Member Info for Tray556

Alright Ria20 I think we get your point now. Who put 50p in this guy this morning?

On a separate note, good solid exploration update from POW. Great to see the market showing that it at least has a pulse. There is clearly solid potential here. Today news from just 1 of 17 Uranium licenced areas.

This is all in addition to the £16mil balance sheet that POW are already sat on, yet the market only values them at £17mil. Huge potential upside here with the market comes alive as I have been saying for 12 months+.

Links to the OTC market site are below (assuming LSE let me post the links), both companies currently just listed on the OTC Pink so the option to buy any shares looks almost impossible at the moment:

POW - https://www.otcmarkets.com/stock/POWMF/overview

GMET - https://www.otcmarkets.com/stock/GMTLF/overview

GMET to move to OTCQB in the coming weeks as per Oliver's recent comms. POW most likely to follow in the coming months. Both companies trying to appeal to the North American markets so a good move in my opinion to make things slightly easier for North American investors.

I've just had a quick google and OTCQB listing costs are around a one off $5,000 cost to list with circa $15,000 annual listing fees. Don't quote me on that though, I've just taking those costs from a few websites. Seems reasonably cheap so a no brainer move from a cost/benefit analysis point of view.

Letter from the chairman out this morning via the non-reg RNS feed summarising the GMET business as at today ready for what would appear to be a busy autumn for Oliver and the team.

There was also one further key comment in the RNS:

"The Company is also pleased to announce that a form 211 has been cleared with the U.S. broker dealer regulator Finra with a view of joining the OTCQB venture market. Full trading on the OTCQB is expected to commence in the coming weeks, allowing U.S. based investors to more easily invest in the Company going forward."

For me this will likely be the last of the selling at these levels once this current seller finishes.

1) There is now a clear buyer in the background scooping up these sells.

2) The board took more at 0.7p.

3) Not a warrant/option in sight at these levels apart from some delayed 0.75p board warrants which PJ holds most of. Most warrants are 2p+ and options are 1.5p. So, for most warrants/options to become even a talking point the price needs to more than double from these levels.

4) Balance sheet value is higher than the market value of the company and the business has access to over £4mil through cash and listed investments today.

5) Uranium bull market seems to be underway with continued mentions of POW from the likes of Rick Rule (Uranium commodity bull on interviews) and John Quakes (Uranium commodity bull with 75k+ followers on Twitter). POW sitting pretty with 17 licences (over 1,000km2 of licenced ground) in and around the Athabasca. Uranium IPO to come shortly and the process will speed up as the Uranium market heats up.

Fair enough if you sold out on the Molopo news at 1.5p+ for example when a chunk of potential is priced in, but those selling now it is surely a case of emotional capitulation here? Potential upside from these levels in my opinion is on a completely different scale to the potential downside from these prices and that is more than enough for me to hold and top up when possible.

A couple of YouTube videos posted over the weekend related to POW.

VIDEO 1 - A 36 min chat with Sean Wade with a North American investor who Sean appears to have created a good relationship with at the Rick Rule Symposium last month:

https://www.youtube.com/watch?v=rno0wXJsi70

VIDEO 2 - The same guy on the video above discuss a few Uranium plays with Rick Rule, POW are mentioned in the first 5 minutes:

https://www.youtube.com/watch?v=yGX4Yu_W1Dw

POW summary below. The UK markets will wake up to this investment opportunity soon enough in my opinion:

- £2mil in the bank

- £6.2mil of listed investments as at today's mid prices (KAV, FCM & GMET)

- £7.5mil of estimated future listed investments (UEE, FDR, NBGC, New Horizon Metals)

A pretty solid balance sheet of circa £15mil. Then to add to the balance sheet you have the following (which is all pretty much valued at present at £0 by the market!) :

- URANIUM - 17 Uranium properties (1005 km2 of ground) in and around the Athabasca Basin with many of those properties getting early stage exploration right this moment. Uranium prices close to their 12 year high and there is a clear increase in Uranium chatter across the markets (just oddly not the UK yet which has very few Uranium junior exploration plays).

- TATI - Exploration continues to build on the 3m @ 5.17g/t Au from Q1 2022 and 1m @ 40.6g/t from Q3 2022 near surface drilling holes. Also the potential for a small income stream from processing some gold tailing in the area.

- MOLOPO FARMS - A clear presence of Ni sulphides in both the 2021 & 2022 drill campaigns. The search continues for a possible JV partner. Further drilling not out of the question due to the size of the property.

- LITHIUM - Soil sampling assays due back shortly from POW's North Wind Lithium project which forms part of POW's ION Battery Resources Ltd portfolio of assets which also contains an early stage Graphite project. One other asset in this portfolio (Authier North) is an early stage lithium project which borders with Sayona Mining's flagship Lithium asset.

SAUDI ARABIA - Sean flying out to Saudi Arabia at the end of Sept 23 to discuss getting a foothold in that area of the world. Spoke to Sean via phone a few weeks ago and he mentioned talks are going well with possible partners and their Saudi appointed consultants and regular discussions are happening. Hopefully some tangible updates via the RNS feed in due course.

Plenty to like here if you ask me and the market values the lot at just £15mil.

Recent seller (Thor Energy PLC) has just been cleared. They had 17mil shares of which the POW board took 5mil in an agreed deal at 0.7p a share.

Rick Rule the largest POW shareholder with a 4.5% stake. New POW CEO has also bought £121,000 of POW stock in the last 3-4 months.

Https://www.youtube.com/watch?v=XFHOqYJ84q4

Think back to when you bought POW Pete, they were valued at circa £30mil and had nothing to show for it. £500k in the bank and a few licences, that was your lot. £27mil priced in in pure potential at that point.

GMET have 100% ownership in a promising Tungsten JORC asset (Pilot Mountain) as well as 3-4 other promising gold licences. Oliver has hit the ground running in that role and GMET's biggest TR1 holder is the person who can make the US grants happen. A far higher chance of getting a US grant when the person who can make it happen will be the biggest to be incentivised by the increased SP of GMET if they make US grants a reality for GMET.

Back when POW was valued at £30mil they had no JORC assets, less cash than GMET currently have in the bank, and POW had no grant income coming from anywhere yet the market still valued them at £30mil+.

GMET valued at £7mil currently. Even in GMET's current state you could argue they are more than a £30mil company when conditions improve in the markets (based on the valuation of junior exploration companies when liquidity was stronger in 2021/2022). If POW hold say 50% of GMET by the time markets improve due to additional funds raised in GMET during poor conditions, then POW's GMET holding will be equal to POW's entire current market cap at present. At which point, POW would no longer be a £15mil company, they would be valued much higher due to their increased balance sheet value.

The equity & cash POW gave to Thor as part of the Pilot Mountain deal was around £750,000. POW's GMET valuation now worth £4.1mil and GMET haven't even starting exploration yet as Oliver is playing the sensible financial game of waiting to see if funding comes through before spending shareholder funds on huge risky drill campaigns. POW currently up £3.35mil on that investment so far.

This is POW's model now. The majority of the fireworks will happen in the IPOs because the IPO's take on the bulk of the exploration risk and spend the cash whilst POW just take the cash free ride whilst holding considerable stake. Its a business model that I know has made Rick Rule plenty of money in the past hence why he has taken a position in POW recently.

I know you don't like the "paper equity" investing, but this is exactly what the POW business model is now. Keep turning these £1mil transactions into £4mil. Do that 50 times, then you are a £200mil company on paper. Yes you might have 4bil shares in issue at that point, but you are still a 5p a share company. Sometimes the market will value a company with a £200mil balance sheet at exactly £200mil. Sometimes the market will see the potential for balance sheet expansion further and value you at £500mil at that point.

POW are not going to make you a millionaire overnight, but their model is setup for longevity and therefore you are not going to lose your entire investment overnight either, especially from these extremely low prices.

I’ve posted continuously in a similar positive fashion on here for 18-24 months - as an optimist and a POW holder my views on POW remains unchanged regardless of the short term share price fluctuations. I focus almost solely on the company financials. I almost always post clear facts and figures and see the long game. However now I’m a paid ramper because your investment has suddenly hit -50%?? I don’t think it works like that Roger but it might do in your head. I sense yet another bizarre comment with zero evidence to back up your claims.

Roger you have proven on a weekly basis on this board alone that you are nothing but an emotional mess of an AIM investor and someone who shouldn’t be investing a penny in the AIM market. Many times I have genuinely thought you need psychiatric help. You hold an investment that you are not in the slightest bit optimistic about simply because you bought at the wrong time and are now deep in the red in a poor market.

Sell up, move on, and do yourself and everyone on this board a huge favour. This is the last time I even entertain a response to your absolute nonsense you write on here.

Another fantastic post again DonkeyOatey, and someone who clearly gets the POW model. All points backed up with some clear and solid evidence unlike those that post negatively on here recently. Those negative posters only seem to be able to produce evidence which states something along the lines of "well my investment is down, I invested when everyone was talking about the stock and because the company isn't making me any money now, they are performing poorly"

Now is the time to invest in these very nicely set up companies poised for a market recovery. Not when they are valued by the market at £30mil when all they have to show for it is a few quid in the bank and a few newly acquired licences. POW a completely different kettle of fish now compared to 2021 and I have stated numerous financial facts to back up that claim on here over the past 12 months. For what it is worth, I would also like to add that I avoid AIM like the plague normally and I am very risk averse too.

The UK junior exploration sector has taken a battering over the past 24 months. Could it go lower, maybe. But the case for a great risk/reward play here is significant in my opinion. Could it drop another 10-20%, possibly in the short term, could it move 100% in the medium term, very possible too when you have a £15mil balance sheet to spring your market valuation from.

Of course for showing even a slight bit of optimism in your investment and stating some positive FACTS about the stock you are in, you are now labelled a "ramper" in this board for some bizarre reason.

How is an "interesting ramp post"? I've just stating a bunch of financial facts, figures and events that have recently happened? I'm stating facts not ramping! You were the one using ramping terms like "10bag".

I think the actual bottom line here is that you are down on your investment and that must mean that the company has underperformed since you invested. In reality every single indicator apart from the share price performance disagrees with that.

Clearly I don't understand your points for one second and you don't understand mine so let's leave it at that and have a good weekend all.

Sounds to me like you are just using words and phrases Pete with no real data or evidence to back up your points.

So you are saying you would be upset if POW continue to pay £250k for a bunch of licences and spin them out into IPOs where POW retain a £2mil stake for example? Should POW stop making x8 moves like that and stop acquiring all this "paper equity" you dislike? "Paper equity" is convertible to cash at some point down the line. Financial self-sustainability, dividends, share buybacks etc. all become some sort of future possibility with this model.

Or on the flip side, should POW just liquidate all their current investments that they hold in KAV, FCM, GMET etc. and just throw all that cash into one or two big drill campaign? Put the entire business on the line and hope we hit with the drill bit and we all become millionaires overnight where there is a 99.99% chance the drill bit finds absolutely nothing? Irresponsible boards of directors take this approach in my opinion.

I'm just confused at what you actually want to see POW do? Because you don't want to see any additional shares raised, you don't want POW to hold paper equity which they can convert to cash down the line, so where are POW getting funding from to explore in your views?

For me, POW doing all the right things here. When they raise £1mil, they turn it into £3mil for example which can be converted into cash down the line. The investment they currently hold will swell in better conditions and future IPOs will be much easier to get off the ground. Keep doing that, and we are all making money from these levels and Rick Rule & Co certainly think so to. Sean Wade the new CEO also putting £121k on the line over the past 3 months too at these prices to show confidence.

Those buying now will do well once the markets give POW a fair wind in my opinion. Until then POW may stay where it is, but it certainly won't exclusively require a commercial find for the SP to move.

"They’re only assets on a balance sheet, pow need a commercial find to sell, that means profit." - That makes absolutely zero sense?! They are investments that can be sold into cash. Good balance sheet management is key to longevity in any company. You can profit from things in the junior exploration sector without coming close to a commercial find. We could sell FCM today for a significant profit. That's factual info as I stated on my previous post. If POW repeat this sort of business 10-20 times, then you are talking 10s of £millions in profitable investments. No investment needs to come close to finding a commercial discovery but if they did then 10s of £millions becomes 100s of £millions.

POW had nothing when you invested at 3p Pete when the company was valued by the market at £30mil+. I'm just really struggling to see your viewpoint … how was the company attractive to you at a £30mil valuation with nothing to back up said valuation, but now its less attractive as a £15mil company with more cash in the bank, more investments, more projects, more key investors onboard and plenty of future IPOs which all in all account for 100% of the current market valuation? I'm absolutely stumped to be honest. My conclusion is that you are letting poor market conditions cloud your vision of reality.

Fantastic opportunity here in my opinion to invest in a stock that valued at just £15mil today that has the following going for it:

1) Balance sheet value = market value i.e. very little potential priced in.

2) 17 Uranium licences in and around the prime Athabasca area with the Uranium commodity heating up and POW being one of the few UK exploration companies with exposure to the commodity.

3) Cash balance at circa £2mil with another £2mil available in tradable investments right now (KAV & FCM). Another £4.1mil tradable (GMET) in the next 9 months.

4) Largest POW shareholder is Rick Rule with a 4.5% TR1

5) CEO & the board have bought circa £150k of stock in the last 3 months

6) Previous CEO (Paul Johnson) stepped down in Mar 2023 but has added to his position since then and remains the 2nd largest individual TR1 holder (almost 4% TR1).

7) Molopo, Tati & Athabasca updates to most likely land over the course of the next few months.

8) CEO travelling to Saudi next month to continue talks on POW's future interests in the Arabian Shield programme. A new section of their website has been added over the past few days regarding this section of the business (albeit very little info on the website at present)

Whilst I'm one of the only ones in the room talking positively about this stock, I can continue to buy more on the cheap and will do so. Soon enough there will be 30-40 posts in here everyday again like 2021/2022 talking about POW in a more positive fashion. When that time comes, it will cost those talking about it a lot more than 0.7p to buy a share in this business in my opinion.

"a company that’s not making any money on their investments" ???

FCM - POW paid circa £250k for those licences, now worth £1.63mil in tradable FCM equity. Currently sat at a £1.4mil profit.

GMET - Pilot Mountain cost POW around £750k in equity issued to Thor. Thor have now sold all that equity. GMET the 100% owners of pilot mountain plus 3-4 other interesting projects. POW hold 60%+ of GMET. POW's holding currently worth £4.1mil in GMET equity which is tradeable in 9 months time. Current sat at a £3.35mil profit.

There are two investments straight away that have created considerable value for the company!

Those earmarked for IPO such as FDR, & UEE are all showing a profit too based on what they paid for the assets compared to POW's investment value upon listing. POW paid almost nothing for those 17 U licences. 2 licences will be spun out into UEE and POW's stake in UEE has a pre-IPO value of almost £1.5mil. That's almost £1.5mil of pure profit too on that investment. I wonder what will happen if more U licences are eventually spun out? That's right, their balance sheet will grow further. If 2 licences can create £1.5mil in value then could 17 licences create £12.75mil? Well that's the entire POW market cap almost.

Tough times for POW's model at the moment when there is no appetite for their IPOs so they are struggling to get them off the ground, but investors will eventually want a piece of them and when that time comes, POW's balance sheet swells, the sell down some of those investments, fund the company on a self-sufficient basis and excess funds are returned to shareholders in the form of dividends.

3 years ago POW had a few licences and £500k in the bank and had a valuation of circa £35mil when you must have bought Alavib. At that point a a good chunk of hope, potential, future successes etc. you name it, are already priced in.

Since then, POW have acquired 17 licences in the Athabasca, have live investments on the stock market (GMET, KAV & FCM) worth circa £6mil today. 3-4 future IPOs earmarked worth circa £7mil+ and also £2mil+ cash in the bank. All for a market valuation of about £14.5mil. But now its all suddenly a load of rubbish? Don't get me wrong there have been some absolutely average drill campaigns in the last 2-3 years but the drop in price is 95% due to a drop in UK junior exploration companies in general.

I don't understand investors in this sector who invest in those exploration companies where they have enough cash to do one or two drill campaigns and its either boom or bust. On 99%+ occasions its a big bust. Take Thor Energy now, they have put all their eggs in one basket for their latest drill campaign. If that comes off ,then great for them, however, there is a 99%+ chance it will be a poor drill campaign and they will be doing another big raise with huge dilution with the company now valued at £4mil. POW have a nice balanced portfolio in terms of risk vs reward.

If you bought 3 years ago at 3.5p you just bought pure hype. Now there is a genuine case for investing in POW as they have a £15mil balance sheet vs £14.5mil market cap. Of course, everyone will moan and look towards the past but I'm filling my boots at these prices and see a brighter future for the SP. Once the markets turn, POW are very will positioned to do well in my opinion.

Yeah they bought 5mil directly off Thor at an agreed price of 0.7p (mid price). At the same time another investor(s) bought the remaining 12.1mil to effectively buy Thor out and stop the dumping into the market which has been going on for 12 months+

100% sure. They held 17,118,920 POW shares when they last notified the market. Two delayed POW prints today of 5,000,000 and 12,118,920 to confirm Thor are finished.

Thor have just sold their last 17.1mil POW shares @ 0.7p = £119,700. Pretty much at the POW 37 month low price.

No more POW shares held as at 22/08/2023.

17.1mil POW buys posted today to confirm Thor have finished selling. 5mil buys by POW directors, 12.1mil by others. Selling pressure should lift a bit in POW now.

The spinout re FCM is going absolutely fine Roger. The facts don't lie, the licences cost POW around £250,000 for those licences that are now housed in FCM. POW's FCM stake today is 19,033,802 shares @ 9.3p a share (mid price) = £1,760,000. All of those shares are also free to trade today. So POW's initial investment is up about x6 what they paid for it! How can you possibly complain about that?

Yet again you are scrambling for answers as to why the POW SP isn't moving and because you don't have an answer you just shout at comments like "POW must be performing badly" when in all honestly they are doing a lot of things right and the poor markets are just getting the better of the company.

Take Uranium for example, things are heating up in that sector over in Canada & Australia. With 17 Uranium licences in and around the prime Athabasca area, you could argue that in better market conditions, POW's 17 licences alone could be worth their current £15mil market cap. I'm personally a big believer that some sort of Uranium bull market has started and may last a number of years.

The RNS today from FCM isn't something out of the blue, Palladium One have been paying into that agreement for the past 12 months+. They have now paid enough for a 80:20 JV to become official. It was always going to happen at some point, the RNS today just confirms it. Of course, you don't look into that, you just simply look at SPs and if they are going up companies are doing well and if SP are on the decline then companies are doing poorly. Not always the case with POW being a prime example for me.

You are in a solid junior exploration company with POW if you ask me. A company that is valued at £15mil on paper and can account for every penny of that valuation on its balance sheet. The markets will come to POW soon enough and the share price will perform much better. If everyone else around POW was up 100% and POW hadn't moved, I'd be worried. But as 95% of POW's peers are experiencing a similar downfall in their SPs, its clearly market conditions at play here.

My question to those moaning now is if you bought POW at a £30mil valuation 2 years ago when they had almost nothing, why would you not want to fill your boots now when they have some serious exposure to multiple commodities, £2mil+ in the bank and just a market valuation of £15mil? To be fair its a rhetorical question because I'll continue to buy whilst everyone moans at a company that is doing a lot more right than its doing wrong.