POW 0.00% 0.8¢ protean energy limited

Ann: Vanadium Resource Upgrade Program Update, page-5

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  1. 976 Posts.
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    I sold [email protected] today and will sell the rest in this or next week, bonus if any rebounce.
    Let the dealers play the game themselves and kudos to them to piss me off. But I dunno how much they earned from never ending short and a company does not have great FA support. It’s more like a solo and almost all losers at least for now. What a bunch of stupid dealers.
    I read the announcement and compared it with tmt(not held but interested), the latter has much bigger resource, more cash and Mathew walker who owns one third of the company. And its ev has no much difference compared to pow. If tmt is fair valued at current price, pow should be no more than 1.5 cent, don’t forget pow only has 50% right of the JORC and the tax season is coming.
    Good luck to all you guys and I just made my call. I may buy back when the price is around my valuation.

    Btw, I dislike companies that use ppm instead of % to fool people. FYI 10000ppm=1%.
 
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