Power Metal Resources Share Discussion Threads

[noirua] 20/10/2021 17:04

There are some sleepers amongst the HOLDINGS side of the company - maybe taken some Belsomra. Namely 1. ALOMO PROJECT, Arizona - 2. AUTHIER NORTH PROJECT, Quebec, Canada - 3. DUVAL EAST, Project, Quebec - Golconda Summit – Carlin-type gold project -Stonewall – Epithermal-type gold-silver project - Garfield – Skarn-type gold-copper project

[noirua] 20/10/2021 16:36

The news out is mildly encouraging. Not so much about the amount of the funding but at least positive confirmation of moving the Patterson Wallal project forward, despite it being at an early stage.
It will need drilling results that are commercial to really inspire confidence.

Some improvement in the gold price is a bit of good news for NBGC if it holds. The silver price also with the Silver Peak Project though a need to get it to a commercial stage first. No cheering yet but the tortoise is going the right way.

[johncasey] 20/10/2021 14:54

nice...rns just dropped

Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:

"In 2021 we have applied resources to build our knowledge of the Wallal Project and refine our understanding of the three large scale magnetic bullseye anomalies. That work has continuously yielded positive outcomes and we are particularly excited at the discovery potential the Wallal Project offers.

Securing government co-funding for the Project further enhances our confidence. Aside from the benefit of co-funding to mitigate financial outlay, the co-funding further demonstrates the validity of our exploration plans in respect of this potentially company transforming opportunity."

[noirua] 20/10/2021 11:41

My own guess is the IPO of NBGC will go ahead as Red Rock have a majority holding and the executive directors of Red Rock really need to get this away before their AGM in January or February 2022. Some may also think AB in particular needs this to succeed.

Much will lean on GCAT's success with the share price 60% over its IPO at £0.01. Needing also to watch that gold price and crossing every finger it will go to and stay above $1,800.

[noirua] 20/10/2021 10:51

A reminder to us that shares were first issued at 0.5p each plus warrants priced at 1p each. The shares fell to a low in March 2020 at 0.25p and subsequently a high of 3.45p. Presently at 1.725p up 245% on the IPO and 590% on the low point.

So from the above POW shares are doing outstandingly well due principally to the company's now CEO.

In my view, does the company need a Chairman? Answer, basically no. A combined roll of Chairman and CEO is quite sufficient. Longer term IF all goes to plan then yes.

[m1sterx] 20/10/2021 09:52

No real answers given concerning the Aussie IPO, on the one hand Johnson said it
would be worth waiting for market conditions to improve but on the other he said
it was all systems go. So which is it?

The IPO might appeal to investors regardless of market conditions because of it's location. It
seems they want to start drilling this year, the funds will have to come from a market listing
therefore.

[pensionplanner] 19/10/2021 17:32

A little bit murky for my liking? Its not £1m unless they have cash in their hands and for a company not even listed yet, the shares could be worth zilch.

Likewise, if its thought worth investing more money into FCM based on the asset 'sold', why sell it!

A little bit of smoke and mirrors, but happy for someone to suggest otherwise.

So what are FCM intending to IPO at as it does pose the question as to whether then it would have raised more for PMR IPO'ing it?

[noirua] 19/10/2021 16:40

Having listened to the podcast there is a thought in my mind that it would have been better not bothering. Mainly the important questions were again not asked so absolutely nothing has changed unless of course this was the first podcast on Power Metal that was watched. Maybe under House of Commons rules I'd have asked some questions.

It appears that there is a distance between Power Metal and its 13 interests in that no one actually gets their boots dirty. It is a holding company in all but name with a discount of around 25% - maybe that is the problem. A questioner button holed that one and PJ waffled all over the shop - he should have accepted that as covid has made it that way. At least PJ doesn't go off on a jolly - respect on that point.

I have one interest myself in a holding company with four interests and the only real contact is through both sides directors with an occasional visit. Easy being a private company with few shareholders as a monthly short newsletter suffices. If it was quoted the directors would be in trouble as they are part time to keep costs down and the secretary is only there on Monday afternoon and Thursday. Also the floor is shared with two other companies to make it even cheaper as there really isn't that much to do.
Hopefully this doesn't in anyway resemble Power Metal.

One of Australia's biggest copper and nickel finds was at Nova. In that case the MD lived in a tent in the outback all the drilling season.

[noirua] 19/10/2021 16:21

Podcast - 18 October 2021

[jaforsadi] 19/10/2021 16:20

And the prize for the most rns ever goes to Paul JohnsonWhereby nothing happens to the share price apart from go down

[noirua] 19/10/2021 11:47

Presentation 18 October 2021:

[noirua] 19/10/2021 11:43

My own view is that an IPO of NBGC now would be a fire-sale exercise needed by Power Metal like a sore thumb and by Red Rock to pour iodine on theirs - painful however you look at it.

Power Metal is just like a plastic duck in the magnificent mining waters of the world. It will be swept along with it like it or not.

[noirua] 19/10/2021 11:36

From memory it was a joint exercise between Power Metal, Red Rock, Mr Paul Johnson and Mr Andrew Bell to basically save African Battery Metals PLC ( now Power Metal Resources PLC ). So it looks like it was an early agreement rather than anyone making appointments.

[greekhovel] 18/10/2021 14:25

Seems to be some co-ordinated short activity at both POW and RRR, same trolls on both bulletin boards trying their best to destabilize.

[noirua] 17/10/2021 21:22

I hope they ask the questions PJ does not want to answer rather than easy questions most of us could answer from information already received in an RNS. PJ is an excellent CEO but it would be better stumbling on an answer to an unwanted question rather than having a pleasant ride.

Studio microphoneLive Q&AStudio microphone
Monday 18th October 7pm
@StockBoxMedia
will be hosting a live Q&A session with @PowMetRes CEO
@pauljohnson9691
on Telegram #POW

yasXII - 11 Oct 2021 - 09:22:01 - 1190 of 1204 POWER METAL RESOURCES PLC - POW
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 ?'


Noirua - 06 Oct 2021 - 18:38:14 - 1183 of 1204 POWER METAL RESOURCES PLC - POW
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.

[yasxii] 17/10/2021 09:21

Andrew Bell said that the IPO of Ballarat Gold could come within a couple of weeks in his latest
podcast with Stockbox.

Both PJ and AB have said this will be a material event for both POW and RRR.

The question remains at what valuation, given POW has a market cap of >£20m to be material
one would suggest the IPO would need to be high % number of their market value.

Time will tell, it is clear that the IPO will be more value enhancing to £7m valued RRR
than POW though.

[kennyruss] 17/10/2021 07:07

POW interview on Telegram Monday 18th 7pm

[richie32] 15/10/2021 11:32

Yet more good news today

[noirua] 15/10/2021 02:01

I listened to the podcast in the header though it appeared like two people on the same hymn sheet singing tidings of great joy whilst at the same time wiping tears from their eyes. One reason not mentioned and we all know is pushing the price down is those warrant conversions. At least PJ has agreed with many of us that now is not the time to IPO - whether late this year or early next has to be very uncertain.

Both the friends agree and finished the interview content. However, no mention of Katoro where the share price has well and truly tanked. Kavango shares are doing well in the market but the outcome here could be telling either way. KAV has been as high as 6.35p and as low as 4p fairly recently so both KAV and POW are a gamble on what happens here.

It looks as if it may be still sitting on your hands time as far as IPOs are concerned and doing just necessary work. Take out your worry beads and prayer mat whilst looking across at the goings-on at Kavango. So by January POW shares could be 3p or 1.3p depending.

Times are not as bad as 1987 - 1992. In that period if a company struck high-grade gold the price fell, sometimes sharply. Shareholders thought Hell they will want to drill more holes costing more money - for heaven's sake stop drilling. I remember Endeavor Resources Limited ( now St Barbara Limited ) falling from 36p to 9p in one week then falling further to 1.5p. 7 years later they hit A$2.80 £1.50 which shows how times change.

[noirua] 14/10/2021 11:27

Two 5.3 million share trades today look like a flip. The shares look vulnerable due to warrant conversions.

[noirua] 14/10/2021 00:03

Copper Edging Toward All-Time High Territory
14 October 2021

[the chairman elect] 13/10/2021 16:46

Yes exactly Noirua with GOLD stocks such as soon to be Australia's next major producer based in WA namely Calidus Resources / ASX:CAI