Member Info for PowerfulPete

Ok well explained Tray , so you are saying a 50mil purchase at 70% = 35mil profit even though they’ve stuck in 10mil on that I stand corrected.

Yes, I realise that but, I’m not saying we have to pay back 10mil . Surely ACAM would want a profit exceeding the amount they’ve have put in. In business it’s about margins. Or is my assumption wrong.

Nearly a 25k purchase, we need loads more of them.

Which assumption, I’ve made a couple

ACAM have invested 10mil for the exploration, finding and drilling, lot of work to do before the uranium is out of the ground. Then of course it has to be sold. Surely ACAM will want as pow will a profit, with 10mil to pay back. I think Mr market will only be interested when all this falls into place.

I think at the moment, if you’ve bought some shares it’s a hold-or a watch.

So pow get only 30% while ACAM get 70% for what.

ACAM as I read have paid for pow’s licences with 10mil in a separate account for the work.

Anyway we will see how it all turns out

Yes 10mil is a lot of wedge, pow only hold the licences though, ACAM will do the exploration and the drilling, then there’s all the other donkey work. Hopefully a large quantity of a commercial will be found. Until I put any more money into this company for me it’s a watch. And judging by the volume of buys the market feels the same.

Good luck

Good post TechoInvest. Taking a position is a good idea means you’re ready for the lift off that will eventually happen. Pity the market doesn’t think that way. Pow have some great deals going on but, nothing is certain. This company is no doubt on people watch list, when news comes in that’s when this stock will be bought.

Of course just my opinion.

Good post TechnoInvest. Trouble is with pow is that in the past, they’ve had to many false dawns, a lot of the exploration work has come to nothing. So now amongst others, they have share value in Gmet, licences in Canada and a JV with ACAM, with 10mil for the work and, the Saudi deal. The way I see this going is pi’s won’t have confidence to buy in until something happens with the ACAM JV or one of the other ventures

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Tray, the salesman of pow., think you’ve got this the wrong way round.

Lots of AIM punters focus solely on the SP when it comes to the emotions of investing .... if you buy when the price is flying and sell when the price is dropping, how do you make any money in this game.

You buy when everyone is selling and, sell when everyone is buying, that would be profit something we haven’t yet got from pow. As I’ve said before nothing is going to happen until there’s a decent RNS

Says it all Kelseal, nothing dodgy going on, it’s all legal. Don’t why pi’s are getting so uptight the SP hasn’t tanked. It’s just a waiting game now

Tower resources oil and gas might be a good thing.

If it wasn’t there’d be a big sell off right now.

Just have wait to see what the next RNS brings.

Yes, seems like Sean/pow won’t release an RNS until they have something to report. Until then it’s a waiting game. As you say neredowell plenty of irons in the fire, just one needs to be hot and then the market will respond.

According to you Scarlet

Could be 52 Weeks . Thats weeks as well.

Just one week without your deranping would be good.

You are wrong Scarlet there’s too much riding on this company to fail. And if that was the case pi’s would be dumping now. The SP won’t move much until the next good RNS. Until then peeps will sit on the fence

Just a wind up merchant then, hoping for reaction.

Don’t think Scarlet at this stage of the game they’ll be a dump, to near good news. So you’re selling your then?

You’re right neredowel until a discovery happens there will be no volume buying. Until then the sp will remain as it is. It’s a waiting game.

For the moment until there’s an RNS with news, things will stay as they are. It’s a case of sit on the fence and wait.

The trouble is sol001, pi’s at the moment just aren’t interested. They want results from the JV’s, nothing is certain that the exploration and drilling will turn up with good results. So at the moment peeps are keeping their powder dry.