Member Info for spacetec

Where will SP be on Friday

Also have a look at RPS

Lot of profit taking and due to no dividend till possibly next year, I still think 70p is achievable in mid term

20 p in couple months

omg my sell price not that far £ 1.58 for my 143,341 shares in at 47p yes

under 4p a good punt

cant be trueToday 12:13
Power Metal Resources: Overview
¦ POW is AIM-listed metals explorer with market cap of £5m, with a portfolio of exploration licenses and license applications
across Australia and Africa, with flagship assets:
¦ 49.9% JV share (with Red Rock Australasia) on 11 Gold exploration license applications in the Victoria region of
Australia covering 1,839 sq. km
¦ 25% (+option to add 10%) of Haneti Nickel-PGE exploration license in Tanzania covering 5,000 sq. km
¦ Molopo Farms Nickel-PGE exploration license in Botswana (51%)
¦ We see the company as having the potential to deliver significant shareholder returns from its current £5m mcap, because:
? Strong CEO: Paul Johnson, previously a Non-Executive Director of Greatland Gold (100x+ bagger, one of the greatest
ever success stories in mining), previously Chairman of ECR Minerals (a rapidly-growing AIM-listed gold explorer focused
on Victoria, Australia like POW) and previously Chief Executive Officer of Metal Tiger (10x bagger, responsible for the T3
copper discovery in Botswana).
? Very large land package: POW can potentially achieve 1,800+ sq. km of granted gold exploration licenses by end
2021, a size rivaling that of large-cap gold explorers with £200m+ market caps.

? Exciting geology: POW’s gold exploration license applications in Victoria are close to some of the world’s highest-
grade mines, such as Fosterville. POW’s license areas have a similar geological structure to highly-successful neighbours.

? Upcoming catalysts: license application approvals, drill programs.
? Strong shareholder communication and focus on value creation: policy of no-dilution with share placings, strong broker
research coverage. Fully funded after recent £1m placing in mid-July 2020.
? Geological expertise: Strong geological expertise from JV partner Red Rock. Working with highly experienced local
geologists in Australia.

Problem with stocks like this they have very limited shelve life one hit wonder RNS then nothing so the price then slides back to basement or I could be wrong lol

they will need some news soon otherwise this will just drift away

I think this can be good investment from here even if it gets to 1.2p in 12 months that is above 200% rise

tanking

Don't worry this be under 8p tomorrow

whats the final sp target we looking for here£2.50?

well this is dead now was nice pump and dump while it lasted

will this go to 40p this week

If you can't buy then surely it should go up

I have £85 k but scared to put it on here, however I do hold small holding of 55,000 shares in at 12.74p

would you put £90 k in here ?

EUA – Potential Bidders
Whilst many assume Norilsk Nickel (NN) are the overwhelming favourites to purchase Eurasia Mining, other valid options are open and in play.

NN are mentioned in recent EUA RNS, proximity to Monechtundra being an obvious advantage for them. They have all the processing facilities needed just a few km away from the licenced area.

Other firms in the vicinity include Polymetal and Nordgold, they understand the jurisdiction so have to be considered on this basis.

Anglo American have to be considered a strong possibility to make a bid, given the past relationship with Eurasia Mining. Previously they’ve ruled out acquisitions outside South Africa but the recent purchase of Sirius demonstrated a change in approach.

Other global firms such as Glencore who could easily afford a multi-billion offer can be thrown into the mix until such a time as final bidders are revealed.

Chinese influence cannot be ignored on any global asset sale, with the engagement letter with CITIC Merchant an example. Perhaps a state bid via SinoSteel or similar firm.

Many other PGM mining operations exist and would see Monchetundra (MT) and/or West Kytlim (WK) as attractive options to consider purchasing. We should consider South Africa as beset with fundamental issues of power stability, higher than average AISC due to deep underground mining and Covid19 an issue at present with this type of operation. The ratio of Platinum:Palladium at several SA operations is closer to 1, so they would be mining a lot of Platinum to extract a similar quantity of Palladium compared with MT, devaluing one commodity chasing gains on another.

This brings Sibanye Stillwater, Implats, Northam and Lesego to the table of possible bidders. The latter two probably more suited to buying WK as question marks over their ability to afford both MT and WK.

Open Pit mining with AISC around $325/oz makes MT one of the most profitable locations to build a PGM empire. This brings to the table our friends in North America, such as Barrick and Kinross if they wished to consider diversification.

So they would be my top 12 bidders for Eurasia Mining. I don’t expect all 12 to throw in an offer, but it does suggest a potential bidding war until the expert guidance of UBS, ensuring a great outcome for shareholders new and old.

Share price is 19.7p at time of writing, the author holds a fairly large position in the company and has added since suspension ended on 9th July.

50p disappointed
£1 expected
£1.50 say goodbye wife say hello to sunny Greece