Member Info for Tray556

He is currently in Australia for two weeks as far as I am aware. POW's interests in Australia include:

- FDR IPO

- NBGC IPO

- New Horizon Metals IPO

Could well be looking for a few more interests with £3mil+ in the bank account.

- Largest Uranium land grab on the UK AIM market in premium Canadian territory. Uranium exploration to be announced shortly.

- Rick Rule backing POW to the tune of £800k (4.5% of the business) last month

- £3mil+ in the bank

- £16mil balance sheet vs £16mil market valuation

- Circa 60% ownership in GMET who are about to actively drill the largest under developed Tungsten asset in the US.

- Other investments include TR1s in FCM & KAV & future TR1s in upcoming IPOs of FDR, NBGC, UEE & New Horizon Metals.

- New CEO bought £100k last month

- Ex-CEO bought another £43k last month

- Potential JV talks on POW's district scale Nickel asset at Molopo Farms

- Most warrants/options priced at at least 2.5x current share price.

- CEO attending Rick Rule's symposium next month to hopefully gain some further global investment.

Plenty to like for a company worth £16mil in my opinion!

Https://www.proactiveinvestors.co.uk/companies/news/1017616/power-metal-resources-chief-executive-sean-wade-is-bullish-on-uranium-and-looking-to-do-deals-1017616.html?viewSource=TwitterUK

Key points to note:

“In order to create shareholder value it is important that we bring in new shareholders. But we’re in very good shape now and we’ve got plenty of capital, so we will be looking for our new shareholders in the secondary market.”

“We marketed specifically to Rick Rule, he invested through one of his vehicles. And through his symposium in July, to which POW is acting as a sponsor, we have the opportunity to access a good number of investors from his network.”

"Rule’s overall stake in Power Metal Resources amounts to more than 4.5%, so he is certainly serious about it. He also intends to help Power Metal market in the US, which might well provide some much-needed support in what is undeniably a tough market."

"Another potential deal on the horizon is with the Molopo Farms Complex, the company’s sizeable potential nickel asset in Botswana, where Wade is looking to bring a strategic joint venture partner in to do most of the lifting."

Link to the latest 35min Sean Wade interview with The Market Bull. Sean is currently in Australia and it appears he is over there for the next 2 weeks to discuss the FDR IPO, NBGC IPO and also other Australian interests.

https://open.spotify.com/episode/7M7zdFEu6tVrxIIta2WwaV?si=irCJryVqRteopMgRqpYoMA&nd=1

Sean soon to be going to the US to speak at Rick Rule's symposium too in July 2023. Seems like the global marketing campaign has began as POW seek some new investors.

Cheers Worzel, I only say it how I see it and I do think this stock will come good over time. GGP down from 35p to 7.5p in the same time POW moved from 3.5 to 0.75p. It is the same % drop and that is certainly a strong indicator that the markets & sentiment have played the biggest role in the slump in the POW SP over the past 18-24 months as both POW & GGP have done more things right than they have done wrong over the past 2 years.

When Rick Rule becomes your largest shareholder by throwing in £800k it is something that is being completely being missed by the markets here. He wins far more than he loses in the commodity investment game. He describes POW as an "Energy Metals Merchant Bank" now. I still think POW are part exploration company as well but the focus here is now building the balance sheet. RR seems quite puzzled by the current market valuation of the company but I think RR will provide POW over the coming weeks/months with the necessary PR drive to get buy in from investors. At the moment, everyone is looking at POW, seeing the poor SP performance and walking away. In reality POW are building something quite unique here and once POW get the PR right, I think a lot more will jump onboard.

Get over 2p in the short to medium term and a whole stack of warrants finances the company for at least 12 months+ as I think there are over £5mil worth of 2p warrants in issue. Add any warrants cash to the circa £13mil of listed investments that are either live or at the pre-IPO stage and you have a decent looking proposition for me at these levels where the market values the company at just £16mil whilst POW have that amount on their balance sheet today. When no potential is priced into a company with Rick Rule holding a TR1, it's certainly worth a top up for me!

As always, more people buy in as the SP moves up. I can never understand that investing mentality but never mind. The top up of around 600,000 shares I did at 0.718p last week is already up 10%.

Sean Wade speaks with Rick Rule - YouTube link below.

https://www.youtube.com/watch?v=BPwRfYAd8jg

Personally just a POW shareholder since mid-2020. Bought entirely on the market between 0.71p all the way up to around 1.8p ... average is somewhere in the 1.2p's. Never taken part in any placings to date and therefore hold no warrants. Happy with POW's large % stake in each of the spin outs, so happy to take the less risky approach of just holding shares in the top co.

Roger you've just gone from saying "And if anyone mentions f..ing IPOs I’ll scream. Honest! They’re touted as something positive but pretty much everyone I’ve witnessed here over the last three years has had negligible if any impact.", to actually giving a half decent analysis (for you anyways!) of how the IPO model works and benefits POW holders.

All the work that is going on over at GMET now costs POW absolutely zero cash (just dilution if GMET raise on the market). It cost POW around £1.5mil in equity to get the Pilot Mountain flagship asset and then bring on a few other early stage looking gold projects. Maybe add in another £750,000 in total legal fees to get the IPO spun out and that's a cost to POW of £2.25mil. Today, POW's investment value in GMET is £3.55mil if I take the mid-closing SP today of GMET. In profit so far of £1.3mil as it stands. Yes, POW are locked in for 12 months and cannot sell but they have today turned circa £2.25mil into £3.55mil, but of course its all a load of rubbish. Push that Pilot Mountain mineral resources estimate up a bit with a few better Tungsten strikes in the near future and some serious US mining companies will be setting their eyes upon GMET. The IPO funds will easily fund a drill campaign there and that will almost certainly be announced shortly. The drill campaign will be far more extensive too if GMET can get access to some chunky US grants.

GMET just took on a company advisor who has contacts directly with he US government. She was happy to take all payment in equity at 8.5p for the next 2 years (circa £34,000 per year's worth of equity at 8.5p). The advisor also heavily invested in the pre-IPO & IPO stages of the GMET listing process and owns (with her husband I think) the Mega Company that now holds circa 4.5% of GMET. They certainly seem positive they will get a few US grants and considering it is the 4.5% shareholder's direct responsibility now to secure those grants, its certainly a good sign.

Whilst everyone moans and doesn't want to go anywhere near POW or any of their "IPOs or I'll f***ing scream". I'll continue topping up at these prices until POW makes the obvious move here back into the 1p's and beyond.

POW have circa £3mil in the bank and brought Rick Rule on board recently, the very reputable commodity investor from across the Atlantic. POW will shortly be focusing on their Uranium assets and Rick Rule was instrumental in the setting up of the Sprott Uranium vehicles. He is now the largest POW shareholder (with 4.51%) and certainly doesn't think this is a terrible punt, the complete opposite in fact.

Global exposure shortly for POW with his contact book and he is a top draw cornerstone investor and likely now for more to follow him. The POW CEO is speaking at his well known event in July in Florida which has guest speakers associated with $250mil+ valued commodity firms, key brokers, large investors etc.

On top of the £3mil in cash, POW have access to several millions of £s through their strong investment building over the past 18-24 months if required. POW has more cash than 95% of AIM listed juniors valued at £15mil or below.

Investors like yourself who clearly do little research into stocks before posting on the boards and panic selling their shares at the slightest drop of the SP has all brought the POW SP to where it is today. I'll keep buying more until the market wakes up.

Lets just analyse your latest crazy post Roger ....

"MFC was imo a waste of time and money" - hindsight a wonderful thing Roger! If everyone hit bonanza grades with the drill bit, there wouldn't be a commodity market! 99% of companies hit absolutely nothing.

"The IPOs have all pretty much done nothing for POW" - POW have built the balance sheet from almost nothing to circa £17mil mainly due to the IPO investments which is more than their current market valuation (currently £15mil market cap!). This allows POW multiple avenues to finance in the medium/long term. The IPOs are all in very early stage and are still cashed up and more active than most exploration companies on AIM right now. Some will do well, some will do poorly.

"Despite all the hype, and recent bits of drilling news such as today’s is repeatedly falling on deaf ears in the investment market." - Rick Rule bought £800,000 of POW shares 2-3 weeks ago (4.51% of the shares), he's multi multi millionaire with a huge success rate in this industry with the likes of Sprott etc. POW can now boast that their biggest shareholder is Rick Rule.

Just because the SP isn't on the move in the short term you think the business is having a nightmare. Take a look at 99% of the companies around POW, they have fallen in line with POW or doing even worse. Not a whole lot are doing better than POW.

POW are building the business very nicely, the addition of Rick Rule and the wealth of contacts & knowledge he has is key. More key investors will jump on board soon enough and follow Rick. It is all about buying this stock when the market hates it and I took another 500,000 @ 0.7179p yesterday.

Soon enough the market will fully understand what POW have been building over the past 18-24 months and how their model differs to most junior explorers and a big re-rate will occur. Market conditions currently not helping things but POW are positioned very well for when the market gives them a fair wind.

July 23rd - July 27th in Florida. Not sure of the specific date that Sean will be doing his speaking slot but he is listed as a speaker at the event.

It costs $600 just to get in or $250 for view only access to the symposium online!

Very impressive list of speakers including plenty of $250mil+ global exploration companies, large investors, key brokers etc. POW about to get the global exposure they need (and fully deserve!) to push this business on.

Rick Rule's company post their TR1 showing a 4.51% holding in POW after buying 93,047,059 @ 0.85p in the recent placing. Now the largest shareholder with circa 11mil more shares than Paul Johnson.

This is some solid endorsement in my opinion and price is still over 10% lower than the price Rick Rule bought in at.

These are the 2p warrants associated with the 0.85p placing the other day.

They have a 5 year life but I think POW initially stated their expiry date was 5 years from the placing RNS date rather than 5 years from when the placing shares hit the market which must have been 14 days after the placing RNS (this is completely normal).

Today’s extended warrants RNS was simply a minor correction as POW stated the wrong warrants expiry date.

Another 510k top up @ 0.7179p (posted on the AQSE) this morning for me:

- Price I got was lower than PJ's average (PJ's average around 0.72p) who is currently the biggest notified shareholder in POW (may be Rick Rule in the near future if a TR1 is posted).

- Price was over 15% lower than the recent 0.85p placing which Rick Rule participated in heavily. Price only suppressed here as some placing participants sell at a small loss to only hold warrants moving forward.

- Not a single warrant/option lower than this morning's SP apart from 5mil delayed 0.7p board warrants which have to expire this time next month (final deadline was set and these are held by Ed Shaw).

- POW about to rub shoulders with some of the global big boys in a few months at Rick Rule's symposium plus surely other big marketing opportunities now.

- News to come from multiple fronts with circa £3mil in the bank and cashed up for 12months+ in all likeliness. I get the feeling Sean will use this cash to line up a few impactful RNS.

The link is below if anyone is interested who POW will be rubbing shoulders with in the next few months:

https://opptravel.zohobackstage.com/TheRuleSymposiumonNaturalResourceInvesting2023#/speakers?lang=en

Good to see POW on the list of speakers on Rick Rule's symposium website planned for July 2023 in the US. Some very large key speakers on there, some of which are associated with $250mil+ market cap companies in the global mining industry.

POW should shortly have some new global exposure and fresh investors with Rick Rule on board and the influence he brings.

Currently POW are just in the painful phase of seeing some placing shares get sold so some placing participants can hold free warrants moving forward. Hopefully this phase is coming to an end and then with the SP so low and almost every single warrant/option outstanding so far out of the money, the SP should start to trend back in an upward trajectory shortly as POW are now cash up for 12 months+.

Rick Rule has decided to pick POW out of hundreds of possible UK junior exploration companies on the UK market ... seems unbelievably strange that the market is ignoring this and I feel a much better second half to 2023 is to come.

Over the past few days, I’ve noticed that FDR and GMET have posted a full list on Companies House of the pre-IPO shareholders in the business. I’ve listed some key pre-IPO holders below. As GMET has now gone live, most likely some of the below names have taken more in the actual IPO stage of the financing process:

Gervaise Heddle (ex-GGP CEO) – Participates £25,000 in both GMET & FDR pre-IPOs. He must surely hold some POW shares too and made several £millions from GGP.

Paul Johnson – Via his investment company has invested £50,000 in both pre-IPOs. This is on top of the £600,000 invested in POW to date.

Tristan Pottas – Participated £20k in the pre-IPO of FDR. He is the company’s CEO

Australian Private companies – Two separate private Australian companies participated circa £222,500 each in the FDR pre-IPO. Significant amounts! In total around 6-7 Australian private companies took £650,000 of the pre-IPO funding which is over 50% of the pre-IPO amount raised!

Zaf Quraishi – POW’s 2nd notified biggest individual shareholder (maybe third now behind Rick Rule!) has participated £30k in both pre-IPOs.

Oliver Friesen – Participates in both the GMET & FDR IPO but strangely puts more money into the FDR pre-IPO!

Michael Billing – The ex-Thor mining board member who was involved in the acquisition of Pilot Mountain and pushing on the exploration work for the Tungsten JORC at Pilot Mountain a few years ago takes £20,000 in the GMET pre-IPO. Also on the GMET board now.

Ed Shaw – POW board member, participates £10,000 in the GMET IPO.

James Tosh – Heavily involved in a number of areas of the POW business and is the director of Power Capital Investments & ION Battery Resources. Takes £15,000 in both GMET & FDR pre-IPOs

Ian Bagnall – A large POW shareholder also heavily participates in both pre-IPOs

Alan Green – Holds POW shares as well as participating in the GMET & FDR pre-IPOs to the tune of £10k in each. Maybe he provides almost free media coverage due to his stake across the business?

Michael Joseph – A large POW shareholder who participates in most POW financings has taken £50,000 in FDR.

There is a small chance that could be the case, however, this is Rick Rule we are discussing and he doesn't tend to operate in that manner. That was also backed up by the email I received from Rick Rule personally today giving POW credit for their business model which he believes in and has had past successes investing in companies with a similar business model to what POW have setup. He also feels that their model should do well on the London Markets in time.

All we know is that Rick Rule has taken between £500,000 - £1,000,000 at 0.85p per the RNS. With no TR1 in place we can only assume that he has taken less than £525,000 which I pointed out on my previous post.

Rick Rule is unbelievably critical of lifestyle companies and he holds a solid reputation as a successful commodities investor so for me it is great he is on board and potentially as the biggest shareholder. My guess here would be that Rick Rule is in this for the medium to long term.

In terms of the specifics of the deal, I am not too sure how long the agreement stays open for. For example, could Rick Rule buy £525,000 now, stay under the TR1 limit and then come back for the other £475,000 at a fixed price of 0.85p at a later date? I'll put it forward to the company and see what their response is.

Overall, the fact that Rick Rule is onboard is a huge positive in my opinion.

At the time of the latest placing which a company controlled by Rick Rule participated in, the shares in issue stood at 2,058,421,913.

2,058,421,913 x 3% = 61,752,658 POW shares before a TR1 is required.

According to the wording on the RNS, Rick Rule would buy between £500,000 and £1,000,000 worth of 0.85p placing shares. No more specifics as far as I can see have been given regarding how many shares Rick Rule actually took.

At 0.85p per share, £500,000 worth is only 58,823,529 shares and therefore Rick Rule could take up to around £525,000 worth of POW shares in the placing without having to file a TR1 and breaching the 3% holding of 61,752,658 shares.

The wording in the RNS is quite vague. I am not too sure if Rick Rule can buy say £500,000 now and £500,000 at a later date for example as no specific details are given on the "Subscription Agreement" that seem to have been signed between POW & Rick Rule. With no TR1 filed, we can only assume at this stage that he holds less than 61,752,658 shares (£525,000 of stock).

Of course, another likely reason for not seeing the TR1 is simply because it hasn't been filed yet and he may well have taken the full £1mil worth of stock which would put him as the largest shareholder above Paul Johnson (who now holds 82,250,000 shares / circa 4%) with a holding of 117,647,059 shares or circa 5.71% of the company.

I dropped Rick Rule I quick email yesterday just to see if he would respond. I basically asked him what the main reasons for his recent POW investment were. I got a short snappy response this morning stating the following:

"When I was much younger, I applied Power Metal's business model extensively, and did quite well. I like to invest passively in the top co, not the spin co’s. I believe London has room for this business model"

I cannot say for sure if the response came from Rick Rule directly, or a member of his team but the response did come from his main Rule Invest Media email address. What we do know for sure is Rick Rule doesn't get too much wrong!