just say and it will be explained .
Alternatively you are not happy with the situation , either sell or be more positive . No point in being negative
Great things are happening here .
Justlook I'm just writing my frustration. I can be as negative or positive as I feel like. I don't have to sell because I'm not happy with the sp. We all have our freedom to to write our thoughts here. If you're not happy with what I write keep it to yourself. Have a good weekend all and here's a better week next ;-)
For this SP to move they need a tangible asset,
Then production and sales. This will create interest and more investment, volume of sales go up.
Investors make money. Course some will sell at different levels, all about how much profit you’re happy with. At the moment though it’s not happening so naturally people are getting fed up.
Good luck all
Should have added find before tangible
Agree sol001. I get you are frustrated and fully have the right to voice your opinions.
All am I trying to say with my comments is that its all to do with Mr Market and nothing to with POW at present for the facts I state on here each week in terms of what POW currently hold.
POW are adding value slowly, the market just isn't pricing that value in. Yes its frustrating, but for those who haven't overleveraged themselves, its the best buy opportunity I have seen here in the history of Power Metal Resources (since circa 2019) in my view.
Tray, out of interest did you invest when pow was Sula gold, then African battery metals? Course they both failed. Pow carried on as an explorer nothing became of that so(I’ve an idea PJ thought)let’s have some IPO’s that never worked as well as he hoped.
Mr market doesn’t like pow because they haven’t found a thing to dig up and sell. If by chance they found a shed load of gold, nickel, or silver maybe some uranium in the moose patch then Mr market would love them. Of course only my view, you might see the company in a different light. In hope we wait.
I don't invest in the junior exploration space in general. I don't believe the odds are anywhere near worth investing in 99.9% of plays out there.
Never invested in Sula Gold etc. Had a small position when PJ took the helm in POW as I liked his CV to date and financial background and his ability to stretch POW's limited working capital on acquiring many projects on the cheap (Pilot Mountain, Athabasca licences etc. for starters) whilst nobody wanted them.
Since Sean took the helm I have increased my position by around 500% in POW. I like that Sean is looking to spread the chips across multiple plays whilst retaining a large enough holding in each venture in order to benefit down the line. Sean is clearly building on the start PJ gave POW. Hopefully we see those building blocks start to grow shortly with talks on these U asset deals, Saudi IPO etc.
No one in their right mind would walk into Caesars Palace in Vegas and bang all their chips on number 28 of the roulette wheel. Well that's your standard Junior exploration company which so many clueless AIM investors walk into on a daily basis and wonder why the walk away with no returns. POW are spreading their chips across multiple numbers of the roulette table. Yes, the rewards will be lower but still substantial but at least you aren't going home in tears due to dilution, failures etc after a short period of time.
If you have a £15mil balance sheet and the business is telling you in its latest RNS releases that they are working on some U deals with deep pockets, the biggest IPO to date is coming via the Saudi RNS etc. yet the market values you at £13mil, then for me it's shouting BUY. Yes the SP is supressed, but that's Mr Market currently. When Mr Market acts this irrationally you buy, when it acts irrationally and overshoots the other way in terms of valuations in this space you sell. Unfortunately, most AIM investors do that opposite.
The market will eventually react, I've just made sure I'm in before it does and that's all you can do as an investor.
Tray, anybody that bought in 2019 and sold in 2021 made a tidy sum, I’ve aways believed in never be afraid to take a profit. That to me is what playing the aim is. As you said lots of people invested in the hype and caught the falling knife. You have a good insight and patience into what Sean is doing.
It’s the waiting game that investors get fed up with.
So hopefully you are correct and all will come good and return to what it was in 2021 after consolidation 30p. For you and all hopefully it will.