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In todays update it states...
"Application made for a new exploration license covering 227 sq km (EL 45/5859) in Western Australia, which will be subject to a ballot between RRAL and Rumble Resources Ltd (ASX:RTR)."
I would presume this new licence is in the same region as the two licences which are currently under a 60 day option agreement, the Wallal Project and the Ripon Hills Project.
Paul is definitely targeting projects in some of the hottest and most prospective regions, Victoria, Pilbara region Western Australia, Canada and Botswana.
I agree that what we need right now are good results from a drill program if this sp is to climb back above 3p. Results are imminent, if not overdue, but we can not fault PJ for any perceived delays. He has very little if any control over the timing of these.
Warrant dilution is having an impact on the share price. The upside is more funds for acquisitions / operations and hopefully the majority of warrant holders are in for the long term. There will be further warrant dilution, hopefully after a discovery.
I do not agree that we should stop acquiring projects. This is probably the best time to acquire before a commodity boom. PJ has stated that they are constantly being offered projects to invest in. Some of these projects will be lost causes, too expensive, politically unstable etc. , and some will be gems. The thing is they won't be there forever. We currently have 11 or 12 projects, that number could drop to between 3 to 5 this year. This will take a huge amount of expenditure off of POW's balance sheet as these projects become self financing, freeing up cash for further acquisitions...and so on it goes, that is how we will become a mid tier company.
I thought todays update was excellent from Paul, this is what he promised to do regularly. There is exploration ongoing at every one of our projects, no project is taken on and left to gather dust, unlike many other AIM companies. Trust and patience.
Agree with that Aquaesulis01, those results should be with us soon.....it's the first of March tomorrow !
Even allowing for all the covid delays etc. , results are overdue imo.
Haneti results should be due also.
Every Monday brings the hope of PJ releasing that life transforming rns.
Excellent annual report.
I am expecting a pull back in the share price in the short term.
Until we get assay results from Molopo or Haneti, not much is going to happen here.
Good assay results and the prospect of a metal discovery are what's needed here to give the sp a shot in the arm.
I would have expected some assay results by now.
where is the upward trend ?.....hmmmm
I started buying in at .47p / .5p. , and it is now at 2.8p with a high of 3.45p....
Ayatollah, don't ever become a financial advisor.
Do you hold any shares in POW ?...yes or no ?
Just ignore him, or filter.
Clearly not very good at investing. Holds a grudge.
Who in their right mind would take financial advice from a loser ?
We all loose some and we all win some, it's called investing, it's called life.
Move on, life is too short.
Ayatollah, do yourself a favour, get some professional help.
Just ignore him, or filter.
Clearly not very good at investing. Holds a grudge.
Who in their right mind would take financial advice from a loser ?
We all loose some and we all win some, it's called investing, it's called life.
Move on, life is too short.
Ayatollah, do yourself a favour, get some professional help.
Agreed Dibs61, hard to find a more exciting share on AIM.
PJ is aggressive in his approach to acquisition and exploration, the inevitable discoveries will follow.
There will be a constant flow of new projects added to the portfolio while others are jv'd or listed, all the time adding to our balance sheet and hopefully propelling the sp ever higher.
Another great interview from Paul.
With every new project acquisition and subsequent update from Paul, I am becoming more excited with the prospect that this company will become life changing for investors.
Given the business model and the aggressive approach of our ceo to growing the business as quickly as possible, it should be apparent to investors that we have a much greater chance of success than failure. The odds are with us.
It is about belief in the management as much as the projects, perhaps even more so.
I was hoping for some results from Haneti or Molopo today, perhaps next week.
To say I am really looking forward to Haneti drill results would be an understatement.
Hopefully results this week.
The second phase of drilling will probably start soon afterwards.
It is this second stage of drilling that will confirm we have made our first metal deposit discovery.
Aquaesulis01, I checked to a presentation from last November and this was under the Haneti project information ...."Newly identified potential for lithium pegmatite and associated elements of niobiumand tantalum"Looks like it was not new info, but still good nonetheless.
Could we possibly get assay results from Haneti next week?
From rns 26th January.....
· 776 three metre composite samples prepared from the RAB drill programme with a Quality Assurance/Quality Control sample inserted every 10 samples.
· All RAB samples have now been sent to SGS Tanzania ("SGS"), an accredited assay laboratory, all samples will be analysed by their multi-element Aqua Regia Digestion/ICP-OES* method with 13 select samples to also be tested using Fire Assay for gold, platinum and palladium.
· In addition, 4 rock samples collected from mapping have been sent to SGS for assay.
That is a lot of samples, will Paul rns results as he gets them or report all the results in one rns ?
With so much happening with this fast growing company, a major rns could land about any project at any time, I will be holding onto my shares firmly.
I am very impressed by the ability of Paul Johnson and the management team at POW to acquire new projects. POW must have many connections, contacts, network of people etc. around the world who help with the identification and acquisition of these projects.
PJ has said that they always treat the vendors fairly, they work alongside the vendors and use local teams who have knowledge of the projects. This model allows POW to begin work on these projects quickly with minimal outlay. This approach will only enhance POW's reputation and will reap even more rewards in the future.
As soon as a project is acquired there is no delay, an exploration plan has already been agreed and usually begins immediately or very soon afterwards. No messing about here !
I like it when PJ says that we moved quickly to secure a project or to secure an option. The recent Canadian acquisitions and the option on the paterson licence in Australia have a cheeky feel about them, securing ground in proven mining districts right next door to the majors.
10 projects plus 1 under due diligence is incredible, with ongoing activity at each one, PJ and POW ain't messing about. We can only guess at what PJ has in store for POW after some of our projects and investments pay off.
We are punching way above our weight. I too am in here for the long term, with a company like POW, investing longterm will be the smart strategy.
Hi Tinks, thanks for your post. You mentioned that your advisor holds shares " on the premise that at least 3 of the 10 projects (Canada 2) namely Copper, Gold and Silver will come home to roost. "
Can I ask are these 3 projects the Kalahari Copper Belt project, Victoria Goldfields and Silver Peak ?
We have gold potential at numerous projects. If POW exercise the paterson option in Australia, we will have gold and base metal potential there. At Haneti, we have the potential for almost everything, base metal, gold, copper, lithium ree's etc. The Hemlo and Schreiber licences are prospective for gold, zinc etc.
I am just a bit curious as to which specific projects your advisor rates as the lowest risk.
For what it's worth, my thoughts on the projects are as follows....
Silver Peak : low risk, going to be a nice earner.
Victoria Goldfields : with so many licences (when granted) spread across one of the hottest and most prospective areas, it would seem very unlikely that we would not have at least one, possibly more, mineable gold deposits.
Haneti : huge area, has occurrences of many metals, expecting a discovery here.
I think those 3 projects will produce results in the near future.
The others......
Molopo I am not too sure about, Ditau and Kisinka in the DRC could turn out to be very valuable but higher risk at the moment. Paterson and the new Canadian licences are right next to the "big boys", prospective ground but still higher risk at the moment. Alamo and cobalt blue projects are highest risk of all and I doubt they will deliver, ever.
3 out of 10 would be transformational, in fact one could be transformational, however, I am quietly confident that we will have a lot more than 3...5 or 6 perhaps, maybe more given time.
With Paul constantly being offered new projects, there will be many more carefully selected gems added in the future.