I haven't finished working on this chart yet but it gives an indication of reaching a SP of 10.8p pre 30th.. Imo i think this is more than reachable considering the movement we have seen over the last few weeks.
Saying ill wait for 0.4 isn't a ramp its reality.. Posting this morning s figures is just to show whats going on.. This afternoon I plan to continue to watch this, trading my other shares and painting the hallway . Whats your plans this afternoon , cuppa tea??
Further Information on the POW Project Level 40% Earn-In to the MFC Project
On 31 December 2019 POW elected to earn-in to 40% of the MFC Project by entering into and then fulfilling a commitment to spend US$500,000 ("Committed Spend") during the period to 31 December 2020.
Upon POW entering into the Earn-in an MFC Project operational committee (the "Committee") was established comprising members Roger Key (Kalahari Key Director), Andrew Bell (POW Director) and Andrew Moore (Kalahari Key Director). The Committee will determine the allocation of the Committed Spend and management of operational activities. Upon completion of the Earn-in expenditure requirement POW will hold 40% of the MFC Project.
The Committed Spend will be applied primarily to the completion of drilling of four targets at the MFC Project.
Also, following POW electing to Earn-in, Paul Johnson (POW Director) joined the Board of Kalahari Key.
Also, now POW has elected to Earn-in, a Joint Venture Agreement ("JVA") is being established between the parties which will determine strategy, operational management and corporate structuring. This will include the usual fund or dilute provisions unless an alternate structure is agreed by the parties."