Power Metal Resources Share Discussion Threads

[janhar] 30/9/2021 12:50

Can't see anything - can you copy pls

[noirua] 30/9/2021 12:41

One avoided conversation here is whether the £26 million market cap at 2.1p is justified for Power Metal R. PLC.
First consideration is the cash in the bank versus short term liabilities.
Second is the value of quoted shares held and whether they could easily be sold on market
Third is long term debt.
Fourth is optional debt both short or long term.
Fifth whether directors can be trusted to inform the market about cash raised by selling shares held or assets quickly after doing so.
Sixth, and very important, whether directors will sign deals and pay over cash for shares and debt in another company without informing the market before or shortly afterwards.
Seven, directors share holding in Power Metal R. PLC.

So far POW's CEO has proved he is completely trustworthy even though he is over enthusiastic in podcasts. Other directors are silent and therefore one may think they are just sleeping partners in all this.

[noirua] 27/9/2021 14:48

15. POWER METAL CANADA LIMITED are Uranium tenements held in the Athabasca Basi in Saskatchewan, Canada.
Website:
Video:

Interesting tenements to just sit on.

[richie32] 27/9/2021 14:40

Great timing when everyone is going nuclear

[walter walcarpets] 27/9/2021 14:06

Expansion of the Uranium land package - every little helps

[noirua] 27/9/2021 11:18

the_debt_collector. Just to correct you. It was PJ who referred to the weakness of gold exploration companies in Canada. AB was referencing his advice.

[the_debt_collector] 26/9/2021 19:05

Bell did not say the reason for the change in listing Ballarat Gold in Canada to the UK was because of
share price weakness of the explorers.

Bell said it was to save time because of travel issues due to Covid, the fact they knew all the advisors
in London plus they would save on personnel costs (directors etc) due to stricter listing regulations
in Canada.

Once again Noirua you post inaccuracies to the bear tack, you have been able to get away with this on
Red Rock for ever and an age but now Mr Debt will expose every falsehood.

[noirua] 26/9/2021 13:11

Miners on Track Despite Gold’s Rollercoaster Ride
September 20, 2021

[noirua] 26/9/2021 12:29

Overall POW has an excellent portfolio of 14 interests backed up by shares mainly in KAV but some in KAT as well as sufficient cash in the bank. Some ventures will come off well but some may also be sleepers for some time to come. The risk of Power Metal failing is zero unlike many other microcaps in the mining sector.

On gold we all know the price has dropped nearly $300 from its high point and confidence in the sector is low. Also anyone can see now is a more difficult time to get top price on an IPO and some of us think waiting patiently into 2022 is the best option to float. POW can afford to bide its time but its partner RRR needs cash to fund its other projects - it will be interesting to see what happens though RRR are majority holders and depending on other agreements could force an IPO.

When it comes to comparisons of NGBC ( RRAL )and GCAT the latter's IPO was at a discount to get the IPO away and the same will apply to NGBC. The Canadian float was dropped due to advice from PJ, Andrew Bell of RRR said - due to the weakness of explorers on the TSXV market.
GCAT is worth more than NGBC as its project is more advanced in KENYA and they are a producer. NGBC needs to raise cash for itself as well as payoff money paid by both RRR and POW. Unless NGBC gets a partner on an earn-in basis it will need to raise funds regularly and GCAT as a producer will raise cash from sales of gold production.
From the above despite NGBC having more tenements in Victoria than GCAT it is not realistic to compare them that closely.

MY interests in the mining and resource sector go back to 1967 and experience gained during the mining boom in the 1970's. I have holdings in POW and RRR but they represent about 0.8% of my total investments, excluding property interests, and cash so I'm able to be realistic about prospects even if negativity rightly creeps in as this is a high risk sector even if you invest in the giants. - take care and good luck.

[algernon2] 26/9/2021 11:22

Whom or what is this "Ernst Stavro Blofeld" or "Central Point" to whom you are referring Aiden?!

[aidenabettin] 25/9/2021 08:55

Every company on the stock market is controlled from a central point without exception .100% corrupt across all sectors with money laundering at the core with no regulatory control and all linked to the offshore spiders web run by london.Its not rocket science as they say.#noexceptions

[the_debt_collector] 25/9/2021 08:47

I see Noirua is bashing away at POW as well as RRR now, probably working for
some spiv broker running a short book on the two Co's.

One thing for sure is this individual is clueless about mining matters so
best ignored.

To get an idea how pathetic the bashing is the individual suggests the upcoming IPO of the
Australia licences will only fetch a valuation of £6m, however both RRR and POW have said
or implied £20m+

If Caracal Gold (GCAT) recently IPO'd hit a market cap of £28m this week in Kenya then why not
Ballarat Gold in higher (& bonanza) grade Aus ?

[aidenabettin] 25/9/2021 08:32

BRSD/TSI 29.9% ownership in IGS valued at ZERO?. https://www.igsint.com/2021/09/16/launch-of-geophysics-aircraft-in-saudi-arabia-survey-project/

[aidenabettin] 25/9/2021 08:26

BRSD/TSI have written it off as having zero value.Couldn't really say its a world class discovery at the moment but it will be someday for the Chinese.Just look at IGS(International Geoscience services ltd) who have also been written off by BRSD/TSI but only a few days ago got a reprieve from a final strike of notice at companies house. They announced a 6 year project(they have others) to map Saudi Arabia with the Chinese. It looks like natural resource assets and services are being swapped for cybersecurity,fintech and e-commerce deals.The Great Reset

[noirua] 24/9/2021 17:27

Molopo Farms - 24 September 2021


The results today in my opinion are surprisingly disappointing. Considerable depth at 300 to 600 metres and nothing found of any note except in one case.. The percentages of nickel are fine but the widths are extremely shallow. What is important are two factors whether it is commercial or worthwhile continuing drilling. So far not commercial but worthwhile continuing drilling in hopes of widths improving and at that depth the percentage nickel as well.

[noirua] 22/9/2021 19:14

Gold shares are generally well down and microcap explorers by 40% to 70%. A few exceptions on drilling results.

I accept at the gold peak £20 million was a good target. Now it is £6 to £8 million So an IPO of 49% putting NGBC value at £6 million seems reasonable to get the IPO away.

My opinion is hopefully realistic and bullish in today's marketplace.

[noirua] 22/9/2021 18:01

RNS KAV - 22/09/2021 5:13pm

Ø Drilling update

- Downhole gyroscopic survey complete. TA2DD002 successfully drilled to within 1 degree of original target

- Drilling recommenced at TA2DD002, with target depth of 1,000m expected overnight on Wednesday 22 September

- On completion of operations in Target Area A, the rig will be mobilised to Target Area B
- Kavango will then drill one geological hole into the Great Red Spot and one borehole to intersect the conductor of Target B1

[the_debt_collector] 22/9/2021 16:02

You would hope the IPO of the Aussie licences proceeds quickly, it will be very value generative
to both POW and RRR, would be interested to hear what Paul Johnson has to say about the
IPO.

Does he think they can get it away quickly and how much does he believe the float would be worth
on 1st day of dealings, Bell implied north of £20m and he hoped to get it away in Q4.

Maybe a question for PJ to answer.

[soulsauce] 21/9/2021 19:10

Bell gone, the company suddenly became a better proposition.

I am sure while that name was associated with the company it will have deterred many weary diluted to death PIs from wanting in.

[graylyn1] 21/9/2021 18:45

The listing changed to London a little while ago.

[yasxii] 21/9/2021 16:53

Looks like there has been a disagreement; supposed to be listing in Canada but now in London ?

Chairman resigns?

[noirua] 21/9/2021 16:21

Red Rock Resources Plc ("Red Rock" or "the Company"), the natural resource development company with interests in gold, copper, cobalt and other minerals, announces an update in relation to its investee company Power Metal Resources PLC ("POW") and its joint venture with POW, Red Rock Australasia Pty Ltd ("RRAL") which is undertaking gold exploration at its granted licences in the Victoria Goldfields in Australia (the "Projects").

New Ballarat Gold Corporation PLC ("NBGC") is in course of incorporation and Red Rock and POW will hold their interests in the Projects through shareholdings in NBGC in the same proportions as their previous shareholdings in RRAL (50.1% Red Rock and 49.9% POW). RRAL will become a wholly-owned Australian subsidiary of NBGC.

Andrew Bell, Red Rock Chairman, states: "We will now intensify work on the planned IPO of NBGC on the London markets. As I shall be heavily involved in that process and will have a continuing role in NBGC before, and for some time after, listing, it is no longer desirable for me to continue my active role as Chairman and director of Power Metal Resources PLC. I have therefore notified POW that I shall be stepping down from those positions from the end of this month.

[yasxii] 21/9/2021 08:56

What happened to the proposed floatation of the Australian licences in Canada; this was supposed to be a major value event was it not ?