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I agree Doc83. I think when we hear more about what is happening with the Uranium project, this should help push us up a bit more. Hopefully attract more investors as well. I'm really interested to find out what Sean will decide to do with this. There seems to be alot of interest from what he said in the presentation the other day.
Also the molopo farms. If they do discover some good results; will they spin it into an ipo, a joint venture or sell it off at a profit. He mentioned before they were in talks about this
Sol - I certainly think we should be valued at more than £18m. But it might take a reasonably large catalyst to bring in the FOMO and volume needed to drive the SP considerably higher, at least in the short term. Longer term, if SW and POW keep doing what they're doing, I expect the SP to climb, slowly but surely. For now, I see it as an opportunity to load up where I can.
it surprises me every day, how low the amount of investors we have here compared to other companies on aim. especially with sean working hard to find the right projects, doing exactly what he said to get us on the usa market and not wanting to dilute the sp by adding new shares and bringing in money from big investors like rr. there's aim companies that have 100s sometimes 1000s of investors and most of them are complaining about the ceo and the company and the lies they tell.
people are attracted to chaos. look at how many people ****ged off trump all these years and boris and they still vote for them
Will take a good few days to get the market makers fully in place.
At the moment just 3 are ready. Might even be next week until we see the first trade.
I went to Powers web site to connect with the OTC market!
Can anyone see if the otc listing is live? I've checked a couple of sites and it doesn't seem active
Https://www.youtube.com/watch?v=FLSEq-Jbfck
Video now available, some great points raised by Sean. Especially around POW's Uranium assets.
Worth a listen!
First MMs are on the OTC at 18c bid / 25.5c ask.
I make that a 14.2p bid and a 20p ask … obviously with initial poor liquidity the spread will be very very wide
I wonder what other marketing Sean has done so investors over there know we have a new USA listing
New heavily updated company presentation on the POW website (updated within the last week) suggests marketing could be about to crank up. Would have to assume the main focus would be targeting the US market after the OTC listing is fully up and running.
https://www.powermetalresources.com/wp-content/uploads/2024/03/POW-Presentation-April-2024.pdf
Was convinced this was going to drop after consolidation like every other share I've seen but it hasn't and is showing strength so I am now buying and adding. Looks extremely promising now with new listing
9.30am to 4pm. From 14.30pm our time
What time does the USA trading begin ?
Will be interested to see what happens when that opens up
Also worth noting is the fact that NO extra shares to be added
The US market is where its all at and this is a relatively simple entry point into the 'CanDo' philosophy where investing in the market is 'normal' for the average punter. Unlike the UK where the suits MMs and all the hangers on dominate and seem to think the market is for them to wheel and deal in to the exclusion of ordinary investors.
This is what its about
Through trading on the OTCQB, Power Metal will be able to engage with a network of U.S. investors ensuring that they have the same level of information and disclosure available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQB trading facility will provide U.S. based investors with the ability to access the Company's Ordinary Shares in U.S. dollars during U.S. market hours.
I would agree with you there Wiltshireman. Look at saudi arabia at the moment with how much development they are doing for their country. We can't even complete a high speed rail line.
Pow is definitely heading in the right direction imo
If accepted this will really help POW and our share price. This has given a huge boost to Union Jack Oil one of my other holdings for the simple reason that such companies as ours are more highly valued in the US . AIM and FTSE need to wake up and smell the coffee if they are to survive and prosper. UK is stuck in the last cenury.
Great news and a huge step forward for pow
Here's a link to the otc
https://www.otcmarkets.com/stock/POWMD/profile
I've topped up considerably here over the last few months. By no means "all in", but even a moderate resurgence in the SP would be quite nice.
I agree with most of what you say, Tray, except that POW is "worth far more than £7.5mil in a half decent market." The assets you list are worth closer to 75m than 7.5m even in a dire market, imo.
I would be amazed if we decide to sell the UEE stake for less than 20m - the uranium bull market it going to be "long and strong" (so to speak) with demand drivers for the next few decades and supply challenges remaining high; I would be willing to be that if UEE was currently listed as a stand alone vehicle right now, it would be worth at least £50m mkt cap - when you compare it to things like ARCM and EUA, it's a vastly better proposition, in a vastly better postcode.
I ask myself, if the market cap is currently about £17.5mil and listed investments, cash in the bank, GMET warrants (in the money) and the RRR NBGC deal is worth circa £10mil, then is the following worth £7.5mil:
- Molopo
- Tati
- FDR IPO (pre-IPO valuation of £2.6mil)
- GSA potential revenue stream (company is already profitable before scaling up begins)
- Saudi IPO (pre-IPO funding round happening shortly)
- Uranium IPO (pre-IPO valuation of £1.5mil but looks like a far better deal on the table)
- New Horizon Metals 20% upon listing (most likely on the ASX)
- ION Battery Resources future IPO
- Minority stake in Haneti (closer ties with KAT now so progression on this asset my start up again)
- Minority stake in Silver Peaks
For me the answer is, yes that list is worth far more than £7.5mil in a half decent market. The Saudi IPO alone could be worth that for POW. GMET could easily add £7.5mil to the POW balance sheet upon grant funding for example.
PJ used to always talk about POW shareholders having many shots on goal, we haven’t scored yet, but for me we have more shots lined up than POW ever have since I became a shareholder in Sept 2020.
Jan 2021, POW was valued at £39mil and had £500k in the bank and a couple of licences. When the market overshoots POW’s valuation again, they have x10 more going on. Commodity markets starting to click into gear.
It won't be RRR after the disposal RNS on 13th March.
As a direct intetest I've always wanted to see Tati progressed. The fines dump has been moved somewhere and Tati always seems to be mentioned in the same breath as "interested parties" or "small scale jv miners", it'd be good to see that move forward but Sran's interest seems more focused on Saudi and Uranium.
GMET has some fantastic looking Au and Ag, the recent grab samples from Garfield even surprised Oliver. This is from a post of his on Telegram last week
Commodities getting very exciting. As a reminder we have 6,600,000 ounces of silver (I&I) at 19.38g/t as a kicker at Pilot Mountain (currently defined) and bonanza silver grades (1225g/t) at Garfield. One of the reasons our portfolio is so fantastic, gives exposure to so many amazing metals.
Also they have Golconda which was their first asset which is searching for a Carlin type gold deposit
Tati--POW
Garfield--GMET
Australia--FDR
Hemlo, Sunbeam, Kerrs--FCM
New Ballarat--RRR
Anymore POW gold interests above those, which one of those got the 'multibags' in it if gold does $3000+