Member Info for Bonkers0801

Yes of course its Sean's decision if he wants to sell some GMET shares , isn't that hIs only decision he needs to make regarding GMET, but your comment was

"To set up a mine would cost the company millions. More than WE have. Unless they have a JV that is going to cover all the costs of setting up a mine, Sean wouldn't go down that route".

that's all I was querying

Pete , ill also ask you the same question , why would it cost POW millions of dollars to construct a mine?

sol the s.p dropping today of all days i would suggest is nothing to do with pow specific , rather then the market crashes all over the world due to fears with the U.S going into a recession.

just type in google market crash and im sure your theory will change

I could have a guess on how much it will cost to start a mine up but sure i will be multiple millions out , however im 100% positive it will be more then then cereal tokens.

that however wasn't my question.

i was querying why it will be Sean's decision and why the cost would come from pow

Sol why would it cost pow millions to set up a mine?

and how does Sean even have the power to decide if one is set up or not? isn't that Oliver's job?

I would suggest also that if there is what people believe there is in pilot mountain then a mine at some point will be a certainty

They certainly are both good news

with luck the banks report will get more institutional investors on board and we see a steady rise in the share price over the coming months

Bobbust if only mining was that easy and S.P predictions were that accurate.

Back in the real world lets hope for a positive grant and added resource

Topped up again today, £10.11 , considering the latest results and the way this share swings , it really is (in my opinion ) a real gift to buyers.

How low will it drop, who knows , but I'm sure if i i had said that we will nearly be in the 9s on results day by the start of Aug I would of been laughed at and heckled.

While I already kind of knew what you typed bot , on that message alone I'm seriously thinking instead of trading just keep topping up as and when.

Missed out on rolls royce , as traded that one more time then I should of, maybe not make the same mistake here

Well while my buy is a great entry point it also proved that buying at the lows is just as hard as selling at the highs.

Already jiggling some money to try and double my holding to bring my average down to the half way point between buy price and 11.44

This is the most played with stock I have ever seen

Sold out last time at 13.11 and can't believe my luck I can be in again at 11.44.

The only stock that can keep posting fabulous results yet is up and down like a yoyo.

The only stock I trade in rather then invest long term , one day it will catch me out like rolls royce but that's the game

Preliminary approvals from 2nd bank is simply that , Preliminary.

So what info can be taken actually be taken from that rns as a lot of words with very little update.

Preliminary approvals from 2nd bank , it's always always Preliminary, let ne know when it's approved please.

Early works , the rns states nothing more then progress continues to be made , EARLY WORKS is really important as satisfy early works are completed and we unlock full funding, subway can't harry say in detail

WHAT early works have been completed today

What early works is currently being completed and a lt What stage is that work at.

The biggest paragraph of them all simply says we met with the Ethiopian government, we thanked them and they thanked us because that's what we do at boardroom level , make big egos even bigger.

I'll get excited when first drawdown is completed , and no more dilution to the long suffering patient holders.

Bit all this talk about super super news is just fantasy from people who Likley get as excited when they buy a multi pack of yorkshire puddings and they have hit the jackpot when they see they got a additional free one to the pack

Responding to someone that's here to create doubt ,cause havoc , simply makes them relevant.

Saying it's my last message on the subject and then continue to post shows they have dropped the line and you have well and truly took the bait.

Everyone can see a mile off who's here to make trouble and try and create doubt , vast majority just filter or ignore , trouble makers only need one to take the bait to start threads , get 2 or 3 they are laughing.

Does anyone think that folk are acctually buying or selling based on the posts read today, and if they are does anyone think it's actually effecting the share price.

Shame on the trouble makers and shame on the responders , ultimately it's everyone else that's the real victims by reading all the BS printed

Scottydog pow being a useless explorer while acknowledging gmets success shouldn't be in the same paragraph.

All the work done by Oliver has cost pow nothing

The current exploration gmet has cost pow nothing

The licence applications and funding applications again nothing

Do you see where I'm going with this.

If that's pow being a useless explorer then I'll take it.

The same will be for fdr , power arabia etc

Sometimes you need toonfocus away from the s.p for a moment.

Sean has done LOADS , ask yourself a question would you rather be invested in the current state of pow 2024 or pow 2022. I know it which one I'd pick.

The s.p is disappointing, but certainly not down to the work and effort sean is putting in

Hy do you keep refering me to trays posts , I don't need to ask tray for his figures , his figures DONT show us making money , it shows that on paper our investments are worth more then when we brought them.

A bit like our investments on paper are up or down depending where we all brought in, that money only becomes real once pow sells part of said investment.

If I brought a house for 400k and got it valued 5 years later for 500k I would still need cash to go and buy a sports car. I couldn't go down the car showroom with the deeds and say I'm making money. The money would be there once that house is sold or I ask for a bank loan. After all that house could suffer serious damage and be deemed worthless after the 500k valuation , poor example but late.

I'm not trying to argue with you. I'm simply referring to your earlier list that we are making more money them gmet and we have no outgoings, neither company are making money and we have many outgoings.

Undervalued , bright future , nothing priced in blah blah blah I agree with , jist not your earlier post

I remain invested for the long term

Sol I appreciate all that , but with respect and to the point you have said pow are making more money then gmet and we have no outgoings.

I'd argue that's completely untrue , we have no profit as we are not generating money , with luck that might change with gsa , it will at least reduce outgoings and we certainly have many outgoings, example exploration isn't done for free , sean and the board are not working for free , and I'm sure the p.r and general working costs are not for free.

Yes some of our assets are worth more, but that doesn't equate to cash in the bank until a transaction is made on those assets.

Regarding the 140m shares , yes it was a good deal at a premium ,and one that was necessary, but it also diluted our investments as 130m shares were added to the pile

130m in Feb (fat thumbs)

From intrim results

The interim financial report has been prepared on a going concern basis. Although the Group's assets are NOT generating revenues.

FINANCIAL HIGHLIGHTS FOR THE HALF YEAR ENDED 31 MARCH 2024

- Loss for the period, attributable to owners of the parent of £0.40 million (2023: £1.50 million), resulting in loss per share of 0.38 pence (2023: 1.78 pence);

Iypu also mentioned " Its a nice change to see a company on Aim that isn't diluting the sp and taking advantage of shareholders. This is what Sean keeps saying in his interviews"

The raises we have done while I agree were necessary, were in fact some form of dilution. The 1.3m raised in febuary for example resulted in a additional 140m shares being added. Yes favourable terms and on the old price before consolidation but dilution nethertheless.

It amazes me that unless I have read your message massively wrong that 6 people also agreed with you.

Especially since pow are making more money than gmet and no outgoings. What's not to like.

Can you elaborate on that.

What's the point of this post ,

What's your views on the rns ?

Sol rick rule didn't buy in for a quick turnaround, and in a recent interview mentioned he invests in the "process" .

Unless the s.p goes stupid which I don't see in the near term I see no reason why he won't be happy to wait a number of years for a decent return on his investment.

It's the aim punter we need to convince to stick around