The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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+
What is the main 'gold investment' or property would you say on the books? Tati or an investee company project?
Just thinking of drivers in a 'hot gold market' for POW
James - I don't agree that consolidation has hit the SP, its up on the day and is doing rather nicely at the moment. Just about every consolidation I have had shares in have been hit hard following consolidation in the past, mostly for no good reason, so if we can continue as we are the further we are on from consolidation the more likely we are to stay strong. What would be nice is some good news but Molopo is by no means the key especially with our exposure to gold , copper and uranium to mention but a few. GLA
They did say on the event announcement on the website that a video would be posted after the event but so far there is no sign of it.
I take it no-one has seen a video of this posted anywhere yet? I've been asking on the telegram group also but to no avail.
There is always one in the room . “still time “
It's good that the molopo, they are continuing drilling around and waiting for good results before releasing any news to the market via rns. I'd rather them make sure they have something worth reporting, then rushing out poor quality assay results
Looking forward to more news about the new deal you mentioned bobbust. I'm curious what this could be. Hopefully something exciting that will push up the sp :)
Seems to have been a success. For the first time in all the consolidations I have experienced this SP hasn't tumbled but I guess there is still time.
Many thanks bobbust for your report.
Cheers Bobbust. Just shared your points on the Proactive Investor Presentation on the POW Telegram board. Not sure if you are a member of the POW Telegram Group.
UEE they are looking to remain involved with any potential partners after the deal is done
Arabia progressing.
New deal shortly. And more to follow.
Been talking to money people over there.
Arabia IPO will be the biggest spin off to date.
FDR is champing at the bit to get going. Could be news shortly. Drill targets ready for 1st day after IPO.
UEE IPO effectively on hold. More chance of a deal with a third party.
Molopo. Very interesting chat. They decided to drill again because it's huge and although the 1st drill did not hit great grades it did prove that the geology is right to produce nickel. So they have refined where to drill and are hoping/expecting to find it in meaningful quantities
Anything else of note from the Proactive event?
Drilling still on going. No problems with the drill
From the last drill completion to the results; it took 2 months. I'm hoping it doesn't take the same amount of time; otherwise we are looking at summer time before we hear anything on assay results. (Are they looking for a needle in a haystack)
We aren't really expecting much from molopo, since the last results came in negative last year and this is probably why the market didn't react too much when the rns came out with further drilling. Hopefully as doc83 said, negative results shouldn't impact too much as our interest has now moved onto the Saudi Arabia and Uranium projects. All imo
Weren't we around 0.7/0.8p pre consolidation, which is 14/16p now? i.e. no impact.
We are well diversified so while Molopo posting negative results would be disappointing, it shouldn't have too dramatic an effect on the SP... I would hope.
Two months this week since drilling commenced at Molopo and not a word from the company yet.
I thought Sean Wade mentioned a few weeks ago there would be an update soon.
Molopo is a big risk for the company, it is not cheap to diamond drill, it is also not one of our core assets. A negative result will be seen as a waste of funds and will have an impact on the share price, regardless of whether it was a core asset or not. Consolidation has hit the sp, let's hope Molopo delivers. At least the results won't be out for a month or two, it may even surprise us.
First Class Metals in which POW is the largest shareholder with 23% is up 3.5% in early trading upon release of a positive RNS:
“ Highlights
First Class Metals (FCM) has signed an exclusivity agreement with a Canadian vendor for the Kerr's Gold Project in Northeastern Ontario. This project holds a historic resource estimate of 386,467 Oz (ounces) of Au (gold) as per the NI-43-101 standard.
· CAD$200,000 OJEP Grant received from the Canadian Ministry of Mines for the Zigzag lithium & critical metals property.
· Goods and Services Tax (GST) /Harmonized Sales Tax (HST) credit for the year ending 2023. The amount received totalled CAD$212,780.03.”
Nice article below regarding POW:
https://www.crown.co.za/modern-mining/industry-news/27985-how-power-metal-resources-is-crystallising-value-across-its-portfolio
From the investor deck
RNS Drilling contractor appointed at Pilot Mountain.
“ Oliver Friesen, CEO of Golden Metal, commented:
"We have taken another important step towards the commencement of this very important drilling programme at our flagship Pilot Mountain Project. We have spent the better part of a year preparing exploration and resource expansion targets and we feel very confident with the targets that are now being finalised.
"Since day one we have prioritised working with Nevada specialists when it comes to all aspects of our various exploration programmes and we are delighted to be working with Diamondback, a company with extensive experience drilling in the mining friendly state of Nevada.
"We are working very hard behind the scenes to finalise all final programme details, and further updates can be expected in due course."
POW own 61% of GMET. GMET currently Up 7.41% at 14.5p on volume of 171000
Morning POW holders. Been following this company for a while and took the plunge this morning. Seems like a brilliant way to play a variety of projects and much easier than trying to invest in some of the individual holdings. Good luck all.
42% holding at a value of £3.5mil? Where are you getting that figure from Bobbust?
After the IPO POW will hold 42% at a value of £3.5m.
I do think this is priced to rise post float
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