Member Info for DJP4976

As a new holder here (been chipping away in the 12-12.5p range) I think a share buy back would be very well received and would likely create more valve for shareholders via share price increase for less than a special dividend.

POW clearly has a few sellers that is keing it pinned down, a buy back would clear these sellers and put the shares into POW’s treasury, which if they wanted to at a later date, they could then sell these shares back to the market a a much greater price.

Let’s say for instance a special dividend was announced for £2m that would equate to roughly 1.7p per share held in POW.

But if they started to buy back their own shares on market, I would expect a far greater move in the share price than 1.7p per share on a much smaller amount than £2m, it could be trading at 18-20p on maybe £1m worth of shares bought, as remember others will likely see a buy back in progress and will want to jump in for a trade higher.

So from 13p area to 18-20p that could see 5-7p gains just on a buy back far greater than a 1.7p special dividend and highly likely for less than what a special dividend would cost the company.

Secondly, the shares are clearly under valued, the GMET holding alone is almost covering POW’s current market cap, so a share buy back at this price could bear fruits in future if the share price goes on a major run to say 30-40p on a uranium discovery etc the company can then resell those shares bought back to the market and would have made a nice profit on them keeping them funded going forward.

In my opinion it makes so much sense in many ways considering their cash position, gets rid of any sellers that wants out, allows the company to buy their stock at a huge disconnect to true value and rewards shareholders with a far greater increase in share price to what an special dividend would pay, and for likely less £££ than what a special dividend would cost the company.

Let’s see…

The company don’t need to announce the shares have been issued as it was already disclosed on the placing RNS as per below

Dealings in respect of 1,115,384,616 New Ordinary Shares are expected to commence on or about 17 June 2025 and the issue is subject only to Admission. The dealing date and PDMR dealing forms in respect of 230,769,230 New Ordinary Shares in respect of the Related Party Transaction will be subject to a further announcement in due course.

They have already stated an expected an expected date of the 17th June, go through other companies previous RNS and you’ll see they all do the same, they don’t then RNS to say the placing shares have been issued.

The only time we’ll get further issue news is once the final results have been released we will get news that the directors are issuing themselves their shares they took £300k worth in the placing as they can’t be issued now as are inside until results are released.

Nice scare tactics but with over 1.7b volume since the placing RNS it won’t be trading at this level much longer. Directors don’t take £300k in a placing at a £3m valuation without fireworks about to start, will be trading into the .20’s within a couple of weeks IMO

It actually is on her LinkedIn

United Oil & Gas- Independent non executive director - 4 years 6 months - September 2020 - Present

It was announced in December he was stepping down see below.

United announces that Chairman Graham Martin will be stepping down for personal reasons from the Board post the General Meeting in January 2025. The Board is making significant progress in the process of identifying and securing a suitable candidate to fill this position. The Company extends its gratitude to Graham for his valuable contributions and leadership during his tenure as Chairman.

And he also subscribed for shares in the placing in the same RNS stating he was stepping down. A suitable candidate is being sought, clearly it is allowed so long as a second non exec is appointed in a timely manner.

Old news - this happened back in August 2024 see article below. People can have more than one appointment, consulting role etc. kind of like me and you if I wanted more than one job I could also. We see it all the time on AIM, directors on the board or various roles in multiple companies

https://egyptoil-gas.com/news/vaalco-energy-appoints-iman-hill-as-egypt-country-manager/

AUD$2.8m cost of well equates to £1.4m GBP

EME need to pay two thirds so just over £900k

Raised £1.2m in November and had $600k cash on balance sheet prior to raise. So drill costs totally covered, can’t see them raising again down here, possibly if the share price goes on a march to 0.2p area they may

Market wants to see a discovery, drilling with 2 majors clearly isn’t enough, Mukai the best chance of that IMO and drilling started now

Yes my bad apologise I’ve just seen it after you mentioned, 21st October is the cut off date to accepted the approval, so I would imagine another update on the website shortly

Licence approved as of Monday 21st October - if FQM can get drilling this year, this is going to get spicy considering it’s TYM’s best chance of a discovery IMO

https://www.mmmd.gov.zm/?p=2923

Over my time trading the markets I’ve noticed the biggest of moves generally come from the smallest market cap stocks, with potentially big assets or with neighbouring licences that hold big discoveries etc

TYM fits that bill with 5 licences in Zambia alone, Zambia being one of the worlds hottest postcodes for copper mining/exploration right now. Below a brief summary of their Zambian licences

* Konkola West - JV partner KoBold now drilling the 1st of 2 holes - in the licence next door, literally only 2km away Kobold have found what they believe is the largest copper find in Zambia in a century & will be one of the worlds top 3 copper mines once in production, & they are currently testing to see if it runs next door down dip into TYM licence.

* Mukai - First Quantum Minerals (FQM) have recently partnered with TYM & are looking to drill ASAP once approvals are in place to see if their Trident project from the licence adjacent runs into TYM’s licence. The Mukai Project is also located just to the west of Arc Minerals’ project where Anglo American has partnered.

* Mushima North - TYM have just finished solo drilling the C1 & A1 targets & we await results. Positive results & one could speculate FQM could get involved at Mushima North also considering they themselves provided TYM with historic exploration data through a technical cooperation agreement

* Mupala - this licence lies directly adjacent to the Anglo American/Arc Minerals joint venture licence. Recent soil sampling work confirms a copper-in-soil anomaly approximately 1,800m long by 600m wide with a peak value of 422 ppm copper determined by portable X-ray fluorescence analysis. The anomaly is consistent with historical exploration data & extends to the licence boundary with the Anglo American/Arc Minerals JV.

* Jacks copper - Pitting programme underway at copper-in-soil geochemical anomalies B & C to prioritise drilling targets.

Lastly, if that wasn’t enough, TYM also have some assets in Nevada & a Flurospar project in Sweden.

* Storuman Fluorspar Project (Sweden) The Flurospar project has been on/off for the best part of 10 years. TYM was originally granted a mining permit back in 2016 subject to any appeals, but two appeals were submitted. Since then it’s been back & forth with the Swedish government & Swedish Mining Inspectorate, most recently, back in August 2024 the permit was again denied. TYM will appeal this decision again & if the permit is ever successfully granted, this could warrant a rise of multiples in the TYM’s share price going on prior price action around this permit

Summary -

TYM has a MC of just £3m. They have just raised almost £1m to fund exploration & have 5 prime licences in Zambia which have mega potential considering the projects/companies surrounding them. They have already partnered with 2 mining powerhouses in Kobold & FQM on 2 of the 5 licences. One strike in any of these licences & we will see TYM trading at

Add on top Kobold drilling still at Konkola West where there Mingomba deposit is literally 2km away which is being touted as one of the 3 biggest copper mines worldwide once in production

Then add FQM to be drill test our Mukai licence which is adjacent to their Trident project.

Then add Mupala which has an in soil anomaly that runs right to the boundary of the ARCM/Anglo American JV

So much going on here, feels like a matter of time from £3m MC

The 2m was my buy, so not a sell, the 10m was a delayed buy from Friday, the 8m was a sell from today

I wouldn’t say underwhelmed, I’d say it was known news.

Spud date should hopefully to be announced sometime in Q1 2025 for 3B/4B, hoping for a H1 2025 spud, along with other catalysts like Guyana farm-out/unitisation talks, walvis basin farm-out or Block 1 farm-out now the major news items that could all land this year which are all virtually being given zero value as market capped pretty much covered by the free ride stake in 3B/4B & Cash payments on milestones

1p money actually 4.8% of the totally issued share capital not 20%

Like I said - read the prospectus it’s all here

https://www.dialsquareinvestments.com/ul/637e260fc5ade_Dial_Square_Investments_Plc_-_Prospectus_-_23_November_2022.pdf

And I have to agree EarlofAim - you don’t do these shares any favours with your ramps.

Facts are facts 7.5m shares issued at 1p on incorporation £75k worth or at 3p would be £220k.

The remaining 150.5m all been issued at between 3.5-5p since April 2021

There is absolutely not £750k up 200% at 3p - I suggest you read through the original Dial Square prospectus from November 2022 which clearly states in that document how the company was incorporated and funding levels of 4p.

There was 7.5m shares issued at 1p upon incorporation April 2021

8.75m issued at 4p April 2021

10.3m issued at 5p November 2022

The most recent RTO into Energy Pathways all shares issued as part of the transaction and placing were issued between 3.5p pre IPO and a further £2m raise at 4p.

Total issued share capital 158m shares

150.5m have been issued since incorporation in April 2021 at between 3.5-5p

7.5m original incorporation shares were issued back in April 2021 at 1p.

Bidco 3 ltd is a company controlled by Richard Hughes. At least it shows he is still supportive of the deal and isn’t a spivi loan provider like riverfort etc.

I highly doubt it’ll see 3.5p anytime soon if at all ever again. If it relists at 0.2p, 3.5p will be 17x away - highly unlikely IMO

A lot of Sorted’s assets are likely to have been wiped out in the last year of trading, hence why would they need to liquidate if they had realisable assets.

I’m hoping for 0.2p bare minimum anything more is a bonus. 0.2p re list price will give a MC of roughly £12m or 0.3p would give a MC of £18m after raising an additional £5m.

Ideal scenario would be no raise with retail whatsoever, all warrants converted into shares at 0.2p that’s roughly £4m or so, raise another £1m with Sorted management to align them with Concert party. Even if it was to relist at 0.2p this scenario would mean the shares remain just as illiquid as when they suspended, add a bit of good news which I’m sure they’ve got news items lined up to tell the market considering the RTO process started almost 6 months ago, and we could be looking at a flier.

Looking forward to seeing the terms of the deal in January. Keep telling myself these guys surely wouldn’t do a deal for less than their entry at 0.2p. Suspended with £4m+ cash also, they would look silly if a deal is done for less than 0.2p after taking almost 3 years to find one when they’ve all invested significant sums at that level.