Member Info for TinksTheCat

Has anyone read the accounts and noted the two red flags 'Going Concern' reservations plus the warning that finance is needed very soon.
AB has already indicated there will be a fund raise soon so that should aleviate immediate concerns when it happens despite difficult financial markets which may be offset by a discounted price
If ABs company history is checked via .GOV., it will be seen he has been involved in 18 companies most of which are no longer trading.
My interest is that this time he will deliver for once despite being chained to his appalling track record of failing to deliver anything of serious substance to shareholders throughout his long career.

The last quarterly review was 1st October 2021 so the next one expected in a few days.
Allowing for the fact it will be reviewing all recent events, covering all 14 packages plus the progress of the IPOs to date.
It will be a large comprehensive document .
The sp is a bargain when tallied against all that is due to happen, remember each package has a number of options,for instance GMR has 7 projects.
Don't forget to check out the Editors Notes on the end of every RNS to see the latest working position of the projects now in hand.

ATB

The Quarterly Review is due in the next week or so, any comments P J makes should be interesting and informative!

Atb.

Some are moaning about the SP. Personally think it's bargain basement time?

Meanwhile, work moves on.
Under POW Projects, 16 are now listed.

Excellent capital growth prospects over the short term.

ATB.

The uplift from the current sp of 1.5p per share in terms of fair value is to £1.20 per share.

The fair value is the average of the value calculated through seven financial models, and, it is an objective calculation.

Fair value estimates - a stock's fair value is it's real or underlying intrinsic worth. The advanced financial modelling technology that can build millions of valuation models a day, such as discounted cash flow models, comparable company analyses, and dividend discount models to estimate fair value.
All underlying models and assumptions can be found for research to tweak model assumptions if you want to review the methodology.

I trust this helps Stout.

Appologies - should read: fair value is given at £1.20.

Looking thru' Investing.com I found the American analysts viewed POW as being at basement bargain price of £0.0015 with an upside value of £1.20 which is 7646.9% uplift in price.

It will be good when the shares reach my targets of 3.5p to 7pps although if several exceedingly good finds are announced I can see the sp taking off towards the 10p+ region.

What happens to the recent incredible 'Silver' finds to POWs benefit will be interesting.

ATB.

I would use the ‘Report Post’ because the target is clearly disruption of this board - eventually the disruptive posts will cease.

Some people have no idea how POW works, or what is the value of it’s investments.

We now have two Uranium projects, the Australian one just released in today’s RNS together with the previously acquired Athabasca basin. The new Australian project will cost half a million £ compared to the £20,000 cost of the Athabasca basin.

The above price differential indicates that the 5th asset demand cycle since the beginning of the 20th century has started, so increasing the value of the entire portfolio.

Note - Projects now total 14 with the addition of 100% owned Gawler Australia Cu, Au.

The fantastic results for the Silver project are generating increasing interest in POW.

POW really is a rare beast with the number of its projects, 13, spread across the world and having a CEO who believes in keeping share holders right up to date .

PJ already knows what to expect and is obviously upbeat about his expectations.

This from Twitter-Amazing opportunity & for shareholders looking for a high-energy junior resource company - I trust equally compelling returns await. My interest - 75m shares!

Power Metal now has the following explorations completed with assay results awaited .

- Authier North Lithium Project (Canada) - soil & rock sampling completed (laboratory assay results awaited)

- Athabasca Uranium (Canada) - Phase I exploration commenced. (field results, together with laboratory assay testing of samples collected, awaited)

Tati Gold/Nickel Project (Botswana) - reverse circulation drilling completed (field results, together with laboratory assay results awaited)

- Molopo Farms Complex (Botswana) - further samples being tested for nickel sulphide and platinum group elements ("PGEs") from diamond drill programme completed (laboratory assay results awaited)

I hope they are as good as the Silver results RNS although they will take some beating-if they are expect an increasing sp-especially as we are coming closer to various IPO news expectations.


With regard to Silver; PJ mentioned a while ago there was outside interest in the project; I would prefer to see an IPO rather than an outright sale of our interests.

The following projects are in progress:

- Ditau Project (Botswana) - preparatory exploration work underway on target leading to planned accelerated drilling targeting rare earth elements and base metals.

Kalahari Copper Belt (Botswana) - results from ongoing exploration across the South Ghanzi Project and further exploration at the more recently acquired South Ghanzi Extension and Mamuno licence areas.

- Wallal Gold/Copper Project (Australia) - geophysics results from 2D seismic processing and passive seismic awaited.

- Victoria Goldfields (Australia) - results from ongoing exploration across 848km2 of granted exploration licences!

For those who have not read any of POW recent RNSs beyond Editors notes, please do so as an up-to-date work schedule for most of the projects will be seen.

Expect an RNS for a New Chairman.

ATB

There is no doubt that the ousting of Mr Bell from the company has removed the considerable push back in financial terms that the IIs must have voiced to PJ, engendered by Mr Bell's past operational style and track record.

View shareholder's and other's comments on the various public forums where Mr Bell's companies are concerned.

In my view Mr Bell's latest public comment of ‘Scavengers’ concerning another AIM junior CO., aired on both LSE and Twitter more than justifies his ousting.

My Colleague and Advisor had spoken with PJ about the procedure for placing a motion before the BOD for the stepping aside of Mr Bell from the position of Chairman of POW. On consideration the motion was not put forward. A few weeks later Mr Bell was no longer chairman.

The above is mentioned because both Mr Bell and PJ through their channels own 51.1% and 49.9% respectively of New Ballarat Gold Corp. (NBGC) which is being IPO’d on the London Market.

Mr Bell, when he stepped down from POW at the end of September stated he would have a continuing roll in NBGC before and for some time after listing.

Of serious concern is how Mr Bell’s failing reputation will affect NBGC’s share price after IPO launch?

There are two total opposites in both monetary management, style and success which will inevitably lead to differences of opinion.
There is a counter to such difficulties via a Management Relationship agreement if one can be agreed bearing in mind that Mr Bell controls the major part of NBGC .

My view is the differences will not be resolved because Mr Bell takes his business record with him where ever he goes.

Some may well disagree?

ATB

The last line of the previous message should read 14 weeks not 4 weeks.
Appologies.

Some useful information about the various 3%+ shareholders of POW :

Jarvis Investment =19.10%
Hargreaves L. =15.73%
Interactive Inv. =12.93%
AJ Bell =7.88%
Halifax SD =4.57%
Barx St. = 3.60%

Add in the POW BOD holdings of PJ=6.02%, ED Shaw 1.12%

The above represents 71% of the SII.

It is a massive endorsement of the trust that serious money places in PJ's abilities engendered by his past record of success, strong financial controls, high impact outcome expectations, and a continuous up-dating of the news flow.

Some analysts are voicing immediate expectations of another commodity super cycle, the fifth since the start of the 20th century.

In brief it means all POW IPOs will be oversubscribed.

Researching into the expected IPOs and their issue price ; it appears the FCA favours a basic sp of 10pps for new IPOs.

It is noticeable PALM are now processing for listing their subsidiary Panther Metals Ltd., on the ASX at AS $0 .20cents ps equivalent to £0.11ps -expected quotation date 10th Dec., The IPO will consist of 25,000,000 shares to raise AS $5,000,000.

The ASIC have similar views to the FCA about New IPOs thru’ various agreements (2016).

So what share price can we expect for First Class Metals who’s listing is due end of December?

POW will hold a 36.1% in FCM created by their sale of Schreiber-Hemlo interests in Ontario Canada to FCM for £Imillion.

It is noteworthy that this FCM deal was announced in SEPT, with their IPO expected December- just 4 weeks later!

ATB

From the information in the last RNS it can be seen where the sp should be;- PJ has bought FDR Australia with POW shares at a variable conditional price of 2.75p up to 3.2p with warrants at 4.5p and 5p.

The sellers will have had their DD carried out on POW so accepting POW valuation which I think has a discount within it approaching 40%.

Note the short VWAP time for the exercise price variables attached to the different price warrants – the 4.5p warrants, exceed 7p for 5 days and then short 10 day payment window. Then the 5p warrants exceed 10p for 5 days then short 10 day payment window, no payment within that 10 day window, warrants are cancelled.

All of which point to POWs sp being undervalued also demonstrated by numerous ongoing expectations of near term results.

It is good to see PJs accountancy background written all over the FDR transaction

The current sp should start to move forward as time closes on key expectations, including project results and several IPOs being realised, maybe an outright cash sale of the 30% Silver project?

Personally I think the sp considerably undervalues all areas of the company in terms of potential and growth prospects-I cannot find any other company on AIM or elsewhere with such potential -especially at this low sp of just 1.8p

ATB

Too many mini errors- I blame my phone;-)

From todays RNS;-With the preparations underway for the spin-out/disposals of Power Metal's two existing interests in Australia, we are now looking to rebuild our Australia portfolio.
Shows that POWs model is working as existing projects are matured to disposal, so new ones are added to be matured for disposal and so on, POW will be an IPO /deal production generating vahicle for several years to come which means a constantly increasing flow of cash and shares to POWs coffers which will be eventually be passed out to us lucky investors.
One of the many ways of looking at the potential COS of various projects is to check the numerous drill locations spread across the portfolio's soon to be 14! projects; each drill location has a chance of striking a major target and there must be in excess of 30 stated targets many of which are underway now.
The RNS also tells us that 2 of our Australian assets are set to be completed .
Probably alongside the Canadian Silver IPO, unless it is sold outright via an offer that cannot be refused.
So potentially 3 IPOs completed in the next 4 months if not before.If so it will mean that POW benifits in my view by a substantial inflow of cash and shares which could end being worth £15/25 million.(pure spec., as we do not know IPO SII or price.)

Just for info., POWs offices are open and accessible to staff 24/7 because of the different time zones in which communication takes place.
Check out the up to date position for the projects after the end of the main RNS info., under Editors Notes.
ATB

Has anyone looked at today's RNS properly and seen the information about POW's exploration programmes titled "Power Metal Exploration Programmes Underway/Results Awaited"? It gives an up to date report on all our projects. I almost missed it as it's at the bottom of the RNS under "Notes to Editors"
Very useful up to date information - saves me a lot of research. Never seen this done before as I usually stop reading at the Competent Person Staement.

Is this a totally misleading RNS heading;- Over-the-counter (OTC) securities are those that are not listed on an exchange like the New York Stock Exchange (NYSE) or Nasdaq. ... Securities trade OTC is because they don't meet the financial or listing requirements to list on a market exchange. They are also low-priced and are thinly traded.
OTC is generally acknowledged as a pump and dump operators haven with wide spreads and a difficult market as there are no controls testing the integrity of any RNSs issued and virtually no accountability for a false RNS designed to inflate the sp.
The BOD are the only ones who have gained anything from the company-this latest RNS will potentially allow the continuance of their salaries should RBD not be able to meet its commitments in the future.
It is a red flag; Why, the sp is appalling,they have 9 billion SII, any fund raising would be discounted as it would be at the money markets mercy so they would have to have a consollidation and there is little news on the horizon to change that.

Google OTC and see the warnings about dealing with the OTC.

I rarely post but that RNS if it is correctly understood is taking the p***especially if their earlier RNS advice of gainful actions fails to materialise any monetary gains to shareholders profit.
I am not sure if the BOD can be held accountable for placing assets on the OTC which then fail because of the OTC trading warnings.

The CEO is going for world domination assuming USA FDA approval. The only m/c to find living cancer cells from a single blood draw.So no more biopsies for dead cancer cells-on a world wide basis.
What sp then £1500?
I know its ridiculous but thats the gossip.