The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I don't think any LTHs will be against this. Nice raising done at a premium to see the company progress its assets.
We all knew it was coming. Now its all sorted we can move forward.
GL all.
Good point Parfett. Drilling was completed at the end of August so 6 weeks or so have already passed. They cant be far away
Sorry quiet.
Kat been slowing moving up from it low. Maybe due some Haneti news soon? From 1st Oct RNS:
'Final preparations are underway for this drill programme which is targeted to commence in Q4 2021'
Quite day here today. Not even 1 post so far
Mobilisation this week. Looking forward to this one.
Just confirming the 1.99s are buys. The 250k is mine. Ill keep topping up under 2p. Bargain mes thinks!
GL all
News please keep up the good work. I really enjoy reading your posts.
I feel like there is starting to be a sense of excitement building here now. Really looking forward to the next few months
GL all
I think Ill be in the same boat. However its nice he's listening to investors and giving people the option.
This sums things up for me:
We now move forward to a new phase in Power Metal's development and find ourselves at a notable value inflection point. Our portfolio covers exploration for nine metals and we currently have eleven exploration programmes underway or planned for the balance of 2021, including five drill programmes."
Read between the lines here. Ive put my money on us not being this price for much longer
GL all
Thats another thought although I know PJ likes that as a funding option.
I know this is totally off point but Ive always wondered what would happen if PJ did a placing here? With an open offer so we could be involved. Could it put a potential floor on the share price?
To be honest I feel we are getting close to the upturn in price now. Do you realise that if the price is here in October we could potentially be at a year low!
To be fair Bitcoin I normally just read your posts as a little excitable (nothing wrong with being excited about your investments).
On this occasion though I do think you have a really good point and have spotted something that could have slipped through the net.
Imagine how in demand POW shares would be if we were allowed to be involved in the IPO of the spin off companies. Its a compelling thought and would certainly reward long term holders.
Im not sure how it would work or if it is even possible but a good thought. Reminds me a bit of the open offers on placings were existing holders could buy so many shares at the placing price depending on their holding.
Either way Im heavily invested here because I trust Paul and think POW is building excellent foundations for the future. Obviously a discovery would really help get this moving!
GL all
Agree about the discovery aspect but feel that is just a matter of time. What we are seeing here is Paul lining everything up. I get the impression that once the drilling starts news will be coming in thick and fast.
PJ is the largest share holder. He wants that drill turning as much as anyone.
This building of a solid base + poor market sentiment has created the sub 2.0p buy in chance. I honestly never thought we would see it again.
GL all
https://www.lse.co.uk/rns/LND/16335-million-fundraising-25xo4sadt9naw0u.html
£3.5 million raised in Feb @ 30p
I'm just glad it hasn't shat itself today like all my other shares today!
Looks strong on a bad day which is always a good sign.
GL all
roger65 - What a load of rubbish. It looks like you know absolutely nothing about this company!
We have our resident clown here already so maybe you should look into other shares to spout rubbish about.
There will not be huge dilution. PJ & his funding plan are one of the reasons I'm happy to be here and continue building up my holding (Maybe look into it?!).
I've seen many other companies with twice / three times our market cap (You may want to look up what a market cap is) that have 1 project with no upcoming drilling. This share is a slow burner but it isn't built on hype like many others are.
And this is what i love about PJ and POW. When there is a tough period they dig in deep. Its really reasuring to know that we are all in together and not just funding a lifestyle.
A mid cap company in the making. Buy as and when you can and trust that everything that can be done behind the scenes is being done.
GL all.
I grabbed another 400k too. I didnt think we would see this price again.
25 million market cap is very cheap when you compare it to others in the market. People sat on the sideline will be kicking themselves when this starts trending back up and the value starts to be realised.
GL all
Yep my 500k & 250k buys today both went through as sells. Just they way its showing on LSE.
Im not sure what people could sell at but if you could buy at 0.9 id imagine the sell would be late 0.8s so not many sells today? Who knows