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Thanks for that JustHere. The CEO’s interview was really badly timed if , as seems to follow from what you say, he knew the placing price. I wasn’t spiked all that badly myself, my top price was 34p , but I feel for the people who bought in at 40’s. Hopefully we will be back up there (and beyond) before too long . Probably need some positive news to get us out of the 20’s now.
My issue isn’t that they did a placement , that’s standard fare and indeed a big reason Companies list, it’s that they did so at such a massive discount to the closing price on Friday. I fail to see the logic of the CEO doing what may be described as one of the most bullish interviews I have ever heard and then placing at over 40% below the close price. It is utterly bizarre. If he hadn’t have done that interview the placing price would have probably been the same, and if he had held the interview back until after the placing loads of people wouldn’t have been severely spiked , the price would probably be well North of where we are now and we’d all be sitting round the campfire singing “ for he’s a jolly good fellow”. Instead we are all shook up.
So what now? I have decided to stick it out and see how we go . This could still do very well if the growth in the revenue stream continues but I really do hope the CEO learns something from this debacle.
Many thanks for posting this interview.
It’s 30 minutes long but I throughly recommend listening to it. PJ talks in detail about his business model and it’s more than just a run through of our projects.
I was badly stung twice in the last week by Companies doing placements at deep discounts to market price (TEK and MOS ) and it’s such a confidence builder here to listen in detail how PJ talks about how he manages money in the Company.
This is a share that I feel I could go on a2 week cruise (remember those) and not have to look at the share price the whole time , and that sleeping peacefully at night feeling is invaluable.
He also talks a lot about investor sentiment at the moment. It really is a fascinating listen.
https://audioboom.com/posts/7826178-plant-health-care-mobile-streams-and-clear-leisure
RT where have you seen the press reviews?
I agree this was the most bullish interview I’ve ever heard a CEO give. He just couldn’t contain his excitement!
I’ve been in here for about a year but topped up twice last week. My wife and I have 10M shares between us so 10p a share would do us nicely!
Now let’s see the Company deliver in the weeks and months ahead.
Legalwolf you are right. There are some posters it is futile engaging with. I filter quite a lot of people. The people who do engage with them are well meaning but as the old saying goes “don’t feed the trolls “ .
We are in a lull here at the moment but really we have so much news to come in the near future. I don’t mind lulls as they allow time for stake building.
I think the importance of management can’t be underestimated and I am very impressed with PJ. It’s also great we have so much working capital in the bank. What an incredibly exciting opportunity we have here!
I have topped up this morning just over 50k shares at just over 20.25p . I intend to do the same if that purchase price drops another penny but I don’t think that is likely. It’s important to have a strategy and not be blown about by the winds of emotion. I won’t be selling a share at these prices, I’m a buyer only. I expect 50p plus by the end of the year.
The market has a way of testing the strength of your convictions. I don’t intend mine to be found wanting! What an incredible opportunity.
I had bad news on another of my tech small caps today (TEK) and am doubly delighted at the great news here. There are only so many winners when you are fishing in the small companies pool but this is one which could really start to move forward in a big way from here. Strong hold for me.
I have just done some top ups across multiple accounts at 2p. I must admit I am delighted at the drop to these levels whilst we are awaiting news as it does give the opportunity to top up at very attractive prices. I shall, however, be even more delighted when we start moving back up! The wild price swings on AIM , from over exuberance to deep despair, really need you to have a very clear strategy in place when you buy in .The half -life decay on shares pending news is often so dramatic but it does create huge opportunities if you have the courage of your convictions to swim against the tide.. I am very confident in PJ’s strategy for POW and hopefully not too long to we have some news.
Bitcoinbuyer you may be right, I personally had taken it as a mixture of PJ’s frustration at the price movement and confidence in POW and his business model. I really am excited about the prospects here.
https://twitter.com/pauljohnson9691/status/1367794130794016768?s=21
One of several tweets today. I am sure many of us follow his Twitter feed. PJ really does very actively engage with his investors.
https://twitter.com/powermetres/status/1367413165936508928?s=2
For better or worse I tell my wife every week exactly how her shares are going (and she looks over my shoulder every day for an instant update) and of course she doesn’t like it that we are down 25% here (plus a pretty torrid time on other mining shares of late).
Let’s be honest that attitude is extremely common with loads of investor’s when a share is falling , the comment earlier about selling if it continues to drop is typical and understandable.
However if you want to make money on AIM shares, and this is where almost 100% of my income comes from so I have plenty of skin in the game, then you have to hold your nerve . Why would I take a loss unless I think the price of a share isn’t going to recover within a reasonable time ? It’s entirely different if a share has fundamental problems but with POW we have a very clear strategy to develop multiple assets. We have a CEO who is incredibly motivated and communicates really well with us shareholders. We have lots of news about to drop. I think there is a great prospect of us multi bagging this year.
Imo this is the time to hold and , if funds are available, to top up. That’s how you make money on AIM, at least it’s how I do it.
I am very, very optimistic about POW and it doesn’t matter to me if we go lower short term, except of course for the effect that it’s having only wife’s nerves!
When I look at the reasons why I bought in here absolutely nothing has changed to make me want to sell.
News is the life blood of AIM shares, when news is absent the price usually reverses. It doesn’t matter that news could come anytime and is anticipated , some people will not wait , which is their prerogative. I find myself 25% down at present but not discouraged. I see this as an opportunity to accumulate and did a modest top up this morning , alas before the price drop. I see this at least a medium term hold for me and expect to make a lot of money here.
I think this is very much a case of buying into PJ’s vision here , developing multiple assets either ourselves or spinning off. I think as long as PJ’s here so will I be. I believe we have some very exciting times ahead for us this year.
Opp_Hunting I see you are very new to LSE (but not to investing) . I read through all your posts today and you have already made a great contribution here , so many thanks for that , and I hope you will keep posting regularly.
There are a lot of nay-sayers appearing here, which happens a lot on LSE when a share has a retrace ( when it’s going up loads of rampers appear to tell us it’s flying to the moon, so go figure.) I always try to be polite and understanding so I’m not going to judge the glass-half-empty folk , people are worried about their money and an awful lot of people really struggle to cope with a share going down (I’m married to one!) but imo this is an absolute stand out opportunity for potential multi-bagging. It is very much following PJ’s vision that has me heavily invested here with nearly 4M shares. I am currently 14% down and not in the slightest discouraged. In fact I will be buying more as funds become available. Yes this is high risk but that risk is managed by the spread of projects POW are developing. This kind of small-cap Company isn’t for everyone but for those of us who are looking for something potentially life changing I think we are absolutely in the right place. Lots and lots to look forward to in the months ahead.
https://www.youtube.com/watch?v=hLJd6r7PSpE
I am sure many of you have seen this , new to me, shows how far the Company has come in under 2 years and PJ’s strategic thinking. I am ignoring the short-term pull back on price and looking forward to incredible prospects here. I will be adding as funds become available.
I have placed a limit order to top up at 20.5p. I am not expecting that to be reached today but it’s clearly a possibility. And I will be topping up if we ever see 19.5p again etc. I can’t see this as anything but an incredible opportunity. I will not say the price is crazy as if you are in the markets any length of time you realise prices often are at what you’d regard as far too high or, in this case as far too low.
The gold and copper in the ground will be exactly the same whether the share price is a penny or a pound. It’s there and we know it’s there in very significant amounts. The time to make money in GGP is now at these very low prices because I believe we will see a tremendous rebound here on some positive news. This is the time to relax and be confident in our research. I do think we are near the bottom , the capitulation point for weak holders, but wouldn’t be surprised if we dip below 20p at some point. I am focusing on stake building and working out how much I will make a penny when we turn the corner. I know how it’s easy to let anxiety eat away at you , my wife is far less sanguine about the price drop than I am , but IMO anything I’m buying around this price is likely to at least double over a 12 month period. Whatever forces are driving this price down I am taking full advantage.
Thanks WGeek I really see this as a long term hold as long as PJ stays at the helm which will hopefully be many years. He comes across as a very switched on guy and the more I read and listen about POW the more he impresses me. I love the way he is focused on creating shareholder value. You would think all CEO’s should have that top priority but alas we know it is often the exception rather than the rule. He is hoovering up projects and deciding whether they are long term holds for POW or can be successfully spun off. I hope you don’t think me outrageous for saying I can see POW being a 1 billion plus company in the medium term but I think that is a genuine possibility.