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POW Power Metal Resources Plc

14.00
0.11 (0.79%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Power Metal Resources Plc LSE:POW London Ordinary Share GB00BMFSSJ73 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.11 0.79% 14.00 25,107 08:03:54
Bid Price Offer Price High Price Low Price Open Price
13.50 14.50 14.00 13.75 13.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 37k -2.26M -0.0010 -140.00 309.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:31:50 O 6,980 14.19 GBX

Power Metal Resources (POW) Latest News

Power Metal Resources (POW) Discussions and Chat

Power Metal Resources Forums and Chat

Date Time Title Posts
25/4/202406:50POWER METAL RESOURCES PLC 2,641
12/9/202307:37why maestro has plunged into POWER METAL RESOURCES1
24/12/202108:47POWER METAL RESOURCES PLC44

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Power Metal Resources (POW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:31:5114.196,980990.46O
11:18:1314.109,1721,293.02O
10:56:0713.671,417193.72O
09:39:2413.67506.84O
09:04:0614.24709.97O

Power Metal Resources (POW) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Power Metal Resources Daily Update
Power Metal Resources Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker POW. The last closing price for Power Metal Resources was 13.89p.
Power Metal Resources currently has 2,213,468,324 shares in issue. The market capitalisation of Power Metal Resources is £309,885,565.
Power Metal Resources has a price to earnings ratio (PE ratio) of -140.00.
This morning POW shares opened at 13.75p
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 01/3/2024 11:12 by danmart2
Wages are too expensive for a company with POWs market cap.

If the board really do believe in the potential of POW, take a wage cut and incentivise themselves with future shares after achieving share price growth.
Posted at 01/3/2024 10:51 by noirua
An increased share price would look better as far as United States investors in Power Metal are concerned though a quotation on NASDAQ would be far better but the process is quite expensive.

UK investors on AIM have seen very many consolidations in the past that just give the share price a chance to fall further which so often has been proved to be the case. Paying for a new asset in shares means the company is running down its cash so be on guard.

Financier Rick Rule has put in cash but would the 'Sage of Omaha'?
Posted at 01/3/2024 10:30 by 888icb
There is some negativity on the other bb regarding the consolidation and presumably that is the reason for this morning’s share price fall. It is in fact intended as a positive move.
The share consolidation will have no impact on the value of the company ie the market cap of the company on the day of the consolidation will remain the same as will the value of individual holdings. Just read the RNS:

“ Proposed Share Consolidation

The Board is of the view that it would benefit the Company and the Company's shareholders to reduce the number of Existing Ordinary Shares in issue by consolidating the Existing Ordinary Shares on the basis of 1 New Ordinary Share of 2p for every 20 Existing Ordinary Shares of 0.1p each ("Share Consolidation"). This is expected to assist in reducing the volatility in the Company's share price and enable a more consistent valuation of the Company, making the Company's shares more attractive to institutional shareholders.

The effect of the Share Consolidation will be that shareholders holding Existing Ordinary Shares on the Company's register of members at 6:00 p.m. on 26 March 2024 will, on the implementation of the Share Consolidation, hold:

1 New Ordinary Share for every 20 Existing Ordinary Shares held on 26 March 2024.

The Share Consolidation requires the approval of the Company's shareholders by way of ordinary resolution at the GM ("Consolidation Resolution"). Accordingly the Directors unanimously recommend shareholders to vote in favour of the Consolidation Resolution to be proposed at the GM.

As all shareholdings in the Company will be consolidated, the number of ordinary shares held by each shareholder will be reduced as a result of the Share Consolidation, but the percentage of the total issued ordinary share capital of the Company held by each shareholder immediately before and following the Share Consolidation will, save for fractional entitlements, remain unchanged.”

Particularly note that it is being done to reduce volatility in the share price and enable a more consistent valuation of the company and make it more attractive to Institutional Shareholders
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 Yesterday
There 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 06/11/2023 14:12 by apotheki
Power Metal still likes Kavango but sells all shares back to execs

(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company.

Kavango is a metals exploration company with assets in Botswana and Zimbabwe, while Power Metal is focused on North America, Africa and Australia.

On Friday, Kavango's Chief Executive Officer Ben Turney purchased 6.3 million shares for 0.8 pence each for GBP50,000 in total. At the same time, Non-Executive Director Peter Bee acquired 63.3 million shares for the same price, totalling GBP506,000.

On Monday afternoon in London, Kavango shares were up 6.3% at 0.85p each. Power Metal shares were down 2.4% at 0.61p.

Power Metal raised GBP556,000 in cash for this disposal of its shares in Kavango to bolster its cash reserves and fund its "high impact exploration initiatives".

Power Metal said it has retained 60.0 million warrants to subscribe for new shares in Kavango, which will expire on January 8, 2025. Of these, 30.0 million have an exercise price of 4.25p each while the other 30.0 million are priced at 5.5p each. It also holds a 1% net smelter return royalty respecting the project licence footprint in the Kalahari Copper Belt and the Ditau Camp projects it and Kavango previously held in joint venture.

Chief Executive Officer Sean Wade reassured investors: "Whilst we would describe our holding in Kavango as non-core our disposal does not reflect any negative view of their business or their ambitions and we wish them well in their endeavours.

"Our priority however is deploying financial resources into Power Metal core projects whilst also streamlining the diverse interests of the company and demonstrating our ability to raise cash for operations through means other than equity financings which dilute investor holdings."

Wade continued: "The funds raised will add to our significant existing cash balances and will be utilised for accelerated exploration, including drilling of certain high impact retained exploration projects targeting large-scale metal discoveries."
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
Posted at 26/1/2023 08:48 by noirua
The POW share price continues to track down towards the 1.25p share price - presently 1.325p on a market capitalisation of £22,890,366.
Power Metal shares in issue as of 30 December 2022 - 1,727,574,806
Power Metal Resources share price data is direct from the London Stock Exchange

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