Power Metal Resources Share Discussion Threads

[888icb] 11/12/2024 10:20

Getting any cash out of Andrew Bell is a major achievement so well done Sean as he continues to clear up a very poor decision by the previous CEO to be involved in anyway with Andrew Bell or his Company.

[bukowski750] 11/12/2024 08:51

When are these guys actually going to do something in terms of exploration....you know like actually making a discovery ROFLMFAO!!

[walter walcarpets] 11/12/2024 07:56

£200,000 in the coffers, which is nice.

[noirua] 02/12/2024 12:50

Red Rock Resources PLC was due to pay £250,000 to Power Metal Resources PLC by November 18, 2024.
An alternative to converting into Red Rock shares at 0.15p appears to have not been taken up.
Power Metal and Red Rock have remained quiet on this issue.



Red Rock's Chairman Andrew Bell confirmed the situation via 'X' on November 18, 2024.

[noirua] 25/11/2024 13:33

The increase is promising, and I hope it continues. Others will know that in recent years
the share has dropped back again, so fingers crossed.

[888icb] 25/11/2024 13:30

Powering up to number 24 on the Leaderboard Up 6.67% at 16p on volume of 851000 or just over 1 million if you include 183000 volume on the AQSE.

[888icb] 25/11/2024 11:47

Good to see the 5% rise so far today. It’s about time POW started to reflect the rise in its largest asset GMET which was up 10% on Friday and 24% in the last month, whereas POW is only up 12% in the last month. POW is still not recognising any value in its Uranium JV which has recently received a £10 million cash injection.

[888icb] 22/11/2024 12:20

5% rise so far today following yesterday’s very encouraging news from the Uranium JV but also assisted by the 10% rise at GMET which has made a strong recovery this week,having closed last Friday at 23.5p,it is currently at 32p.

[walter walcarpets] 18/11/2024 12:54

Even better to see it up 17%. About time for a proper re-rate.

[888icb] 18/11/2024 10:05

Good to see POW Up 6.67% at 14p on volume of 967000. This is probably as a result of the significance of last weeks 2 RNS about the Uranium JV being explained in detail on the Sunday Roast podcast. It will also be helped by the GMET RNS which as taken GMET up 19%. It was worth noting on the podcast that the Uranium JV has the potential to be even bigger than GMET

[walter walcarpets] 18/11/2024 09:08

Uranium......from 22 mins

[kemche] 17/11/2024 10:10

£250k due tomorrow and then whoosh!

[888icb] 16/11/2024 18:57

Better day for POW on Friday Up 7.23% on good volume following a Director purchase of 200000 shares and then Russia apparently banning exports of Uranium to the USA. The latter has to be good for US Uranium miners.

[888icb] 14/11/2024 19:42

Just to put the last comment in context regarding the value that can be achieved pre production:
“ NexGen, whose project is located in Canada's remote, uranium-rich Athabasca Basin in northern Saskatchewan, is now worth nearly $4bn (£2.98bn), despite the fact that the mine won’t be commercially operational until at least 2028.
If fully cleared by regulators, NexGen’s project alone could push Canada to become the world’s largest producer of uranium over the coming decade, knocking Kazakhstan out of the number one spot.
Other companies have also rushed to Saskatchewan to capitalise on the boom, starting their own exploration projects in the region, while existing players re-opened dormant mines.
With its rich resources, Canada’s mining companies see the country playing a major role in the future of nuclear energy, meeting a demand for uranium that is poised to rise after nearly two dozen countries committed in COP28 climate conference to tripling their nuclear energy, external output by 2050.”
This is from a BBC article and relates to what POW is trying to achieve in the Athabasca Basin.

[noirua] 14/11/2024 18:37

Maybe Power is going too long-term on contracts. If they find commercial uranium, it could
be over five years before it is mined. The cost to production could be very dramatic, and
Power is not profitable by a long shot. The directors appear wide of the mark in their
aspirations as Financiers and have not yet found the plot.

[kemche] 14/11/2024 09:59

RRR settlement soon and then whoosh!

Ignore Bernard - he is not Rick Rule.

[888icb] 14/11/2024 08:50

The second very promising RNS on the very promising Uranium JV in 2 days but the market is not so far taking any interest. This is surprising as the JV partner, who are serious investors have have put £10 million into the JV so they clearly are very confident this will be successful. This JV is currently being given no value in POW’s share price even though it has the potential to do as well as or better than GMET.

[noirua] 10/11/2024 20:49

It may not be all that much longer before Power obtains a quote on the NASDAQ. After that,
the AIM quotation may be cancelled. Rick Rule is not at all keen on the AIM market place.

[kemche] 07/11/2024 12:21

Classic treeshake as Rick Rule collects all the cheap shares. Typical MMs.

[noirua] 07/11/2024 11:50

POW shares continue to edge further down to their more recent low point of 10.5p (0.525p).
The company needs to move solidly forward rather than round and round in circles - Power merry-go round.

[noirua] 30/10/2024 18:12

Thanks for the link 888ICB - added to the header.

[kemche] 29/10/2024 12:13

I did say that it was looking very Rick Rule-y.

[888icb] 29/10/2024 11:56

Latest video with Sean Wade& Rick Rule


Very good opportunity for Sean to present to a US audience in the company of Rick Rule who is very complimentary about POW as you would expect as he is a large shareholder in POW.

[kemche] 27/10/2024 11:55

They should be able to get a wodge of cash from RRR soon and then whoosh!