Power Metal Resources Share Discussion Threads

[noirua] 05/11/2021 18:40

At least the up and down market in gold finished the week, so far, over $1,800 once more. The whole gold sector particularly in America and Canada is on its knees.

2021 is a disaster, hopefully short term. As EK said about his silver holdings, until people stop piling into cryptos and all the very many other parts of the sector then silver will not rise - words to that affect.

So companies are putting off mining IPO's particularly now that the iron ore price has fallen and copper heading down.

So just maybe people should accept waiting and Power Metal are advancing slowly many projects to an IPO or the interests they have are. Just do not pressure PJ too much to float NBGC at the wrong time - now is the wrong time. AB knows this more than anyone but Red Rock's situation is quite different to POW's - however RRR has more cash now anyway and maybe drilling results in Kenya will be at least quite good.

So generally just let the 50 days to Christmas pass and just maybe after Easter things will be back on track.

[mikedon1946] 05/11/2021 11:26

PP - I like the way PJ has set this up I think Head office is limited so deals with your point about Bureaucracy with the structure Power has each project only has a part of the costs of the central management to cover.

Each area of investment has its own administration, but if we could have invested in one of these it is hit and miss on AIM, and more chance of a miss.

With Power we have 13 projects (unless there is another while I type)anyone of which could be great, I trust PJ as being better than myself at finding good possibilities and possibilities that we would not get access to any other way.

I am please with the approach to being a company that finds opportunities, develops them and then (Hopefully, being tested over next few months) moves them on in the development cycles to IPO,JV or other means of increasing the value of Power.

I cannot see any other company with this sort of approach, and I think a lot of people with projects that will suit this style of operation will be knocking on Pauls door, giving us even more and better chances of increasing the share value, of course there is still a chance of failure but the signs are good, as one or two projects that fail will not sink the ship. IMO

GLA

[pensionplanner] 05/11/2021 10:43

Mike. I don't doubt Paul is working hard for Power, but my point about bureaucracy holds true. If you have several entities within the same PLC it must represent more bureaucracy, more directors, more expense and often less transparency.

I'd prefer everything was conducted via the one entity.

I am a holder and its encouraging to see the portfolio expanding, especially in areas that will be strategic in electrification.

Was nothing personal in my comment about Paul,

[noirua] 03/11/2021 12:24

Further warrant conversions yesterday at 0.7p is inviting another sale for a 140% profit.
On the other hand we need to remember the fall to 0.25p followed by a rise to 3.45p, up 13.8 times and probably the best performer in the sector - leaving GGP in its wake.

[thiopia] 03/11/2021 12:08

Chart is looking awful. You can't buck the market and unfortunately the market for small juniors is going to get very difficult. Especially the dirt kicking variety that Paul loves.

Big Head and Shoulders pattern can easily see sub 1p IMO

[noirua] 03/11/2021 12:05

Maybe I'm saying what every one knows. Anyway, it's a matter of just watching as markets remain dreadful and trying to call the bottom. Probably between 1.3p and today's price of 1.675p - this is of course complete guessology. However, news may arrive and rocket the share price whilst waiting - as always, there you goes.

[mikedon1946] 02/11/2021 11:45

Yes Paul Johnson contrary to the post from PP, is concentrating on Power . < that is 'full stop'

Paul please just keep doing what you have been doing and our reward for backing you will come, maybe take a little longer but it will come, and I for one will thank you now for your efforts and then for the achievements

[algernon2] 02/11/2021 11:36

I think Paul has stated that apart from his "Family Trust" he has relinquished all other non Power interests in order to concentrate solely on POW and not spread himself too thin as he has done in the past. Share price is currently appalling but a diamond in the rough surely still. Excelsior!

[noirua] 02/11/2021 10:22

I think the information was taken from Companies House:

Power Capital appears to be an advisory company:
Directors are Paul Johnson and Andrew Bell.
It may well be linked to Power Metal Resources PLC in setting up its business foreign entities.

Barbarian Investors Limited:
BARBARIAN INVESTORS LIMITED was incorporated 2 years ago on 22/01/2019 and has the registered number: 11780300. The accounts status is DORMANT and accounts are next due on 31/10/2021.

LTHM Core Limited:
Appears to be purely a family company and quite personal like one I have.

Catalyst Information Services Ltd: Paul Johnson has resigned from his position as director.


Apologies to Paul Johnson for delving into his affairs. It seems there is but nothing there.

[mikedon1946] 02/11/2021 10:11

Pension Planner, most of the entities are part of Power so are part of the PLC

not sure about these three
LTHM Core Limited
Barbarian Investors ltd.
Catalyst Information Services Ltd

but there would not be so much news and action if Pj was not busy with Power business.

[noirua] 02/11/2021 09:54

Hi the_debt-collector, and good morning to you. A bit off topic RRR I know. But could you tell us what we don't know and you seem to. How much cash does Red Rock have presently and how much debt at present? What were the Greenland reparation costs since January 2021? Some debt was due for repayment.
The problem is that if RRR used all the cash raised from sale of Jupiter shares to payoff some debt then they would be short of cash and have to sell POW shares. That is precisely what is happening - back on topic.
POW and RRR shares are low in price and at some point there will be a time to buy - that is our own personal call,
Good luck.

[the_debt_collector] 02/11/2021 06:50

Noirua you simply do not get it do you, your research is useless, in a recent Q&A session Andrew Bell
said RRR has de-geared by £1m, in other words the debt at Red Rock has been cleared.

Stop shorting POW AND RRR, shorting can lead to unlimited losses.

[noirua] 01/11/2021 19:04

I suppose the question to be asked is whether RRR or another warrant holder sold more shares today? There really should not have been a move down on todays news. Red Rock's holding is below 3%.
As Red Rock can't raise cash by selling shares in a placing they are forced either to stop work on one of their key projects or sell POW shares. Their remaining shares in Jupiter look to be held against loans.
Market in small explorers is fragile.

[noirua] 01/11/2021 11:28

Pilot Mountain:

Tungsten Price:

[noirua] 01/11/2021 09:12

It does look as if THOR Mining needed cash for their other projects, gold and copper. So the deal probably favours Power Metal.

The issue of shares at 2.5p is but a smoke screen done by others over the years. The sum paid to THOR was seen in POW shares at 2.5p. See that as really 1.8p - so the sum was really 25.9% less than that.

The main factor in investors minds is whether an IPO of Golden Metal Resources is wise this year in present markets? The company has zero cash with prospects of having to spend. So only a cash raising exercise.

THOR get POW shares and they appear joyous at that prospect rather than retaining an interest in Pilot Mountain.

Overall this is a tad better than neutral for Power Metal. In a better market place it would be good news especially if they placed the IPO sometime later maybe 2022, 2023 or 2024 who knows?

[pensionplanner] 01/11/2021 08:31

I note from CH that Mr Johnson is a busy person. Lists 11 appointments, 8 current.

Personally I'd prefer to see less bureaucracy more progress on the PLC.

Power Capital investments Limited
First Development Resources Limited
Golden Metal Resources Limited
LTHM Core Limited
African Battery Metals Ltd.
Power Metal Resources PLC
Barbarian Investors ltd.
Catalyst Information Services Ltd.

[cashandcard] 01/11/2021 07:47

Pow is just a glorified holding company for a collection of reasonably good to outright poor assets. Don't know why people bother to invest here.The real action is with Kav.

[pensionplanner] 01/11/2021 07:32

Concerned that PJ seems more of a juggler than anything else. More share issued in Power Metals for assets then spin off the assets into another company, diluting Power Metal holders and where if the assets acquired are good, why go through such a convoluted procedure.

All different companies, more admin, more directors, no doubt with plenty of director perks, but let's see some real progress with Power Metals assets they have got.

How about actually starting to produce from assets?

[noirua] 01/11/2021 00:24

Commodities Corner: The Heat is On
31 October 2021


Thanks for the comments guys.

[grimreaper2019] 31/10/2021 09:40

So Red Rock are selling down their 45m shares in Power, well what can one say but Alex Borrelli,
was this the final straw in the Bell/Johnson love in when Bell appointed him onto the BOD of
Red Rock ?

[walter walcarpets] 30/10/2021 18:40

I'll 2nd that; much appreciated Noirua!

[algernon2] 30/10/2021 18:08

Good to know you are on the ball and have the pulse of the readers Noirua. Many thanks for the BB, I know you don't always appear appreciated by everyone.

[noirua] 30/10/2021 13:35

Header being updated this weekend, checking dead links etc.,

[richie32] 29/10/2021 14:39

All good stuff here

[noirua] 28/10/2021 12:37

As previously guessed at, Mr Bell has unloaded Red Rock shares in Power Metal after leaving the post of Chairman - unique timing. The company may sell down further?
Red Rock may see that the IPO of NBGC will have to be delayed or pulled.

Mawson's gold drilling report from Victoria looked quite reasonable. Unfortunately that is not good news in this market as it foresees further expenditure.