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On a US Financial interview on Utube yesterday involving Don Durrett and John Feneck who are regular commentators on natural resources stocks, we’re giving their favourite gold stocks. The video is titled” These Gold miners are printing cash and they’re still dirt cheap”. Don started with 8 Australian stocks which he just named but when he said Greatland he added “I have a crush on Greatland”. He is a well respected commentator and investor in gold and silver stocks who is well regarded by people like Eric Sprott. We know Rick Rule likes GGP and is a shareholder. It gets a lot of favourable commentary in the US and it should be returning to previous highs and above in the coming weeks imho.

Bitcoin was down 3.3% last week and MSTR was down 10.96% so it was not a good week to buy bitcoin. Let’s see how well they time their next purchase or perhaps they bought at the close on Friday and will announce on Monday. Cathy Woods ARC funds made some large purchases on Friday.

Crusty Pete’s 80000 buy at full ask 10.5p looks to have set SCLP up for another positive day. All buys so far at full ask or close and the UT was at 11.2p. If this continues another move higher looks likely and will we see another late reported large trade as the day progresses.

Another way to get an idea how Vortex works is to take note of what Meinhard said in his recent interview.

Meinhard specifically gave Wise as the business model they were seeking to follow so that gives a good sense of how the business will work. Wise is a very successful company in the low cost international money transfer space with a market cap of £10 Billion + as it prepares to move its main listing to the US. If you look at the Wise website it gives a clear explanation of how the international payments are made on your phone. It’s a massive market that’s growing quickly. As Meinhard said a few years ago Satoshipay could achieve unicorn status with less than q% of the market and the market is much bigger now compared to when he made that statement.

“Vortex

@Vortex_Fi

🚀 Growth switch flipped.

Our new Vortex API lets Brazilian partners automate their PIX ramps—USDT ⇄ BRL. You asked, we delivered. Plug in, pump volume.🔌

Docs 👉 https://api-docs.vortexfinance.co”

It looks very positive that the growth switch has been switched!

Will we see another large trade after the close today? Now that would be interesting but we will probably have to wait until tomorrow to find out.

Sol is banging on about how marvellous Paul Johnson was and what great assets he brought into the business, then starts blaming Sean for the disaster that is RRR. Paul Johnson brought RRR into the frame. How anyone can think it is a good idea to have anything to do with Fatty Bell and his lifestyle company is beyond me. The only person that has ever taken money out of RRR is Bell. Just add up the millions of pounds that have been raised by RRR over more than 20 years and look at what it’s worth now. Rick Rule knows all about lifestyle companies and if he had been involved then it would not have happened.

Sol keeps saying why didn’t Rick Rule buy on the market rather than take new shares. Has he any idea how this works. When RR took new shares POW received cash, whereas if he bought on the market POW gets no cash. The share price might go up but that doesn’t pay the bills. RR also says that it is not unusual to be down 50% on his investment before it comes good and makes the big returns that he looks for.

Back to RRR where Sean is trying to clear up a mess left by his predecessor and it won’t be easy to salvage more than he already has.

Finally on the very frustrating massive discount to NAV that is keeping the sp so low, this is not a problem that is unique to POW. As a company that invests in several other companies it is akin to an Investment Trust and they virtually all trade at substantial discounts to NAV. There are a lot of very successful fund managers who would like to know how to deal with the discount problem. Some of the small Investment Trusts have just had to admit defeat , wind up the trust by realising all the assets at NAV and returning cash to shareholders or get taken over by another trust that is prepared to pay close to NAV for the assets.

Winalot

Please an you provide details of the telegram group.

“https://open.substack.com/pub/thatstocksguy/p/guardian-metal-resources-e9c?r=jocwe&utm_medium=ios.”

Well worth a read to bring you upto date on all the latest news and make some suggestions about what is coming next in this fast moving story that should be about to gain serious traction with US Investors.

Following last weeks Grant and Fund raise, GMET have more important news to start this week. They said they would pick the pace up even more with the new funding and they are true to their word:

“Tempiute Update - Historical Schofield Mine Acquired

New Ground, Including Schofield Mine, Acquired, Extending Mineralised Strike Length at Tempiute to ~3km

Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a recent United States Department of Defense ("DoD") award recipient and mineral exploration development company focused on tungsten in Nevada, USA, is pleased to announce the further expansion of the Tempiute tungsten project ("Tempiute" or the "Project"). Tempiute, formerly known as the Emerson Tungsten Mine, is located in south-central Nevada less than 250 miles (402 km) southeast of the Company's Pilot Mountain tungsten project.

As part of its ongoing systematic evaluation of Tempiute-historically one of the top tungsten-producing mines in the United States-Guardian Metal identified multiple zones of exposed tungsten mineralisation adjacent to the Company's existing Tempiute land holding.

Guardian Metal has now completed the acquisition of these mineralised zones via a direct purchase agreement covering 18 Bureau of Land Management ("BLM") unpatented Lode Mining Claims, one BLM Placer Claim, and three BLM Mill Site Claims. Notably, the lode claims cover the historical Schofield open-pit mine. As a result, the Company has significantly strengthened its 100%-owned and optioned property portfolio within this exciting district”

Ticker: SVM AU PF Cash: A$66m Project: Kasiya

Market cap: A$492m Price: A$0.76/sh Country: Malawi

REC. (unc): BUY TARGET (unc): A$1.60/sh RISK RATING (unc): HIGH

Today’s news of DFS geotechnical assessment work shows Sovereign advancing Kasiya through the final

detailed derisking studies ahead of the guided Q4 DFS (we expect October) - geotech and earthworks are

a key area where projects can go over budget so derisking this step - ground conditions, soil profile, etc is

key to delivering an on time and on budget build. The key here is the DFS starts the timer on Rio Tinto’s

180-day option to be the Kasiya project operator, which we think in essence provides the timeline on a

potential M&A deal (after this, Rio’s investor rights lapse). Rio is a major player in the Ti market and Kasiya

remains a unique project with 222ktpa of rutile production (high grade, lower impurities, less energy

intensive than synthetic rutile). We think Kasiya is an asset worthy of the majors: long-life US$200-300m

FCF/year (25 years per the PFS, 75 years based on the MRE). We maintain our BUY rating and our

A$1.60/sh price target based 0.7x SCPe NAV10% at LT US$1,400/t rutile and US$1,200/t graphite

concentrate prices. We think this is a best-in-class project, has the requisite cash flows (25-years PFS mine

life, >100-year MRE mine life, SCPe US$200-300m/year FCF), geopolitical and critical minerals angles to

get development bank and government support, and ultimately, we think this belongs to a major. If

standalone, the project has the margins and payback profile to be fundable and Sovereign is now well

funded to advance the project with a strong owner’s team to execute. Next catalysts include the DFS

(expected October 2025) which triggers Rio Tinto’s 180-day option to exercise its operatorship rights or

lose its investor protections.

Both Pilot Mountain and Tempuite have been mined before. Tempuite has a lot of infrastructure already in place so it is a case of reopening rather than building from scratch what was the largest tungsten mine in the USA when it was operational. It must be highly likely that the material at surface at Tempuite could be trucked to a mill in months rather than years to at least get some US production going and an income stream. We were told that much of the finance raised will be to fast track Tempuite while the Grant is used at Pilot Mountain because that’s what the DoD says it’s to be used for. Although Oliver couldn’t comment about a Grant for Tempuite I would be very surprised if they hadn’t applied for one as they have been dealing with the DoD for sometime on Pilot Mountain and so they are already talking to the right people.

There is going to be a lot of news flow as the new funds are put to work to accelerate both projects towards production. The DoD grant should really put the Company on the radar of US investors and Oliver and JT have wasted no time in undertaking a major publicity blitz in the US. Absolutely the right thing to do as it is an influx of US investors coming in that will propel the share price to the next level. Just last week we had an analyst target of $3 in the next 12 months based on Pilot mountain only. Clearly that will need to be revised to put a valuation on Tempuite and to take account of this weeks new funds to accelerate the projects. The largest shareholder increasing their shareholding to just under the compulsory offer level paying 60p per share, is a strong indication that they are on board with the analyst valuation.

If Rio were to pull out of titanium that would prove very interesting for SVML as Rio would presumably not exercise their option to build the mine and the expected buy out by Rio would not occur. This would then allow SVML to build the mine themselves or get bought out by another major miner and with Rio out of the picture it should be possible to have a bidding war of major miners who would love to have this world glass tier 1 asset. China has such dominance in the titanium market that I feel sure Trump will want to ensure there is a large supply outside China. This is definitely positive news for SVML potentially giving it attractive options to secure a higher take out price.

I do not agree that some of the GMET share cash should be used for a share buy back as there is no guarantee it will have any impact on the share price. Buying back shares will increase the NAV of the remaining shares but as we know only to well the market refuses to recognise the NAV and POW trades at a massive discount to its NAV. Please provide examples of were share buybacks have been successful. What I want to happen is give the money back to shareholders by way of a special dividend which will give me a tangible benefit from the GMET profits. They should further state that it would be their intention to issue further special dividends on future large disposals of company assets at a substantial profit. I think the shares would have a higher value if shareholders knew that from time to time cash would be returned to them at NAV.

Interesting interview and there we had the statement at the end that Blue Star saw its future as a listed company as having another company reverse into it and they hoped that company would be Satoshipay. Also Satoshipay has been operating a bitcoin treasury since 2014 so has a lot of experience in this area.

Meinhard specifically gave Wise as the business model they were seeking to follow so that gives a good sense of how the business will work. Wise is a very successful company in the low cost international money transfer space so this is very exciting.

Sol001

You say you and others want to sell all or part of the GMET holding but aren’t saying what is going to be done with the cash realised. POW have £5 million cash from the last sale which they haven’t invested in several months. Suppose they do make new investments why do you think the market is going to value them differently to the existing ones. GMET is a listed investment and we can see what it’s worth every day but the market won’t recognise that value as POW trades at a massive discount to NAV. Alternatively you could say that as the value of the GMET investment is today valued at £14.9 million against POW’s Market Cap following today’s rise of £15.9 million, is the only value the market is recognising. The rest of the assets are effectively given no value.

So if you didn’t have GMET the share price would be even lower. Clearly as there was no news from POW today the 9% rise at POW was due to the rise at GMET.

You mention that I am a shareholder in GMET but I am also a shareholder in POW holding more shares in POW than GMET. I have added extra POW shares in the past when GMET was rising rapidly as I felt it was a way to get GMET on the cheap. The sale of the GMET shares demonstrated that the GMET value can be realised at full value but I won’t actually see it unless POW return it to shareholders as a special dividend because the market won’t recognise the value of cash! I am very keen to see a rise in POW’s share price as it has performed very poorly compared to my GMET investment which have all been in the same timeframe of the last 2 years. GMET is POW’s crown jewel which it would be very irresponsible to dispose of in my opinion.

The DoD Grant is essentially for the PFS:

“ Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal, has been awarded US$6.2M from the U.S. Department of Defense under Title III of the Defense Production Act of 1950 ("DPA Title III" or the "Award") to support the rapid advancement and pre-feasibility study for the Pilot Mountain tungsten Project.

§ With this funding now secured, the Company plans on immediately advancing the pre-feasibility study for its Pilot Mountain tungsten project, on the way to its ultimate goal of playing a significant role in the U.S. onshoring efforts of critical metals to support U.S. national security and economic objectives.”

There would be further grants available post PFS to help get the project into production asap.

So I would imagine this is the size of Grant GMET we’re expecting at this stage of the project. It would seem highly likely they have applied for a Grant for Tempuite but that will be behind Pilot Mountain. Although with Trump’s fast tracking it may not be too far behind.

I note Sol001 that you are not making any better suggestions for the use of POW’s cash. Perhaps you could also address the fact that UCAM who have injected £10 million into the Uranium JV have just invested more than that to increase their stake in GMET to nearly 30%, but you seem to think that’s not a good idea for POW. Buying 20% of GMET from POW has worked out very well for them and they are choosing to invest more 50% higher. I think they have a similar view to the analyst. Also note UCAM will sit just below the level where they would have to make a full bid. It is highly likely that when GMET issue their PFS they will receive takeover offers which would of course remove the need for them to finance the mine build. Just walk away with a large pile of cash. Various options, all good and a much higher GMET share price going forward.

I agree that analysts projections are not to be relied on but they are making a good case for the direction of travel. A 100% return in the next 12 months would not be a bad outcome. Important to remember that the valuation was only for Pilot Mountain( convenient as the US Government grant is for Pilot Mountain!) and includes no value for Tempuite. Tempuite will now be fast tracked with some of the funds raised to day and a valuation will be placed upon it. The valuation will have to be revised up in due course.

I really don’t understand why people are suggesting selling more of our most valuable asset when analysts are predicting a 300% increase in the share price in the next 12 months. POW haven’t found anything to do with the £ 5 million+ cash that’s been sitting in their bank account since they sold half their GMET shares. That £5 million which has earned nothing would be worth £7.5 million if it had been left in GMET and potentially £22.5 million if GMET 3 bags in the next 12 months. Please tell me what investment POW can make which will give a better return than GMET in the next 12 months. In the next few months GMET will be on NASDAQ at a higher price which would allow any future profit taking to be easily achieved without a negative effect on GMET’s share price.

POW has taken a substantial profit on its investment in GMET which is now essentially a free investment so Run your Winners please.