The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Bumble1968 So true but it does get difficult when you see profits lost and the market acting irrationally to good news.
Its always the same if you believe in the management and projects just hold on to that.
Here I just keep thinking that a 20 million market cap seems low. Especially when compared to some other companies.
Don't get me wrong I'm still down on paper. And I did say Id stop at 5 million but cant resist what I think is a bargain.
I have faith in PJ so I'm happy to keep buying if it drops again.
The last time we hit 1.55 was back in Oct 20. The markets are down all over but I still think we are priced too low for how far we have come.
GL all
muscels - You have taken my post to the absolute extreme.
I was disappointed with the placing and to some extent still am. Not due to the placing as the terms are good with no discount. I was just under the impression that there would not be a placing.
After watching the interviews PJ did put my mind at rest. Its just a shame IMO that the placing had to come at nearly the year low. However being able to raise £1 million over a weekend shows confidence in both PJ & the portfolio.
I am invested heavily here and will continue to be.
GL All
Well I for one feel let down.
He has constantly banged on that the company is funded through the warrants.
If he wanted to do a placing why do it when we are near a year low?
The only reason I have invested as much as I have here is because I was confident in PJ and trusted him.
Im sure there will be something going on in the background as he has been happy to dilute his holding too.
I hope there is a plan here...
I agree.
POWs time will come. The year low is 1.66 which I find hard to stomach. The company has come so far in this time.
Is a 22 million market cap fair? Personally I don't think so.
I've been buying as many as I can around this price. Obviously we are low due to market conditions but the RNS yesterday confirmed we have a seller. They are now under the 3% so no more updates. However I have a feeling they are still offloading.
A combination of the seller finishing and some good results should see us testing previous highs again. Well that's me hoping!
GL all
Good stuff Tinks. I hadnt noticed either. For those that havent seen it:
Power Metal Exploration Programmes Underway/Results Awaited
Power Metal now has the following exploration completed with results awaited or exploration underway:
- Silver Peak Project (Canada) - diamond drill programme completed targeting high-grade silver (laboratory assay results awaited)
- Authier North Lithium Project (Canada) - soil & rock sampling completed (laboratory assay results awaited)
- Athabasca Uranium (Canada) - Phase I exploration commenced as outlined above
- Tati Gold/Nickel Project (Botswana) - reverse circulation drilling completed (laboratory assay results awaited)
- Molopo Farms Complex (Botswana) - further samples being tested for nickel sulphide and platinum group elements ("PGEs") from diamond drill programme completed (laboratory assay results awaited)
- Ditau Project (Botswana) - preparatory exploration work underway on target I10 leading to planned accelerated drilling targeting rare earth elements and base metals
- Kalahari Copper Belt (Botswana) - results from ongoing exploration across the South Ghanzi Project and the more recently acquired South Ghanzi Extension and Mamuno licence areas
- Wallal Gold/Copper Project (Australia) - geophysics results from 2D seismic processing and passive seismic awaited
- Victoria Goldfields (Australia) - results from ongoing exploration across 848km2 of granted exploration licences
1st RC drill complete according to twitter ??
@PowerMetRes
exploration update from the ongoing drill programme on our Tati #Gold #Nickel Project: The first RC hole is now complete, with the drill now spinning on the second hole. #POW
Excited about this one. GL all
Oh and I bought big at the top. It hasnt phased me. The market cap and share price isnt aligned at the moment due to market conditions.
Anyone can see how far this company has come in the last year since its 3.40 high. In my eyes the share price is a bargain at the moment. Just 0.30p off the yearly low!
The base is being built and the projects are being brought online as quickly as possible hoping for a discovery.
I actually disagree with you.
Yes he has warrants etc but shouldnt he be rewarded for the risks hes taking & building up a successful business?
Yes he probably has a much lower average than most here but thats because he backed himself from the start. We all had the chance to buy back in 2019.
I dont see it as him moaning about the share price. I see it more as an alignment with the share holders. Showing he understands our worries and frustrations (which of course are totally out of his hands). Show me another man in his position that is as open about everything as he is?
Im absolutly loaded up here as I believe that with the projects and management in a few months/years the 23 million market cap will be long gone.
Make your choices and take your risks.
I feel for him. Ive put my money in here. Its a lot of money to me too (not over stretched though).
He cant be blamed for not keeping the share price up! He is totally right in what hes saying about how far the company has come since the year high in January.
He has his money in here and as long as the business is on track and performing to his standards Im happy to be here. Ill be looking to buy more as and when funds become available.
GL all