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 $3 million dollars.
In saying that if Summit Nanotech can get Incahuasi into production it will be a company maker and Power will be left with approx 50% of the Incahuasi asset.
Also the the Ultra Lithium deal has not come to fruition at this stage which is not a good outcome for management, hopefully they get this deal over the line soon.
Power has huge potential but unfortunately to date management have failed to increase shareholder value.
I hope at these levels Powers management don't enter into any significant capital raisings that will dilute long term shareholder value.
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4 | 750701 | 0.120 |
4 | 709669 | 0.115 |
2 | 527000 | 0.110 |
5 | 910238 | 0.105 |
Price($) | Vol. | No. |
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