Power Metal Resources Share Discussion Threads

[danmart2] 13/2/2022 16:38

Gold article, thoughts?

[noirua] 12/2/2022 13:12

Gold shares rose in the 'after-hours market' in the USA by up to 12% by the close at 1 am GMT.

[danmart2] 10/2/2022 17:59

One major plus point of POW is the availability and interaction of the CEO.
Refreshing

[noirua] 08/2/2022 17:23

Anyway, this looks the best bet today:

[tomboyb] 08/2/2022 16:01

I hold KAT -

If Haneti comes up with Nickel sulphides in the this market, could be a 100%er -

However risk to reward ratio is quite high -

[noirua] 08/2/2022 15:50

KAVango and NBGC are the two PJ horses in the race that are in the lead. The gold price remains over $1,800 and looks quite stable these days. Whether KAV can come up with the goods on drilling remains a concerning but interesting factor. Every interest POW has is high risk.

What about Haneti? Somehow it's hard to drum up enthusiasm these days. This interest will prove to be a rocket or a damp squib.

[tomboyb] 08/2/2022 11:36

Doing well today -

[noirua] 08/2/2022 11:14

The RNS today appears upbeat but no details of individual companies interested in the Uranium tenements so it appears a general comment.

The price of uranium is $46.50 per lb which still remains too low to advance a very expensive uranium mine. So far POW have done little to advance the tenements.


The announcement is far from downbeat though BHP still has the expansion of their Olympic Dam massive mine in Central Australia mothballed.


Okapi Resources is one to watch though after being very upbeat on its IPO. It has come back down to earth somewhat.

So OK from a 'flip it' point of view whilst retaining a small interest. Otherwise be realistic.

[the chairman elect] 08/2/2022 10:05

RESEARCH ALERT

First Equity Limited has this morning issued a 'Buy' recommendation research note on Power Metal Resources plc# (POW.L) with a 4.3p Price Target valuation versus a current mid market price of around 1.35p per share.


Power Metal Resources plc: (POW.L)
Mid Price: 1.35p
Market Cap: £19.5m
Listing: AIM
Sector: Resources.
Geo: Africa, Australia and Nth America.
Price Target: 4.3p
Recommendation: BUY


"In this valuation note we examine four IPO’s expected to come to the London market in 2022, which are all Power Metal Resources plc (POW.L) ‘Disposal and Spin-Out Vehicle Packages’ (DSOVP). We also examine other identifiable potential IPO candidates ..."

[soulsauce] 02/2/2022 13:27

KAT having a good day. Hope the drilling is going well.

[noirua] 31/1/2022 12:07

PJ has spoken on his Twitter account about the Linton Fault that NBGC are about to drill on. This is information on the Linton Fault:

[noirua] 31/1/2022 11:55

Like it or not KAVango is the upfront big guy in Power's investments. If you think KAV's deep drilling will be a bonanza then POW shares are very good value. If you see nothing much from Kavango's drilling then Power Metal shares are basically not good value at all in present market conditions. As always your call!

NBGC may seem the best bet but gold prices have fallen back again and gold shares, well battered, are finding even lower lows.

[yasxii] 28/1/2022 14:08

PJ said in the interview that POW has £3m but failed to mention this was cash and investments.

I doubt much can be raised by selling the investments in current markets so hard cash remains a worry.

I think I saw a post that if 1.35p goes the next chart support is 1p.

[soulsauce] 27/1/2022 20:14

New interview out on stockbox.

[noirua] 27/1/2022 19:22

2 YEAR CHART.

WINNER GREATLAND GOLD - CONGRATULATIONS.
RUNNER UP POWER METAL.

LOSER RED ROCK RESOURCES - WOODEN SPOON with SOFT BOILED EGG.

ALL COMPANIES ARE IN PLUS TERRITORY.

[noirua] 27/1/2022 19:22

6 MONTHS CHART.

WINNER KAVANGO - CONGRATULATIONS.
RUNNER UP - GREATLAND GOLD.

LOSER POWER METAL - WOODEN SPOON WITH HARD BOILED EGG.

AL COMPANIES ARE IN NEGATIVE TERRITORY.

[tomboyb] 27/1/2022 09:40

The Kabanga project is the largest development-ready nickel sulphide deposit in the world in scale and grade, with at least 30 years life of mine. Nickel is used to manufacture motor vehicle batteries.

Delayed now by 3 years -

Could be "good news" for KAT if they hit those Nickel Sulpides -

[yasxii] 27/1/2022 08:11

Looks like the business model here has fallen flat on it's face given continued market weakness.

POW relies on strong markets to get it's intended IPO's away, without those IPO's cash is being drained away and the projects will remain relatively dormant.

The recent placing was a demonstration of the above, this has to be an avoid until the market in small caps becomes more favourable, it could be much longer than Paul Johnson & Co imagine.

Looks like the shares are being propped up by astute news-flow & director and friendly buying, the £20m market cap seems high.

[palace pete] 24/1/2022 15:02

So has Kav many more.

[danmart2] 24/1/2022 12:48

I would consider Kavango while potentially being a game changing discovery, that if it disappoints then POW still has some other irons in the fire to develop.

Interesting 6 months ahead

[noirua] 24/1/2022 12:15

I guess the KAT warrants will not be converted and Power has plenty of cash. At least the gold price is holding over the $1,800 mark which does give some encouragement. Kavango looks like a make or break situation for POW. KAV shares remain high compared to other explorers and worth 1p to 12p perhaps - that's the gamble factor.
The mining sector remains weak putting pressure on Power's share price.

[danmart2] 24/1/2022 11:49

Does Paul Johnson receive a wage or is he paid in shares?

Unlikely a funding raise will be required prior to March to cash in the Katora gold shares which have nose dived to half of the warrant exercise price

[danmart2] 21/1/2022 17:37

Noirua - thanks for the interpretation of POWs situation; much appreciated and further research required.

My main concern with POW is some of the projects are highly likely to not be commercial entities worthy of spinning off into separate IPOs.

It’s just a question of how many of the projects are worthy punts?

[ekuuleus] 21/1/2022 15:27

interesting noirua. So the discount is due to risk, and nothing to do with outstanding warrants?

[noirua] 21/1/2022 14:36

POW is really an investment company that also loans money by taking an interest in quoted and unquoted companies. The only added factor is getting a bit more involved in these interests than an investment company.
This does mean that POW's investment interests are valued in the share price at about a 40% to 60% discount due to the high risk.
The only way forward is a dramatic rise in individual interests by share value or sale of an asset in whole or in part.
The market does not see, at the moment, enough certainty that POW will achieve their goals in the short term.

The warrants are sitting there hanging over POWER. Great for cash income but too tempting for owners to grab a 100% profit and invest elsewhere.

The gold sector and silver is reviving though it remains a wait and see. Watch gold stocks like Barrick and Newmont as a lead to how the recovery is going. A smaller company DRD gold is a lead for medium size.