Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
...now we wait for the assays. Obviously with the reassurance that the other companies can "sustain us" if things with our direct exploration are not quite as good as we all hope. Exciting though. Good luck all.
So drilling has finally intercepted the superconductor at the 3rd or 4th time of trying. I think it was always going to be much deeper than they were drilling as it kept showing up despite the drill never finding it.
Personally, I can't make a head or tail of Para 3. It is meant to be massive nickel sulphide but there is no mention of nickel in the RNS.
Also, if the geophysical superconductor remains open at depth at the current end of the hole (832.6 metres) why have they stopped drilling? Surely they should drill on to the end of the mineralisation.
"The mineralised carbonaceous mudstone contains abundant pyrrhotite-quartz-calcite veining and localised sulphide-dominated veins of what appears to be pyrrhotite (Figure 1). Further mostly vein-hosted sulphides are present throughout the intervals including dominantly pyrite."
So is there any nickel or not?
"Geophysical superconductor is interpreted to be a sulphide mineralised carbonaceous mudstone unit between 760.5 - 813m downhole depth and from 828.4m - 832.6m (end of hole) where it remains open at depth."
Also, as in my first post, if they are still in the mineralised zone, why have they stopped drilling?
I hear what you're saying ART. But personally I would rather wait for actual assray results rather than speculation of what they think is there. As for drilling deeper. That would need extra funding as the contract was for x amount of meters for TD
I'm not expecting anything from this imo. pyrite isn't worth F.all. if this comes back dead, then they should sell off molopo and move forward with the Uranium and power Arabia. This news today won't do anything for the sp :/
I agree, Worzel1, and I am quite happy to wait and see what the assays say.
Having said that, I am sure that they would have had a hand-held scanner on site so they would know already if the superconductor was stuffed full of high-grade nickel. We will have to wait to seein the 'coming months'.
How do you sell a 'dead asset', don't be so sure till we get the results. Could surprise to the upside
Certainly not 'massive sulphides' in the pictures, stringy veins are visible.
It was going to need 2% Ni to be viable at depth & clearly they don't have anything close. Running assays for PGE would seem to be a last (desperate) throw of the dice. On the plus side perhaps POW can ditch the mediocre projects and concentrate on uranium.
I think they know there is no Nickle down there
They would of been better off not releasing any news today and just waiting for the assay results instead. The sp has taken a beating from a poor rns and now we have to wait another couple of months
I do not understand the negativity - people have been pushing for feedback on the drilling - the feedback has been announced stating that, for the first time, they have hit the target. This has to be good news. The question of what concentration of nickel is present was only ever going to be after assay results which we know would be another couple of months.
A poor result would have been not hitting anything again......
I find it incredible the negativity on this board re Molopo. I think we are better off without these punters who regard anything that isn't some sort of bonananza grade as a disaster especially given that the the finds have yet to be assayed. Go somewhere else to spread your pessism.
POW sells KAV @0.8p to fund a highly speculative deep drill at Molopo, meanwhile KAV shares hitting 1.3p today, talk about destroying shareholder value. And just when you think POW will jettison the dross & focus, they open up new fronts.
POW geos will have a very good idea what the cores contain, PGE is a little more complicated because the grades are always lower so a whole rock sample is required. Sean has evidently not given any interviews as doesn't want to give false hope.
In terms of the share price; they've been exploring at Molopo for 50 years so nothing is factored into KAV's SP. Its not a disaster so only a 3% fall. The market wants/needs commercial discoveries from POW.
Should read, nothing factored into POW's share price
All drilliing is speculative in one way or other especially if your target doesn't hit the real target. That is the reality of mining and come to that oil exploration. You never can be sure till what comes out of the expensive hole you have expensively drilled. By spreading the risk by looking for numerous metals and spinning off those likely to offer a good return, still speculation, at least we can ensure we don't run out of money which is always a risk with one trick ponies, even Kavango, and we will succeed no matter what the doomsayers pontificate. The old saying, not for widows and orphans should be amended to not for punters who expect a fast buck with little patience.
I wouldn't exactly say the SP has taken a beating. It's down 3%.
No stockbox interview from the rns this morning; so perhaps some more news to come. Hopefully something on the Uranium to bring back some excitement to the sp. If we see a great deal completed for the whole of the athabasca project, this should wake up the US market as well imo
Just checking tou guys know about this one Sean's put out towards the US market
https://www.youtube.com/watch?v=oxXQFhUbWPw
Sean is doing a good job, lot of work behind the scenes I would bet.
Just full of hot air really , just repeating the same stuff year on year and adding no value to share holders . An exploration company that has found no metals to sell in all its history , so now thinks to pivot the business to just lend money out to other companies in the hope that they are successful.
Couldn't disagree with you more ScottyDogg. Complete lack of knowledge of the POW business model.
At 14p a share this is a £15.4mil market cap today. POW's investments today in FCM & GMET are worth £8.4mil. Their pre-IPO investment values in FDR & UEE are worth £4.1mil, there must be at least £750k in the bank so that's = £13.25mil for starters. The market is now giving a valuation of £2.15mil for the following:
- Molopo – Conductor hit at depth, assays to follow
- Tati – Near surface gold found to date with opportunities for tailings processing for future revenue.
- GSAe - Future revenue stream
- Saudi IPO & future Saudi deals which Sean has stated are near. Sean also stated in the Proactive event a few weeks ago "the Saudi IPO will be POW's biggest to date"
- UEE IPO / U asset deals which are surely going to worth more than the UEE pre-IPO valuation of circa £1.5mil otherwise Sean wouldn’t have bothered listening to 3rd parties as announced last month.
- NBGC disposal worth up to £1.5mil as announced last month
- ION Battery Resources future IPO (contains POW's early stage Lithium assets)
- New Horizon Metals - future Aussie IPO which POW hold 20% of at present
- Silver Peaks (30% minority stake)
- Haneti (35% minority stake with partners Katoro Gold)
- Any upside from GMET as they move into a key Pilot Mountain drilling campaign with DoD funding possibly around the corner
If everything above is worth £2.15mil I give up! Well I'm doing the opposite of giving up in reality and adding more as and when I can, but you get my point. The market valuation at the moment is the most ridiculous it has ever been in the 3.5 years I've been a POW holder. Astronomical gap between reality and what the market prices this business at in my view.
I'd like to see some sort of deal done with the whole of the Uranium project, rather than the previous mention of an ipo spin off of UEE. It would fantastic if they can make a joint venture and keep it under pow. This kind of deal would definitely bring us more investors and boost the sp here. A spin off ipo is a bad idea imo. Look at gmet. Doing well, but has no impact at all on our sp at pow. When are we as shareholders at power going to benefit from the spinoff. Unless you have shares in the spinoff, we probably won't see any benefits until they sell shares at gmet
To be honest - what on earth is your problem - the company is moking progress and all you do is moan .
Here is a suggestion I’m sure we all will support xx
SELL UP . Move on !
Majority are happy apart form you!
Making”
Sorry this is directed at scotty n0b