Power Metals Corp V.PWM

The Lithium market heating up and this is just the start!

[trader53]

ML gets a TO bid of $4.50 from an American Company then the Chinese step in and offer $6.50. This sector is going to explode IMO.
No one is paying attention to PWM as they have been in hibernation for the last three years. What they have done over the last three years is complete the option to earn 100% of both Gullwing and Paterson Lake. They also secured a 100% interest in an extension of the Gullwing claims. In the latest news release they disclosed they have recieved multiple expressions of interest but chose to develop the property on their own for now. I believe that this was nothing more than a negotiating tactic and we will see a deal done in the new year. The risk reward ratio on PWM could not be more favorable IMO. Full disclosure is I hold a large long position so do your own due dilligence as I have the ultra bullish glasses on.GLTA

[frewil11]

It was a little bit more than just interest , the last news release it stated on Oct 12th the company stated that they had received multiple partnership and off take agreement proposals from several groups.

[trader53]

Agreed and whats most interesting is there is no way that PWM would possibly make this statement without proof that indeed they were approached. This just leads me to believe that PWM suggesting they would move ahead with exploration is nothing more than a negotiating tactic. Mr More has a reputation of driving hard bargains just take a look at STE. I never take positions unless I feel I have an

[frewil11]

Ya I have shares in STE also , look at the share structure on that one , notice how any financing they do is all institutional it seems and they just had to dilute a whopping 1.4 million shares to nearly get 4 million cash , they are in a great position for a junior , probly better than 95% of them.