Member Info for Tray556

Spot on Bonkers! That declining SP can mess around with emotions, however, it doesn't decline forever and the key here is to wait in my opinion too! Superb foundations laid ... it's time to start the ground floor shortly!

The AIM market in general gets very worried when a company raises money and the RNS message pretty much reads “we will tell you later what the funds are for but it’s really exciting” … in 95% of AIM listed companies this is simply a smoke and mirrors move to protect the share price. I don’t think this is the case here, I think PJ has raised the funds for something urgent (and probably to generally bolster working capital a bit too) and news will be released over the upcoming days/weeks/months. Until that news is released the share price will slide … and rightly so, the current holders want to know why their holding his been diluted by circa 4.5%. The longer the wait, the more sell buttons are getting pressed

That last post was full of "maybe this", "maybe that" and "maybe if" ... PJ has done remarkably well for himself from a personal investor point of view taking around a few thousand pounds in 2009 to well into a few million quid in 2021 based on his POW holding and the balance sheet of his investment company. No one buys at the bottom and sells at the top ... if you think you can then you are absolutely kidding yourself. Sounds like you love to provide plenty of commentary on hindsight ART123 ...

Foundations are in place for POW for the next 5 years .... if you want your 7.5p tomorrow, I can assure you now you have got absolutely no chance in POW .... in 1-5 years time? Its certainly got the potential and that's why quite a few of us are here. Should be plenty of cash raised in 2022 through IPOs and some full scale drill campaigns should be starting across lots of the projects. Doubt we will see much more in terms of financings in POW.

Also the fact that PJ is the highest shareholder in the company and frequently buys on the market is unbelievably key when it comes to investor trust and make POW a great investment case. This is the reason why PJ constantly bangs on about a POW shareholder being safe in the knowledge that they won't wake up in the morning and see an RNS with a huge discounted placing. Dilution for me and you hits PJ a lot harder financially!

I don't want to bang on about GGP on this board but the directors over there hardly buy any shares on the market (similar to 95% of AIM companies) and therefore a company like this will most likely have a board who are looking to profit from the average investor at any moment by getting cheap shares, director options etc.

PJ was buying shares at 2.5p the other month when the price for Joe Bloggs was 2.5p. I'm sure he would be picking up a big chunk at current pullback prices if it wasn't for insider trading rules. I'm sure PJ will be picking up more on the market as soon as he can. 13/14 project packages on the go and a recent £1.05 million cash raise - It's going to be tough to even get a one second window to buy a share as CEO!

Looks like Crypto is having a bit of a pullback and there will be an inevitable GGP pullback over the next few trading days. Could be a brilliant time for PJ to release the news tomorrow that we all want to hear regarding our latest £1.05 million financing. There could be a few PIs in the morning with a bit of cash in their pockets looking for their next investment. A solid RNS with a pathway to where this £1.05 million will be spent would certainly get people getting their cheque books out.

Good to note that GGP's financing is at 14.5p which is around a 10% under their closing price on 18/11/2021. We could do our financing at the latest closing market price in 24 hours with ZERO DISCOUNT. The city therefore see us in a very good light and also shows PJ's respect to current shareholders. Recent acquisitions have also been done with warrants convertible over 100% higher than the current market price in some cases.

Extremely happy with where POW is at the moment - It just needs to push on with these drill campaigns & spin outs and lets build some material value throughout 2022. Who knows with a bit of luck we could have a valuation much closer to £100million in 12 months time (would be around 7.1p at the time of writing this).

Used the word "liquidation" in that last post which should have said dilution!

No and as they are below the 3% TR1 threshold we will never know until they produce their next set of annual accounts. RRR are in a poor cash situation and are unable to raise on the market unless heavily discounted I would imagine, it therefore makes sense for them to cash in their investments to reduce severe liquidation. The also sold a huge chunk of the Jupiter Mines holding. The fact that POW can raise £1million on the market with 0% discount to the previous day's closing price is extremely positive for the near future performance of this company in my opinion. Not many micro-cap juniors can raise without a discount in current market conditions. Happy that we haven't sold our KAV shares to raise cash (we also still have more warrants to potential convert shortly too) as KAV are clearly on a solid path and their company is ran very similar to POW in terms of management, communication and energy. Only a 4.5% dilution and hopefully PJ can release a few RNS over the upcoming days/weeks to prove why we raised at 1.75p as I would have thought we would have not raised a penny at this price unless it was for an urgent opportunity that may have quickly disappeared if we didn't have the extra cash funds.

Looks like a fraction short of 15mil volume today across 79 trades. If this continues all week and price stays static then a large chunk of sellers will be gone by close of play Friday. Then maybe PJ drops the big news next week?

Absolutely spot on! That is arguably the biggest point to take from this latest RNS!

Agree DCGC ... not ideal at 1.75p but the market sentiment appears to be turning and if PJ can turn £1mil into £5mil over the course of a few years then it will be a good move. The POW board could not participate in this raise due to price sensitive info. My gut feeling is that a really positive opportunity with a small window to execute has come up and it was too good to miss. Remember the CEO is the top shareholder here, so dilution hits him the hardest. Still very bullish on this company long term.

Backlogs supposedly ... would be a nice time to release them now ... silver has took off this afternoon!

Looks like RRR have sold down from 45mil to 25mil shares since the latest TR1 update a few weeks ago. Their twitter and website confirms it. Some more big sells today so I think they are selling more. They are desperate for cash and have barely got out of bed in 2021. I think we have to wait for RRR to sell out before we move up. Pending assay results will speed up the sell out process (hopefully!)

We do hold 4mil+ KAV warrants with a conversion price below their current market price so I suspect those warrants will be converted a little closer to the warrant expiry deadline.

Getting mixed up with Kavango Resources (KAV) there! KAT share price is sub 1p at the minute (0.97p)