Member Info for Bonkers0801

There was a bit where a few questions came in at once regarding haviron at ggp , but I don't think I could copy and paste where it would be clear , hope the above however has been useful to some.

Telegram chat is another platform, trolls can be easily removed so quite good , but go for a couple of days and hard to keep up , so has its pros and cons

He finished with a quick message of

Its been a deliberate strategy to blow out the number of projects from 3 in West and Central Africa in Feb 19 to a three continent business with 13 projects today. Actually within the 13 many are multiple project "packages" (eg Golden Metal Resources is shown as 1 project but is now actually 4 - Pilot Mountain, Golconda, Garfield & Summit).

Diversity of projects gives a junior optionality, and in our case a serious mix for potential discoveries and separately spin out value creation (or disposal if you consider the £1m sale of our Ontario interests to First Class recently).

We have been very careful to pick projects with potential. Every project with a DD period has been crystallised. The results from some of the projects so far has been stunning - bonanza grades Silver Peak, Nickel sulphide first drilling at Molopo, Tati surface gold/nickel etc.

The normal model for a plc junior is one or two exploration projects and no corporate spin outs (go to the market for funds forever usually). We are doing exploration work across most of the portfolio, we have 9 programmes complete or running right now and results pre Christmas, and 4 spin outs in motion right now.

As a private investor if put money into a junior resource company I am looking for multiple returns. I want and expect the juniors I invest in to be considered but aggressive in their approach to give me a fair shot at making those multiple returns.
Power Metal is doing just that. Thanks everyone.

Question....I cannot be certain but I think Southern Copper IPO is really struggling to raise the cash. They were to float end of last month. Have we now put these IPOs on the back burner for now or are we still on track so to speak? I certainly feel there is no appetite for now and that we should bite the bullet and drill them a little more, thereby increasing their possible value. What are your thoughts?

Pj......Market's run in cycles of course in junior resources, its poor for now, and that leads into a good phase. Best time to list/IPO is a good phase. You dont really know the market conditions until you get to this listing point, then you have to make a call. I have a feeling we may be fortunate with our timing - but I am the biggest optimist I know. But for now we push on with the listing process, adding value to the projects as we go as well, they will not stay stagnant. If we had to pause and wait a little at the end we can, but we will not give our interests away for nothing on IPO for sure. Also, and sorry if this sounds like self praise, but our packages are and will be carefully constucted, our team will work them very hard, and investors know that historically from early days in a vehicle's life people have made money - so that helps with financing support (even though sometimes the market cycles can require a little patience.) To be clear I have no view on Southern Copper and its value proposition.

Question.......The Magnetic Bullseyes are borderline with Rio Tinto’s licenses - would you know why POW were able to discover these bullseye locations and Rio Tinto weren’t able / chose not to…? Different tech?

Pj.....Most of the world's discoveries are made by juniors. Why did the majors not grab all the ground with those discoveries themselves? I dont know in all cases, but opportunities exist all over. I dont know why they didnt secure the Wallal ground specifically (large firms have their own ways of doing things and that could be for a wide variety of reasons). All I know is that we had the risk appetite and interest, did the deal and now we have that ground. That makes us pretty happy.

Question....With things opening up Paul any plans to travel to our key projects?

Pj.....Always like to visit projects, to get to know the teams. We have managed pretty well with the hub and spoke approach using good teams on the ground with largely good outcomes. We have to continue with model as today, you never know what travel restrictions could be in place. For 18 months the most travel I have done is to the meeting room

Question.....Can you remind us at what price did we buy KAV options and at what stage would you consider selling. Would that be all, half or some. Obvious caveats apply

Pj.....POW subscribed for £38,000 in KAV convertible in April 2020 and converted that into 4.75m KAV shares at 0.80p, we exercised 4.75m warrants at 1p (making 9.5m shares total) and on top we hold 4.75m replacement warrants at 2.5p, expiry circa April 23. So overall exposed to 14.25m KAV. When would we sell? No idea - hopefully on average a lot higher than today's price ??.

Question....Paul - we recently received a TR1 from RRR. Did that disappoint you?

Pj.....Well it interrupted breakfast a bit that day.

I have continuously bought shares so naturally I think our share price is a great buy (otherwise as an investor which is me to my core I wouldnt have bought). So I also naturally feel that sellers may be missing out on what we are building. Who I am to give investment advice,if any seller wants to sell shares its important to have a liquid stock where people can buy and sell for whatever reason they feel is appropriate.

Question , Pardon the expression but this is clearly ‘a dog of a market’ currently, so what’s going to kick start the wider market to get on board with POW as there is little or no reaction to good news recently?

Pj ,.....Dog of a market or land of opportunity? The better explorers are crunched down with the bad, difficult to see much valuation differences between companies at the moment. When the sector lifts we will see the differences for sure, as we always have. We have in my view, the best junior proposition I have ever seen, yet the market gives us little attention. No matter we push on, get the job done and the market will come to us.

Question ......We received fantastic news the other day that the EMP for the Botswana KCB project had finally been approved. Any idea on time frames as to when a drill plan will be formulated and circulated, and whether Kavango’s drilling partner will be utilised, hopefully providing a more efficient drilling campaign?

Pj.......Totally share the enthusiasm for KCB drilling, the results when I was CEO of MTR hitting the T3 discovery was amazing. Lets hope we can do similar. The EMP was a key step and thats done now. So now we vector in and do the final preps, we need to make sure those first holes count. So the answer which has to be a little generic as we havent informed the wider market is ASAP (sorry to be a little vague - but hope my enthusiasm counts and shows we are pushing for this alongside our JV partners).

Question ...Regarding emphasing purchases of shares over cash, will the first IPO be a real step up in the sense that it will bring in a large and immediate cash inflow and will this change how POW finances future exploration options e.g. more cash funding rather than share issues?

Ok the ipo process has various stages, for POW when we confirm the IPO vehicles are self financing (ie pre-IPO round) then thats a major positive as it takes the funding requirements away from POW. In that sense its cash flow positive as we not spending on those projects.

Pj.......As we have four packages in process thats quite significant - disposal to First Class, GMR Nevada, FDR Paterson and NBGC Victoria.
What the IPOs do is bring big slugs of working capital onto the balance sheet building our financial strength. Thats significant as you know the city treats you a lot better when you have a strong balance sheet, as would third parties running a slide rule over projects, or indeed the Company.
We aim for the IPOs to be successful so we have a value on listing that we want to go up considerably - we do our job with the package creation, efficient listing process, communications and immediate post listing value generative exploration we stand a very good chance... oh and market conditions of course....

Hi all , query are you all in the telegram group.

Pj came on again yesterday to answer some questions , its not a bad group , just a shame its all one strand unlike headers here.

If not I will try and copy and paste some of the q and a

What a well worded post .

Nice one rm722

Think it's a little beyond that p.w , most of my portfolio is red today.

Dust down and fight another day as they say , however we do sometimes fight strong in the afternoon

I'm sure there are appeals alex , it has been mentioned a few times that this could happen,
I guess by then the grounds for the judgement issued by the judge will be heard and we would at least know what cineworld or cineplex will be appealing and based on what grounds.

Seen a few intresting comments regarding the s.p and the court case holding it back etc lately and genuinly interested to know what people's belief/opinion on where it will head win and lose scenario. I can't really think of a time I have been invested in a company that has been involved in a significant ( on paper at least) case.

if I was a investor looking in I think I would personally wait beyond the court case before investing. But a risky desicion either way.
That said what's everyone's belief on where we will be post court , no wrong answers as its just opinion.

For me if we win the court case i expect a nice rise to follow , maybe not one that shoots us into £1 plus territories but certainly a noticeable one, why because I'm sure there are investors waiting for the outcome of this before investing ,its also a heavy chain around out necks removed from the threat of a lot more extra debt. Things will be much clearer especially with a good trading update potentially thrown in the mix.

If we lose I fear it won't drop as much as a court win rise but a noticeable drop none the less , media , journalists , shorters , and the likes of the company's borrowing and shorting our stock love to turn middle page story's into front page news , i would imagine a good buying opportunity occurs if this happens.

Either way whatever the outcome a settled court case in my opinion is better then on a paper a multi billion pound law suit so will he happy when it's concluded either way.

Do others feel the same ? Or am I alone

I take it you were not offshore then ?

Bet you have seen some sights and met some people , interesting life the riggers have.

Haha happily retired matey good for you , it's amazing the contrast i see when you see them all. Obviously inbound they are all off for a period of time and buzzing , we go and do some outbound work and they are moody af because heading to work. Haha

Seafarers I feel sorry for , especially the Filipinos who quite often do 9 months on 3 months off for little money , imagine turning up on your first shift back ready for a nine month slog , sod that I'm happy with my week on week off

80p this week I don't think will happen, however it's happened before so wouldn't bet my life on it.

Personally 80p would still be far far away from my exit price , so personally I would like to see a steady rise to 80p holding as we go rather then a volitile rise followed by a massive retrace the day or 2 after.

#willstillbeherenextyearregardless

Sammy where did you work on the rigs , I see loads coming through the airports , most come from African regions , some Scotland, without riggers and seafarers I would say airports would be a lot lot quieter through pandemic.

Was you 3 weeks on 3 weeks off , I noticed some were 3 months on 3 months off

Mountainous if bc2020 done that then yes smart investing , his money his choices, thats not the issue.

Bc ramped the hell out of this share , before selling his shares he was preaching for everyone to hold and this will be imminently fly to the moon , thats the issue his credibility was lost , and even by some of his fans at the time . It showed that bc didn't believe in his own hype

I agree with fun anyone that took out a short in March at 1.20 odd with today's price sitting at just over 60 odd pence will be very happy ,if that be through luck or smart investing is irrelevant , they have made a lot of money. And if we could all turn back the clocks every single one of us would of done the same.

We don't like it because we have invested long plain and simple , and we have to wait for our turn.

Fun unfortunately some will smash a troll/shorter here , yet get orgasms from rampers talking the same crap. Its quite fascinating acctually.
We talk about being bullish towards the stock , the fact is some here need bcs crap to remain 100% bullish , they feed off and need his enthusiasm to remain positive. Rather then go off cinema attendances , film slate , future financial quarters , court case progression , and progression In financials.

Unfortunately fun some will always see your name first before reading your post and then cast judgement , shame really.

Note ref above , smalltrader its not aimed at you ue to your bullish post rather everyone that liked bcs posts in the same thread, I do realise you never respond to bc, just a observation in general , won't get involved in a argument here

Lol pig so I was right first time lol
Or are we wrong and others are right

Ahhhhh knew I got the 8th from somewhere

Personally i dont think you should do it , real investors dont ask for opinions on what to do with their cash on a bulletin board , especially one as successful as you.

I don't think you would like the dynamics either , it would be alien to you being invested in a share that you can't ramp to the moon.
Instead you will have to find the other type of troll in you

Good luck whatever you decide to do

Nahhhh you just simply replaced since pandemic began with ever.

My opinion of course , some here believe your right , until I see evidence I can't imagine your correct