Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Built up a nice position here, valuation looks totally ridiculous.
If GMET is worth £7-8m, how can all other POW assets be worth only £7m 😂
Valuation totally out of sync.
Metal prices rocketing, would not be surprised with a big rerate here very soon.
GMET also has a bigger market cap than POW now!!!
Insane. I guess nothing but an opportunity for the ones that spot it.
Valuation gap is immense, just makes no sense, with the Saudi deal, GMET started drilling and UEE.
10 commodities over 3 continents, once the breaks are released there will be no stopping.
Anyone has anymore info on the planned IPO of the Uranium Energy Exploration? What's the latest, what does this mean for shareholders etc
Regarding POW's Uranium assets / Uranium IPO, the following update was released on 25/03/2024:
"The marketing process for the planned IPO of UEE continues to attract significant interest from a range of investors, including institutional investors, HNWs and retail investors in the UK and elsewhere, including a potential cornerstone investor.
However, a number of significant potential strategic investors have indicated their preference for alternative deal structures which may include a different combination of assets, or an enlarged asset set with an enhanced business model.
The Board of Power Metal is therefore considering, from its point of view, all options and will revert in due course on the progress of those discussions and how this would affect the proposed IPO of UEE both in terms of timing and structure."
Sure those potential talks are coming to an end now after 6-7 weeks? If successful, the market will be updated shortly and the deal for POW shareholders should be much better than what POW shareholders would have received if the UEE IPO went ahead in March 2024 when it looked almost weeks away from listing. If not, then its back to the UEE IPO plans which I would expect it would list within a matter of weeks of the next Uranium update.
Sean seemed to hint on a recent video with Rick Rule a couple of weeks ago that news should land before the Rick Rule Symposium in Florida which POW are attending in the second week of July 2024. I personally expect to hear news from multiple other fronts as well (Saudi IPO, GSAe, Molopo assays) before July 2024 too.
Fully agree, the valuation gap here is crazy as simply no potential is priced in during a period where POW seem to have plenty going on behind the scenes.
Tray556 - Thanks for this, really appreciate your prompt response.
TBH I was really interested in GMET, then having realised POW own more than half of GMET, and done some research on POW, the valuation gap is just insane here, and at the same time having exposure to GMET. It's a no brainer.
Exciting times, multiple transformational news items on the go.
I think it will look alot better if Gmet makes any huge discovery and pow get royalties from this. Also when it comes to pow selling up their percentage (if they do) this will be actual money earned in the bank for them
As Tray said, hopefully we do get news on the Uranium before the US conference
Will repost my comments on here from a few weeks ago (with a few minor updates) just to outline the undervaluation in POW again:
POW market cap today = £16.8mil
GMET Holding (assuming POW took all their 10.75p warrants) = £8.4mil
FCM Holding (temporarily suspended) = £0.5mil
UEE pre-IPO valuation = £1.5mil
FDR pre-IPO valuation = £2.6mil
VALUATION OF JUST THE ABOVE = £13.0mil
The market now values the following at just £3.8mil:
- Cash in the bank (probably £500k+)
- Molopo – Conductor hit at depth, assays to follow in the coming months
- Tati – Near surface gold found to date with opportunities for tailings processing for future revenue.
- 75% stake in GSAe - Future revenue stream (GSAe posted a 6 month profit for the period ended 31/12/2023 of just under £200k). So that £400k profit per annum before anything ramps up worth £300k (75%) to POW.
- 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". GMET upon IPO was worth over £4mil to POW shareholders. Assuming the Saudi IPO will therefore be higher than £4mil.
- 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 and £250k initially in cash.
- 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, Katoro Gold now have POW & Ex-POW executives involved)
- Any upside from GMET as they move into a key Pilot Mountain drilling campaign with DoD funding possibly around the corner
What a strange strange market we are currently in! Almost no potential priced in at all. I'll continue buying POW at these levels until the market finally catches on.
Hey Tray. Do you have figures of actual earnings in the bank that pow have gotten from royalties or selling their percentage. This would be great to see as well. The figures from shares pow have can go up and down as we are aware. I'm sure with gmet, this will rise even further if they have great results from the drilling and pow will make even more money
If we can get some tangible, positive news, i.e. not just half decent drill results with potential, then this will significantly rerate 2, 3, 4x higher in the blink of an eye IMO. I love the diversified nature of POW. GMET looks positive, but it's boom or bust to me. I have plenty of those types of stocks already!
Tray, agreed nothing makes any sense with such a low valuation on such high potential. What annoys me is that this AI projected potential has valued chip manufacturers etc,good bad and indifferent, way over what they are presently earning just on the basis that AI will be earning huge profits for them. To me it looks like another dot.com share boom in the making. Yet we have valuable assets in the ground (indirectly of course) with rare metals valued as never before and the share price does not reflect all this. Thanks for your objective analyses and contributions to the this board.
Agree with you all here.
There seems to be a total disconnect to anywhere near FV.
It's about identifying these opportunities, and taking an early position BEFORE it explodes.
Uranium, Copper, Gold, Silver etc has exploded recently with a barely a move here.
I'm sure one thing we all agree on, London markets are dead
Https://uk.finance.yahoo.com/news/ais-insatiable-energy-needs-boost-172900320.html
This is one reason why I believe power metal resources needs to keep this under POW/Powmf. Uranium is going to be huge in the coming years and if we have this under our belt with a huge amount of area in the Athabasca, we are going to be all happy with the SP. This will bring in big investors, especially if we have great discovery results in the future. This could even take us out of the Aim to the main market if its successful enough. I'd be happy if they had to sell off molopo and tati to keep the Uranium under pow
Another one we still haven't had much news on is the lithium project in canada. Does anyone know what is going on with this?
What if uranium isn't 'huge'? Isn't this the reason why our founder PJ and following the same doctrine SW are maintaining a spread of potential 'power metals'? Too many one trick ponies, especially on AIM have fallen if only on the basis of expectations not being met. Investing in small companies is hardly flavour of the year. Especially on AIM where their are so many potential pitfalls. No I am absolutely in the camp of spreading risk, IPOs when favourable and in general maintaining a widespread stable of mineral miners absolutely necessary for green energy and gold of course. What if nuclear energy, lets call it what it really is, projects collapse. Then where would we be if we were overly dependent on the flavour of the year uranium. It wasn't so very long ago when the U price collapsed mostly down to green politics and the Green parties demanding cessation of nuclear. Still have to get rid of nuclear waste and Fukashima is still fresh in politicians memories especially the Japanese.
The US relies on 30% of its power from nuclear and France is the largest in Europe for nuclear energy. Rolls royce have only risen on the back of the small nuclear plants and since the US and hopefully other countries will stop sourcing their Uranium from Russia, they will be focusing on other areas. Lithium is important in electronic cars and batteries, but recent news has said they have found a way to reduce the need for Lithium with AI N2116. It's a shame pow doesn't have any projects in helium 3 lol!
The main reason for me in selling off molopo and tati, is because its costing more money than they are bringing in from the projects (unless of course the results from molopo come back as hitting the sweet spot for nickel) Also look at the bonanza gold that was in the assay results at Tati. The market didn't take any notice at all. The last RNS nothing happened either.
If Uranium isn't going to be needed in the future for nuclear power, where will they look to green energy to give enough power. They could cover all our countryside in wind farms, but I don't think the people will be happy with this, nor the farmers
All this AI is scary; especially how fast they are moving with this. There's even a washing machine that has AI built in. I just want a washing machine to clean my clothes, not with a mind of its own lol
AI is another one that has pushed chip maker etc share prices into the realms of unreality. Great for making short term profits, is that what we are all after? I have had my fingers burnt too often in the past, although have made 'bonanza' profits on some and now I am somewhat older and wiser, at least I hope I am, I still think that flavour of the year, month or even week shares is not for me but then I could be wrong as I have been many times in the past. Played around with day trading in the days when SPs soared on good news etc but it all evened out over the longer term. Everything is so fast moving now. There are plenty of piranhas lurking in the dark pools (or is that another term that is out of fashion now?) out to get the us private investors' hard earned cash.
AI is going to turn around and bite us in the butt. Haven't we learnt from watching Terminator lol
Re the whole uranium thing, we're a little way off but great strides are being made at the moment with Nuclear Fusion technology, which doesn't require uranium, BUT does need Tungsten...GMET
Nuclear fusion is a long way off yet. It says at least not until 2050. We need something before this