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POW are not alone as others have pointed out in sp dropping. Clearly shows across multiple bb,s . The whole aim market (apart from a very few) is taking a big hit over this last 6 months or so. OK we need a 100% rise to get back upto years high. I suspect I could post many that would need 200,300% and more to get back up to year highs. Ecr orr for example. Others could post many others in the same situation. Like I have said before. The negative ones know this and deliberately play on it. In this current market I have seen companies come out with very good RNS. Yet only go up 15/20%. On a normal (what's normal these days) day you would expect a 30,40+% rise. With ongoing unrest/unease around the world at the moment is not helping imo.
One day off, even so that's close enough. Only been this one a few months, so no where near as long as others. Been frustrating at times (very frustrating) but most of you have stuck with it and the very impressive potential. Just need another 6 months or so more patience to get to the start of mining. Best of luck to all , especially the longer term holders
Power metals and its portfolio that Paul jonson is building. Is NOT about now or next week/month. It's all about building assets and hopefully discoveries of large minerals/metals that will be in demand for years to come. What Paul is building is to cover most commodities. Ie edging his bets. Gold for instance is now rebounding of its lows while others are having a small pullback. As for uranium assets. More and more countries are seriously looking into smaller nuclear reactors. To run along side green energy to fill the gap when wind / solar is not at its peak. Gold is a good edge against inflation, and its coming imo. Followed by interest rates going higher. So if you look into the future, ie next 2,3,5 years. Not weeks. You can see he has covered most sectors for the future demand that will surely come. Many are saying that the commodity sectors are on a bull run, and will continue for decades to come. With the obvious pull backs along the way. Many mines are coming to their end of life around the world. The bigger players depend on exploration companies like POW . To go out and discover the next large scale and profitable deposits. Good quality and high grade deposits which ever they may be. Will be attractive to any of the major companies as they look to the next 30/50 years. Not weeks/months. Will POW ever go into mining ??. Wouldn't think so myself but you never know. But I can see royalties and maybe equity being attached to any sails that might materialise. BUT it's all down to getting boots and the drills on the ground and fingers crossed. Finding the next major discover what ever that maybe. Be it Gold, silver or copper nickel etc. Best of luck to all.
Link to mapping area.
https://www.powermetalresources.com/selta-project-overview-map-2/
Some times when a given company is covered on both platforms. Large trades are spread over both, be they sells or buys. That's the reason you very often see posters saying they're trades not showing if covered on both platforms. Could also be that on company's not covered on both, Large amounts very often pop up days later. With today's Large trades, I make it close to 20mill sold since last RNS with rrr give or take. Maybe not all , but that makes rrr shares down to around 15/17 million left if and its if it is rrr. So with that I would expect them to be finished by end of week early next. Like I said wtfdik
Also this one Keith.
We are particularly interested in the strength of the magnetic readings from where we made contact with the Proterozoic. They were 3 to 23 times higher than what one would expect in common gabbros.
Just an observation. Just looked on the AQSE platform and noticed that a number of large trades going through over there the last few trading days.
https://www.lse.co.uk/SharePrice.asp?shareprice=POW.GB.PL&share=Power-Metal-Resources-Plc. I would guess those would be RRR still selling down and having a negative effect on share price this last week or so. I estimate about around 12/15 million shares give or take been sold across both platforms. That,s since the last RNS stating RRR has sold x amount. Hopefully not many left if it is RRR selling. Book has changed to the upside as i type on low volume. Could be completely wrong of coarse. bwtfdik. Best of luck to all.
To get a placing done in this current market climate is an achievement in itself. Especially at or around sp. When you consider MANY small cap junior miners/explorers have to give 10,20 30% discounts to rise a few hundred pounds. The fact that the bod was not allowed to take part because of potentially inside information. Is a positive imo. Maybe the fact that good IS coming soon. I suspect Paul is chomping at the bit to push forward with some of projects ASAP. Even with the ones that are in a jv. Could of course see other opportunities that need to be snapped up now before it's to late. Who knows.