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Interesting table this:
https://twitter.com/andrew_neal7/status/1783438675650412987
I see little evidence so far that POW will see a share price rise through the endeavours and achievements of its spinouts. In fact, the evidence would suggest the opposite. The way AIM operates, you have a minority who are LTH and who will see and invest because of POW's business model. They will appreciate the spin out model and its potential. The rest (i.e. the majority/herd) will only buy these shares en masse based on POW's own projects. I don't see the herd reading a RNS relating to GMET, for example, and deciding to buy POW shares in response. The chart of GMET looks much healthier than that of POW. They are not moving in tandem.
So, with that said, I am leaning to the view that in order for POW shareholders to see a return on their POW shares, we need some exciting news on one of our own projects, and not the spinouts. It's almost as if the spinouts are a sideshow when it comes to POW's own share price and the level of buying demand here. Just some thoughts....
I think OMI is worth keeping an eye on. It has pulled back after announcing a slight delay to their Anza deal, which is now expected by end of May. I think it is primed for a decent move back up next month.
As for ORR, their funder is Landstead and the higher the share price, the more money they have to pay to ORR. Therefore, it's in their interests to keep the share price suppressed, which is what is causing the annoyance over there and is one of the factors that put me off it.
I managed to pick up some more in the 3s and I am well chuffed with that. But as soon as I tried to buy some more, the asking price went back up into the 4s. It wasn't a large amount either, which tells me what I need to know. Just look at the very low volume on which the MM have been moving the price of late - taking the p in the hunt for weaker hands.
I think you have to make a judgement call here on whether you think BG is being honest or dishonest about 1) this Anza deal, 2) its timescale for completion, and 3) going quickly thereafter (i.e. within 4-6 weeks) into Pepas drilling. I believe he is telling the truth on all three, and so for me, this is another gift of an opportunity to build a stake for what I am confident is coming down the line here next month. Others might disagree completely. Others might secretly agree but decide to de-ramp to buy lower. It's all part and parcel of the casino that is AIM. GLA
Don’t fall for the bs. The guy is a trader pure and simple. I’ve long thought that. He even admitted recently that he was posting negatively whilst buying the shares. You can’t get more blatant than this. In any case why would you listen to someone who is posting 7p or even 20p predictions one minute and then 1.8p the next? Doesn’t make any sense. Also posting his negative rants in tandem with doormat?
So the rest of us have a right and good reason to call out the bs aswell.
Anyway I’m not all that fussed by their constant deramping because I have no doubts personally that the deal will get done and so happy to accumulate at these levels in the run up to the RNS landing next month. All imo and GLA
Lack of volume is putting me off so far, even from taking a small punt. Maybe the market is waiting for Rig news. But if price doesn't move much, then won't most folk just wait for results?
Folks - just take it as another opportunity to acquire cheap shares and build your stake here - that's what I did today and will continue to do so at these lower levels. It will better allow you to trade the weeks and months ahead. All the signs here are pointing towards big news landing here next month. I mean they have given up the Tin JV - so what more evidence do we need of the direction of travel.
Watch out for the MM games here as well. They need/want shares. Those late sells were in fact buys. I know that because one of them was mine. As soon as I put it in, the price went up again and I couldn't get the same price on my next chunk. Maybe they don't want us to see the buyers that are accumulating at lower levels, in case we decide to do the same.
Let the chart be your guide - it is looking quite constructive right now (large base forming and potential double bottom into news anyone?). I'm certainly an accumulator at these levels. All imo and GLA
I don't think they will return to KSZ or Ditau - unless they can find a JV partner (which I think is unlikely). The focus will be on Zim and KCB. Early success at KCB will obviously influence what happens next. I'm sure Purebond will continue to back their investment here, especially if the results are promising, as they have been so far in Zim.
Heading towards 1.5p. Yes, really stepped it up with the newsflow, but the results have been really encouraging as well. This is definitely a share that is on its way up, and with a lot more upside yet to come as well, as we have more results coming from Zim, and will be drilling at the KCB next month. Then there is more news to come on the production side. I wonder if the £40 million funding facility might be used to support the production plants?
Back to 4.75p to buy (despite the lunatics re-appearing this morning to spread their bile). Suggests that there aren't that many cheap shares left in the lower 4s now, and buyers are ready waiting to catch any that become available. Bit annoyed with myself at missing the opportunity to take some more in the lower 4s.
Tbh, I don't mind the extra month. Gives more time for the share to consolidate and rise into the news. All imo and GLA
Limited opportunity to buy cheap shares again. This will tick up again as we get closer to news. There was always a chance that news would land in May due to the nature of the transaction. Good to see all the preparation work being done and the termination of the tin JV. All point to resumption of the business focus on Anza.