Member Info for Parfett123

You would if your Russian or from a country that hasn't changed their stance to Russia due to the invasion, of which there are many!

Look into Evraz's SP history and it clearly shows how it can.

Why is everyone forgetting about the signed contract with Sinosteel that would provide US$149.5mln ten year loan facility that would be more than adequate to finance Monchetundra to production. This would be more profitable for holders in the long term with the ability to the fund Rosgeo production via revenue from Monchetundra .

Yes it will take longer but this is not a 1 trick pony. Putin wont mess with the Chinese, regardless of what western sanctions are implemented.

No JORC, do you think Eurasia have just lost the information lol

Why are we all buggered?

Just trying to bring facts rather than people screaming at each other.

Eurasia not linked to any party listed, so still un-affected.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1057261/Russia.pdf

Well thats lucky then.

Hence why the market cap has increased by £1.5 million and not £150 million.... welcome to micro cap investing.

Yes one can when they are selling blocks of 500,000 to 1,000,000 shares without there being any near sized buyer to offset it. Hence the Red Rock sell off that dragged on the SP for months.

The vast majority of warrants are now at strike prices above this so we should have some head run to move unless Thor Mining are liquidating their share holding post Pilot Mountain agreement.

I wouldn't say 500km+ is near.

Given PJ's purchase history at any available opportunity it reassures me he is dealing with market sensitive information on top of the Pilot Mountain info. Given the sheer size and activity level of POW's portfolio it doesn't surprise me! Question is, which portfolio project will it be for, Tati results, silver peaks asset disposal, further acquisitions? At the very least I am expecting an RNS for the start of drilling @ haneti, given KAT's SP it looks to be on the way!

It comes with a huge amount of Power Metal shares and warrants, cash upfront with the ability to make more on the holding in future rally's. Seems useful for Power to mininise upfront capital outlay and useful for Thor as it opens up the opportunity to make much higher returns if they believe Power can run alot higher.

Shortly is not a deadline!

They have never given a deadline apart from the mine plan that was released when they stated it would be.... Nice try though.

It is entirely possible that should this campaign yield decent results and POW have a great next few months with a couple of asset disposals (silver peaks possibly) they could renegotiate the JV to drive the project forward in full knowledge that KAT would have to do another raise to progress any further.

POW and KAT split the costings as per the ownership via JV. KAT 65% paid for by the £800k raise in November, POW 35% via working capital possibly from £1m raise in November or via warrant money. So we should see at least this drill campaign through to completion prior to another raise from KAT being required.

When Paul goes quiet & there is a pause in the RNS releases, that is when you know something is going on behind the scenes!

Warrants have enabled the business with no cash flow to build their current portfolio and develop structurally into the Power Metals we have today. Why invest and get upset about them when they are currently an integral part of the business until projects are in a position to spin out/dispose of to bolster cash reserves in an alternate way?
Yes it appears worse currently due to the sector wide pullback making it painful for most holders but if Power didn't have access to the cash from the warrants there would be far more frequent and therefore worse and more painful diluting market raises.
Personally I am topping up my ISA wherever possible and stashing these shares away with a multi year time horizon. Look what the board have manage to build in some of the worst market and operating conditions ever seen in many generations. Future Rio Tinto, why not!