Frustration by some doesn't mean its always down to a falling share price18 Aug 2023 14:51
I think its a bit unfair for some to presume those that brought in at 3p only think the company is a failure because the S.P now sits at 0.7p, my average for clarity is 1.6 but currently I have no intention at this time adding. I also continue to have sticky hands and refuse to sell.
Maybe there is more to it then just frustration with the S.P ( something I add the company has to take some responsibility for ), many here didn't buy into the current business model , they brought into a company that were actively drilling in multi country's for multi commodity's back a few years back
Molopo is a prime example of this. when p.j was shouting off about "super conductors" and "company changing finds" ( there are many other quotes like "bonanza grades" just watch the 10000s of interviews he done) many investors brought into the exploration side of the company and the potential of the projects when sold to us, of course there are no guarantees in mining but P.J was selling POW with the exploration we were doing , not the current IPO building exercise.
The exploration we do now is cheap and limited at best, and a good outcome of these explorations would be to warrant further exploration by finding targets , then create a IPO and let the new company do it risk free to pow, I presume many investors here didn't buy into that model.
currently there is nothing on the horizon that I can see that will move the S.P north to over a penny, the current Tati exploration programme is a complete joke that's been going on for 8 months and we haven't even put a drill in the ground
The uranium exploration results will be a good outcome if they show further targets. its so early days those getting excited about it in my opinion will be disappointed when they realise there will be no short term value from it, loads of work still needs doing on that front, even Sean wade confirms this. ( yet currently its POWS company seller)
maybe frustration lies with some that they have invested in a company that has changed direction , and they are locked into for the foreseeable future. no LTH brought into POW a couple of years ago hoping for a uranium story and at times it feels POW are back at square one on many projects. strong words but....
Uranium square one
lithium square one
Saudi Arabia not even at square one yet (but i expect licences in short term future)
Molopo who the hell knows
Tati even pow gives off the negative vibes with the slow exploration campaign
silver peak not even on the agenda
Hanetti ( yep that's still around again not on the agenda)
So our current hope a uplift in a ipo such as GMET where we hold just over 60%
sounds like a negative rant , its not , but some posters need to realise frustration by some isn't always down to the good old cheap excuse it must be because of a falling S.P, for me this is a multi year hold now ,why they continue adding to the balance sheet and creating further IPOs hoping one or 2 will come