The most frustrating thing about POW is that it has it all; decent cash position, solid assets, capable management - and yet for years the share price has been disconnected from the fundamentals.
It does mean when the rise inevitably happens, it will deliver relief akin to breaking a fever or perhaps reaching the top of a mountain during a summer biking trip....
I remain of the view, like you Mr Bloke, that POW remains an obvious buy and look forward to the day we can share a bottle of whisky (even virtually) to celebrate when our mutual patience becomes financially rewarded.
Good piece. For me the crucial moment was selling the GMET stake to get some cash - prior to that point I was genuinely concerned cash was a problem. What I am surprised at is the lack of movement since then. I can only put it down to the market believing they will blow all the cash in projects like Haneti. There's a fair rationale behind that but I'd say it's too negative.
Just picking up this point :
"Since GMET, FCM, RRR and AAJ are all listed if you liquidated those into cash"
Large holders can't just do this though - whilst it might be logical mathematically you'd tend to pay a price for unloading large holdings around market price.
The most frustrating thing about POW is that it has it all; decent cash position, solid assets, capable management - and yet for years the share price has been disconnected from the fundamentals.
It does mean when the rise inevitably happens, it will deliver relief akin to breaking a fever or perhaps reaching the top of a mountain during a summer biking trip....
I remain of the view, like you Mr Bloke, that POW remains an obvious buy and look forward to the day we can share a bottle of whisky (even virtually) to celebrate when our mutual patience becomes financially rewarded.
Share buybacks and / or returns of capital are potentially the answer.
Not really possible Richard - they need the cash from sale of GMET to re-invest. The market believes it will blow it all.
An astonishing piece of research, congratulations!
Yet just 12.2p to buy today! What are we missing?
Good piece. For me the crucial moment was selling the GMET stake to get some cash - prior to that point I was genuinely concerned cash was a problem. What I am surprised at is the lack of movement since then. I can only put it down to the market believing they will blow all the cash in projects like Haneti. There's a fair rationale behind that but I'd say it's too negative.
Just picking up this point :
"Since GMET, FCM, RRR and AAJ are all listed if you liquidated those into cash"
Large holders can't just do this though - whilst it might be logical mathematically you'd tend to pay a price for unloading large holdings around market price.