Power Metals Corp V.PWM

Sinomine deal done

[trader53]

This is great news for PWM although I would have loved to have seen the terms of the offtake agreement. This offtake agreement itself is a material change but the terms of the agreement also constitutes a material change. So are we to assume that Sinomine have the right to purchase 100% of the trifecta of rare earths for a $1,500,000 investment in a PP that is already 30% in the money. If so would any shareholder see this as a fair deal for them?

PWM could of raised the $1,500,000 (Sinomines share) in the market without any agreements. They could of gone back drilling, start preparing their maiden resource and if it as great as we believe there is no doubt the stock would be rerated. Not being negative as I believe that PWM is sitting on a World Class Deposit and there could be more to this story yet to be told. I have a large position in PWM and will add to this position once I understand this puzzling business arrangement between Sinomine and PWM.

[timeforawinner2]

Trader,I see what you mean and totally agree 100% in this day and age for R.E. metals getting a 1.5 million  PP to drill would of been easy to get done,getting some more good drill results would of then set up the company very well to partner because we already know there is a lot of minerals in the ground for the taking and close to rail for easy transportation to mill.The best thing to do