RE: POW Market Valuation30 Jul 2024 12:23
POW is the exploration company that never actually finds anything worthwhile. But they buy up cheap land in areas with history of being successful . Like buying a shi**y run down house in a nice area in a good postcode.
Now they have just gone down the investment route. or 'Merchant banking' model as they call it .
Investing in POW is just letting them invest your money for you, elsewhere , except that when the company they have invested your money into is doing really well (see Gmet) , you don't actually make any money !
But yeah , lets blame the market