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Roger's last message from early December for anyone interest:
"Sorry but I've said this repeatedly that if/when the 'children' make discoveries it wouldn't benefit POW, ro at least far less than many believe. GMET out out a very good RNS and even their own sp has risen by less than 1%. The impact on POW?
I happen to agree that .3p is a fairer price the way things look. SW is unable to move anything on at pace so there are better options for investors until there is at least a clear plan and timetable of drilling. SW starting to look to me as if he's already out of ideas. If the sp drops to .4s or lower then I think we'll start to see some punt money come our way. Afraid I still think the US listing is a red herring and will bring us nothing substantive unless of course there is news of a discovery or the price falls off a cliff and there are a few willing to throw some punt money in."
Interesting to see who is filling their boots here in POW over the past few days. Would be interesting to see if its a new holder or just someone topping up. Probably a bit of both.
Nevertheless, if this continues for another week or so ,we could be seeing some new or updated TR1s.
GMET & FCM holding values back up to circa £6mil combined.
Notified pre-IPO valuations combined of UEE & FDR = circa £4mil.
Add the cash in the POW bank account and pretty much everything else (Other U Licences, Tati, Molopo, Haneti, Silver Peaks, NBGC IPO, New Horizon Metals IPO, ION Battery Resources etc.) is in for pretty free at these prices!
Only a matter of time here in my opinion before we see another big buyer arriving like yesterday.
CEO Oliver Friesen purchased just under £7,500 worth of stock yesterday on the market @ 9.35p per share. His total GMET shareholding is now 673,967 (0.79% stake in the company) which is worth circa £60,000 at the closing mid-price yesterday.
So far looks like 22.2mil volume on the day (including AQSE trades). Circa 50% of daily trades printing after the bell! Long time since I've seen this sort of activity. Hopefully POW gets the flush out it desperately needs on the run up to Christmas and early 2024. POW brokers clearly busy today! The +14% increase in price today would suggest most (if not all) of those delayed trades today were buys.
Plenty of POW & GMET chatter over the weekend as wishihadnt pointed out below. Both are well ran quality companies and both leading the way on the markets today in the UK junior exploration sector.
£12-13mil valuation for a company like POW with their large Uranium exposure, 60%+ exposure to GMET's tungsten JORC asset and promising other exploration assets, circa 20% of FCM, Saudi Arabia/Oman updates coming soon, Molopo drilling to resume soon. Seems like an absolute bargain at these levels in my opinion.
CEO Sean Wade joining a special POW feature on The Hive Telegram Group tomorrow evening if anyone is interested.
A very good Telegram group to be fair. Followed it from day one pretty much. The admin team over there take no messing so the chat is really informative! There is a reason they have gone from 0 followers to 3,000 in a matter of months!
I don't think I can post Telegram links on LSE, so if anyone wants to tune in tomorrow to The Hive group's POW feature, there is a telegram link to The Hive group within the POW Telegram group chat.
Good one Roger - "Uranium is the place to be. What I did do was buy £25k worth of GMET last week" ..... GMET have no Uranium assets?!?!
You surely must be a parody account on here! I hope so for your sake anyways, as your research into a company ends at whether the SP is currently up or down. I've said it many times on this board, how you make any money on the stock market is nothing short of a mystery.
Like Doc just said, POW just need to keep plugging away in these poor markets, keep positioning themselves in a financially sensible way, and the market will come to POW in my opinion once favourable conditions return to AIM. When favourable conditions return however is anyone's guess right now.
Cheers Tiggerr.
I've stopped posting on here as much as we are clearly in a dire AIM market. Positive posters like myself just get hammered on these boards now. Just like negative posters on these boards gets hammered in bull markets.
I'll keep pretty much silent now until better conditions arrive. All the while, for the clear points I have made on this board over the past 18-24 months, I'll continue to pick up chunks of shares on a regular basis as I have done for a while now at what I feel are absolute bargain prices.
Saudi Arabia talks continue. POW posted again on twitter earlier today the following:
"Great meeting with Mr Abdulrahman Bander Bin Muhaya, Exploration Development Manager at Saudi Arabia’s Ministry of Industry and Mineral Resources.
We discussed how Power Metal Resources can invest in exploration projects in the Kingdom and received some extremely valuable advice."
POW have tweeted the following this morning:
"Power Arabia roadshow this week already in full swing with CEO Sean Wade and Director Bill Brodie Good heading to the Saudi leg of the trip after great meetings in Oman."
Looks like the POW directors were in Oman last week and are now travelling over to Saudi Arabia today.
Good to see POW getting a foothold in this area of the world and adds exposure to the already vast array of jurisdictions in the POW portfolio. POW just need to produce something tangible from these meetings as the tangible news has been very light over the past 12-24 months. Hopefully something in the RNS feed over the coming days/weeks.
No RNS from the company this afternoon so I think its safe to say that all 84,857,143 Sept-22 2p financing warrants expired today worth just under £1.7mil.
I thought we may see an RNS extending the warrants but it looks as though the company have decided to let these naturally expire.
Trading halt in order to complete a capital raise.
The market values Tati at pretty much zero at today's prices. Just like the market values POW's Athabasca projects (that are not earmarked for the UEE IPO) at pretty much zero too as well as Molopo. Tati & Molopo especially have found hints of what POW are looking for (Nickel & Gold). Certainly not worth next to £0 for me!
With a £16mil balance sheet and £17mil market cap, it screams buy if you think Tati, Athabasca, Molopo etc. hold any promise whatsoever. Yes its all early stage exploration but for me POW are just getting a lot of their projects to "drill ready status". When the markets improve they will have a much easier time of attracting interest through JV's, IPO disposals, outright disposals etc. with more appealing drill targets. At the minute, with AIM markets obliterated, its difficult for POW to attract any attention and they want to conserve capital so that they don't have to raise funds at weak prices again or sell their investments. POW today with probably £1.75mil in the bank and over £2mil in tradable investments (KAV & FCM shares) so sitting prettier than most from a finance point of view.
Great to see POW holding that 1000km2 Athabasca land. The recent Uranium surge (which will almost certainly continue longer term) will see the big boys posting larger profits. Those profits then get used for expansion and M&A activity will be crazy in the Uranium sector. Eventually the increased capital in the Uranium sector will dribble down the chain to the juniors. Unfortunately, the London juniors will most likely be the last to see that capital but they will see it one day if the Uranium sector continues as it does. POW now have one solid drill target in the Athabasca after last week's Helium update. More drill target RNS to follow I would suspect in the near term.
Tati with small drill hits in 2022 of 40g/t+ gold with all infrastructure in place locally for tailings processing and POW have an old working mine on their licenced ground. Again, hardly worth a £0 price tag when markets pick up.
I don't know for sure, its just an educated guess based on price action. It may well be multiple parties. As price is not moving north very quickly, the buyers appears to just be filling a large sell order too so both transactions are kind of crossing each other out at the moment (just another educated guess). The buying patterns are very similar hence why my guess is that this is one HNW individual doing the buying.
Also noted another 4.5mil transaction at 0.83p after the bell today. Looks as though the new background buyer(s) took another 7mil today minimum.
No idea who the background buyer is, but he or she has been buying consistently in large chunks for 2-3 weeks (since roughly the Thor buyout). If this is one HNW individual, I would say they are about halfway towards a TR1 based on my rough calculations.
Price breakout just around the corner as buyer is showing no signs of stopping here.
I noticed this morning on Companies House that Power Capital Investments Ltd is now officially called "Power Arabia Ltd".
POW will most likely need to RNS that name change next week. Will the RNS just state the name change? Or will POW provide a bit more meat on the bones regarding their Saudi / Oman plans as initially announced a few months ago with the appointment of their Arabian consultants (Jaspar Consult)?
Will be interesting if POW do provide more info, as not many UK exploration companies are focusing on that area of the world. A bit of a no brainer to get involved if you ask me (similar to the Uranium licences move a couple of years ago). Get to see POW are looking to be key first movers in the UK junior exploration market.
- Highest volumes on Friday since Sean took over as CEO. Second highest volumes for POW in 2023 with circa 34mil shares traded on the day which is about x7 the daily average.
- A nice 2mil buy posted after hours again at 0.814p to confirm the recent chunky background buyer(s) is continuing to buy in at these slightly higher levels which is also good to see. The new buyer(s) has accumulated at least 20mil shares now over the past few weeks from my calculations/estimates.
- Hopefully momentum carries this stock back to the 1p's in the short term along with some more solid exploration and corporate news updates re the other Uranium licences, Molopo, Tati, FDR IPO and/or UEE IPO.
- Also not forgetting GMET who are back at 10p again which is worth £5mil to POW. Very little news from GMET of late and I've noticed Oliver has been getting excited that the summer period is now over so it would appear he has some possible imminent news to release regarding the GMET portfolio. Any increased GMET SP significantly bolsters the POW balance sheet due to their circa 60% stake in the company.
- Balance sheet value per my calculations closed on Friday at around £16mil vs £16.6mil market cap. £600,000 of potential therefore effectively being priced in to the company and therefore still hugely undervalued in my opinion.