Power Metal Resources Share Discussion Threads

[shortcpx] 12/1/2024 11:38

So overstretched with actual work but still signing meaningless deals with savages

[noirua] 12/1/2024 10:38

The MRU in Saudi Arabia is very interesting though Power Metal need to be well cashed up going into any venture. They certainly need GMET and FCM to do very well and cash in with an IPO of NBGC. The Uranium assets need partners as well so looking good if they get the cash required or more likely see Rick Rule pile more dollars into the venture.

[kemche] 12/1/2024 08:49

I think we can all agree that First Equity are the premier Brokers out there. Their "research" piece for RRR was outstanding and their price targets utterly believable.

[the count of monte_cristo] 12/1/2024 04:43

Updated @GoldenMetalRes Research Note by First Equity.

They delve into the Pilot Mountain #tungsten Project & explore the emergence of Garfield as a key Project following the recent #gold #silver #copper bedrock discovery.

Read here: shorturl.at/sDEFG

[888icb] 09/1/2024 15:36

GMET is Up 16% today on a positive RNS. POW own 61% of GMET but are down on the day which doesn’t make much sense.

[burtond1] 29/12/2023 06:56

20 Mining Companies for 2024 – Part II (G-Z)https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-ii-g-z/

[apotheki] 21/12/2023 14:37

Another very interesting Aussie mining play....

Calidus Resources - Golden days to come

ASX:CAI

hxxps://www.calidus.com.au/


Rec0very Stock21 Dec '23 - 06:24 - 357 of 360



Nice one Dave:

Calidus Managing Director Dave Reeves said:

“This is an outstanding deal which will deliver substantial benefits to Calidus in terms of production and its cash position.

“Nullagine has near surface, high-grade oxide resources which we will immediately assess with a view to trucking to our Warrawoona plant. This is consistent with leveraging our existing infrastructure and unlocking stranded gold resources in the Pilbara.

“We will also get an immediate cash injection by licensing the use of the Nullagine camp to Atlas Iron for $14m upfront.

“And we will look to combine the sulphide deposits at our Blue Spec project with Nullagine and use the existing Nullagine infrastructure as the basis of a processing route for this material.

“This means the acquisition offers three substantial value-creating opportunities for Calidus in return for an upfront payment of $250,000 in Calidus shares”.

Edgein21 Dec '23 - 09:43 - 358 of 360

RS,

Indeed, probably the best gold acquisition I've ever seen! Very large resource, good grades and acquired for just A$250k and $5m production related payments. They get that $14m for leasing out the camp to Atlas. Stunning deal pretty much doubling our resources right beside our other high grade assets.

Regards,
Ed.

[noirua] 20/12/2023 13:51

Dec 14, 2023
➡️ The drilling program targets the T114 conductor, known for its steep dip and potential for nickel sulfide accumulations. It aims to reach depths of 800 meters, with an estimated timeline of around six weeks for drilling and eight weeks for lab analysis, with updates expected throughout the process, and results anticipated by the end of Q1.
Podcast -

[jp2011] 20/12/2023 09:08

Several concerns at Molopo; the previous geophysics did not locate conductors and that's ignoring the low grades found. Secondly if you believe the latest geophysics then the top of the structure is 700-800m, that means at least a 1000m drill so POW can afford at best two drills. Thirdly they're going to need very good grades to make this commercially viable. Next drill at Molopo high risk, make or break.

[noirua] 19/12/2023 14:20

At least Power Metal is up 70% from its low point of just 0.51p. Molopo Farms drilling is next in line though assays etc., mean very little these days and real good drilling results are needed.

[algernon2] 18/12/2023 13:24

Good news also over at FCM with some nice core samples on display from Marc. an RNS is available there also.

[noirua] 18/12/2023 11:39

Still very early days on Uranium Drone surveys so a lot of patience is needed to see if a well-heeled experienced Uranium partner turns up. If one does it is a game changer for Power. Meanwhile, it is wait and see.

[walter walcarpets] 18/12/2023 08:43

Plenty of targetted exploration to go at in the Athabasca Basin now.

[walter walcarpets] 15/12/2023 09:16

3.3p target. Decent note out from Resolve Research. Hope POW don't get the yips ;-)

[soulsauce] 13/12/2023 10:52

Would have liked to have seen FDR listed before UEE but it is what it is.

[kemche] 13/12/2023 10:36

I think it is fair to assume that UEE will replicate the successes of the other IPOs.

GLA LTHers!

[soulsauce] 13/12/2023 10:11

Yep looking much better.

[fillipe] 13/12/2023 10:08

POW racing quite a bit.

f

[noirua] 13/12/2023 10:00

Following Financier Rick Rule looks to be the way to go in Power's recovery. He is no fool as far as being parted from his money is concerned.

[noirua] 13/12/2023 09:54

Power Metal Resources PLC Uranium Energy Exploration Update (6487W)
13/12/2023 9:45am
UK Regulatory (RNS & others)


Sean Wade, Chief Executive Officer of Power Metal Resources plc, commented:

"I am very pleased to be able to report positive progress towards the UEE IPO. Current market conditions are not conducive to capital raising, and the fact that Teathers/UEE have outperformed expectations in this regard is further validation of investor interest in new uranium focused opportunities.

I look forward to the planned IPO of UEE with a high quality collection of uranium interests and an exciting period of exploration ahead.

Further updates will be provided to shareholders as material progress occurs."

[noirua] 13/12/2023 09:42

Another move up in Power Metal's long journey back. This could take the shares to 3p up to 6p given an unspecified schedule.

Original efforts by PJ to spread interests may well come off as the present situation in the metals and minerals marketplace shows the recovery to be patchy. Uranium and to some extent gold were his prime successes as time has borne out.

The present management looks to be on the right track with Uranium and a further move to Saudi Arabia could be the right move as well.

A short-term target is 1p.

[noirua] 11/12/2023 10:45

Probably not the time to dangle around as POWER shares moves higher. They were set at rock bottom at 0.51p and should double in price short term I guess.

[noirua] 09/12/2023 22:56

Uranium closed at a 15-year-high of $81.40 increasing the value of Power Metal's tenements in Canada.

November 2007 was the last time Uranium was above $81.40.


POW shares may be as much as 6 to 10 times undervalued at this point with gold also holding above $2,000.

[noirua] 08/12/2023 10:48

At least Power shares are off the floor now.

[kemche] 07/12/2023 14:50

That means they are all very cheap.