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Started: Tray556, 12 Jun 2024 16:06
Last post: specinvestor99, 14 Jun 2024 21:20
Trey--RRR if you are correct then POW could vote for a new RRR Board of Directors
If POW took that direction it would get a lot of support from the current RRR shareholders, a new RRR BOD would IMO increase the share price.
Playtime - Maybe AB is hoping for the DRC to payout but how long have RRR holders been waiting for that now? Years?
POW holders will be certainly hoping the DRC pays out too. POW holders want the £250k cash at every hurdle of this deal if possible, not worthless RRR paper.
The deal is all about POW disassociating themselves from the likes of RRR and also focusing on projects they have the majority stake in.
The risk now all moves to RRR and POW will either end up with a few RRR shares and a chunk of cash or a small about of cash and a chunk of RRR shares.
Either way I’m happy with the outcome of this deal for POW holders.
All good posts and I totally agree with RRR being a lifestyle company. I have been there for around 15 years, chucked plenty in and am down so badly, that it’s not worth selling up. A learning curve at the beginning of my trading experience, hence I prefer FOREX where I don't have the emotional pump alongside it. Anyway, also in GMET and POW which I am very happy holding. In regards to dilution for RRR, it’s almost a sure thing but I wonder if AB is chancing that DRC will pay out before hand thus extending the runway so to speak. Just a thought. Otherwise, I agree, there will be a massive placing and for sure management will issue shares to themselves as incentives. It really is that awful. In my opinion as with all my comments, one step up from the film GOLD.
So further to the below, if we assume RRR won't find anything in this NBGC venture and the two JORC hurdles don't get triggered. If we also assume that no discount will be offered on any placings and between now and all the other equity hurdles, the RRR SP remains at today's SP of around 0.05p then POW will end up with somewhere near the following in RRR:
- 166,666,667 shares on Day 1
- £250,000 CLNs at 0.05p = 500,000,000 RRR shares
- £250,000 payable in 9 months time at 0.05p in equity at 0.05p = 500,000,000 RRR shares
So that's 1,166,666,667 RRR shares (yes almost 1.2 billion RRR shares!) that POW will hold + £250,000 in cash + 1,166,666,667 warrants. That is all without any of the JORC hurdles getting triggered.
If the RRR SP drops any further, POW will have an even higher amount of RRR shares and vice versa if the RRR SP improves.
Agricore - This is from the POW RNS dated 13th March 2024 in relation to the NGBC disposal for consideration of up to £1.5mil. Unless any terms have changed which I am unaware of, the following will happen:
- On completion, £250,000 payable through the issue of 166,666,667 RRR new ordinary shares + 166,666,667 0.25p warrants (with a 3 year expiry)
- Upon Completion, £250,000 in convertible loan notes with a conversion price equal to the price of any placement of new ordinary shares of RRR raising proceeds of over £200,000. Should conversion not be undertaken within 6 months of 8th March 2024, the CLNs of £250,000 are repayable immediately as cash. RRR need cash for this deal alone, so a £200,000+ raise is guaranteed to come. POW will therefore get £250,000 more RRR stock at whatever discount the placing is done at.
- £250,000 payable in cash two months after Completion.
- £250,000 payable in cash nine months after Completion or, at RRR's election, through the issue of RRR Shares equal to the value of £250,000. It will be done on the 10 day VWAP and also one warrant per issued share at 50% higher than the 10 day VWAP.
- £250,000 payable on an announcement of a 20,000 oz gold or gold equivalent JORC Resource (payable in cash or equity at RRR's discretion). If equity is issued, it will be done on the 10 day VWAP and also one warrant per issued share at 50% higher than the 10 day VWAP.
- £250,000 payable on an announcement of a 200,000 oz gold or gold equivalent JORC Resource (payable in cash or equity at RRR's discretion). If equity is issued, it will be done on the 10 day VWAP and also one warrant per issued share at 50% higher than the 10 day VWAP.
Therefore 6 hurdles for RRR above, all worth £250k to POW in different crystallisation events. Total consideration is therefore up to £1.5mil. Astronomical dilution for RRR holders as outlined above.
Started: Tray556, 14 Jun 2024 11:44
Last post: ICB888, 14 Jun 2024 13:36
Here is the conclusion to the article which gives his valuation of POW based on the 5 assets he has reviewed this week with more to come:
“ We know that the last transaction in FDR shares before being acquired was 8p per share — with a market capitalisation of £3.1 million. Add in the £1,125,000 in capital raised thus far and you have a value of £4,225,000 — £2,475,427.50 of which can be attributed to POW’s shareholding.
Given the hugely improved economics of both gold and uranium since then, we will round this up to £2.5 million though arguably this is an underestimate.
Add in the £32.4 million comprising the Athabasca portfolio JV with ACAM, Golden metal shareholding, Power Arabia and GSA — and we’re up to £34.9 million.
Tune in on Monday for the next set of POW assets: holdings and interests in ION Battery Resources, First Class Metals, Kavango Resources, Molopo, Tati, Silver Peak and more…”
Https://ftseaim.co.uk/power-metal-resources
"By now, one hopes you get the picture — Power Metal is languishing with a market capitalisation of circa £20 million and it should be at least 50% more than this. I don’t even need to convince you of this, simply present the company’s constituent parts, provide a simplified valuation — and then add them up."
Just need to get this message in front of a new audience willing to buy shares in this sector and its game on for POW I feel from this critically undervalued level.
Started: Tray556, 11 Jun 2024 08:26
Last post: sol001, 13 Jun 2024 15:28
It was a sell.
Must of been off market. There's no way you would get that as a buy price for 350k shares. We would of opened in the late 20s if they had only bought on market
Looks like another large trade of 350 k showing up late yesterday. That's a fair size chunk .
Great to see we are up on the US market as well today
https://www.bloomberg.com/quote/POWMF:US
RNS CEO comments:
“ Sean Wade, Chief Executive Officer of Power Metal Resources plc, commented:
"I'm pleased to confirm that Power Metal will be executing the disposal of its interest in New Ballarat Gold Corporation plc to joint venture partner Red Rock Resources plc in the coming days.
"The disposal enables the ownership of NBGC to be focused in one entity which is the optimal holding structure for its continual development. This also reflects the success of the streamlining process of the Power Metal portfolio, with the NBGC interest being converted into a balance sheet investment holding and additional incoming cash.
"For Power Metal, this disposal will further enable the Company to focus and direct its managerial, operational and financial resources on retained high value business interests and new opportunities.
"I would like to wish the RRR team all success with their plans for these licences."
Disposal of Victoria Goldfields Joint Venture Interest
Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London-listed exploration company with a global project portfolio, is pleased to confirm that further to the announcements dated 13 March 2024 (see here: https://tinyurl.com/26ejenby) and 10 June 2024 (see here: https://tinyurl.com/yc6d9ekx) the conditions precedent of the transaction have now either been fulfilled or waived. Accordingly, completion of the disposal of the Company's 49.9% interest in New Ballarat Gold Corporation plc ("NBGC"), which wholly owns Red Rock Australasia Pty Limited ("RRAL"), the local operating company holding exploration interests in the Victoria Goldfields, Australia and in South Australia, will occur within five days of 11 June 2024 (the "Completion").
Following Completion:
1) Power Metal will transfer its holding in NBGC to Red Rock Resources plc ("RRR");
2) RRR will deliver £250,000 in convertible loan notes ("CLNs"), with a conversion price equal to the price of any placement of new ordinary shares of RRR raising proceeds of over £200,000. Should conversion not be undertaken within six months of 8th March 2024, the CLNs of £250,000 are repayable immediately as cash; and
3) RRR will deliver 166,666,667 new ordinary shares in RRR to Power Metal, with accompanying warrants exerciseable at 0.25p per share in RRR.
A further announcement will be made following Completion.
Started: Tray556, 11 Jun 2024 22:41
Last post: Tray556, 11 Jun 2024 22:41
No idea who this guy is, but he writes often regarding POW and presents a fantastic detailed business case.
Well worth a read and he has plenty of other POW articles too.
https://theoakbloke.substack.com/p/pow-lot-mountain?r=2o5lxe&utm_campaign=post&utm_medium=web&triedRedirect=true
Started: Rotherby, 11 Jun 2024 15:40
Last post: ICB888, 11 Jun 2024 18:35
It does indeed say the extension is until today. But in then says the announcement about the transaction will not be made before Wednesday 12th June ie tomorrow. That was agreed between POW and RRR and stated in both RNS. I will just be pleased when our CEO is able to extract POW from any connection with RRR. The original deal was set up by the previous CEO. Just look at the history of RRR and its Chairman Andrew Bell and you will see what I mean.
Yes I did read and it said today not tomorrow even if after hours, I Wednesday seem out side the times set down for the ttansaction
Read the RNS:
“ Given the long weekend due to the public holiday in Australia on Monday 10th June 2024, the parties have agreed a short extension of this long stop date to Tuesday 11th June 2024. An announcement in relation to the transaction will therefore not be issued before Wednesday 12th June 2024.”
The same wording is unsurprisingly in the RNS issued by RRR. So the RNS is not due until tomorrow at the earliest.
By inference we should have an RNS otherwise RRR are out of time
Started: specinvestor99, 11 Jun 2024 17:59
Last post: specinvestor99, 11 Jun 2024 17:59
Why the delay due to an Australian holiday? I can think that an ASE listed company is involved in some way or perhaps its just tidying up the legal process and the attorneys are on holiday.
Started: ICB888, 11 Jun 2024 08:00
Last post: Doc83, 11 Jun 2024 08:02
“The results were considered by the Company's technical team to be significant and a decision was taken to rapidly plan and undertake next exploration steps to drive the project forward. This campaign is now underway and represents the largest ever geophysical exploration programme undertaken by Golden Metal.”
I liked this part. Relentless newsflow.
RNS from GMET this morning probably best explained by the CEO’s comments:
“ Oliver Friesen, CEO of Golden Metal, commented:
"We are advancing project development workstreams at Pilot Mountain with our engaged engineers and permitting specialists; as well as drilling across multiple target areas including Desert Scheelite, which hosts what is believed to be the largest tungsten deposit on US soil.
"Notwithstanding proactive development workstreams, Golden Metal is committed to advancing our very exciting additional exploration targets at Pilot Mountain and Garfield.
"Based on the results achieved across multiple target areas thus far, we are of the belief that the data from the ongoing campaign, which is the largest single geophysical exploration campaign undertaken by Golden Metal to date, will lead to multiple exciting drill-ready targets.
"It has been our strategy since day one to measure twice, and cut once, and this extra exploration step, particularly at Garfield, we believe will give us further confidence in the potential for these zones to host mineralised copper porphyry systems and in addition, the necessary data to plan a targeted drilling campaign thereafter.
"We look forward to completing this geophysical campaign, followed by announcing the results to the market and next steps."
GMET really are moving at pace to advance this project and it’s very impressive.
Started: ICB888, 10 Jun 2024 16:05
Last post: Worzel7, 10 Jun 2024 17:54
175k trade popped in.
Very grateful for the posters that keep the bb ticking over with informative posts. Not posting myself for ages now, but still reading the bb every day. Big thanks to those that do.
I must say that we are getting a lot of rain these days! The Sun will break through! IMO
Absolutely Doc83 and we have both been saying it for some time - clear investment case here so its not ramping if you can simply jot down a few facts and figures and cover the market cap in it's entirety.
GMET investment + 17p warrants in the money = £13.6mil
Uranium JV (30% of £20mil) = £6mil
FDR pre-IPO valuation = £2.6mil
TOTAL = £22.2mil
Current POW market cap = £21.9mil at the 19.75p mid-price therefore everything else is still in for free and all potential of other assets effectively "negatively priced" from this level.
Very strange that the market is still sleeping here. Just a matter of time now before POW has it's day in the sun.
20p offered. I'm going to sound like one of those dreadful rampers, but I do think this is one that people will look back on and wonder why they didn't invest/top up, as it was all so clear.
GMET now Number 5 on the Leaderboard Up 19.05% at 25p.
POW starting to respond to GMET’s rise Up 6.94% at 19.25p on volume of 771000.
Started: bobbust, 10 Jun 2024 15:17
Last post: Doc83, 10 Jun 2024 15:42
Indeed! I know what I'd do if... Oh, wait, I did!
We are not keeping up with GMET
Started: Tray556, 10 Jun 2024 12:40
Last post: mornington-oz, 10 Jun 2024 14:51
Nice rise today, hope to break the 20’s this week
Latest detailed POW write up by Charles Archer - "The valuation disconnect is irrational and will close."
https://ftseaim.co.uk/power-metal-resources
Started: Tray556, 7 Jun 2024 07:50
Last post: sol001, 10 Jun 2024 10:33
Very low sp for what we have (as Tray mentioned below)
We should be seeing the molopo assay results in the next couple of weeks. We have the JV Uranium deal going through (without any hiccups), around the 29/7. The redrock disposal this week (more cash coming in) and more news from the GSA (environmental). Plus news on the RR conference and FDR ipo. Plus others that I may not of mentioned
All good imo
GMET premium financing with Purebond this morning at 22.5p with no warrants attached, so the GMET SP should do well today if simple logic is applied by investors.
On the flip side, I wonder how ridiculously undervalued the market is going to value POW today then? POW now holding 49.53% of GMET post strategic fundraise.
At a mid price of 22.5p, POW's GMET investment value (including 17p warrants in the money) would be around £12,250,000 which would be over 60% of POW's current market cap.
GMET investment = £12.25mil
Uranium JV (30% of £20mil) = £6mil
FDR pre-IPO valuation = £2.6mil
The above is now £20.85mil alone so that's higher than the POW current market cap which is £20mil currently. I've hardly started discussing the POW portfolio and I'm already at £20.85mil of value. Undervaluation here is wild, the market appears to be pricing in World War 10 as far as POW is concern when POW is making more right moves that most of their peers. Very strange and as I have said many times, the clear investment opportunity here won't present itself forever.
The branding is spot on, what are you on about? Have you not been following the recent progress updates.. We're in for a busy summer and trending nicely up 34% in the last month. The recovery is on, keep the faith. We're in safe hands.
I think POW need some rebranding. There's clearly sentiment fatigue with so many retail investors associated with years of lacklustre performance.
I'd go for an immediate name change.
Couldn't agree more. Although SW and POW must be aghast at the lack of interest so far. 7 trades and £7k worth bought today so far!
Started: Tray556, 3 Jun 2024 08:34
Last post: Wigster77, 6 Jun 2024 15:06
Thanks sol001. "A very busy summer" coming up, with lots of news on the wider portfolio. Sean mentions how undervalued POW is when taking into account all of the assets/interests/potential we have (as previously highlighted by Tray556 and others on here), so hopefully we'll see a significant rise in the SP in the coming weeks to bring it closer to the "true" value.
ATB & GLA
If the deal goes ahead, it's going to give Power a lot more firepower to deploy funds elsewhere. It
must be one of the most undervalued stocks on Aim. We are in the middle of a super bull market in commodities and the seniors let alone the juniors are mostly being neglected by the market. The tide is slowly turning though, and juniors will become overvalued once again. Based on this stock was trading at 60/70p in a positive mkt with far fewer assets and potential, is fair 100p?
SW credited PJ today for laying the foundations of today’s RNS…
same was puffed in by paul johnson and all his ramping thank **** he’s now gone and sean is at the helm driving this company forward. always believed we’d get somewhere with this and with the projects that they have this certainly is a multi bagger in the making.
Started: bobbust, 3 Jun 2024 09:24
Last post: sol001, 3 Jun 2024 09:41
I see alot of the day traders are back. We should be around the same as Gmet with today's news. More cash in the bank and we still are dragging behind. Still early though; let's see how it closes at the end of the day
It's all GMET. Nothing added for today's RNS.
1p on GMET adds 0.5p to POW
Started: Robsaunders99, 3 Jun 2024 08:43
Last post: Robsaunders99, 3 Jun 2024 08:43
MULTIBAG even more from here.
The potential is huge and in the right sectors and cashed up
50p target
Fantastic RNS this morning. Just what I was hoping for. Nice job Sean. Here's hoping all goes smoothly 🙏
I like this part as well;
'If completed, the proposed Joint Venture is expected to provide Power Metal shareholders with exposure to at least five significant, high impact drilling programmes with an experienced financial partner, with significant advancement on several more. ACAM and its affiliates have investments in mining and exploration projects globally including the Gardaq joint venture with TSX and AIM listed Amaroq Minerals in Greenland.
Fantastic RNS this morning:
1) POW's biggest JV to date (Doesn't take anything more than a quick google to see ACAM LP have bags and bags of cash!)
2) £10mil committed spend in a Uranium JV which POW will have 30% exposure to on a cash free ride basis. Per the RNS, financing for up to 5 major drill campaigns for Uranium.
3) £mils in cash coming into the POW bank account as part of the deal (£2mil now, up to £4mil later) much of which is non-dilutive.
So you now have POW crystalising some serious value here on their U assets which are all priced in at pretty much zero due to POW's GMET investment which is covering 60%+ of their market cap at present for starters.
Great work by Sean and the team. Placing fears now disappear for the foreseeable, the rest of POW's assets can accelerate at pace now working capital has come into POW and the POW model moves on to the next level and the big boys are sniffing around POW. All good as far as I am concerned and the POW balance sheet takes another step forward and is now over the £20mil mark per my calcs (assuming everything stated on the RNS is agreed). MCap alone was less than that on close of play on Friday. Huge upside here!
Paul Johnson's hard work is really starting to pay dividends now.
Hopefully, it won't be too many years before the financial dividends start flowing into shareholders' pockets!
GLA
Keen to hear Tray’s thoughts on this and updated POW “value sheet”! But £10m (potentially rising to £14m) for selling 70% of our uranium assets seems decent, considering what we paid for them. And still keeping some exposure if things really do take off.
Started: mornington-oz, 3 Jun 2024 08:04
Last post: mornington-oz, 3 Jun 2024 08:04
Great start to the day.
Started: bobbust, 31 May 2024 12:35
Last post: sol001, 1 Jun 2024 12:20
That would work out to be just under £12 million, pow has made so far with gmet alone. This will rise further. With our current market cap that's around £30 million
PJ has been taking a leaf out of Tray’s book! And to think GMET actually hit 22p yesterday. At this rate, it’s plausible that everything other than GMET in the POW portfolio will effectively be for free. It’s why I’m continuing to build up my own holding here.
You’re right, Sol. And if day trading, GMET and the like are the places to be. Long term, POW should win out.
Even though pow is where the money is and the more the sp goes up on gmet etc. Pow makes more and more cash.. Drilling, assay results and other rns news like this is what excites shareholders and this is one reason gmet is doing better than here. I used to have the same excitement when we had scan data, drilling and then waiting for then results to come in. This is one big reason for keeping the Uranium under pow for me and of course attracting more buyers like gmet have to pow
Hold on Sol, we're 18p on the offer now!
Shame the sp doesn't reflect the value. It won't be until we have an audit that shows the figures that investors will see that pow is the one making all the money from these ipos. We have a long way off before we reach our old share price (1.50 or around 30.00 in the new consolidated price) before PJ and molopo dragged us down. Hopefully Sean knows what he's doing with molopo. If we get more bad results, we will be back below 15.00
At this rate, it won't be too much longer until our stake in GMET is worth more than our entire market cap. So much value here!
GMET continuing to push on again today, market cap now £20m!
I'll stand corrected in my orthopaedic shoes ;)
Started: bobbust, 29 May 2024 13:07
Last post: Tiggrrr, 29 May 2024 16:04
POW is so due a re rate!! This disconnect between POW's asset and balance sheet and the MCap given the potential in the assets in a commodities bull run is crazy!! Bloody unreal!! It's like a coiled snake st the moment.
Let's hope Sean can communicate this to the US audience at the RR symposium. We're up and running on the OTC and ready for some action hopefully.
C'mon Sean, you can do it!!!
And POW falls!!!
Started: ICB888, 29 May 2024 13:13
Last post: sol001, 29 May 2024 14:32
We own most of gmet market cap at power metal and royalties. Just wish the share price here reflected this. Still when pow sells up and all that cash is in the bank, we should see a rise. Especially when we have share buybacks or dividends
POW market cap: £17m
GMET market cap (that we only more than half of!): £18.4m!!!
“Pilot Mountain Nevada - Project Development Update
Golden Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce an update from the Company's 100% owned flagship Pilot Mountain Project ("Pilot Mountain" or the "Project") located within the prolific Walker Lane Mineral Belt in Nevada, USA.
In parallel with accelerated exploration, notably diamond drilling of key targets which is now underway at Pilot Mountain, the Company is looking to also accelerate development of the Project, using the current Mineral Resource Estimate ("MRE") as the initial basis for planning.”
The news flow continues following the Garfield RNS a week ago we now have further acceleration at Pilot Mountain:
“ Oliver Friesen, CEO of Golden Metal, commented:
"We are very pleased to officially have Bara Consulting, Snowden Optiro, Bomenco Engineering and Westland engaged as we continue pushing our flagship Project forward at pace. While the exploration and drilling workstreams have taken centre stage over the last few months, in the background we have been working on various development workstreams and can now confirm that they are moving forward in parallel with the ongoing exploration initiatives, including active drilling.
"The tungsten landscape continues to evolve rapidly and there have been several developments over the last few weeks and months which have further increased our excitement surrounding our flagship tungsten Project. Tungsten prices have not only increased substantially and are currently sitting at an impressive $365.5 USD/mtu WO3 but more recently, the US announcing a 25% tariff on Chinese tungsten imports (with effect from 1 August 2024), further increasing the attractiveness of American mined and processed tungsten.
"We look forward to providing more updates on the various development workstreams as well as the ongoing exploration & development drilling which is progressing well."
Doc I hope your right and it does reach 50p+ here at pow stock. As you know, we all thought the sp would double/triple from all the positive talks from PJ on molopo farms and look what happened there. I've a huge loss at the moment from believing in PJ. Let's hope Tray is right and Sean does what he says he will. It's all great power is making lots of cash, but at the moment it doesn't show that way in the SP.
Let's see if you're correct Tray in the long-term and I'll be the first to say well done 👏
I don't care about the SP in short term anymore because I'm well positioned in POW and as long as the business keeps building the balance sheet as they are doing, opening up revenue streams, trying to sign big deal etc. then the market will come to me as a long term investor.
My focus is therefore on the balance sheet and business deals, not the SP and daily volume. Those looking at the POW SP in 2020/21 bought in solely because the "SP was going up" ... they didn't look at the fundamentals that they were buying a £30mil valued company which had £2mil on its balance sheet and low and behold they all got stung.
POW soon to have £30mil, £40mil, £50mil on its balance sheet. The market will almost certainly come to POW then and if the market gives POW another fair wind, who knows where the market valuation could be. £100mil market cap is my personal target in the medium/long term. Things are quiet at the moment, and unless things are noisy, then nobody gives a hoot on AIM. I think things will shortly get a lot louder in POW and it will be backed up by a solid financial fundamentals too with their growing balance sheet and not just on some dreamland hype from a drilling campaign like most junior exploration plays out there.
Got to have the solid balance sheet if you want dividends, buybacks etc. That's certainly the plan here and if the market cannot see it yet, then I'm willing to take a punt from these critically undervalued prices in my view. We all won't agree and that's the beauty of investing and nothing is anywhere near a certainty in this sector, but as soon as a few more agree with my logic here (and I think they will soon enough!), I make a lot more money than they do entering POW later down the line!
Sol, I first bought into POW is September 2022 so while I've not been here as long as some, it's still a decent stint. I have my core, safer holdings but then a selection of small/microcap/AIM "punts", I guess looking for that magical 10x bagger but knowing that nine will likely go bust first and it'll all have been pointless!
However, I have to say that out of all my punts POW really does seem the best run and certainly most communicative company of the lot. I have (tentatively) high hopes and wouldn't be surprised to see 50p+ here over the next 12 months, maybe considerably more if the likes of GMET can hit the motherload. But even if that doesn't happen, I see it ticking up nicely over the long term. I've been building up quite a nice holding and might even try to squeeze a bit more in.
You must be the only one that doesn't care about the sp not going up and hardly any buyers. I'm a long-term investor here. Let's hope they figure something out for people who care about the share price going up at POW. Dividends and buybacks would be a good way later down the line. Thanks for the input as always ;-)
Couldn't care less about the short term volumes and the SP, I simply look at the business balance sheet as that's growing by the day, yet the SP isn't. The longer term investment case in POW is therefore getting stronger, yet the SP isn't moving up in proportion to the strengthening investment case. That's a stonewall buy opportunity in my books and exactly what I have been doing in the sub 15p zone for the last 12 months+ (sub 0.75p zone in old money)
Isn't the whole point of microcap investing trying to get yourself positioned in the stronger looking illiquid stocks as you make your money then when liquidity arrives. If no one wants to buy it today I'm fine with that because when people do buy into this tomorrow, I'm well positioned.
AIM in general has no liquidity at present and neither does the junior exploration sector. Many have left the marketplace due to this and they have been right to do so over the past few years. But POW have millions in investments they can tap into at their pleasure, deals being possibly worked on behind the scenes, multiple future IPOs, revenue streams via their GSAe acquisition. Soon investors will return to POW. With a £16mil market cap and £13mil+ in listed investments and pre-IPO investments, its only going to take one half decent bit of news from POW now to get their SP moving in the right direction in my opinion.
Those buying directly into the IPOs and pushing the IPO SPs up is all for POW's benefit too. Just because the POW SP doesn't shoot up, doesn't mean all their investments have disappeared either. Soon some of those POW investments will be monetised and dividends will become a reality. Its all part of the longer term business model. POW are financially sound compared to almost all of their sub £20mil market cap peers. POW will have their time in the sun soon enough, but at the moment the winds from the market are just against them.
Last post: sol001, 20 May 2024 10:15
Will be interesting to hear more news on this later down the line. Pow has alot of contacts and should be able to increase these annual profits. Why else would Sean look at this if he wasn't looking at the bigger picture
So POW have issued £75k shares today for a 75% stake in a business that makes £300k per annum (based on the 6 months accounts up to 31/12/2023).
So POW now have £225k a year profit on our books (75% of £300k annual profits). That's a breakeven on our initial investment within 4 months! .... what's not to like about that?
All future cash/equity to be issued as part of this deal only happens if this venture is making serious profit and when POW issues more cash/equity, POW are making far more than they are giving away.
Its a very smart and well structured deal and clearly from the points stated on today's RNS the business is looking to scale up operations in Saudi etc.
MAFL
“M&F's investable funds, £10,388,000 at the end of H1-2024 period, showed an increase of 21.8% YoY.”
6 Month Portfolio Performance
LUCA Mining 98%
Capstone Copper 115%
Centerra Gold 35%
Fortuna Silver Mines 63%
Hudbay Minerals 125%
Orla Mining 48%
Pan American Silver 52%
Gold ETF / Silver ETF ~ 18%
Do I need to continue?
We could be looking at £20 million investable funds value.
£4m market cap.
RNS OUT
Looking good on ZM chart.
https://www.youtube.com/watch?v=Nz1B25NNjgc&t=3s
Started: Tray556, 17 May 2024 10:30
Last post: PaulFG, 17 May 2024 10:46
@TRAY - okay thanks - too many conflicting numbers on various websites.
No totally wrong Paul. POW have never held 54,426,265 shares. The GMET shareholding % on their website isn't updated very often.
POW had 52,248,756 at IPO and that has remained the same amount. They even released an RNS confirming their GMET holding again on 08/04/2024 confirming they still had 52,248,756 shares.
Now they have 53,998,159. The increase being the 10.75p warrants they just exercised.
@TRAY as of 30th April 2024 POW held 57.35 % of 94, 852,328 total shares = 54,426,265 shares (GMET Website)
if they now hold 53,998,159 shares as you state - then something is not adding up here
Would appear they have not taken up their warrants and have actually sold some shares?
I'd welcomed being corrected.
As per the RNS today from GMET, POW now hold 53,998,159 GMET shares. POW therefore took all their 10.75p warrants on offer last week. % holding in GMET down to 50.57% due to warrants dilution in GMET and the recent Purebond strategic placing.
POW's shareholding value in GMET today at the 16p GMET mid price is 53,998,159 shares @ 16p = £8,639,705 which represents around 52% of the entire POW market cap!