Power Metal Resources Share Discussion Threads

[noirua] 13/10/2021 16:41

Despite necessary negativity in these markets I should point out that gold shares in USA and Canada have moved up in the last 3 days trading, 2 days in Canada due to holiday.
The above will give a necessary fillip to Power gold interests in Australia. My personal price for POW is 1.7p - 1.9p and that is the position now. What happens next who knows.
PJ is no doubt the best CEO in the microcap exploration sector. Markets however will decide whether he drives an Aston Martin Victor or a SEAT ibiza. ...

[noirua] 13/10/2021 11:24

Price slippage probably due to warrant holders selling at a very big profit even at 1.7p bid. The market cap talked about as too high on occasions is asking and no very good commercial assay results so far. No positive news on the NBGC IPO or assays from Kavango. All that could change suddenly but maybe boredom during a longer than expected wait and podcasts of the same old, same old nature not helping.

[algernon2] 11/10/2021 11:18

Speaking of Andrew Bell an interesting RNS from Rd Rock Resources today?!

[yasxii] 11/10/2021 09:22

This was the question that was not asked as far as I can see, at one time PJ seemed all over this IPO
but it seems to have lost it's lustre with him all of a sudden.




'The upcoming IPO of Ballarat Gold on AIM, do you think handing over the process to Andrew Bell
will return the best valuation on listing - Bell has a poor reputation with retail investors - he has said
via Stockbox interviews the IPO will list with a market cap £20m+ - thoughts ?'

[algernon2] 09/10/2021 17:51

Which was the question "avoided like the plague" Thanks, .

[noirua] 08/10/2021 23:59

Podcast:

The questions put were easy to answer with none on any specific project. It was a generally reassuring broadcast but nothing other than that. A question noted on Twitter ( Oct 6 Stockbox ) was avoided like the plague and of course my questions had no chance of being put as StockBox needs money coming in for its podcasts so best not to upset the doner. Anyway, good luck one and all.
Updated 10th October 20.00

[noirua] 08/10/2021 09:38

Gold shares do look as if they have at last bottomed out though how long it will take to gain momentum is a guess.
These drilling results from an Australian company in Brazil would be good but not expected:
EXCEPTIONAL DRILL RESULTS - Great Panther Mining subsidiary ASX: BDR in 2012
EXTEND AND CONFIRM THE DUCKHEAD OPEN PIT OREBODY
• 9 m @ 123.2 g/t gold (incl. 2 m @ 547.9 g/t gold)
• 20 m @ 56.2 g/t gold (incl. 5 m @ 206.5 g/t gold)
• 12 m @ 29.0 g/t gold (incl. 4 m @ 55.2 g/t gold)
• 14 m @ 8.7 g/t gold (incl. 7 m @ 16.3 g/t gold)
• 10 m @ 30.0 g/t gold (incl. 5 m @ 59.4 g/t gold)...

[noirua] 07/10/2021 12:38

Much mention on PJ's Twitter about Mawson Gold Incorporated though their shares have suffered as much or more than the rest:


There is hope for NBGC as GCAT has shown with buyers to the fore. Be negative because that is how the market is at present. However, hope is the eternal optimist and even though it's Chairman Andrew Bell doing all the work to IPO Director Paul Johnson flies the flag.
Most of us will have watched the Gold Hunters on Quest TV and will know about exploration in Victoria state with expensive equipment. It is really tough going with all the easy gold gone over 100 years ago. The weather unusually stormy.

[algernon2] 07/10/2021 11:22

Yep, red appears to be the colour of the week.

[noirua] 07/10/2021 11:08

The present market place in AIM mining shares is probably affected by some forced sellers and these slightly outnumber buyers. These events tend to go on for much longer than expected as new buyers hold off not wanting to get on a Falling Knife PLC. The end of this might be one week away or two years. As they say the share price may be cheap but that does not mean the share price wont go down - such is life.

[noirua] 06/10/2021 18:38

PJ is on StockBox this evening taking questions. He always fields questions very well but his answers can be forecast in advance as most questions chosen enquire rather than scrutinise or criticise.

My questions would be:

1. Red Rock your partner at NBGC is as keen as yourself to IPO the company on AIM, it seems. Markets in the gold sector are downbeat whether a small cap or giant multibillion dollar company. Surely it is best in these circumstances to put off the flotation waiting for better times rather than be pushed by Andrew Bell of Red Rock who needs success with his forthcoming AGM in December 2021 or January 2022?

2. Power Metal has low short term debt and no long term debt plus, it is reported, £2 million in the bank. All of Power's interests will need a lot of cash to develop. Are your plans to unload these interests hopefully at a profit long before large sums are needed for development or expensive diamond drilling campaigns or maybe a few are failures at this stage?

3. Power Metal's market cap is nearly 4 times that of Red Rock and Mr Andrew Bell has a lot of dissenters at the company due to losing £1.1 million on Steelmin and nearly £6 million on Greenland and continuing reparation costs. Because of this record are you quietly pleased to see him exit Power Metal as Chairman?

4. Katoro's shares have sunk. Do you think it is best for that company's present directors to resign due to the poor performance?

I doubt any of these will be asked in this way.

[noirua] 06/10/2021 11:46

Power Metal Resources
AIM:POW Stock Report

[noirua] 04/10/2021 10:13

POW has no interest in RRR and it's not known if any directors of POW have a shareholding. Below reprinted here as what happens at Red Rock concerning NBGC may lean somewhat on Power Metal.

-----

Red Rock's present position is interesting as it battles on one front for cash and borrowing against shares held and selling down the crown jewels. On the other it advances exploration in DRC, Kenya and Australia.

We can see from this that as cash is used apace on these projects that a cash return is desperately needed at some point down the tracks.

DRC looks like number 3 and quite some time before diamond drilling takes place so it will just mop up cash.

Kenya also needs feeding to cover present drilling and we do not know if the compressor is up and running again. Good results are needed here and it may happen. However, if there are delays and results are not that good on drilling assays then matters could get difficult.

NBGC (RRAL as was) does look a possible saviour here though the gold price is under pressure and the gold sector in the doldrums. Chairman Andrew Bell is at the helm now and steering the ship towards an IPO, hopefully not the rocks lol. This looks like his Valhalla me thinks or last chance saloon. However, POW's CEO Paul Johnson will be waving the flag, very many flags, so this IPO will not be under the radar.

[janhar] 30/9/2021 12:54

Just realised you're an idiot - posting the same ramp on every board!

[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