Power Metal Resources Share Discussion Threads

[richie32] 19/7/2021 12:34

Very good update for the KAV project

[lottsgold] 16/7/2021 10:45

Oh yeah no doubt there's a lot more going on at AAU near term. Just a reflection on the Asgard fund and POW.

[soulsauce] 16/7/2021 08:47

The difference being Lotts is that Ariana have a bag full of cash.

[lottsgold] 16/7/2021 08:32

Soul, is this not Arianas plan with the new fund, doesn't seem to do much for the share price in the short term eh?! Long term I guess they prove up and sell on so value will out but these are long plays for sure.

[soulsauce] 16/7/2021 07:41

Another project to add to the already long list.

[soulsauce] 13/7/2021 17:31

Yes PJ talks of keeping raisings and dilutions to a minimum but the constant trickle of warrants is just as damaging to sentiment and is dilution by another name.

[noirua] 13/7/2021 16:51

Yep! These warrants continue to drag down Power Metal and now about 35% adrift. Of course, the company's Chairman and CEO have warrants and so do Red Rock Resources 20 million in fact. Not converted because of insider knowledge but it will come to pass.

At the moment the company moves forward but it is unfortunately on an escalator moving backward a little faster, by gad.

[volsung] 13/7/2021 11:05

Bought a few more for 2.1p

[noirua] 11/7/2021 15:47

Maybe some of these quotes are worth considering when playing the guessing game. Plus making sure we always remember cash is king in the end: As never mind what it is including cryptocurrencies it is always related to cash in the end. Being short of cash or negative must be avoided.

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros

"I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over." — Warren Buffett

"The biggest risk of all is not taking one." — Mellody Hobson

"The four most dangerous words in investing are, it’s different this time." — Sir John Templeton

"Wide diversification is only required when investors do not understand what they are doing." — Warren Buffett

"The most contrarian thing of all is not to oppose the crowd but to think for yourself." — Peter Thiel

"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." — Peter Lynch

[algernon2] 09/7/2021 20:53

It will move, just some little inertia to overcome first.

[noirua] 09/7/2021 11:52

Chinese Sales Like Copper off a Duck’s Back
July 8 2021

[noirua] 07/7/2021 18:37

The Warrant Shares are being issued pursuant to the exercise of 12,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each in the Company.

Another load of massively discounted warrants converted at 0.7p. Good for the company's finances. It is a bit like raising cash at a 68.8% discount to today's closing price.

Why not sell 31.2% and get one's money back and run the rest - seems a reasonable thought.
----

Unfortunately, news relating to anything short of a diamond drill reasonable strike of gold, copper, or silver is the only thing that will stop the shares from being under pressure with warrants galore being converted.

[noirua] 07/7/2021 16:42

The 1 million share sale at 2.2p looked very much like a warrant conversion sale. If so, well done! at 0.75p/ 2.2p for a 193% profit.
The market cap at 2.25p stands at £25.6 million which is asking for a microcap.
With so many opportunities and shares held everything should still come off OK - one for us patient at heart.

[shearluc] 07/7/2021 15:36

StockBox Interview:



While I accept that we still need to see some concrete 'action' here, POW is still hopelessly undervalued!

Screaming Buy IMHO

[someuwin] 07/7/2021 10:26

paul johnson @pauljohnson9691 1h

My job is to put @PowerMetRes #POW $POW shareholders in the driving seat for the best exploration large scale targets - then drill them and discover things. This is about the best you can get target wise. Personally I am a pictures person and this shows the potential perfectly

[noirua] 02/7/2021 17:21

KAVANGO KAV RNS at 5pm 2 July 2021
Kavango Resources PLC KSZ Hukuntsi TDEM conductor B1 identified - Botswana

[skiboy10] 02/7/2021 13:34

SP Angel Morning View

Power Metal Resources* (POW LN) 2.4p, Mkt cap £27m – Drill targets identified at Ditau Project, Botswana

Kavango Resources (KAV LN) 5.9p, Mkt cap £21.5m

(Ditau is held in a 50/50 Joint Venture with Kavango Resources and Power Metal Resources, with Kavango being the operator of the project)

The JV reports Geophysical and geochemical surveys completed on 12 targets areas has resulted in 7 specific drill targets identified.

Each target includes a possible carbonatite intrusive body lying within 300m depth and in range for RC drilling.

Falconbridge Explorations Ltd identified a large ring structure (KW2), located 23km to the north of Ditau. On drilling KW2, anomalous values of niobium were detected in carbonatite rock (REEs were not assayed for at the time).
KW2 is thought to be part of a cluster of carbonatites in the area in which Ditau is situated.

The JV has distinguished 3 of the 7 targets as ‘high priority’, defined as follows:

Target I1
A large, intense magnetic dipole that spans 17km x 8km.
Shallow to a depth to source of less than 100m, and lying at the intersection of two major regional fault zones.
Anomalous niobium values identified, with niobium, used in various superconducting materials and industrial alloys.

Target I4
Spans 7.5km x 5km
Shallow to a depth of less than 100m.
Target I10
Spans 2.5km x 2.8km
High AMT resistivity

Data processing and interpretation is in progress for the target, while an environmental management plan is in place.

Further surveys will be completed on the remaining 3 ring structure targets, with the JV proposing to drill the 3 top priority targets before the end of the year.

Samples from the drilling will be assayed for whole rock geochemistry and REEs.

Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented: "It is extremely positive to be able to confirm high priority drill targets at Ditau in Botswana, particularly as the strategic objective is the discovery of Rare Earth Elements at a time when the world is seeking secure and safe supply sources.”

*SP Angel acts as Nomad and Broker to Power Metal Resources

[richie32] 01/7/2021 15:52

I agree with Noirua that the warrants are a major factor in depressing the price. Perhaps - just perhaps - they are starting to dry up now

[noirua] 29/6/2021 11:01

The nickel price is projected to be up 26% higher average than in 2021 at $US17,360 due to the commodity continuing to remain in a supply deficit, with Australian nickel exports to rise from 197,000 tonnes in 2020-21 to 251,000 tonnes in 2022-23 (BHP will be pleased it hung on to its Nickel West business).

[noirua] 28/6/2021 16:10

It does seem that the sale of warrants is continuing to push the price of POW shares down. These sales look to have increased negativity and keeping buyers away. Maybe some think that 2p is the main stopping point and lower if Kavango finds nothing at its first diamond drilling attempt in the Kalahari.

The mining sector in small caps and micro=caps is lacklustre in all but a small number of cases. POW has gone down whilst KAV has gone up though Power Metal has many more pies that have not yet been baked, in fact, some chickens due for the pies are still clucking away and not laying any eggs.

[noirua] 25/6/2021 08:37

Every asset and share held by Power Metal is a gamble. It is therefore governed by appetite in the market place for risk. A plus factor for the company is the quite high to high price of commodities and precious metals in the prospective assets. Present drilling particularly at the Kavango/ Power Metal Kalahari tenements makes for nerves jangling.

POW shares might be only worth 0.5p to 1p on the other hand maybe 10p to 20p.

When to buy? That is the question that can't be answered so maybe a sum that can easily be afforded should things go negative. If one does that we won't become grumpy old things frequenting ADVFN with negativity galore and bitterness.

The words of Chairman Andrew Bell - small investors put too much money into small companies. Or words close to that a few years ago.

[larryparker] 24/6/2021 20:25

I see there was another director deal for Power at 17.19, that's 3 in the last few days, think I will let the excitement of that die down for a week or so, then take your advice and invest in both, good luck