Power Metals Corp V.PWM

Proposed Sino deal off the table?

[trader53]

I love the idea that PWM is planning further exploration however it will mean more dilution and yet another financing at .15. A $3,000,000 raise will mean another 20,000,000 shares most likely with a 1/2 warrant for a total of 30,000,000 shares. There is also a possibility of a rollback as PWM have no cash and debt owed to the insiders that will need to be settled. Just another example of yet another Venture Company lead over the cliff as a result of their need for cash. Interesting Property but just how do you play it with even a reasonable risk reward scenario? Its hard to find the reward in its risk reward profile.

[frewil11]

They would only have around 120 million shares outstanding and you say rollback , most of these juniors have over 2 or even 300 million shares OS , and why would a PP be done at .15 when they have been trading at .20 or over forever it seems , it did state that they have a number of proposals on the table , but good analysis , lol. . 

[frewil11]

We wait for another year or so to put an update out or what , cmon get a plan here a small drill program or something , you got the best geologist for this kind of ground around. BRUTAL  

[Livetotrade]

The deal with the Chinese and Sino was sunk as soon as the relationship between Canada and China went south.  The politics of the time mattered.  Secondly the price of lithium deteriorated and shifted the company focus to Cesium which economically was the only option the past couple of years.  I bet the LOI was a one year contract and it expired in Sept 21  now we see action

[frewil11]

I just noticed they have a presentation put out this month on Case Lake and have a planned drill program for 2021 [ I think ] 10000 Meters and cost of 1.5 million , I imagine the next news release will be a raise or joint venture because they did state that they had a few offers in their Oct 12th release.