Power Metals Corp V.PWM

Timelines

[VeritasVern]

Anyone know what the timelines are from drill to news release of assay results? I imagine they are quite official and would have major liability so likely longer than thought? Would a micro-cap company have to wait longer than a blue chip stock?

[Seizeium]

Whaaa?

[remucker]

i,m starting to think they are waiting till they have all the drill results from this drill program before releasing any news 

[ErnieWorthing]

Yeah, seems that's got to be it. They really should have updated the market though. It's been sinking on the silence. Such a waste after throwing away 300k to pump the stock. Just really odd behavior all around...

[VeritasVern]

I would agree, $300K proved to be just an opportunity for swing traders to do their buy/sell strategy. Micro cap stocks without material news will always perform this way. Management should know this shl!t why waste $300k for simplly and up/down price movement. In hindsight they should have waited to promote the area about a week before releasing the assay results. That way we would have had two

[frewil11]

It's always the same with these companies,  people waiting for drilling results , 2 to 3 months are pretty standard for turn around time with labs , the waiting is tough , GL.

[Silverfox1946]

I believe they are still drilling 

[remucker]

they get 300k  plus 200 thousand stock options at 40.5 cents .  i would like to see just what they have done to date to promote this co.  they have a 6 month contract that expires in sept, 

[VeritasVern]

Do the options expire? This could be very lucrative for them, at our expence that is. If the stock takes off it will be driven primarily by assay results and little to do with the promotional effects. We have already seen them in action when the stock ran up in April but that was mostly pointless as it then declined to $0.29 so only benefitted the swing traders. It is pointless to have these guys