Power Metal Resources Share Discussion Threads

[noirua] 29/3/2022 12:07

Ditau Project, Botswana:

Like all drilling, this is a gamble. However, Kavango has its drilling rig ready which is a plus sign here. That doesn't mean they will find anything commercial or I suppose doesn't mean they won't - Good luck!

[noirua] 28/3/2022 09:13

Uranium has reached $56.70 rebounding from the fall to $49.90 last week.
Live price of Uranium:

The negatives are all to do with KAVango and KAToro - they are significant.

Hesitation on all IPOs is not helping.

[burtond1] 28/3/2022 07:19

A big portfolio with very strategic projects for @PowerMetRes "...We should see a certain ramp up in the junior resource space with the major metal run happening now..."Here, #POW CEO @pauljohnson9691 expands further with @TMSreachhttps://total-market-solutions.com/2022/03/power-metal-resources-march-2022/

[danmart2] 24/3/2022 14:22

Another welcomed RNS, some investors are expecting more good news prior to the end of the month AGM

[noirua] 24/3/2022 09:06

Live price of Uranium:

The live price of uranium had improved to $55 per lb but has fallen back to $49.90. Uranium was above $100 per lb (2007) in the glory days prior to the Japanese disaster in 2011. BHP has a large mine in central Australia that was due for expansion but was mothballed.
The important factor here is the price needed to make a new mine profitable? If BHP makes an announcement to extend their mine that would give a lead.
Until then Power Metal's interest in Canada continues to be a long shot that may or may not come off. Good luck POW!

The little bits of good news are slightly outpacing the little bits of negative news. From the chart, a few posts back we can see that POW is going up whilst POW interests via KAV and KAT are going down - your call.

[noirua] 23/3/2022 21:05

The Aussie dollar continues on its march upwards against all other currencies. This makes assets held worth more though any costs paid for from the UK will cost more. Overall this should be beneficial at this stage IF an IPO happens.

[danmart2] 23/3/2022 10:29

Molopo Farms is an easier site to flip, Mayne a question for Paul as to why we don’t buy out KKME and flip it ourselves.

[kilijarslan] 23/3/2022 08:25

Ain't no 1 trick pony here.FCM listing is a biggie too!

[soulsauce] 22/3/2022 16:33

I don't think Kav are losing the plot Noira but the start to the year has not been their finest.
On we go with Ditau which is good but PJ has his work cut out getting any work done on Molopo now.
Hopefully he can get a bigger name involved than Kav which may persuade the KKME lot.

[noirua] 22/3/2022 14:45

Today's RNS does confirm Ditau drilling but kinda makes it look as if KAVango is slightly losing the plot here. That makes it unfortunately a bit negative for Power Metal with a partner not 100%.

[soulsauce] 22/3/2022 09:44

Being an investor in both POW & KAV Noira, I think KAV investors are wondering why they have not started drilling at Ditau as planned and wonder how they are going to now pay for this acquisition as the original plan was scuppered by the disappointing news from the KSZ.

[noirua] 22/3/2022 09:36

It looks as if investors in Kavango are not enthusiastic about yesterday's RNS even if it was expected. Appears neutral to Power Metal.

[noirua] 21/3/2022 14:04

2pm - 21 March 2022 - Further to the announcement on 02 March 2022, Kavango Resources plc (LSE:KAV) announces it proposes to make an offer to acquire 100 per cent of the issued share capital of Kalahari Key Mineral Exploration Proprietary Ltd ("KKME") (the "Provisional Offer").

KKME has a 60% effective economic interest in the Molopo Farms Nickel Exploration Project, Botswana.

The Provisional Offer will replace the proposed deal terms outlined in the Work Programme Option announcement (announced 26 November 2021).

Subject to the Provisional Offer being accepted by the holders of at least 90 per cent of the shares in KKME, Kavango will publish a detailed exploration plan on Molopo Farms potentially including immediate diamond core drilling.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"This has been a complex transaction to close, dealing with a number of minority interests. A deal structure was agreed last week with eleven of KKME's twelve participating shareholders. Our new offer to KKME's shareholders is straightforward and reflects those terms. Molopo Farms has significant potential and Kavango has the team on the ground to accelerate exploration here rapidly. We have a drill rig ready to mobilise that we've waited long enough to deploy."

[kilijarslan] 18/3/2022 15:58

Ooh, could this be an Elliott wave forming. I are we on towards wave c now?Can any chartists confirm?If we are then we could be looking to break 1.5p next

[noirua] 18/3/2022 12:28

Very difficult here. Even solid gold producers find their share price low.

Example 1. One I've held awhile DRD Gold in on a yield over 5% and the share price has been between $8 and $19 and stands under $10.00. So producers are under the cosh as well. Market cap $900 million.


Example 2. Newmont's market cap of $58 billion on a yield near 4% and priced at $73 has recently perked up. Hit a low in 2019 of $35. So the Big cap giants are recovering well though it hasn't worked its way down even to the medium caps or large-small caps. Noting a company in the states worth $80 million is a microcap.

So we can see it is not only a microcap explorer that is suffering.

Where next? Maybe just maybe the present situation has moved to a bit better than just rolling the dice.

[kilijarslan] 17/3/2022 18:49

Grim reaper you've not been around long have you?PJ has assembled a fantastic array of opportunities for POW and every profile of the companies investments have been used well and proper.It's similar to saying BTC in 2017. What happened after that?The commodities bull market is about to begin imoAnd PJ has done it before and about to do it again. This time with POW

[noirua] 17/3/2022 17:56

Cash positions among professional investors have hit the highest level since the peak of the Covid-19 stock market crisis in April 2020.
17 March 2022

[soulsauce] 16/3/2022 22:32

I don't think he is worried because he has seen it all before.
He knows what he is building here and juniors will have their day in the sun again.
With the plethora of projects Pow has, when that day comes this should rerate significantly.

[grimreaper2019] 16/3/2022 21:40

The POW business model still remains under pressure, they are waiting for market conditions to improve for junior resource stocks, but when ?

They are unable to get IPO's away because of poor sentiment, until it improves cash is draining away and the share price slumps as operational progress inevitably slows.

Privately Paul Johnson must be quite worried as his personal wealth dwindles with the declining POW share price.

[noirua] 16/3/2022 13:32

POW needs the company to announce a date that an interest is to IPO. NBGC is taking forever and that is the case of all the others that are prospective IPOs. Just not good enough for the market to take any RNSs seriously enough. It is the case of please do buck up POW.

[danmart2] 14/3/2022 11:13

Molopo Farms update by Friday (deadline 18th)

[noirua] 12/3/2022 12:03

9 March 2022

Correction POW has a 49% interest in NBGC, not 50%. Important as Red Rock is a majority holder.

Starts 6m 40 seconds in unless you want to hear views about the Russian invasion of Ukraine. You can stay on board for an Echo.

My own view like many is POW awaits a return of investors into the microcap exploration sector. The share may well double or treble if that happens. The downside is that matters stay the same and June has that chunk of warrants at 0.75p. Your choice!