Member Info for sol001

Yes. The civils have been all done for it. Just need to order and fit it and ready to rock n roll

News on the test run tomorrow or Monday at the least. I am betting its going to be the secondary flotation plant needed

Uranium, if we can get at least one discovery. 2 discovery's and we are definitely flying. We have a few different areas to hit

If gmet had been created as a JV like the Uranium project and we had given away a similar percentage for millions towards drilling etc. (Not includimg a US grant as extra) Where's the dilution in that? Its the same for ACAM and the JV for the Uranium now. We have free work with £10 million, no dilution and it's under our rns for a potential discovery. Before ACAM came along, it was going to be an ipo release. (Luckily it isn't)

As I said gmet investors don't want that now because they have made their profit, but we as investors haven't yet. Plus how many millions has gmet diluted since they went live? (Which they wouldn't of as a JV)

He's diluted the shares by close to 30 million shares (consolidated)

Of course I'm moaning because of the sp. What would you honestly prefer as a Pi? A previous sp of 30p+ (which it was prior to Sean) or 14-15p currently and a drop in the share value, which is currently 26p according to Sean. Prior I'm sure the share value would of been alot more than the average 30p

It's too late to go back, but me personally would of kept gmet under pow. The sp there has gone up, so it's understandable it would of gone up here and we as shareholders of pow (which we are in this chat) would of benefited. We aren't benefiting from the profits the company has made. Where's our returns? As powerfulpete said we aren't here for the balance sheet, because nobody is buying for the profits we've made. People are buying gmet and fdr because of a potential commercial find and people who are invested in gmet wouldn't want it under pow because they have made a profit in the sp. But long term investors loyal to pow (who haven't sold) are waiting for our return.

Now we can't go back, so Sean needs to return value to pow shareholders and find a discovery from our with our Uranium project which is all free with £10 million as a JV (which gmet should of been created as. I'm sure they would of easily found a similar JV as ACAM)

It's a shame it wasn't recorded. I would of liked to of seen what they said. I've had a look online and can't see anything apart from the votes passed

Consolidation doesn't change your value that's right, but the sp had dropped from after Sean started and dropped so far that he had to consolidate. Something we never needed under pj. The sp under Sean is the worst its ever been and he has diluted us quite a bit. The point is what he says about value to shareholders without the dilution and that's all we've seen. They should of kept the ipos under pow as they were prior to him starting and then the sp here would of risen from the news and if there was dilution, it would be as it is now, but a stronger sp and more investors. But anyway, its too late for that and now Sean has to fix it by returning value back to Shareholders with a buyback from the shares he's diluted. Someone even mentioned that RR has discussed with Sean, not to dilute the shares further.

We do need more news under our rns. We haven't heard anything interesting for ages. Something on one of our projects still under pow would be nice. I'm looking forward to the next Uranium news to come 👍

A company only consolidates because the sp is too low. Anyway its now upto Sean to fix it. Fingers crossed he can help bring value back to shareholders 🤞

Because Sean had diluted the sp prior to consolidation by around 25 million shares and they had to consolidate because they were requested to. After consolidation it was diluted more to bring us where we are currently at 115,610,000

Doc83 instead of quoting me you should be quoting Sean, Where's he's said many times about giving value to shareholders without the dilution. look up our sp over time and your see. Your also see from the rns on the shares in issue from when Sean started, where he has diluted the sp and consolidated our shares. And our share value has dropped to 26p from over this. As Tray said, we need a share buyback to take us to where we were before the dilution, to around 75 mil over 1 to 2 years. We all have our own opinions. Have a good day 👍

Take FDR. Just some article in the paper of a speculation that there could be similar to a nearby area and the sp jumps up. This hasn't attracted pi's for their balance sheet and profits (because they have little too none profits to access unless they add new shares and dilute) same for the reason gmet shot up. We need what they have and what we used to have. Sean knows how to fix our sp and as you said Tray, a buyback to where we were before Sean diluted the sp. You keep saying some don't understand the model, but I don't think Sean is being honest to the model, because he's telling investors he doesn't dilute in every interview. That we get the value and not the dilution and he has diluted us near 30 million in the short time he's been here and consolidated the shares because of dilution. So we could of had the ipos under pow, built up the sp and attracted more Pi's. We are here to make money as investors and I'm more interested in the sp going up and having projects under our rns

If a commercial find, say from our Uranium project isn't what we need to attract buyers and build up the sp, why are Pi's attracted to drilling and assays from companies seeking a commercial find and have little or no profits. We used to do really well as I said, with the sp averaging 30p+ and no strong balance sheet as now. But nobody is running to pow for the balance sheet and profits

Playtime there isn't supposed to be dilution according to the model

If Sean does read these https://youtu.be/sq4v1UMJATQ?feature=shared

5mins 15sec

'Not diluting our shareholders,

However Sean has diluted the sp by around 30 million from what it was prior and consolidated our sp. So my question is when are shareholders going to see the return value that has been diluted. He might as well kept gmet under pow and then diluted. So they released an ipo and still diluted here and we haven't seen the value.

Sorry for the rant today, I'm just frustrated with the sp to what it used to be compared to now. If you've been here long enough you'll understand my frustration

Prior to Sean taking over we had 86,378,740 shares in issue (consolidated value) since Sean took over we have 115,610,000 shares in issue. Now we know why the drop and the consolidation. So he can fix the sp by buying back some of what he diluted

Before molopo farms drilling we averaged above our share value of 26p; which was around 30p and then the news of molopo brought us higher again. All Before gmet was released as an ipo and Sean took over. Now we are half of that with millions in the bank and the share value is lower than what our average was previously. PJ and molopo was a few years ago now, so why is it that we can't recover. Same model as its always been. If its due to dilution, then Sean knows what to do

The sp used to be very well in the past and I was happy with the way things were going. Unfortunately as we are aware molopo farms turned out to be nothing after dilution and drilling under PJ and Sean and then there was a consolidation by Sean put in place after. Still no news on molopo and the sp under Sean hasn't gone back to where it was prior. Yes the company is making money, but why are investors attracted to the ipos that aren't making cash profits and not buying here where we are making alot more. What attracts buyers to drilling and assays, rather than cash being made from the ipos. We used to do really well before and the regular news and interviews is what attracted me to pow in the first place. Back then we didn't have millions in the bank, but we had a healthy sp and regular buying

They should of found a buyer when gmet was at 69p. Now it's 54 and dropping. Problem is who will be interested in buying. UCAM won't want to buy and reduce their holding, unless the sp drops lower again. I'm hoping you are right Tray and 2025 is the year we move back to the sp we used to be or even more if the share buyback goes ahead and the Uranium results come good. We aren't moving from the ipos, that's obvious. so we need something under our own projects and a discovery

2x 50k sold earlier and 100k bought earlier at fdr. This is one reason why I don't like the ipo approach. Especially when money is made by pow, but not benefiting pow shareholders by putting back into the stock. If Sean doesn't arrange the share buyback, then he needs to do something else to help the shareholders. What's the point in an agm when he doesn't listen to the votes

I don't think it's bad news, unless Sean is stepping down and it's leaked (doubtful though). It's probably due to the ipos. When gmet released on the LSE the sp here dropped from people leaving and buying there. This is the problem with the ipos. Since FDR released, gmet has gone down from the high 60s to mid 50s. I'd like to see some news on another JV, but that's unlikely because Sean mentioned they want to concentrate on 2 projects; the Uranium and power Arabia. A positive drilling results from the power Arabia would be nice to see before the drilling results of the Uranium drilling

Everything now going forward will be decided by the OEM team and the BODs. This is why GR is stepping down. The OEM team have to make sure to get the issues resolved or get the secondary flotation plant bought and fitted ASAP if they want to meet Glencores requirements. Graham and Canmax won't want them walking away. If Graham is going to be the next ceo, he will be pushing for the issues sorted before he takes over and time is running out quickly. I don't know why they don't just get the secondary flotation plant ordered now. Yes it's more money, but it'll fix the problem and get Glencore onboard and debts paid and then they can move onto the next stage and get the tantalum side going and release news on the interested party