Member Info for DJP4976

Sol, on one hand you moan about dilution at POW, of which there has been very little with the majority taken by Rick Rule, but then on the next hand you state POW should have kept GMET and FDR under our own name and not IPO’d them.

You do realise these projects take funds, let’s look at FDR, raised £2.3m on IPO, and GMET £2m on IPO.

So if Sean had kept these to ourselves as you are saying you would have liked, that would have been £4.3m of dilution to POW holders themselves, then factor in GMET further raises etc, so you point is very contradictory.

I have no issues with the business model that Sean is undertaking as all costs and further raises are down to those respective companies themselves and means no raise needed for POW investors

Stag - it’s very easy to see you have an agenda here, you lost all credibility posting this recently

‘If its 11p in the morning,

My guess would be

Leak on bad news’

Clearly sold out and wanting a re entry, goodluck, I hope it breaks 15.5p resistance and leaves you chasing it higher

I reckon GMET goes on a run to £1+ before end of this year, ideally POW get there next derisk at 70p-£1 area would be lovely, certainly not below 60p decent raise price.

Their tempiute project could be a candidate for further funding from the DoD, that sure would catch the market off guard. Olivier Friesen was asked about this in an interview and he kind of stalled and stutter and said he can’t discuss anything of that matter, a massive tell that they are potentially in talks IMO

They haven’t reduced, they hold the exact same amount of shares a before, just their percentage has dropped after GMETs large raise at 60p

Considering we saw 300k of sells within 20 20minutes yesterday and another 150k+ today across LSE and AQUIS, the OFFER is still pretty strong with no real large amounts in one hit 100k is 15.3p and 125k is 16.5p, considering the almost 500k shares or £72.5k sold the MM’s aren’t offering much back out, it’s the first time since I’ve been in and watching the book it’s been this strong, it would have pulled right back off previously.

It really is set up perfectly for some news now, a bit of positive news and I think we see the next leg to 17-18p area. News on a Uranium hit and this will go bonkers from this level as absolutely nothing is priced in at all

Markets closed mate lol

I did take the 75k though

Yep that big sell, uneven number could be the last of the seller that’s been weighing this stock down for months cleared- you’ve previously been able to buy in large size at very small premiums, now anything over 150k they want near 18p

Hi Elric

Thanks for the feedback.

A buyback in my opinion isn’t just to help the share price rise, I’m not even fussed if it doesn’t, it’s more important for them to clear any sellers around the 13-16p level, get as much as they can here so when impactful news lands on one of our own assets or the uranium drill/s, sellers that would be selling into that news will majority be cleared by the buy back and as such would allow the share price to move much more freely when that does come

Thanks for that very detailed summary Wigster. All sounds very promising indeed

I think/hope the management see what a share buy back could do for the share price.

As Tray has previously said, a buyback has been a non starter since last AGM as the share price would have had to be above 30p as per the minimum threshold of 1.5p pre 20/1 consolidation, hence the company haven’t been able to action one, and also haven’t had the funds until recently when they monetised part of the GMET holding.

Now the wording has been updated which would allowing them to immediately start a buy back and they have plenty of funds not only for a buyback but also exploration. Just because it says they can purchase UPTO 17.25m doesn’t mean that they will or have to purchase that amount, what POW does desperately need is these sellers taken out that are willing to sell at a 40-50% discount to true NAV, if the company are there sitting on the BID all of this stock will get locked away in their treasury to be used/monetised at a later date if needed at a much higher share price.

It’s a complete no brainer win win for both company and shareholders. The company get to buy their own stock at a huge discount to NAV, meaning they can resell it at a later date at a higher price if required, and it’ll take out all of the sellers at these levels, which means when/if decent news lands regarding the uranium drilling the news won’t instantly get sold into by these sellers, which will equate to a greater share price move, which let’s face it, that’s what we are all here for.

If the company really want to reward or help the long term shareholders that have been here for years with yet no reward, this is the perfect starting point now they have the cash and soon to have the authority after AGM

Be nice to see them cash in another 1/3rd or half their GMET whilst it’s 100% higher to where they last monetised some, and keep the rest for higher again.

We are guessing and speculating on a buyback anyway it may not even happen. But I guarantee if it does it won’t take anywhere remotely close to £2m to get it into 20’s, but like I said, that’s just my opinion on it, time will tell, and either way it doesn’t matter if they spend less and it gets there great they save £££, if they spend the full £2m great when it’s 40p+ they’ve doubled their money and some that can then be placed back into the market for cash or put into a strategic investors hands for cash at that time, but that all comes down to what they find with the uranium

Agree, my point being they’d very u likely get the maximum before the share price is in the 20’s, I’m not sure how that is so difficult to understand.

They’ll announce the buyback with intention of buying UP TO £2m but the likely hood they even get close to £2m is very unlikely as the share price will be into the 20’s after they’ve purchased £500k worth or so, that’s just my opinion

Sol, I don’t think you fully understand the point of a buyback.

They are never going to smash buys in and chase the share price higher. They’ll have an order in and sit on the BID for months and mop up and stupid sellers as has been seen this morning with some large delayed sells, it’s these sellers the buyback would want to take shares off of.

Secondly it’s to get them as cheap as possible to our NAV.

A buy back announcement would see new investors take a seat as they know sellers will be getting mopped up by POW sitting on the bid which should over the course of a few months walk the shares up to 20p area. That clears anyone that wanted to sell below cash/asset value, and paves the way for good Uranium news, less sellers to sell into such news etc

It’s not about affording it, it’s about the share price running away from them before they can buy that much on market.

It’s highly unlikely they’d be able to buy £2m sub 20p the share price would be long gone by then, hence my saying they’d probably only manage £500k worth before it is north of 20p as it’ll also attract other buyers into POW.

And of course any buyback is worth it at a 50% discount to NAV to get rid of any loose sellers sub 20p

My view on the buyback of it goes ahead is that wouldn’t even get to the stage of completing it as the share price will be in the 20’s pretty quickly, they may only need to utilise £500k or so, but it’s more the announcement of them doing one and a buyer (POWER themselves) sitting on the BID mopping up any sells continuously pushing it higher, if they did end up buying the full £2m worth it’ll be mid to high 20’s by the time they were done, but I think the point of any buyback for a company that is seriously undervalued to their NAV is to try and buy as cheaply as possible so hopefully they buy anything sub 18-20p area.

Let’s hope it gets announced first before we get ahead of ourselves.

Https://x.com/powermetres/status/1938582335500222601?s=46&t=mbYMgD164HSLgexs6FAjgw

Drilling has already started at perch river, see POWs X account page - they didn’t need to update to say it had started via RNS as they had stated mid June it was starting in a matter of days

The thing with Uranium drill is at this share price we are effectively getting a free shot at goal.

Let’s say an oiler was to spud a well and it came back blank, the share price would tank, as effectively they are usually left with little cash and no other asset.

With POW if all 5 Uranium targets miss, we still have out market cap covered by our GMET holding and £6m+ cash to boot, not forgetting the other assets.

It’s as clear an open goal opportunity as you’ll ever get in the market IMO

He can do something about the share price and do a share buyback. It’ll get rid of any sellers that want to sell at a 50% discount to NAV and create interest in POW as it’ll undoubtedly start to move the share price upwards.

Further more what a great investment for POW themselves to buy their own shares at a 50% discount to NAV, when the share price eventually increases to fair value or on a uranium discovery, POW could then resell those shares held in treasury from the share buyback to make profits form their own company’s shares - make so much sense in so many ways with the share price at this level.

The 200k buy didn’t move it a great deal (it did actually move the buy and sell limits from where they were) due to the delayed 237k sale delayed from yesterday. The BID was stacked at one point yesterday with 300k available to sell at 12.66 and was next to nothing available sub 13.5 after a flurry of buyers, but then all of a sudden it weakened off, that sell is why.

Another reason why a buy back would be good here as it’ll clear multiple stale bulls that are currently keeping it pinned down here and in turn kills sentiment amongst shorter term traders wanting to take a trade as all they see is selling into buys.

The good thing with POW, apart from Rick Rule (term oil inc) and pure bond, there aren’t any other major holders over 3% so anyone else that is selling will only have limited amounts, so once they run out, again it should move, a buy back would speed that process up.

Either way, if it does or doesnt happen sooner or later POW needs to play catch up, hopefully GMET keeps doing its thing and steadily increasing and sooner or later POW will have to follow, 2p increase on the GMET BID today is worth £500k to POW