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Bullboard - Stock Discussion Forum Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists... see more

TSXV:PWM - Post Discussion

Power Metals Corp > where the shares are placed
View:
Post by trader53 on Mar 06, 2023 11:35am

where the shares are placed

Its not so much the numbers its more about where the shares are going. The Fund is taking down 3,900,000 shares ($2,240,100) Winsome is taking down 6,550,000 shares ($3,733,500). That is $5,973,600 leaving 500,000 shares available to retail. Well placed!
Comment by oldmilwaukee24 on Mar 06, 2023 4:29pm
Amen. I fully understand the market reaction today, but long term this is fantastic news. Anytime you dilute, most likely going to see some weakness.  Overall, I really like this deal. Looking forward to more updates in the near future! 
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