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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Power Metal Resources Plc | POW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.11 | 0.79% | 14.00 | 08:03:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.75 | 13.75 | 14.00 | 14.00 | 13.89 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 22/4/2024 00:10 by 888icb The Sunday Roast podcast had as its guests Paul Johnson the former CEO before Shaun who remains a large shareholder with 3.7% and Charles Archer who has written reports on POW. There is a lot of very positive talk about POW and GMET particularly how undervalued they both are. It’s a long podcast which doesn’t just discuss POW and GMET but worth a listen as obviously Paul Johnson has some interesting insights having been involved with POW from the beginning. |
Posted at 10/4/2024 12:17 by 888icb Up 6.45% so far in response to todays RNS about the US Listing:“ Power Metal Resources plc (AIM:POW, OTCQB:POWMD), the London listed exploration company with a global project portfolio, is pleased to announce that its ordinary shares of 2 pence each ("Ordinary Shares") have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States ("U.S.") and will commence trading on 10th April 2024, initially under the symbol "POWMD" before reverting back to "POWMF" on or around 23rd April 2024. Trading of the Company's Ordinary Shares on AIM will continue under the symbol "POW", and no new Ordinary Shares have been issued through this process. The Company will continue to make all announcements and disclosures to the London Stock Exchange through the Regulatory News Service and is not subject to any Sarbanes-Oxley or U.S. Securities and Exchange Commission reporting requirements.” It will be interesting to see what happens when the US Market opens this afternoon. |
Posted at 03/4/2024 09:26 by 888icb Positive article below regarding POW:hxxps://www.crown.co |
Posted at 02/4/2024 18:59 by 888icb A positive start to April with the consolidation done and dusted. Up 6.9% to 15.5p on volume of 350000. The CEO is appearing at a live event in London on Thursday. POW is very good at providing regular news flow so I will be surprised if we don’t get some news in the next couple of days as Sean will want to have something new to talk about.GMET was UP 7.9% day which no doubt helped POW’s rise due to POW owning 61% of GMET. I am looking forward to continuing strong news flow from POW and its spun off companies which should lead to a rerate. |
Posted at 02/3/2024 05:56 by fluffchucker1 The consolidation is mainly in prep for the US listing which makes perfect sense given the NA assets of FCM and particularly GMET. The UK investor audience for AIM listed junior mining companies is tiny (and shrinking). Investors penalised POW today for preparing to make their shares accessible to a massive pool of USD base investors who may want a piece of GMET,FCM and POW's other assets. Crazy!!POW with it's innovative approach puts most of the rest of the AIM listed miners to shame. I am buying here in the sales!! |
Posted at 21/2/2024 11:51 by 888icb Rick Rule as I am sure you are aware is interview regularly. One of his themes at the moment is picking early stage exploration companies which are speculative by nature. One feels POW must be one of the companies he has in mind as he has a decent sized investment in it. He has a very strong track record and is very close to serious movers and shakers in the mining industry. He is only really interested in shares that have 10 bag potential so let’s hope POW is going to be one of his winners. POW certainly seems to be progressing well and has a good model to spin off companies which then obtain their own financing instead of POW having to keep raising money. |
Posted at 05/2/2024 13:12 by noirua A good recovery by Power Metal was helped by a GMET recovery even though FCM plunged.Like so many explorers and tenement builders, they need cash from placings regularly down the line. Fortunately Power Metal can raise funds easily which points to the Uranium prospects. The slight downside is POW have no Uranium to sell yet but a tenement could be sold or a partner may arrive to buy into an area. Other than that there is not a Dime of profit or likely to be short term. Overall prospects are high but mainly on a hope and dream-basis. |
Posted at 26/1/2024 13:46 by 888icb The fact that Rick Rule took a 4.5% shareholding in POW at a similar price to the current share price gives me some comfort that I should make a good return. The model they are using of IPO’s with POW retaining a large stake such as 62% of GMET should largely remove the need for POW to raise funds in the near future if at all. |
Posted at 22/1/2024 08:53 by 888icb Stock Box on U Tube YesterdayThere is a new U Tube presentation by Stock Box with a 10 minute section on POW: “Research Talks - Fulcrum Metals #fmet, Power Metal Resources #pow & Anglesey Mining #aym” It gives a full run through of where POW is upto on its numerous projects and what is coming up in the weeks and months ahead. They mention more than once the 3.3p broker target and say just with what we know now it should reach at least 1.5p this year which is a 100% gain from the current share price |
Posted at 10/3/2023 10:56 by the chairman elect Power Metal Resources* (POW LN) 0.9p, Mkt cap £16m – Appointment of New Chief Executive Officer and update on strategy going forward.Power Metal Resources provides an update on its portfolio of projects and its change in leadership The Company has appointed Sean Wade to take over the reins from Paul Johnson as CEO. Sean has a proven managerial track record in the natural resources sector with companies including Berkeley Energia, Pensana and Asia Resource Minerals. He comes from a background of capital markets, including Cazenove & Co and Liberum. Paul Johnson will step down both as CEO and from the Board on the 17th March to focus on certain critical family health matters. Paul comments that he will ‘take great pride in watching Power Metal take its rightful place amongst the leaders’ in the sector. Sean comments that Power Metal ‘has an excellent resource asset set that is yet to be recognised by the wider market.’ Going forward, the Company will continue to execute its strategy of gaining value through spin-out IPOs whilst developing through exploration and resource definition. Power Metal notes that Golden Metal Resources, in which it holds an 83.13% interest, has completed pre-IPO preparations, with IPO financing currently underway. Golden Metal Resources holds the Pilot Mountain project, the USA’s largest known tungsten resource estimate, alongside Golconda Summit, which holds prospective Carlin-style gold mineralisation. First Development Resources, in which Power Metal holds a 58% interest, holds the Wallal project in the Paterson region of Western Australia. FDR is also moving towards IPO, with pre-listing and financing set to begin shortly. Power Metal is also looking to list its Uranium Energy Exploration spin-off, which holds two uranium properties in the Athabasca Basin. Similarly, Power is exploring options for listing its JV New Ballarat Gold Corp, which holds large licence packages over historic working mines in the Victoria Goldfields of Australia. Conclusion: Paul has been the primary driver behind Power Metal’s incubation and development of an exciting global portfolio of prospective and strategic assets and will remain well involved with the Company as its largest shareholder. We wish him the best. We look forward to following the Company’s continued development under Sean and the team’s efforts to generate value from Power Metal’s wide range of assets. *SP Angel acts as Nomad and Broker for Power Metal Resources |
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