Member Info for Tray556

24p-30p price target issued for FCM by First Equity today. POW hold circa 23% of the company. Link below:

https://mcusercontent.com/d266f47cec87da1170bcd0f35/files/246f1e52-f74b-a61f-1aac-77c40eaca114/First_Class_Meals_Buy_Note_2_Aug_23.01.pdf

An FCM price of 27p (mid target price) would be worth circa £5.1mil today for POW. Add this to the price target released for GMET yesterday of 35p which is worth circa £17.5mil for POW. That would be £22.6mil on the POW balance sheet based on just two of their investments alone. The entire market cap of the POW business is just £17.5mil at the moment! You can clearly see why the savvy investors such as Rick Rule have entered at these prices.

It must be said that these price targets should be taken with a pinch of salt, but I'll say it again, it certainly shows the potential of the POW IPO / balance sheet model especially if market conditions improve. These are just 2 of the many IPOs POW have in the pipeline (First Development Resources, New Ballarat Gold Corp, New Horizon Metals, Uranium Energy Exploration, ION battery resources etc.) and that doesn't even take into account their directly owned Uranium licences, Tati gold project, Molopo Farms Nickel, Silver Peaks etc.

So much to like here if you start looking deeper into this company yet the markets are still providing investors with a great entry/top up price here.

POW closed today with both the bid and ask price over the recent May 2023 0.85p placing price which involved Rick Rule taking almost £1mil. Seems like any possible placing overhang could be pretty much gone now. Hopefully this stock gets back to a more sensible market valuation soon enough.

Thanks Doc / Elric - Just sharing my research as many others do on here! I feel POW should be in for better times soon enough. We always need at least a bit of a fair wind and it seems market conditions may just be giving a slight hint that they might be turning positive towards small caps again, of course I could be wrong like many of my other POW predictions over the past 12-18 months!

35p price target issued by First Equity today. Link below (assuming LSE let me post it):

https://mcusercontent.com/d266f47cec87da1170bcd0f35/files/f88f5d13-5830-be97-81ff-7ecf769eee0c/Golden_Metal_Resources_1_Aug_23_Buy_TP_35p.01.pdf

A GMET price of 35p would be worth circa £17.5mil today for POW. Which happens to be POW's entire market cap at the moment!

Price target appears to be based on just Pilot Mountain alone. No valuation give for Golconda, Garfield, Stonewall or Kibby Basin assets.

Of course these price targets should be taken with a pinch of salt but certainly shows the potential of the POW IPO / balance sheet model.

35p price target issued by First Equity today. Link below (assuming LSE let me post it):

https://mcusercontent.com/d266f47cec87da1170bcd0f35/files/f88f5d13-5830-be97-81ff-7ecf769eee0c/Golden_Metal_Resources_1_Aug_23_Buy_TP_35p.01.pdf

POW appearing on the IG website today in the Top 10 Best UK Penny Stocks section. Link below (assuming LSE let me post the link).

https://www.ig.com/uk/trading-strategies/top-10-uk-penny-stock-for-investors-200123

Cash balance as at 30/06/2023 - $1,711,000 per the quarterly report. A few more POW shares sold too in the quarter.

Thor Energy PLC – Their quarterly report today shows POW shares held as at 30th June 2023 = 17,118,920 (was 23,118,920 as at 31st March 2023). Total sold from April to June 2023 = 6,000,000. Partially explains some of the selling pressure of late but they are not far off finished now (originally held 52mil+)

Level 2 firmed up 30 seconds before markets closed on Friday. Also paying over the ask price of 0.8p at close on Friday too.

Last week saw the first weekly close in POW over the 50-day moving average since January 2023. Technically indicators starting to look a bit more positive for the first time in 2023.

The Telegram group viewing figures were back above 50% of the Telegram members viewing the POW Telegram group last week (the past few weeks it has been at a record low of just circa 45% of members engaging with the Telegram group).

Significant increased chatter on social media channels over the past couple of weeks regarding POW, especially Twitter.

We may find out over the next couple of weeks the real impact/benefits POW took away from the Rick Rule Symposium last week. Potential new investors, IPO updates etc.

Hopefully a good period ahead from the remainder of 2023 and that can start to reflect in the clearly undervalued share price here!

The POW model has shifted somewhat now and hence why I have increased my stake as I prefer a much lower risk approach to junior exploration. As people can see from my posts I only post about POW on LSE as they are the only company on AIM I am invested in at the moment. I tend to keep to safer plays.

POW are now simply taking 100% stakes in projects, doing small amount of exploration which costs pennies, or packaging together a number of these 100% owned licences and spinning these projects out into their own listed vehicles and then letting the separate entity pay for all the exploration costs whilst POW hold a chunky stake of that company for a cash free ride.

Yes those spin out vehicles will have to raise their own capital and POW's stake will somewhat reduce, however, they will still own a significant stake in the spin out model and therefore be entitled to a significant amount of any successes.

We all know the risks in this game as you have mentioned below Pete. The question for investors is would you rather go all in on a single project for the super high risk / super high reward play like most AIM listed junior exploration companies. Or would you rather a smaller slice of many pies like the POW model for multiple shots on goal. All depends on your risk appetite but with POW you stay in the game after a few poor results which is why I like them personally.

The bottom line is at present there is zero appetite for anything in this sector hence why a bargain opportunity has arrived.

It looked good at 3p / £30mil market cap back 3 years ago? I would argue the point that at that price, POW had a handful of licences and £500k in the bank. I would say £30mil for POW 3 years ago was "overvalued".

Over the past 2-3 years POW have put in a real shift in acquiring a whole bunch of global opportunities across multiple commodities (albeit still early stage like 2-3 years ago) Now today at 0.75p / £15mil market cap and nobody wants it and the company is . The stock market baffles me at times. POW have £2.5mil in the bank and a bunch of decent looking investments / upcoming investments that make up the other £12.5mil of the market valuation. Yes they have had a few poor drill results over the past few years but also a few half decent ones too.

Most importantly because the £15mil market value can now be backed up by POW's solid £15mi balance sheet, not a bean of potential success is priced into POW yet anything from the following could happen in the short to medium term:

- Increase in the GMET share price which POW hold circa 60% of. GMET hold a good looking Tungsten JORC and one of the most undeveloped Tungsten assets in the US.

- Increase in the FCM share price which POW hold circa 25% of. FCM about to start drilling on their properties soon and those drill campaigns are fully financed.

- Increase in the FDR share price once floated on the stock market which POW hold circa 55% of.

- Increase in the UEE share price once floated on the stock market which POW hold circa 50% of.

- Increase in the NBGC share price once floated on the stock market which POW hold circa 50% of.

- Joint Venture progression/announcements regarding POW's Molopo Farms Nickel project

- Exploration advancements regarding POW's 17 Canadian Uranium Licences

- Exploration advancements regarding POW's Tati Gold Licences

- Announcements from their recent Saudi Arabia consultancy partnership possibly including acquiring Saudi assets.

As I have said on here a few times I've increased my position here by 20-25% over the past month in the 0.7-0.75p zone. I expect the heard will be chasing this again soon enough.

Just because an SP is falling across the entire sector does not mean a company is performing poorly. This stock has bargain written all over it at these prices (as do a few others on the AIM market in this sector at the moment). Liquidity has just been drained from the markets due to interest rate raises etc. but big money will come back once retail have waved their white flag which I think has pretty much happened now. Most will not get involved in this stock until it's doubled in price unfortunately which could happen quite quickly in a small cap recovery period. Just my opinion of course.

The interview that went out was with Liberty and Finance who have 91,600 YouTube subscribers. The video was released yesterday around 7pm UK time. It has already attracted 1,800 view and 130 likes. This was not the POW presentation at the Rick Rule Symposium. That was yesterday at around 9:40pm UK time.

My guess is POW will release the Symposium presentation video in due course. They have stated on Twitter that it was well attended and there was plenty of audience participation. As it was $299 to attend the Symposium virtually and $800+ to attend in person, I would assume POW will not be able to release the video until maybe a few days/weeks down the line.

Regardless of who does or doesn't take a POW golf ball, this is clearly the largest audience POW have attracted by some way.

Aren't 95% of UK junior exploration companies dead at the moment? Surely those looking to get in now are looking to buy the bottom, sit tight and wait for liquidity to return to the sector? That is certainly what I am doing and have been buying the 0.7-0.75 zone for the past month or so. Must have increased my POW position by at least 20% in July.

I take the analyst reports with a pinch of salt, but the latest one today gave POW a target price of 3.3p which is almost x5 today's price.

Risk/reward here is a no brainer for me as the balance sheet today alone is worth £16mil whilst the market only values the company at circa £15mil.

One value driver from the following could send the POW share price moving:

- Increase in the GMET share price which POW hold circa 60% of. GMET hold a good looking Tungsten JORC and one of the most undeveloped Tungsten assets in the US.

- Increase in the FCM share price which POW hold circa 25% of. FCM about to start drilling on their properties soon and those drill campaigns are fully financed.

- Increase in the FDR share price once floated on the stock market which POW hold circa 55% of.

- Increase in the UEE share price once floated on the stock market which POW hold circa 50% of.

- Increase in the NBGC share price once floated on the stock market which POW hold circa 50% of.

- Joint Venture progression/announcements regarding POW's Molopo Farms Nickel project

- Exploration advancements regarding POW's 17 Canadian Uranium Licences

- Exploration advancements regarding POW's Tati Gold Licences

- Announcements from their recent Saudi Arabia consultancy partnership.

- POW with £2.5mil+ in the bank so fully financed from a placing perspective. Their FCM shares become tradeable in the next couple of days. So POW are currently sat on about £5mil from cash and tradable investments.

- Further future IPO announcements from other parts of the POW portfolio including New Horizon Metals, ION Battery Resources etc.

POW's speaking slot at the RR Symposium is today at 4:40pm Eastern Time (9:40pm UK time). I would assume the video of the 20 minute speaking slot will be posted on Twitter etc. within a few days.

The RNS is simply a POW Non-Exec Director (Ed Shaw) moving funds from his share holding into an ISA. Ed Shaw (including his wife's holding) still have 14mil shares in POW as they have done for several years.

This is just a statutory update as there has been a transaction by a POW board member. The resulting impact is that the Non-Exec holds no more or no less POW shares. He has just put some of his POW holding into a more tax efficient account to protect himself from any upcoming capital gains when the markets recover.

Website updated this morning, Bank of New York now hold 3.02% of the POW stock per the section of the website which discloses 3%+ shareholders.

Highly doubt Bank of New York are going to get involved if POW's plans are to just remaining solely on the UK markets. Maybe they are involved in readiness for POW possibly listing on the US/Canadian markets through spin outs etc. My guess is that Bank of New York are also possibly involved due to RR as the US are probably struggling to buy POW stock as there will be very limited options for the US/Canada to buy POW. Having the Bank of New York onboard may somehow make the buying process easier for US/Canadian investors. Could be key if we manage to get a bit of exposure in the upcoming symposium for example.

They have provided significant value to POW! It just isn't pulling though to the SP .... yet.

FCM - POW paid £250k for those licences, now worth £1.9mil

GMET - POW paid around £1mil in various deals (some equity) to secure Pilot Mountain and some of the other GMET licences. Now worth £4.2mil

FDR - To list shortly, cost POW very little to secure the licenced ground there. Will be worth around £2.5mil to POW once listed.

KAV - Having a bit of a shocker at the minute and now only worth circa £400,000 to POW.

Once market conditions improve, you could add some significant value to those investments. POW will then sell into the improved markets down the line once liquidity returns and then millions come back into the POW bank account. Some investments will fail, some will be a success. GMET & FCM for me have great potential but they are also struggling in the poor markets.

Financially robust model here with an end in sight to financial self-sustainability. £16mil balance sheet vs £14mil market value is always a buy signal for me and I continue to top up every time it dips.

On the flip side, the company needs to get some larger investors to buy on the market here and so far in 2023 they have achieved absolutely nothing as the short term excitement in the company has faded. I feel plenty are on the side lines ready to jump in once conditions improve but only time will tell.

I noticed the POW NED Owain Morton left his position at IBM yesterday to move to Saudi. It appears based on a few comments on his LinkedIn that he is off to Maaden the huge Saudi state owned mining company. He has a seriously good CV having worked at Barrick, IBM & now looks like he is adding Maaden to his CV too.

Great having a guy like Owain as a NED. Also adds a bit more weight to getting a possible foothold in some Saudi projects / investments.

The markets will be the markets Roger. £16mil balance sheet here vs £15mil market valuation. That at the very minimum is a hold signal. You cannot argue with the fact that POW is currently undervalued as my above comment confirms that. The market gives periods of time where valuations are complete irrational both to the downside and the upside. We are currently in an irrational downside phase in POW and the same can be said about many other UK junior exploration plays.

POW just need to start appearing on a few radars again and the trade volumes need to increase. It does appear that the new CEO is pushing a few different marketing / PR avenues but nothing has come to fruition yet in these poor market conditions. I've personally increased my holding by about 30% over the past month or so whilst price has been between 0.70p-0.80p .

Everything is currently priced in for free. Even if you think Athabasca, Tati, Molopo, Silver Peaks, Haneti etc. are all complete and utter duds, it doesn't matter as the market is currently valuing them at £0. GMET & FCM looking like solid investments too and could move rapidly if they continue releasing solid news to market as they have been seen their IPOs both went live.

POW desperately need a few more solid TR1 holders who will take their stakes via the secondary market. The recent placings have put so many shares in the wrong hands, but it only takes a bit of excitement to come back into the stock again for everything to flush out.

Looks like it isn't allowing me to post the Telegram link on here but the group is called "Power Metal Resources #POW" if anyone is interested.

yes there is a pow telegram group which currently has 588 members. link below for anyone interested:

*************powermetalresources

Hopefully Sean can also market the the business over the next few weeks/months and get a few more to invest on the market at these prices. The volumes in POW are just awful at the moment and with the recent placings the float is in all sorts of poor hands.

If Sean can get a few punchy RNS released soon, get just 1 or 2 new TR1 holders, and take advantage of the names at the Rick Rule symposium, then everything should just flush out and POW should see a nice run in my opinion.

Cashed up now for 12 months I would say, at which point about £7.5mil worth of investments (at current market prices) will be free to trade. Not a bad position for a company valued at just £16mil with interests in most of the top 10 mining jurisdictions in the world.