Share Name Share Symbol Market Type Share ISIN Share Description
Power Metal Resources Plc LSE:POW London Ordinary Share GB00BYWJZ743 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.825 3,106,222 15:04:59
Bid Price Offer Price High Price Low Price Open Price
0.80 0.85 0.825 0.775 0.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.04 -0.62 -0.05 12
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:51 O 117,752 0.845 GBX

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Date Time Title Posts
02/7/202212:35POWER METAL RESOURCES PLC 1,633

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Power Metal Resources Daily Update: Power Metal Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker POW. The last closing price for Power Metal Resources was 0.83p.
Power Metal Resources Plc has a 4 week average price of 0.78p and a 12 week average price of 0.78p.
The 1 year high share price is 2.41p while the 1 year low share price is currently 0.78p.
There are currently 1,476,378,266 shares in issue and the average daily traded volume is 6,252,724 shares. The market capitalisation of Power Metal Resources Plc is £12,180,120.69.
grimreaper2019: If Johnson aborts the warrant model it will be beneficial to all those who have bought higher up. So Johnson accepts that the .75p warrants are having a detrimental effect on the share price, well done. Mr Grim knows his onions, maybe Johnson is in alignment at last, if so the share price looks a fair bet for recovery when markets/sentiment returns. July 20th no more .75p warrants, as it stands it looks like the vast majority remaining will go unexercised, good.
noirua: Mining shares including gold shares in particular continued their downward path in Australia overnight. The end to the drop does not yet look insight. This won't continue forever but the capitulation may be set to worsen. The concern is that profitable producers are falling badly and non-producers even worse. People are selling it seems just because the share price is going down and for no other reason - a share price collapse alone can destroy a company as its value falls below its loan book. If a company has costly maintenance tenements and exploration costs this is also a telling factor. Loads of cash in the bank and little or no debt is the life saver here and maybe Valhalla eventually beckons.
yasxii: Interesting that there are now only 23 trading days left before the .75p warrants expire, one wonders if POW shares will respond positively as the clock ticks down. There will be no in the money warrants left to suppress the share price thereafter, POW was a 'popular' stock so maybe some buyers will return pre/post expiry day.. Application will be made for the Subscription Shares to be admitted to trading on AIM which is expected to occur on or around 20 July 2020 ("Admission"). Following Admission of the Placing and Subscription Shares, POW's ordinary issued share capital will comprise 763,216,542 ordinary shares of 0.1 pence each.
grimreaper2019: There still appears to be no sector recovery in sight, one wonders how POW are going to fund all their projects in such poor markets, Johnson has hinted that some may be ditched, one suspects he is regretting taking on so many. POW share price will come under pressure over the next 4-6 weeks as warrant holders rush to forward sell and convert their .75p golden tickets. At the close of play Wednesday it looked like there are 50m left, end July is the cut off, how low will POW shares go, 50m is a large number given recent volume.
noirua: -- Power Metal has signed a conditional agreement to acquire an additional 58.7% interest in the share capital of Kalahari Key. -- Power Metal to acquire a further 15,002 Kalahari Key shares for GBP807,348 payable through the issue of 46,134,171 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") shares at a price of 1.75p per new Ordinary Share. Full transaction details below). -- Following completion and a restructuring of the MFC Project interest Power Metal will hold 87.71% of Kalahari Key which will wholly own the Molopo Farms Complex Project on completion (an increase of approx. 35% from the current circa 53% MFC Project effective economic interest held by Power Metal). -- Power Metal will become operator of the Project with immediate effect and will look to accelerate exploration, including a next stage drill programme.
grimreaper2019: 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.
yasxii: In 12 months POW has issued nearly 500m shares, from 872m to 1.35b, many of those share issues have come from warrants priced sub 1p, no wonder the share price has no traction. POW continue to go down the warrant route, the reason being POW's SI Capital clients demand them, this is how POW manage to get their placing prices near market rates but the penalty is continued forward selling of warrants once a profit is evident, this stalls the share price over a long period of time. It could be argued that POW succumb to the whims of a minority of investors (SI clients) to the detriment of the rest of shareholders. Has Johnson ever considered the majority over the minority one asks? Maybe the majority would prefer a 10%/15% placing discount verses tens of millions of warrants issued to a privileged few. Powder puff media interviewers do not ask such sensitive questions of course, it is very noticeable that POW are rather shy of showing how many warrants remain to be converted and at what prices, something prospective investors would be very interested in ! Another question, how many shares need to be issued to propel all the projects, many billions over the next few years one would suggest, the BOD will continue to endow themselves with options and bonus to counter the dilution of course. Promise to tell the story, the true story and nothing but the true story !
noirua: Cash raising almost always is a negative move purely as the share price is concerned. However, after the dramatic falls in the sector it is unlikely to affect the POW share price due to the enthusiasm of the company's CEO. The silver results were promising but a long way to go, though the interest could be offloaded at a price higher than paid, which is good news for POW's asset valuation.
the chairman elect: Power Metal Raises £1.05 million to Accelerate Operational and Strategic Opportunities Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces the Company has raised £1.05 million through a placing of new ordinary shares of 0.1 pence each in the Company as detailed below (the "Placing"). HIGHLIGHTS: - Power Metal raised £1.05 million at the closing market mid-price of 1.75p on 12/11/21. - Funds raised to enable acceleration of business operations including strategic exploration activities and corporate opportunities. - Power Metal working capital comprising solely cash and listed investments increases to circa £3million. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: " The new shares issued in the Placing undertaken by the Company represents dilution of just 4.5% of current issued share capital and adds a material further cash resource into the Company at this opportunistic time. Power Metal has maintained a strong working capital position throughout 2021, notwithstanding significant investment in exploration and corporate development. The Company is now at a key point where extensive exploration activities are underway and corporate activities are intensifying. The Placing will allow the Company to expand its exploration budgets, accelerate corporate work and complete on a number of new initiatives. The Power Metal board have been unable to participate in this Placing as we are actively involved in a number of initiatives that due to the possession of potentially price sensitive information would preclude us from buying the Company's shares at this time."
noirua: 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.
Power Metal Resources share price data is direct from the London Stock Exchange
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