PNN 4.00% 12.0¢ power minerals limited

So why is Powers market cap at $20 million, does the market lack...

  1. 469 Posts.
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    So why is Powers market cap at $20 million, does the market lack confidence in management?

    Argentina lithium by example has given away 20% of their projects for aud$140 million, so far power have given 30% of Incahuasi for $3 million dollars.

    In saying that if Summit Nanotech can get Incahuasi into production it will be a company maker and Power will be left with approx 50% of the Incahuasi asset.

    Also the the Ultra Lithium deal has not come to fruition at this stage which is not a good outcome for management, hopefully they get this deal over the line soon.

    Power has huge potential but unfortunately to date management have failed to increase shareholder value.

    I hope at these levels Powers management don't enter into any significant capital raisings that will dilute long term shareholder value.
 
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