Power Metal Resources Share Discussion Threads

[algernon2] 05/2/2021 10:07

Another Paul Johnson Podcast Interview. 25 mins approx. Posted 5th Feb 2021

[noirua] 05/2/2021 09:51

I'm not a lover of the share warrant situation as they are converted at a discount of up to 70%. However, these warrants were issued when the share price was just 0.5p and 0.45p and the shares were available to purchase well below those prices. Those who buy now have to realise that if a large number of warrants are converted, as held by Red Rock Resources PLC, then the share price is vulnerable.

The interview today only highlighted what was already known. As mentioned by the company's CEO the assay results due, some time in the future is what matters. Remember, as yet, that POW has no gold, silver, or copper - it may be in the ground and we must just wait and see.

[walter walcarpets] 04/2/2021 09:07

Yes hazl, while the DXY continues to rise, resource stocks on hold or drifting lower. This is one of the few shares I continue to hold. Personally, I don't believe in the reflation story........yet

[hazl] 04/2/2021 08:58

Pow is doing ok in a tricky market is my view.

[skiboy10] 03/2/2021 20:10

May be of interest

SP Angel Morning View

Kavango Resources (KAV LN) 2.8p, Mkt cap £8m – Exploration outlined for South KSZ

Kavango reports that it has secured two additional prospecting licenses in the Southern section of the Kalahari Suture Zone (KSZ), with the Company’s licenses now in the zone now totalling 7,573km2.

Kavango have already commenced exploration in the northern part of the zone and now wish to develop its knowledge of the Southern section to the same level, with work involving:

Re-logging cores from 149 historic drill holes

CSAMT and ground magnetic surveys

Ground geophysics

Development of a comprehensive 3D underground model

Further field exploration will include Time domain ElectroMagnetic Surveys and test drilling of high-speed conductors which may be large-scale magmatic sulphide deposits, identified within gabbroic intrusions. Kavango also expect to hire a new full-time geologist.

New exploration will be conducted in the south while Kavango simultaneously build on initial positive results in the northern Kalahari Suture Zone, with the company aiming to achieve a proof of concept by the end of the year.

Michael Foster, Chief Executive Officer of Kavango Resources, commented: "We have refined sophisticated exploration methods over recent years at Hukuntsi. It is now time to leverage that experience in the Southern Section of the KSZ. The new licences strengthen our strategic position in the Kalahari Suture Zone. Given the size of our company, this represents a significant opportunity. We have already gathered compelling evidence that this region experienced extensive geological activity during the Karoo Age, which was conducive to the formation of large-scale magmatic sulphide deposits.”

[the_debt_collector] 03/2/2021 16:01

What would happen if POW were to do a placing at 1p right now, raising £1.4m by issuing 140m shares, the 'loyal' shareholders would go nuts.

Well this is exactly what is happening, there are 140m warrants priced at .70p and 1p strike outstanding, a fair slug.

Johnson has lost control of the share count, ridiculous strike prices and massive dilution just to satisfy a handful of SI and FE chummy 'clients' who cough up each and every time.

The warrant model is flawed except Johnson (and various other AIM CEO's) cannot see it, without the warrant overhang the share price may be 5p-6p right now, Johnson could then place HALF the shares and raise the same funds even allowing for the usual placing discount.

Johnson needs to review this model, at the very least 50% warrants, higher strike prices, shorter expiry + a no nonsense accelerator clause.

There is no doubt the warrant model/overhang is deterring many market operators.

My advice, this time, is free.

[skiboy10] 02/2/2021 14:32

SP Angel Morning View

Power Metal Resources* (POW LN) 2.7p, Mkt cap £27.8m – Further exploration progress at South Ghanzi

Kavango Resources (KAV LN) 2.7p, Mkt cap £8.3m

Power Metal is continuing to progress its South Ghanzi Project as part of a 50:50 strategic joint venture with Kavango Resources on the highly prospective Kalahari Copper Belt (KCB). The project includes two prospecting licenses covering an area of 1,294 km2 which includes lengthy geological redox boundaries, close to surface that represent prospective exploration targets.

The JV now intend to conduct an airborne electromagnetic and magnetic geophysics survey in parallel to ongoing ground exploration work which includes intensified soil sampling around target areas in order to advance the project and fast-track initial drill targets.

Kavango has signed a contract with SkyTEM Surveys to conduct 1,173km of airborne electromagnetic and magnetic geophysics survey over the project, which have previously been instrumental in helping other companies identify significant copper mineralisation and copper deposits in the KCB.

Survey flights are due to commence this month, alongside ongoing soil sampling and ground survey programmes.
The JV also expects to commence work on an Environmental Management Plan which will allow the drilling of key targets subject to positive outcomes from the current exploration work.

Paul Johnson, CEO of Power Metal Resources commented: "Both Kavango and Power Metal are eager to push ahead with ground exploration in the KCB, with the South Ghanzi Project demonstrating geological features similar to recent major copper/silver discoveries in the area.

In addition to exploration progress and in preparation for the potential listing of the JV on a recognised stock exchange, holding companies for the SJV have now been established with Kanye Resources Pty Ltd in Botswana and Kanye Resources in England.

[algernon2] 02/2/2021 11:03

Great news.

[hazl] 02/2/2021 08:14

'Importantly, Power Metal is particularly well funded and is able to immediately invest in gold exploration programmes to build what we believe will be considerable value in this unique and significant opportunity."

*

[holdbucket] 02/2/2021 08:05

Power Metal Resources PLC Australia Gold JV - Grants of First Licenses
02/02/2021 8:00am

[algernon2] 01/2/2021 18:00

"Power Metal Resources steps up surveying at Botswana joint venture ahead of IPO spin-off
The companies are preparing for a potential listing of the joint venture on a recognised stock exchange under the name of Kanye Resources......

Given the acceleration of exploration programmes, the two partners expect to begin work on an environmental management plan “imminently” and are preparing for a potential listing of the JV on a recognised stock exchange under the name of Kanye Resources Pty Ltd in Botswana and Kanye Resources Ltd in England."

[algernon2] 01/2/2021 12:45

Re the exploration latest:

"It's all kicking off Prue!" (With a nod to Armstrong and Miller)

[holdbucket] 01/2/2021 12:43

Power Metal Resources PLC Kalahari Copper Belt - Exploration Update
01/02/2021 11:00am

[justtrying1] 31/1/2021 18:41

Pumped dog

[hazl] 31/1/2021 14:07

CEO


He is the largest share holder....backing the company with real cash.
Wishes to build the balance sheet to lead to a self-financing state.
Chartered accountant in a previous life....ought to know what he's doing.
The managament need to see the share price to do well to benefit themselves as well as us.
External value crystallisation to lead to chunks of value in our balance sheet will be the goal.

A few points from what he said.

[hazl] 31/1/2021 13:52

Thanks ships250.

[ships250] 31/1/2021 12:53

https://youtu.be/12G36Zj5X64Great insight into power.

[hazl] 30/1/2021 09:08

Very nicely put algernon.

[algernon2] 29/1/2021 18:49

Myself and Volsung hope to be amongst the "privileged few"
I hope if it all goes awry as you predict that we will take it gracefully.

[the_debt_collector] 29/1/2021 11:05

Johnson needs to get on the phone to his chums at SI and tell them to stop their clients dumping the zillions of 1p warrants at will.

The only folk who make money out of Johnson's companies are the privileged few.

[algernon2] 27/1/2021 19:20

Well done Volsung; between us we'll shortly have a notifiable interest.

[volsung] 27/1/2021 13:24

Bought a few more for 2.56p

[d220] 26/1/2021 14:19

Botswana Activity.
Things warming up on the KCB:

[noirua] 26/1/2021 08:46

The shares are falling under the weight of warrant holders selling in the market. This is likely to continue in the short term. Conversions mainly 0.7p, 0.75p and 1p.