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Looks like we may be getting an offer for a big chunk of the uranium
RNS OUT
I would not be concerned about the consolidation. Just a technical event, nothing more.
Hopefully goes up slightly more before the consolidation. After will be 110,500,000 shares in issue and at current market cap. We will be looking at 15-16.00. Then we will see if it reaches 40.00 to see some profit. Imo I think it's possible if the results come back great from molopo farms etc
This only needs to get to 2.8 and everyone in from the start who have stayed will be in profit. That is not a lot to ask
Nice to see this on the rise.
Anyone going to the meeting next week on the 26th? I can't make it myself unfortunately.
If anyone is going, can update us on the chat?
Good time for Uranium, not much choice UK, FMET, AURA and that is about it smallcap wise and you cannot really count AURA to be small cap exploration, more project development now.
It is the Uranium royalty. The guys on the Sunday Roast said the details went out last week and email them if you want to be put in touch with the brokers who are promoting it. They thought it was a £2 million raise.
Would be the Uranium I would say
Acording to the sunday roast guys IPO on going
I believe that Rick Rule, and possibly Paul Johnson, are fans of the multiple royalty approach of earning money, whilst others do the hard work for you.
The RNS states the intention to grant POW the following royalty:
POW will retain its existing Gross Production Royalty ("GPR") of 0.75% over the footprint covered by RRAL exploration interests.
GLA
With no earning from the these assets the company has no option except constantly going for cash call or placing more and more worthless paper shares out into the market
Drrrr.....
Finally we see that SW had listened to voices of reasons and is getting rid of non commercial assets one being the recent one sold to RRR
For a company which has no revenue keeping 18 major projects worldwide just don’t make sense, as these assets will need exploration hence massive costs associated with such activities
With no earning from the these assets the company has no option except constantly going for cash call or placing more and more worthless paper shares out into the market
I said before and say it again the company must recognize which of these assets have any monetizing prospects and concentrate all resources and available funds on to getting these potentials to actual and measurable resources and then get the big boys JV to push for actual production
A lot of junior minors POW being one need to manage their tight financials so carefully till they hit that ultimate goal of a substantial finds
I think POW have finally learnt this useful lesson
Going to KSA could be a game changer any sign of any decent find in any of the upcoming ventures will draw the big investors in this cash reach country
So we LTH’s just need to be patient as there isn’t too much else we can do as I am sure most if not all are under water some by by %
GLA
I don't think we will see an rns until the 26th after the general meeting. Unless we get one next week with North wind Canada assay results. Molopo won't be until April imo
Let's try that again..
Please expand on that, mornington-oz. I see 5 trades today with a total of less than £2500 and no RNS today. Do you know something we don't know?
Please expand on that, mornington-oz. I see 5 trades today with a total of
Looking good here today.
I bought 150k shares today at 2:40ish for .79, all good for me. To be accurate 150,017 to round up to units of 20 ready for the consolidation
If I was to put through 28k; there's no way I'd get such a low bid price of 0.80. Hopefully once the shares have been consolidated, we will see more of a rise.
We have to wait to see what the market cap is before the consolidation. I reckon around 15-16 sp on opening if its around 0.75-0.80 the day before. Any thoughts?
So that would be the reason the ask dropped down to 0.80 for that buyer imo
This company is putting building blocks to be a good money returner in the not to distant future the trouble with aim invested is they are not realistic.Most firm don’t work in days to build value take time.
On the face of it this does seem like a good move. Cash is King these days . The strategy that POW was set up on by founder PJ is proving to be sound .
We are now 36 days of drilling into Molopo,where are the future updates as the drill programme advances