RE: Molopo Farms drilling update out7 Feb 2023 14:57
I did say a while ago that there was a real danger after all PJ's talk about the potential for a 'transformational' impact on the value of POW once these results arrive that if they aren't as good as he was trying to make everyone hope for then the damage could be quite significant, not only to the sp but also to the general feeling of trust towards management.
That said, the results are not out yet and I'm not quite sure how anyone arrives at the assumption the results are bad because, well, just because we haven't been told the results yet! When they are done they will be announced. We have no idea what they will look like. A third party might have been hovering and the instant any sign of good results was known eg by XRF, they might have requested POW to keep further results unpublished until full access to all data in the data rooms could be analysed and verified. We simply don't know.
This is 100% up in the air. Either PJ is going to be laughing all the way to the bank with the current body of share holders (self included) and the sp absolutely flies or ...he's going to be announcing further raises after naff results to an ever diminishing share holder base. Sentiment will collapse and he'll have to rely on more IPOs and shuffling around of licenses/holdings in other projects etc to try and hold on to supporters who badly deserve some reward here. The paper shuffling is pretty much the extent of the business model thus far (with minimal actual exploration) and it's the only thing he and the other POW staff can offer if these results damage confidence and take the sp well under a penny and possibly back to levels not seen since mid 2020. I flipping hope not as I have a shedload of shares now in POW and need it to come good. Other stocks showing signs of recovery for me, albeit slowly, but definitely improving. Getting a hefty kick in the POW balls now would be a big blow after a really sh.te 2022
PJ I really hope you've got something more up your sleeve than just more IPOs for the next 6 - 12 months.