Management unfortunately have Power sitting at a $25 million market cap after a recent capital raise that was done at a 30% discount to the previous capital raising at .52 cents, not good in my opinion.
Current activities and exploration seem to have been very successful at this stage, so a significant increase in lithium resource is not far away.
I think the increase in lithium resource and a positive PEA should lead to a significant re-rate of the company.
Hopefully Management have the skills to bring some binding agreements to the table soon.
Management have stated this will be a transformational year for Power, hopefully their are some significant updates soon.
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8 | 415314 | 0.115 |
6 | 851600 | 0.110 |
5 | 292000 | 0.105 |
10 | 770500 | 0.100 |
2 | 525000 | 0.091 |
Price($) | Vol. | No. |
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0.120 | 280917 | 4 |
0.125 | 91130 | 2 |
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