Member Info for Tray556

POW tweeting both Saturday and Sunday this weekend regarding Silver Peaks. 11 out of 10 for dedication and some pretty good footage as well including a great explanation video from Oliver Friesen who was at the project site last week. Well worth checking out if anyone hasn't watched them.

As much as we can all have a grunt and a moan about the current SP … the board and POW team clearly have a lot of respect for their shareholders.

Would be surprised if we don't get a "next steps" RNS regarding Silver Peaks over the next week or so.

To confirm Bitcoin, I am not Paul Johnson but I'll take it as a compliment that you think I am :)

I wish I did hold 76mil shares at an average of 0.73p but I don't even have a tenth of that holding or that average! I also don't have the balls to run a Public Limited Company!

The only similarity I can think of between myself and PJ is that we are both chartered accountants and from the North. The market is missing the fact that POW are building a serious balance sheet here through spin outs and disposals. It is a clear path to potential self-sustainability which all companies strive for. In the junior exploration sector it is rare sight as the modus operandi of most AIM listed exploration companies is raise, explore, raise more, explore more etc. etc.

With POW I am not saying another raise isn't on the horizon but with a strong balance sheet the options for POW to get their hands on more cash will not be restricted to raising funds on the market which is a massive positive.

The 0.75p warrants are now done with and the overhang of sells from the mid-July conversion deadline appears to be done with too. Maybe the share price sees a nice move up in the next few weeks/months as the selling pressure from those warrants subsides.

FYI going through the Sept 21 RNS feed regarding the Uranium acquisitions, the first SEVEN properties were purchased for a total staking cost of C$14,458 which at that time was around £8,250. That took our staked ground at the time to 241km2. The Reitenbach property area is circa 34km2.

Based solely on area alone, that property cost us circa £1,164. A £360,000 disposal is a significant profit. 309 times what POW paid for it just 11 months ago!

Apart from some historic data review work / data room analysis, POW have spend very little cash on this project to date. POW will now hold a 40-55% stake in yet another IPO vehicle coming to market this quarter. And that's another project which can be pushed on by someone else whilst POW just sit back and do not need to spend another penny.

Plenty to like about this model in the medium to long term in my opinion. There is just zero focus on the sector at present but that can all change in a heartbeat.

Huge Panther Metals placing this morning representing almost a quarter of the company's share capital! Also at a 12% discount to the closing price yesterday and warrants only 35% higher than the current SP.

Tough markets but I don't think this sort of thing sits well with existing shareholders whatsoever. It just absolutely crushes any faith in management. Not saying POW will not have to raise again in the short term, but at least PJ is building the balance sheet to give POW plenty of financial options when it comes to getting hands on cash through spin-outs and disposals moving forward.

Once all the planned IPOs go live and assuming our current investments don't move in value, POW will have access to circa £11.6mil in cash once all lock in agreements have expired. A much better position than a lot of junior exploration companies valued at sub £15mil and a path is slowly getting carved to self-sustainability.

To reiterate again, POW as at 29th July 2022 has a market cap of £14,221,987

INVESTMENTS (£3,442,730)
First Class Metals PLC – 18,516,097 @ 10.75p = £1,990,480
Kavango Resources PLC – 69,500,000 @ 2.05p = £1,424,750
Katoro Gold PLC – 10,000,000 @ 0.275p = £27,500
TOTAL VALUE OF SHARES HELD = £3,442,730

PRE-IPO ASSETS (£8,387,000)
Golden Metal Resources PLC pre-IPO Valuation = £3,325,000
First Development Resources PLC pre-IPO Valuation = £2,562,000
New Ballarat Gold Corporation PLC pre-IPO estimate = £2,500,000
VALUE OF PRE-IPO STAGE ASSETS HELD = £8,387,000

CASH BALANCE (£1,000,000)
Approximate balance based on recent quarterly reports & warrant conversions = £1,000,000

9 FURTHER PROJECT PACKAGES – DIRECTLY HELD BY POW

Molopo Farms 88% - High grade Nickel found on maiden drill programme
Haneti 35%
Silver Peak 30% - Bonanza grade silver found in recent drill programme
Tati 100% - Near Surface gold found in recent drill programme
Gawler 100%
Alamo (up to 75% earn-in)
Authier North (up to 100% earn-in) – Licence next door to Sayona Mining.
Athabasca 100% - 10 licences totalling 721 Km2
Togo 100%

SUMMARY OF MARKET VALUATION
INVESTMENTS (£3,442,730) + PRE-IPO ASSETS (£8,387,000) + CASH (£1,000,000) = £12,829,730
The market therefore values the above 9 directly held assets at approximately £14,221,987 - £12,829,730 = £1,392,257 (or £154,695 per project package!)

FCM finished 10.75p at the mid-price. FCM & KAV shares alone now worth £3.5mil. Add FDR, GMR & NBGC worth circa £8.5mil at the pre-ipo stage so I make that £12million in total. Add in the £1mil which we should have in the bank after the recent warrants flush and that leaves £1mil for "the rest" as the POW market cap is £14mil at close! "The rest" consists of:

Molopo Farms 88%
Haneti 35%
Silver Peak 30%
Tati 100%
Gawler 100%
Alamo (up to 75% earn-in)
Authier North (up to 100% earn-in)
Athabasca 100% - 10 licences 721 Km2
Togo 100%

Pretty silly valuation but looks to be another clear seller in the mix which isn't helping things ... The last big chunk sold today at 0.9p (3:51pm) was 460,526. A Bell's total 0.75p warrants were 4,210,526 ... possibly the infamous Andrew Bell finally fully selling up after dumping over the past week or so?

FCM now available to trade on HL

First Class Metals to float on the main market from 8am tomorrow (29/07/2022). Looks like opening price will be 10p per share.

SHARES IN ISSUE 65,672,055
POW HOLDING 18,516,097 (28.19%) = £1,851,610

POW sold their Hemlo assets to FCM in September 2021 for this 28.19% stake. The Hemlo asset originally cost POW £250,000 so pretty much a 7.5x profit with the share price at 10p. PJ slowly starting to prove the POW model but POW still has a long way to go.

The above values FCM at £6.56mil ... I'm not sure I agree with that if POW are only valued at £13mil! I think that is largely due to the fact that POW are so undervalued. I think this is mainly due to the unique model POW are trying to operate as well as the poor market conditions. Add FDR, GMR, NBGC into the mix over the next few months and there is no way you can classify POW as a £13mil company as they will have that amount on their balance sheet in listed investments alone never mind their multiple directly own projects across the globe.

Metals starting to move up again and appear to have potentially bottomed out. Hopefully volumes start returning to the junior exploration sector as the last 18 months have been extremely painful!

I'm sure your constant moaning (with almost no evidence to back up the moaning apart from a falling SP) on a public share board will attract lots of new investors to POW and get that share price moving again .... NOT!

There were simply financing warrants so I'm 99.9% sure they hold no lock-in restrictions. Warrants regarding recent project acquisitions may have lock-in terms which will differ from deal to deal.

I could be wrong with regards to the date, however, this is the first time since around mid-July 2020 that all outstanding warrants/options within POW are set higher than the current market share price. There are a few delayed board owned warrants at 0.70p and 0.75p that have been delayed until 31st December 2022 due to price sensitive information being held by directors.

Due to the above, the obvious selling pressure that has been around for at least the past 18 month should dramatically subside. Obviously buyers will need to come to POW in significant volumes to push this price back to where a lot of current investors see this company which is a lot higher than 0.85p / £12.5 market cap. Even the CEO's average is 0.73p (or 0.76p if he converts all his delayed warrants/options).

The average warrant/option outstanding in POW is now valued at around 2.55p which is 3 times the current market share price. This clearly adds to the positive investment case for a potential investor.

The market conditions at the minute are not exactly attractive, however, PJ and the team will not change their stance and will continue to push the business forward at pace, releasing news on a weekly basis as they have done for the past 2-3 years. Very reassuring to see PJ and the team act exactly the same in a bear market as they do in a bull market where newsflow and investor relations are concerned.

The second half of 2022 should see a number of IPOs go live and plenty of drilling programme and corporate deals could come to rapid fruition. With a bit of luck with the IPOs and drill bits, a few large buyers could move this stock very quickly back to the recent highs of Jan 2021 in my opinion as a minimum.

"It is a common practice within the Tati Greenstone belt, to excavate and truck historical fines dump material to operational processing plants, as these modern plants are capable of extracting gold from lower grade material rendering historical waste as potentially economic. This possibility is being investigated further as a potential source of low-cost near-term revenues to help fund more extensive and expeditious exploration activities."

Early days at Tati but is this a potential POW revenue stream for the near-term? Add this to the IPO model and it's a further small step forward to being financially self-sustainable over the next few years.

4 trading days left until the 0.75p warrants are out of the way. Another 17mil shifted this evening bringing in circa £130k. Most of the remaining 0.75p warrants are now in sticky board hands.

From 21st July onwards we should actually get some share price movement off good news. For the past 18 months any good news has just been an excuse to dump warrants and its been clear to see on the daily trades.

The warrants have ultimately allowed POW to build an impressive foundation / springboard for future years. Surely rock bottom prices around this mark hence why I took some more today but who knows. Its clearly good value and will be interesting to see just how price moves from 21st July with no sub-market price warrants in the mix.

Next big batch of warrants appears to be around the 3.5p mark. All early POW investors at that point will not mind if POW are in a position in the next few years where 3.5p warrants are getting converted. 17mil @ 3.5p = £595,000 so a material amount and all the early investors will be in profit at that point!

3.5p feels miles away at the minute but POW hit that price 18 months ago with a fraction of the portfolio it has now. I'm sure once the economic uncertainty as a whole settles down a bit POW are primed to do very well. A well ran company with a solid CEO and plenty of good things could happen over the next 2-3 years.

Personally just bought more this morning for my SIPP. Some would say that's rather crazy, however, I am in this one for the long term. The 660k, 625k & 250k are all buys from myself (not sells showing on LSE!).

Full confidence here in PJ and the management team moving forward. Nicely balanced risk portfolio of multiple assets across several key commodities & jurisdictions in the junior exploration space. Some assets will be held directly and funded via POW. Some assets will be held indirectly and therefore POW just take a stake in another company and watch that company grow without having to contribute any cash.

CEO also holds £500k himself and the team appear to be sticking in 70 hours weeks. Just a case of waiting for the market to turn which is the million dollar question. POW well positioned for that event. Company now worth £13mil. Investors were piling into this stock when it was worth £30mil 18 months ago. I'm sure that will happen again at some point. I've taken a large position ready for that event.

The reality of this deal with KAV in today’s RNS is as follows in my opinion:

1) POW now have a circa 14% stake in KAV (69.5mil shares) worth approx. £1,250,000 at 1.8p (today’s mid SP) instead of a 50% direct project interest in the Kanye JV KCB assets.

2) POW no longer have to contribute a single penny moving forward. KAV have to find all the funds to push the project forward.

3) POW’s 14% interest in KAV also exposes POW to the potential in KAV’s other assets which they are looking to push on.

4) KAV make a big commercial discovery then it’s a win/win for everyone but KAV would be by far the bigger winner now. KAV don’t make a commercial discovery then its going to cost KAV a lot of cash for no reward. POW’s losses in this event are only capped to their investment in KAV.

5) If the market turns and KAV push to 10p (which everyone was talking about 12-18 months ago!) then it’s a £6,950,000 investment value for POW which is about 55% of our current market cap!

6) POW could sell that investment for £6,950,000 a few years down the line and no raises will be happening in POW for a long time. Do the same with GMR, FDR, NBGC, FCM over the next 2-5 years and its a sustainable dividend paying junior exploration / exploration investment company

7) PJ picking up projects for pennies, de-risking the projects and exposing us to a huge basket of potential value events. I like it, but it's not for everyone. Plus everyone is sceptical of any deal in a bear market.

8) KAV hit a monster strike and the valuation goes to £500mil then POW have 14% of that and its £70mil on the balance sheet and we are all rich as POW holders without spending a penny of POW's cash

9) You always need a discovery to make huge returns in this game. Why not let other companies pay for it and just sit back and watch the drilling unfold. We will always own a handful of assets that we can maintain and finance comfortably

Well said Aquae and the post of the day so far on LSE! Emotion gets to us all in these poor times and we all get too excited when the market is buoyant. The few negatives outweigh all the positives and unfortunately the Roger's of this world decide to post on here negativity with minimal evidence to back up their claims other than a falling SP and a bit of a moan. A paper loss can quickly turn into a paper profit in this sector once the tide turns and I'm sure AIM sector veterans will agree. On the flip side I upsized and bought a house 18 months ago and I'm currently sat on an £80k paper equity profit as the housing sector is doing well at present. It's totally meaningless if I don't sell the house which I have no plans to do so as I like the house. I like POW for several reasons, they are setup well for future years, passionate management, a clear path to self-sustainability through IPOs etc. etc. so the same approach applies.

According to Paul Johnson's twitter page he was in the office at 5:50am this morning! The dedication he has to the company is second to none.

Just a waiting game now for the IPOs to start rolling out, the behind the scenes corporate work to come to market and for shareholder value to start getting some real traction as the balance sheet grows.

Very difficult to say this company is not worth a considerable amount more than its current £17million market cap. I think if you disagree then you do not understand the POW unique business model fully. Unfortunately this is the case with a lot of potential investors at the moment in my opinion hence why the buying pressure has subsided significantly in the last 12-18 months. Once potential investors get a better understanding and can see the business model clearly working and market sentiment is not on it's knees. POW is well positioned to do well over the next few years.

Also worth nothing that from mid-July 2022 onwards, almost all warrants in issue will be above the current market price.

If you are referring to the 2x 29.8mil sells posted on here its a matched book transaction. Therefore its 1 buy and 1 sell and someone is simply tax planning. Never ever look on here for buys and sells. They are wrong the majority of the time. If price is 1.15p/1.20p then anything below 1.175p will be showing as a sell and anything above will be showing as a buy. In reality this is not the case.

- 88% interest in Molopo Farms Complex with known solid Nickel Grades

- 7 Canadian Uranium assets in a key area which POW paid around £50k for. External interest in the 7 projects has been confirmed on Q&A’s with the CEO and individual data rooms for each of the 7 projects are being prepared.

- Haneti results pending in an area that has 13% Nickel grades when sampling was being done.

- Golden Metal Resources IPO coming to market shortly (marked for Q2 2022). Most likely £5-10million of drilling expenses raised to hit the Pilot Mountain JORC asset that GMR hold. All eyes on the Tungsten grades there due to the requirement for Tungsten in military/defence equipment.

- First Development Resources IPO coming to market shortly (marked for Q3 2022). Most likely £5-10million of drilling expenses raised to hit the Haverion style targets. New director over at FDR recently brought in with a Geology background and has recently worked at GGP in the past.

- New Ballarat Gold Corp IPO coming to market shortly. Most likely £5-10million of drilling expenses raised to hit several Aussie gold targets is historically bonanza gold areas. Pre-IPO drilling also happening at NBGC.

- First Class Metals IPO – Coming to market hopefully within the next few weeks. POW hold a Pre-IPO holding of circa £1,000,000 of stock.

- Tati – Near surface solid gold results from the drilling campaign at the back end of 2021. More licenced ground now acquired on the back of those results with updates coming shortly.

- Authier North Project – A Lithium land grab next to Sayona Mining in 2021. No further exploration work done on the property as of yet, however, Sayona Mining have a market cap of about £1.2billion and have increased their SP around 2,800% since the end of 2020.

- CEO – Biggest shareholder and constantly buys on the market when possible. Also the most approachable CEO on AIM and replies to calls, emails and text messages whenever shareholders have queries.

- Confirmation on a previous Q&A with the CEO that the company are looking to double the size of the board. A new chairman to be brought in shortly.

- Director options RNS today with the CEO stating on Twitter “The options are at 3.25p well above the SP now, & have an extra hurdle - we need to hit 5p before they can be exercised. Totally aligned with shareholders on every level.”

ALL FOR A MARKET CAP OF £20MILLION – RATHER CONFUSING IN MY OPINION

Ditau i10 update

Kavango confirm the completion of the first diamond drill hole at the Ditau Camp Project, Botswana, hole DITDD003 (the "Borehole").

The hole was completed to a total depth of 300.14m, which the Company's technical team believes has tested the geophysical target at this specific location.

The Borehole intersected units including a breccia of 20.44m from 83.90m, and a dolomitic carbonate rock from 154.89m. This latter may contain stromatolitic features. Kavango's technical team is now assessing the provenance of the breccia unit, which it believes may represent either a weathered carbonatitic ash flow or a weathered Dwyka tillite.

In addition, a 7.16m intrusive, considered to be a dolerite, was intersected from 247.73m.

While the provenance of the breccia unit is uncertain the Company has performed some initial portable X-Ray Fluorescence ("pXRF") readings on the matrix and larger clasts, with a view to comparing these with both carbonatitic ash flow and also unweathered Dwyka tillite. The Company has access to recently drilled Dwyka tillite in the region and will use this data to as a comparison against readings from the breccia in the pXRF checks. Subsequent to this core from DITDD003 will be cut and sent to an accredited laboratory for whole rock analysis with petrological work also carried out on selected samples.

Hole DITDD003 is one of six planned boreholes in the current programme. The drill rig is currently being moved to the pad for the next hole in the campaign, DITDD004.