Member Info for Doc83

I agree meansquirell, but that was a very quick and sharp move down. More to it than just a bit of profit taking. To be clear, I'm not suggesting anything like there's a leak for something bad etc, my guess would be a very large holder exiting. But it was something.

I’d suggest this is more than just profit taking. I’d guess (unlikely) a leak, or a very large seller.

Care to name those you think are leading us along?

Please don't say the likes of Manlord, Cev or even, dare I say, Dusty. All of whom have been here since the single digit SP days!

Methinks you are another troll. It's actually a great sign EEE is attracting them.

I can't believe people are selling out and potentially missing out on blockbuster news with uranium and FDR because we've made a £1m investment into a blockchain venture.

I've just watched the interview. Won't deny, I'm struggling to keep up with it but it's something completely different for POW, more diversification and Sean is a bright guy who I am absolutely confident will have done his homework on this before committing funds.

"This over leaving it in gmet.... incredible!"

Try to give it longer than 6 hours before you judge its success!

Pan, fair play and if you’re happy, that’s what matters.

It’s £1m and small beer. Happy for us to try something a bit different and I’m confident due diligence will have been done.

I’ve never quite understood crypto but I do get the use of blockchain tech, so if POW can use that to their/our advantage, great.

I’m sure the market won’t budge on this as it never does! But in time…

From ChatGPT:

“Got it — let me break this down into plain English and explain what Power Metal has actually bought:

⸻

What they’ve bought

• Power Metal has purchased 35% of a new company called Kingia (soon to be renamed “Minestarters”), for £1 million in cash.

• They can later increase this stake to 49% by investing another £2 million, but only if certain goals (like launching tokens and signing mining partners) are met.

So in simple terms: they’ve bought a big minority ownership in a new blockchain company focused on mining finance.

⸻

What Minestarters is trying to do

• Mining exploration (early-stage projects looking for gold, copper, etc.) is hard to fund. Investors usually don’t get access unless they put up big money or go through complex channels.

• Minestarters wants to use blockchain to “tokenise” these mining projects — basically breaking up investments into small, digital tokens that people can buy and trade, kind of like shares but in blockchain form.

• These tokens will represent a slice of multiple mining projects bundled together (a portfolio).

Think of it like:

🔹 Instead of needing £1 million to invest in a risky early mining project, you could buy a £100 token that gives you fractional exposure.

🔹 If the projects do well (find resources, move toward production), the value of those tokens should rise.

⸻

Why this matters

• Liquidity: Normally, if you invest in a mining exploration project, your money is locked up for years. With tokens, you can buy and sell more easily on exchanges.

• Access: Everyday investors (and even institutions who want efficient exposure) can get into mining projects that were previously hard to reach.

• Growth sector: Tokenisation (turning real-world assets into tradable blockchain tokens) is booming — from $8.6B at the start of 2025 to $25B by mid-2025. Banks like BlackRock and Standard Chartered are betting huge on this trend.

⸻

So, in one sentence:

Power Metal has bought into a new blockchain platform that will let people invest in early-stage mining projects through tradable digital tokens — giving them exposure to mining exploration in a way that’s easier, more accessible, and potentially more profitable than traditional funding routes.”

I’m happy with it. It’s something a bit different, another opportunity and is ultimately petty cash for us.

Now roll on FDR and uranium.

Gsent is a well known troll on LSE who goes around various boards saying exactly the same thing.

Ignore and filter.

Well, I wasn’t expecting this kind of acquisition!

And if anyone can explain in simple terms what exactly this is, please do 😂

Who knows, maybe the uranium drilling is going exceptionally well and they’ve had an invite to deploy some more cash that way 😉

Grampyan, I am keeping it very high level. Manlord reckons we’ll take 10-15% of a ~$30bn titanium market.

It’s really simple. At the conservative end and 10%, that’s $3bn. 20% profit margin and a p/e of 6-8x on NET INCOME. Gives a £4-5.40 SP range.

You don't want a Friday RNS. Fridays are reserved for bad RNS's!

RP, you absolutely could be right. I’d certainly want your figures to be right over mine! Although both are very nice.

For reference, Rio is on about 10x and Kenmare is a bit awkward but they are on a forecast 2026 p/e of 6.5.

George, I reckon, if the MRE confirms what we hope we have, that someone would have to bid £2+ at this stage.

Why? If my calculations are correct at what the SP could be in 2030, if we take the lower of the range at £4. Discount perhaps £1 for what any prospective buyer might have to throw Pitfield to develop it (the govt might not be so willing to help a Rio Tinto of the world), then discount another 50% of that £2 (so £1) for getting your money 5 years in advance and the opportunity cost that presents, I reckon that a £2 per share/£1.3bn offer would be in the ballpark.

All good fun to guess, and that’s exactly what it is, so would like to hear everyone else’s opinions. Of course, fully appreciate there are those that would stay until this is fully developed and could potentially make more.

Hi RP, I’m not doubting those figures, but you use net income when working out a P/E ratio, not EBITDA.

Grampyan, you can’t use ebitda for that. Net income as percentage of revenue for Rio is 21%. For Kenmare it’s 15.7%.

I think 20% is fair.

Regardless, does the general calculation seem right?