Power Metal Resources Share Discussion Threads

[justtrying1] 19/1/2021 11:22

pj is just desperately trying to do anything to pump up his share price

[walter walcarpets] 19/1/2021 11:11

Great news (again)!! Well done Paul and the team.

[hazl] 18/1/2021 18:33

Perked up as the day went on.

[noirua] 14/1/2021 17:12

Outback Goldfields Announces Exploration Program in Victorian Goldfields
January 13, 2021


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Posted as the company looks similar to POW's 49.9% interest in Red Rock Australasia Limited.

[walter walcarpets] 14/1/2021 13:30

Very bullish reversal!

[algernon2] 14/1/2021 10:22

"Just enough blue to make a pair of sailor's trousers" as my Mum and Gran used to say.
A tad of blue this morning from POW let's hope it stays blue till the sun is over the yard-arm.

[hazl] 13/1/2021 16:34

Hope more rises on the way.

[hazl] 13/1/2021 16:28

Excellent improvement today.

[noirua] 13/1/2021 10:32

The update is well laid out and covers almost everything. However, it fails to mention the ongoing cost for the flotation of the 49% interest in Red Rock Australasia Limited on a Canadian market. There are 3 market places with the TSX being the most expensive - POW's 49% would be about C$300,000+. The TSXV and CSE markets cost less.
Provided the gold price improves there should not be a problem with the flotation though there are crowds of new companies joining these markets.
This is a list of just a few small companies on the TSXV and CSE market. As a matter of interest only:

[walter walcarpets] 13/1/2021 10:26

Grabbed some more on this update.

[walter walcarpets] 13/1/2021 10:09

Fantastic update. Clear, precise information communicated regularly👍😁

[hazl] 13/1/2021 09:48

Power Metal has multiple exploration programmes underway alongside significant corporate activities in and around certain of our projects.

Given the extent of our activities I would like shareholders to also know that your Company is in a strong financial position and is well funded to complete all its currently planned exploration work, including drilling programmes underway at present.

Moreover, after the current programme of extensive exploration activities to 31 March 2021 are complete and paid for, the Company will still have significant financial resources and remain in a strong position. This is further explained below with information regarding where we are with business operations, key financial exploration commitments and our underlying financial position.

In addition, I would draw shareholders attention to the "Warrant Update" section below which confirms Power Metal has successfully exceeded the price hurdle to enable acceleration of certain warrants. Recognising Power Metal's strong financial position we consider there is no requirement to exercise any right to accelerate warrants at this time.

[aidenabettin] 13/1/2021 09:31

Molopo farm.More pushbacks than you see on the chase.Legacy assets!!!!!!!!.#TSI

[kemche] 13/1/2021 08:55

POW is thinking of increasing its RNS's to 7 a day apparently.
That should help.

[hazl] 13/1/2021 08:44

Is it time for a reversal yet?

[zxie] 12/1/2021 19:30

Yes top up time

[volsung] 12/1/2021 10:37

Bought some more on the dip

[uknighted] 12/1/2021 07:28

RNS Haneti drilling update.

[noirua] 11/1/2021 14:01

Remember there are a lot of converted warrants out there. Converted at 0.7p and 1p mainly. Many may top slice their holdings or get the money back they used to convert the warrants. The gold price is falling which may hinder the market float of the Australian gold tenements on the Canadian marketplace.

[uknighted] 11/1/2021 07:48

RNS. Botswana drilling update

Paul Johnson Chief Executive Officer of Power Metal Resources commented:

"The identification of visible sulphides during the geological core-logging process for hole KKME 1-6 is a potentially significant development, subject of course to assay testing of samples, opening up the potential for PGM mineralisation besides the base metals originally targeted.

We are now in the midst of an extensive technical review of the entire licence areas with a particular focus around the first two drill holes. This will further refine our present targets and generate new targets for the remainder of the drill programme.

It is worth noting that the Molopo Project drill programme is an immense exercise and already we have over 1,000 metres of core to examine and process. The size and scale of this exercise is matched only by the hard work and determination of the team in the field, for which I am particularly grateful.

I look forward to providing further updates as further material developments occur."

[theshareguru2] 06/1/2021 17:16

paul johnson is very astute guy, sandfire are very close to the area under the radar
and metal tiger sold out to them, bar royalties.
this is a major move by power metal another coating of iceing on the financial cake.