Phoenix Copper Share Discussion Threads

[sportbilly1976] 26/4/2024 14:26

technically, a good intraday reversal given the rise so far this week...I was anticipating a slight pullback

[sportbilly1976] 26/4/2024 14:08

trader - that's entirely your call and risk management should never be mocked or made light of.

I look forward to hopefully welcoming your averaging up re-purchase :)

[trader465] 26/4/2024 14:01

My position here is purely a technical position based on the higher low year to date. I’ll be out if the previous low is broken.

[trader465] 26/4/2024 13:47

Next week for news then.

PXC die hard holders are in a red or black situation

I lifted a small 0.5% position, if the news is bad and the price tanks 50% my max loss is 0.25%. If these clowns surprise us doubters and the price rises I’ll average up.

Adding to losses and averaging down is the fast way to lose your shirt

[trader465] 26/4/2024 13:32

donald pond - 17 Apr 2024 - 09:37:46 - 10675 of 10813 Phoenix Copper (PXC) - PXC

“On timing of the PFS I was asked if it was on target for this month still and I answered along the lines of “there or thereabouts”. I’d urge people to focus on the content of the PFS: if it comes out on 27 April or 4 May it really isn’t material”

[kooba] 26/4/2024 12:04

This in the fundraising material ..'As announced on 18 January 2024, the pre-feasibility study ("PFS") for the Empire Open-Pit Mine is nearing completion and, barring any unforeseen delays, is anticipated for delivery to the Company by late Q1 2024 or early Q2 2024. The final PFS report will include a comprehensive mine plan, mineral processing design, compliant mineral reserves calculated as deliverable metal for smelting or refining, net of mining dilution, detailed operating and capital cost estimates, and final economic analysis and cashflow. The completion of this report will represent a significant milestone for the Company and will enable the Directors to make final amendments to the Plan of Operations for permitting purposes and, subject to finance, to procure the remaining capital equipment items."Still unclear from company sponsored posts what "anticipated for delivery to the company" ...means and from who..talk of 17 consultant reports ..but who is collating it all into a single piece of work with conclusions that can be professionally signed off by a accredited competent person and released??So they missed late Q1 and i guess May is stretching early Q2 timetable so i think there is reasonable expectation before the PFS should be available by end of this month ..backed up by Post 10624DP PFS expected this month.Company should clarify is there are any unforeseen further delays.

[sportbilly1976] 26/4/2024 10:22

was there a communication saying definitely, without exception it would be in April?

[trader465] 26/4/2024 10:01

So according to DP we will see an RNS before the end of the month, ie Monday or Tuesday at the latest

[colsmith] 26/4/2024 09:59

ZB - $1.4BN in the ground makes the point; drivers are, that unless the world tanks copper(and the other crucial stuff) will be needed big time and anyone with the stuff will at some time deliver it or someone else will deliver it for them.

.

[zb27] 26/4/2024 07:40

Paul, apologies the only AIM resource share I have, so no idea. I'm sure plenty up and also plenty down.

Anyway let me get this right:

In Situ Value of Empire Mine (Copper, Gold, Silver) at today's commodity prices is ~$1.4 Billion

Only 1% of PXC has been explored to date

About to release PFS, and issue bond finance, to get into production

Current market cap £20m LOL

[paulhopeful] 25/4/2024 22:55

zb27: you have missed one thing off your list .. all junior miners that I’m invested in have risen over the last month or so, Has the market finally turned? A rising tide floats all boats.

[zb27] 25/4/2024 15:55

IMO We will see 30s before PFS and Bonds news drops. Aniticipitation, FOMO, and the small free float will drive this up.

Hit 39p only 6 months ago in anticipation of Bonds news being delivered, when copper price was $3.55, it's $4.57 today!

Also the huge news of Anglo/BHP will have put all Copper Assets in firmly in the shop window.

[donald pond] 25/4/2024 12:33

The feasibility study brings together about 17 different consultants reports iirc. The ballpark figure for construction is in the $60-80m region, but could be reduced by the judicious sourcing of second hand material.

[rainyrain] 25/4/2024 12:13

Why are people talking bonds when you have no idea what the initial Capex is? Can someone give me a ballpark? 50 million, 350 million? Who is doing this feasibility study and how likely is the Capex and IRR going to be anywhere near the true Capex and IRR plus NPV?

All imho of course!

[investingisnteasy] 25/4/2024 12:10

I'm guessing that each plan has it's merits, but Plan A may have a greter upside to shareholders, Plan B less so, and Plan C could be quite detrimental to us, but gets the show on the road.
B and C could be waiting in the wings, but they want to give plan A as much time as possible to complete for the benefit of us all, including directors.

While the directors haven't invested significnt amounts of cash into this they do hold a reasonable number of shares,and Richard Wilkins has previously stated that this is his pension plan. I'm sure they want to best option available for all of us even if that takes a bit longer to complete.

[kaos3] 25/4/2024 11:48

i would be glad to hear why plan B or C are not triggered. or they were triggered and no one was interested.

hard to believe. honest info would be good. not hiding it in a fog. because of the non disclosure clauses....

non disclosure is namely not absolute as far as i know.

hence i have distrust

[soulsauce] 25/4/2024 11:14

Exactly cyberhub and that might be the best way to go if they can't fund through the bonds.
Having to go down the equity route is not worth thinking about.

[cyberbub] 25/4/2024 11:10

Companies make profits or losses obviously. But ultimately any company is valued on the basis of what a bigger fish might pay for it.

[soulsauce] 25/4/2024 10:55

Trader of course the copper price is relevant if only to make this asset very interesting and valuable to others.

[sportbilly1976] 25/4/2024 10:52

trader,

on the premise of your last post, why is any miner, O&G play on the LSE valued at anything >0 if they aren't producing??

[colsmith] 25/4/2024 10:43

Thanks ZB, interesting article. This all suggests that demand/supply over the next few years is weighted to demand over supply. That being so any company with copper be it in ground but not yet being taken out, or in production, is if one likes stored to satisfy part of the supply deficit that seems to be coming. As such a company like PXC should be valued on what it's got in the ground even before production. This seems a practical view if one considers the drivers are the net zero target (electric everything) and the apparently massive greater need for electricity due to AI and more data centres needing much more of the electrons and their copper transport.

[klondykejohn] 25/4/2024 10:42

should break 15p today. pfs imminent. Some good news on the horizon?

[trader465] 25/4/2024 10:39

The copper price is irrelevant, PXC have no mine or revenue. What will PXC EPS be in 2024 on the higher copper price?

[zb27] 25/4/2024 09:58

Copper price is racing away.

IMO 60p+ on PFS and Bonds, essentially derisks the whole project in one of the safest jurisdictions in the world, and opens up the opportunity of the bigger prize which can be explored.

This is much much more than just going into production, it's what this will allow. Not many understand the whole picture,once the news embargo is lifted, I'm sure it will all make sense. Always been told there is much more going on that meets the eye.