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Jacktrade, you have a great name. Trading small caps is what it’s all about. If you invested here 2years ago you’d be on a loser.
'The thing with pow and most small caps is the SP will only get so high before they’re sellers.'
What you mean like literally every other financial instrument?
The thing with pow and most small caps is the SP will only get so high before they’re sellers. It’s about making money , a day traders paradise. Never be afraid to take a profit.
OTC listing for POW looking very close now too.
OTCQB certification posted on the OTC market website under the ticker "POWMF" yesterday alongside all the relevant latest POW financial statements in order to meet the listing criteria.
Consolidation vote approved this morning, so probably just a bit of compliance/legal work post-consolidation and the OTCQB listing may well proceed in April 2024.
Link to the POW OTC listing page is a follows if anyone is interested:
https://www.otcmarkets.com/stock/POWMF/overview
Even if the UEE IPO goes ahead I wont be moving a lot over there.
POW will probably have between 30% and 60% of UEE so you will get a chunck of any UEE upside
Plus if you move you will miss GMET, Sudia FCM and FRD
Surprised we’ve not had a bigger volume of buying here, the update was very positive in my opinion.
Hopefully the next 20 bagger
As Rick Rule has explained my times, his modus operandi is to invest in the top co i.e. POW in these types of models. Not the subsidiaries. He will be telling his guys to buy in to POW I would imagine, not the spin out cos.
Markets are terrible at present for raising capital so the options for POW are:
1) Sit on 100% owned assets that they cannot get the capital for to progress unless they dilute shareholders to death, or;
2) Reduce their holding in some of their 100% assets down to 30, 40, 50% for a cash free ride in a separate vehicle which costs POW £0
I know some like the higher risk approach of Option 1, but POW are going down the Option 2 route and this has been communicated for some time now.
POW will retain a few direct 100% owned projects (Molopo, Tati etc.) for future exploration and/or future IPO vehicles but most of what POW own directly will soon be moving to an indirect stake I would guess in a spin out co. Cash burn reduced, risk reduced, activity on assets increased, balance sheet value increased. Anyone looking for POW to do huge risky drilling campaigns is going to be disappointed.
Balance sheet is the focus here, not throwing the kitchen sink at cash sapping lottery drilling plays unless the drilling is being done by a separate vehicle to POW. The UEE IPO, Saudi IPO, GMET etc. will be where the fireworks will occur. Most on AIM just don't understand a balance sheet unfortunately and seem to think the odds of drilling successes are far higher than they actually are!
Its a fantastic update and all credit to Power for executing this deal.The market for small caps will turn the tide and rate cuts could just be the catalyst required which imo are just round the corner.I think this is one of the best run junior explorers on Aim and frustrating as it is ,the mkt has it at a significant discount to its incredible potential. Once the super cycle in commodities takes hold ,the juniors will fly and Power will be at the forefront .
If pow doesn't do something to raise the sp here and bring in more investors. If all the Uranium project moves to an ipo UEE I'll move everything out over to there. Even Rick rule has an interest in the Uranium side and I think most investors here will end up moving over dragging down the sp here
Everyone is entitled to a balanced view , but you are speaking as if you’re not invested. And it’s on every decent update..
And you’re trying to look like there is no progress made..
Listen to the pod cast ..
Pls sell up - nearly everyone who has commented like the updates.
Bye
Justlookatthat - im not going to lie to hook investors in , best people have a balanced view . All i have done is told the truth , they have found F all , ever
Take the spread out of it and we are barely up
Good to see us in the top 5 on the risers board.
Scotty - personally it’s individuals like you that cause conflict and put potential investors off ….
We are on the leaderboard , and all You want to do is deramp and moan .
Why don’t you just sell up You £100 and move on … you want the stock price to rise and you think it’s a decent thing to put people off … have you even listened to the podcast ?? Actually don’t answer that because you clearly havnt.
Go riddance
I think until POW actual find some metals then the market are not going to back them.
How many years have they been at it for now , and what have they found ? nothing really.
Thats the long and the short of it really .
You can sign a bunch of agreements to export places , but if you are not finding anything with your endless soil sampling then why would people invest ?
Nice on paper Tray, but the sp hasn't moved for pow. I've been here sticking by pow for a while and I'm still in the red. When is the spin off ipos going to push up the sp for us. Another ipo will again look great on paper, but it's not moving up. I still think the Uranium should stay under pow only. Bring the investors who are interested in the Uranium into pow and build up the balance sheet and sp this way. Separate ipos will not bring more buyers to pow and the sp for us will drag behind
Gmet has almost doubled and we aren't even back where we were when PJ was here as ceo
GMET shares & warrants in the money = £7.3mil
FCM shares = £0.6mil
Cash in the bank (estimated) = £1.5mil
UEE pre-IPO value = £1.5mil
FDR pre-IPO value = £2.6mil
Cash/Equity due from NBGC disposal (assumed we won't receive it all) = £0.5mil
TOTAL = £14.0mil
Market currently values POW at around £17mil today so the market is giving a £3mil valuation to the following:
- Any potential increase in the UEE IPO value with large investors lurking. Seems the plausible reason for the delay now with a future update in April 2024 most likely.
- Saudi IPO which includes a near term pre-IPO raise (doubt that will be £100,000s, more like £1,000,000s raised). Most likely more deals to be signed between POW and Saudi/Oman based on Sean's conversation with The Roast podcast this weekend.
- Molopo Farm drilling
- 15 additional Uranium licences not currently earmarked for IPO, one of which contains a solid Helium anomaly.
- GSA Environmental future potential revenue stream.
- Tati Gold project which has near surface gold grades (best results to date are shallow 1m @ 45+ g/t Au)
- 20% stake in future IPO New Horizon Metals to be listed most likely on the ASX
- 35% stake in the Haneti project which is 65% owned by KAT (POW/KAT relations my get stronger with the appointed of Paul Johnson and Sean Wade over at KAT)
- Future IPO of ION Battery Metals which will contain a number of Lithium & Graphite assets.
Just seems a steal to me at these prices but the market just doesn't seem to care for junior exploration plays at the moment. POW valued at £39mil in Jan 2021 with £500k in the bank and a couple of licences. Now £17mil but with a vast diversified exploration portfolio. The interest will have to increase here soon enough as the strong investment proposition builds to an inevitable re-rate event.
Saudi plans pushing forward now in addition to big investors lurking around the UEE IPO it would appear. The market still seems to value anything POW have an interest in at pretty much £0.
In my view the Saudi and UEE plans in addition to POW's large GMET holding are the biggest value drivers moving forward here. I feel a lot of investors still seem to think the likes of strong assays from Molopo Farms drilling is a business critical event ... it was 18-24 months ago but certainly not the case now. Any positive news from Molopo is just a bonus now. For me, Molopo and Tati have potential, but they also have the potential to be huge cash pits. POW seems to be focusing on reducing cash burn and getting as many projects as they can active through smaller indirect IPO stakes instead. Albeit the progress regarding the IPOs has stalled somewhat due to the poor appetite for junior exploration stocks.
All eyes on Saudi, UEE & GMET moving forward ... POW could be sat on a very healthy balance sheet by the end of this year alone and could easily dwarf the current market cap of circa £16-17million. Fantastic potential here in my opinion but the market seems to value that potential at £0 from some reason.
Really hoping tbe US OTC application goes through very soon; especially before the molopo farm results. With Uranium, lithium projects in canada as well; I think there is alot more investors looking at companies focused on greener energy over there and they also know more about people like Rick rule. This will be more attractive once it has a US listing for people not wanting to buy in pounds on Aim
I personally would prefer to see the Uranium to stay within pow than an ipo spin off. If we have big interest from investors with the likes of Rick Rule, we can get all the the help with raising funds for drilling etc. This will definitely help the sp here as well and bring in more buyers. (Today only 28 buy/sells and over at GMET 27) compare this to other companies that keep everything in one sp
Then why is the sp down !! These people need to get a grip and buy !
Plenty of interest in this IPO, Uranium market super hot still. Would like to see it happen sooner rather than later, think we are in the part of the cycle that big gains can be made, so get it exposed to a listing!
Also an update from GMET that looks positive.