Fortunes5 Mar 2021 14:54
The resource sector boom and bust reputation is well known as the basis for legendary speculators making fortunes.
Natural resources are facing seriously increased demand due to not only the inverse change in energy generation fuel requirements but the ever increasing speed of technical knowledge and knowhow.
For instance patents are being applied for on a world wide basis concerning new lightweight electric motors being designed to spin by an intergrated circuit or monolithic intergrated circuit (chip); if successful, think what that will do in changing the weights of large more powerful electric motors- i e think flight.
PJ and AB set up POW in 2019 having recognised the growing demand for base and precious metals; right now both have done a brilliant job using their combined knowledge in how to recognise, obtain and develop world wide safe haven nascent (fledgling) asset situations for effectively zero cost, in relation to eventual JORC confirmed valuation etc.
That success is now shown in the number of projects (11 eggs in the POW basket) all 11 projects are in various stages of development, so in 6 months time the share price will be unrecognisable based on the announcement of success for several or more projects - Copper, Silver ,Gold and Nickel (I have my doubts about Nickel being as successful as expected).
There is a world shortage of Nickel. Copper no matter what the price is needed for the world's increasing electrification. Gold is the world's fiscal insurance. Silver has a rapidly increasing demand which is beginning to make its price look too cheap.
The POW share price does not yet reflect the existing potential or recognise the speed of developing situations, specifically the TSX IPO. It is to be noted that PJ has inaugurated the ability to pay dividends, my thinking why so soon?
Does it mean on the success of the GOLD IPO we will be given shares in specie as a dividend ?
The discount in the s.p. from it's highs around 3.4p represents, again, in my view a serious bargain sale price from which it will undoubtedly recover.
We have been adopted by a couple of village idiots who continually demonstrate a laughable impatient ignorance of how business works, especially POW,
Me, I am fully cognisant of the risk but am a novice speculator who has read all the RNSs, researched the track records of the BOD, studied the recent and ongoing acquisitions, listened to most of the available pod cast etc., so now own a few million plus shares in my ISA
PJ, a forensic accountant, made an off the cuff comment to have this share equal mid tier miner price of 80p/£1.20p, my target is far less.
ATB