The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Sp down over 10%, a day best forgotten.
Hopefully no more warrants rns's while the markets are like this.
Unfortunately, this could drop further over the coming few days. Any news will have to be very good to bring this back up to 3.5p range.
The fundamentals are all there, this share will reward investors, patience is key.
Haneti has long been my favourite project in the POW portfolio, I think it will give us our first major discovery, but it won't be the only project to do so !
The drill program drilled to a depth of 40m approx. per hole, any decent assay results from such a shallow depth will point to much greater rewards deeper down...can't wait for these results, Mihanza Hill will deliver !
Stanaccy, these projects dont need to generate profit, at least for us, they just need to be discoveries and the share price will climb accordingly.
Paul is now an experienced ceo, he is a chartered accountant and so he knows a thing or two about value for money, but he is also knowledgeable in exploration, mining, jv deals, listing companies etc. etc.
He carefully picks these projects to give us the best chance of a major success at manageable costs.
If we discover just one major nickel sulphide deposit this sp will take off, if it is of district scale potential then god only knows where this sp could go.
Whe have many irons in the fire, the more you practice the luckier you get !
Personally, I would expect some of these projects to be low risk discoveries, silver peak has high grade silver and once we start drilling again, who knows how much we will find. It would be very unlikely that we do not have mineable gold deposits across our Australian goldfields licence areas. I think we will also strike at Haneti. Etc.
If we do make discoveries we can push ahead with further exploration, jv or sell.
Plus, there seems to be an abundence of further projects on offer to POW so if any thing in our current portfolio is listed as a seperate vehicle, or fails to produce a discovery, there will be many more new projects to replace them.
For a relatively small amount ,£70k, we are getting 100% of a "very interesting piece of ground". POW can easily afford this. PJ is very experienced and frugal when it comes to spending on projects and exploration. As he says, use local knowledge and personnel, spend a modest amount on exploration and surveys, then a small targeted drill program, hit decent mineralisation on just 1 drill hole and blast off.
We now have 10 projects plus 1 under due diligence. This number could easily reduce to 5 or 6 over the coming year, so no need to panic about finances. We have to trust our ceo, he is doing a great job. Who would want to be out of this share ?
POW will be a success, the odds are stacked in our favour. If any one project disappoints, there are 5 or 6 others to soften the blow. Expect even more projects to be added as some of our current ones are listed.
Haneti is going to give this share it's first major boost, Molopo will be a huge bonus if successful.
To be nonest, I am not expecting too much from the Molopo drill program. The initial plan was for 4 holes in the northern area designated "Chipo".
Obviously, the results from the first hole caused the location for the second hole, 1-6, to be moved to a more central location in the licence, presumably further in to the feeder zone.
The fact that the location for the second drill was moved tells me that hole 1-14 was not the discovery we were hoping for, at least not yet.
The fact that drill hole 2 location was moved is a very positive move in that it gives us an increased chance of success.
Plus, the results from 1-6 appear to be much more promising than 1-14.
Some of the assay results must be available by now.
As Molopo is our first major drill program, it would have a huge impact on the sp if we get off to a good start.
My fingers are crossed for Molopo, but I can't wait for Haneti results.
Aquaesulis, great work with the warrants count, thanks for posting.
Soon to be 10 projects, with varying levels of exploration activity going on at every one of them ! That is a crazy amount of activity for such a small company.
I like the fact that POW are investing primarily in politically secure countries.
PJ is pushing hard, he is going to make POW a huge success, he has done brilliantly so far.
One other benefit of being an investor in POW is that our geographical knowledge of the globe will be second to none !!...handy for the local pub quiz, that's whenever the pubs open back up !
I find it very annoying listening to Alan Green, very nice guy who has done his research, just to many stops and starts, err's and umm's.I can definitely see more projects being added to the POW portfolio this year listening to PJ, he certainly seems to have many to choose from. With £2.7m in working capital, POW can now offer projects a financial lifeline, but only if costs are reasonable and the projects have the potential to be company transformational.Australian Goldfields project will almost definitely be listed, in whole or in part. Also, KCB and Ditau could be combined and listed separately. Perhaps Cameroon and DRC projects could also be added to one of the other listings ? All of this would reduce our financial commitments and allow us to invest in new projects.I think POW is definitely a share to stay invested in for the long term. PJ's experience, drive, commitment, openness and "skin in the game" will ultimately propel this share to much greater heights. This share has gone up over 600% since I first bought in, and I really do believe that it will do at least the same again.My least favourite project, Alamo project, my favourite, Haneti....gl all
I could be wrong, but can't POW extend the exercise date of warrants?
In the recent webinar, PJ stated that his preference would be to receive funds from warrants rather than through fund raising. The only problem I have with this now is that these warrants are being exercised at much larger discounts than would a placing.
Yes, I know these warrants are a nice easy source of revenue, they were a bonus for the early investors when the risk was greater....but there was over 600 million of them !!
The 1p warrants are a third and the .75p warrants are less than a quarter of the current sp ! That is a nice easy 300% , would a placing be offered such a discount ? ....I don't think so, if it was none of us would be too happy.
There are still hundreds of millions of warrants to be exercised.
I started investing in POW when the sp was in the .4p - .5p range, there were approximately 550m shares in issue then, we are now approaching 1 billion shares, and if all warrants were exercised we would be in and around the 1.5 billion mark.
I have absolutely no issues with management or the portfolio of projects, POW is one of the most exciting and promising companies around, my only gripe is this constant dilution...sorry, just had to get this off my chest :)
I am still hoping that POW will negotiate an interest in Kavango's KSZ project. Nevertheless, POW holds 4.75m shares in Kavango, 4.75m 1p warrants and 4.75m 2.5p warrants so we do have some exposure to KSZ. Plus, a nice little return on our investment if we exercise those warrants !
AquaeSulis01, agree with what you said previously re Molopo Farms, results from hole 1-6 are looking better than 1-14, the fact that drill rig was left in place to go deeper could be significant.
As PJ says, we do need a little bit of luck along the way. If we get any decent results from Molopo the sp will take off, just in time for Haneti !
The volume of newsflow is going to be huge this year. A junior explorer with 9 projects in their portfolio is unheard of, having exploration activity ongoing at every single one of those nine projects is even more amazing.
I have no doubt that we would not be in this position if PJ was not in charge.
I've put on my larger tin foil hat so here goes my predictions for POW for 2021....
Cameroon: licence areas to be jv'd, POW retain small %...possible outright disposal of licences for a relatively small amount.
DRC : further sampling and geophysics increases prospectivity, very small drill campaign late 21.
Nevada : Alamo project, initial exploration work moving ahead slowly, little news in 2021
Australia: RRAL to be granted most licences, not all at once, new listing on TSXV, RRAL to retain a small number of licences for exploration.
Tanzania : 2 metal discoveries at Haneti, Mihanza Hill, pgm's.
Canada: further drilling at Silver Peak confirms more high grade silver, exploration moves ahead quickly, mining restarts 2022.
Botswana : Kalahari Copper Belt, small drill campaign late 2021 early 2022
Botswana : Ditau, further exploration, slow progress, rare earth potential greatly increased, however no drilling in 2021.
Botswana : Molopo Farms, drilling campaign inconclusive, metal intercepts not proven viable, further drilling required later in 2021.
I think POW will also add another project to the portfolio during 2021. I would like to see POW invest in the KSZ with Kavango Resources.
POW share price to hit 8p - 10p range by April following metal discovery at Haneti.
Would you change any of the above ?...all of the above ? !
I have taken a slightly pessimistic view for some projects, I really do hope I am wrong about these.
Whatever happens, at least we know we are in safe hands with Paul Johnson.
Happy New Year to all, let's hope 2021 is good to us.
today's rns is, in my opinion, the most important and most exciting rns released by Paul Johnson this year.
I can not fault anything Paul does. His hard work, experience, communication, understanding of private investors, plus his own personal investment in the company are unique on AIM and very reassuring for investors.
I think Katoro Gold investors have a lot to thank Power Metals ( Paul Johnson) for. He is the driving force behind the Haneti project, Paul himself has said when it comes to exploration he is impatient, he is not in the business of delays and dilution, he wants maximum returns asap for POW shareholders. If Paul Johnson was not involved with the Haneti project, then I would not be surprised if KAT shareholders were still waiting for drilling to commence this time next year.
One query I do have is what is the cost of this drilling program ? I did not see any costs mentioned in any rns, unlike the MFC drilling program.
AquaeSulis01, you could very well be right, maybe I do see plots everywhere !..I do like like a good mystery.
There was some reason for the delay, covid, funding (for Katoro ?), jv negotiations etc., whatever it was I doubt it was breaking for Christmas on 19th November ! if it was then I'm in the wrong line of work :))
I've said it before, this is the most exciting share on AIM. An almost guaranteed mutibagger.
regarding Haneti, we have not yet received confirmation that drilling has started.
The rns dated November 19th stated that drilling rig, crew etc. were mobilising. Drill rigs and crews cost a lot of money !! I would not be surprised if there are new negotiations with third parties re. a joint venture. There were negotiations earlier this year, but when nothing came of these, POW then purchased an extra 10% of Haneti for £25k. If negotiations were taking place, then it would be one possible explanation as to why drilling has not started yet.
Regarding MFC, I am still of the opinion that we will not make a viable metal discovery there. There is of course still a long way to go with MFC,assay results, further geologic surveys etc. so things could change very quickly, it can only get better.
The one project I am very excited about is Haneti. The one project I am not so excited about is the Alamo project. I can't put my finger on it, it's a gut feeling but I just can't see much coming from the Alamo, I hope I am wrong, time will tell.
POW is still a great company with a great ceo and great prospects and I believe that there are a number of major metal discoveries within its portfolio.
Happy new year to all POW shareholders, 2021 is going to be a great year for us.
It has to be said, the preliminary results from MFC after 2 drill holes, are, in my opinion, not very promising.
There was no mention of nickel sulphide from either hole.
Hole 1-14 appears not to have intersected any conductive body at the predicted depth, however it did intersect pyritic and graphitic mudstones at a shallower depth, so was the modelling out by 10's of metres or did we miss the target altogether?
Hole 1-14 has 167m and hole 1-6 has 520m of ultramafic intercept, if these are prospective for nickel pgm's then why did they not show as conductive zones on geophysics?
Also, this Christmas break for the drillers, it just does not seem right. I wonder, could it be a time out to take stock of results and decide whether to proceed with the drill program at this stage. Two new companies have been hired in the middle of a drilling campaign to reprocess data from previous surveys and run new surveys !!...hmmm...
I really do hope I am wrong about all this, perhaps there will be economic zones within all those ultramafic metres, perhaps we did miss the conductive target in hole 1-14.
The thing is, I am not very confident now of a successful outcome to MFC drilling. I was confident pre drilling though.
On a positive note, we have increased our investment in KKME, so perhaps things are better than I imagine ?
I am now writing MFC off, at least for the moment.
In my opinion, Haneti will be our first major metal discovery.
I could very easily be wrong about MFC, I really do hope I am, remember, I am only going on the limited information available to us.
yeah, Silver Peak could be a right little gem of a project, low risk too.
My personal favourite though is Haneti, Mihanza Hill to be precise, near term drilling, huge targets, rock chip samples at high grades, geologic setting looking prospective, possible district scale etc.
We have an excellent CEO, 9 possible company transformational projects, great newsflow and a very aggressive exploration programme.....this is one exciting share to be invested in !
Coiled spring ? ...if we get a good result from molopo farms, it will fly.
However, the initial results from the first hole were at best inconclusive, I am not as confident as I was with MFC....long way to go yet though.
That would be 12 foot holes, not metres.
At least we will have something to assay and report back on. I have to give credit to PJ and our jv partners at Silver Peak for attempting to conduct a drill program this late in the season. It is only a few weeks since we completed due diligence at Silver Peak and we have already started drilling ! All parties are eager to get on with exploration and hopefully monetise a valuable asset. They must have a good idea of the potential here.
How many companies do we all know where a project in their portfolio just sits there for years and nothing ever seems to happen with it ?
PJ means business, he will get this done. He is the driving force behind the drill program at Haneti. The Haneti project has been on the books of Kibo mining and Katoro gold for years, and they done very little with it. But things are different now, POW have 35% of Haneti and 3% of Katoro shares.
So while Silver Peak hibernates for a few months, our drilling continues in sunny Botswana.
Good luck all.