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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phoenix Copper Limited | LSE:PXC | London | Ordinary Share | VGG7060R1139 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.10 | -0.57% | 17.40 | 787,502 | 16:35:07 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 16.50 | 17.50 | 17.375 | 17.00 | 17.375 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | -1.55M | -0.0124 | -13.71 | 21.24M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:07 | UT | 20,290 | 17.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/4/2024 | 12:25 | UK RNS | Phoenix Copper Limited Block Listing Six Monthly Return |
| 27/3/2024 | 07:00 | UK RNS | Phoenix Copper Limited Extension of Warrants |
| 19/3/2024 | 16:49 | ALNC |  IN BRIEF: Phoenix Copper buys pre-owned ball mills for USD1.1 million |
| 19/3/2024 | 07:00 | UK RNS | Phoenix Copper Limited Purchase of Empire Processing Equipment Finalised |
| 04/3/2024 | 14:29 | ALNC | TRADING UPDATES: Beowulf ups Vardar stake; Impellam buyout nears |
| 04/3/2024 | 07:00 | UK RNS | Phoenix Copper Limited Refinancing of Short-Term Loan Facility |
| 19/2/2024 | 07:00 | UK RNS | Phoenix Copper Limited Update: Purchase of Equipment and Debt Refinancing |
| 31/1/2024 | 21:42 | ALNC | EARNINGS AND TRADING: Asia Strategic loss narrows; Verici Dx grant win |
| 31/1/2024 | 18:15 | UK RNS | Phoenix Copper Limited Result of Retail Offer and Additional Subscription |
| 26/1/2024 | 12:35 | ALNC | IN BRIEF: Phoenix down after successful GBP2.7 million equity raise |
Phoenix Copper (PXC) Share Charts1 Year Phoenix Copper Chart |
|
1 Month Phoenix Copper Chart |
Intraday Phoenix Copper Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/4/2024 | 11:18 | Phoenix Copper (PXC) | 10,853 |
| 13/4/2022 | 11:42 | Only worth 3.75p on fundamentals | 8 |
| 28/1/2021 | 21:09 | Pipex - Wimax - the next telecoms revolution | 28,146 |
| 08/8/2007 | 11:09 | OO7 FOR YOUR EYES ONLY | 6 |
| 27/7/2007 | 18:18 | Is Pipex the next gutter stock ! | 36 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-30 15:35:07 | 17.40 | 20,290 | 3,530.46 | UT |
| 2024-04-30 15:22:09 | 16.75 | 15,000 | 2,512.50 | O |
| 2024-04-30 15:21:20 | 17.50 | 222 | 38.85 | O |
| 2024-04-30 15:21:10 | 17.08 | 13,638 | 2,328.69 | O |
| 2024-04-30 14:47:05 | 17.06 | 5,000 | 853.10 | O |
| Top Posts |
|---|
Posted at 30/4/2024 09:20 by Phoenix Copper Daily Update Phoenix Copper Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker PXC. The last closing price for Phoenix Copper was 17.50p.Phoenix Copper currently has 124,928,622 shares in issue. The market capitalisation of Phoenix Copper is £21,237,866. Phoenix Copper has a price to earnings ratio (PE ratio) of -13.71. This morning PXC shares opened at 17.38p |
Posted at 29/4/2024 09:13 by zb27 For an AIM resource company, PXC only have 149m shares in issue, and most are locked away.With PFS and Bonds imminent, both totally transformational, the small free float will put rocket boosters up PXC share price. I just look back at Nov, just a hint of bonds and the share price raced away to 40p. Same will happen this time and beyond hopefully. All about supply and demand, an inflexion point will arrive here very soon when PXC really races away. |
Posted at 23/4/2024 09:56 by zb27 PXC hit 39p only 6 months ago on a slight hint of Bond news coming! Many don't realise the small free float in play.With PFS and Bond news anyday now, with the whole project unlocked, I have absolutely no doubt the share price will easily roll past Nov 23 highs. With Copper price and Gold price 📈, based in US, it's practically right resource, right place, and right time. If they deliver, easy multibag 💰💰&# |
Posted at 23/4/2024 08:58 by 3weeksorso "Few years back, could never ever have imagined PXC at 12.5p on the cusp of funding news"This is most certainly not a good thing "Before any news lands IMO we will March up in the 30s" There is literally no chance of this. IF financing is procured, only then will we see a share price rise 30s. The wishful days of a 100p share price or more are long gone until the mine is making money |
Posted at 18/4/2024 08:17 by kaos3 if i do not know i start thinking in a simplistic terms...TIME in 2 years they were not able to get financing for a superb project now that is saying to me loudly either * it is not a superb project or * unept management. intentionally or for real time test has been passed so i will not gamble nad invest before pxc is derisked regardless of the share price |
Posted at 18/4/2024 07:56 by sipptrader88 October '21 PXC share price reached around 77p........Now at say 11p my shares and that of the BOD are down to about 15% of where they were.When I looked at their holdings combined I noted in my head that being approx. £4m down from October '21......they (the BOD of PXC) have "all to play/work for" That is all....it's just a conception...and that is why I had the ?? after the £4m in the previous post (693 above). |
Posted at 17/4/2024 14:55 by sportbilly1976 FD,That is a fair question - obviously to date, not much tangible progress has been made. I suspect though that the lack of bond financing has not all been down to PXC - some investors may have made all the right positive noises and intentions and then, for whatever reason, fallen away or decided not to proceed. Obviously, as a non producing resource company, funds can only come from shareholders/investo The PFS will no doubt show the excellent economics of the project. The comment from RF both in the rns and also on LinkedIn do hint that conclusion of bond finance is imminent...indeed I'm sure RW would love to repay and close off any RF obligation with the initial tranche drawdown. Marcus has just one main "in" for Phoenix, even the Company website has only one main highlight on him - his ME corporate finance experience and contacts... With the current share price, company valuation and the resource / value upside I have used to lull over the past month or so to average down (I partook in the shareholder fundraise at 35p) and see PXC as an excellent risk/reward investment...and so continue to hold |
Posted at 05/4/2024 07:44 by sipptrader88 Indeed to an extent....yes....I "consider the share price reflects the risk /reward correctly". That is what the market is valuing PXC at!Personally I feel 20p would be about right....but my 20p view means little at this stage....whether possibly or not right....all it does do is highlight that 12p or there abouts gets an investor a lot more shares for a modest investment...than when I was buying at 46p! I agree we need some expectations to be delivered pronto and I think by June '24 we should be in a better place with all these 13 week hints in the RNSs! Signing out for now until then or on prior news! GLA |
Posted at 07/2/2024 12:04 by donald pond On convertible bonds, the point is all about the conversion mechanism. The value of a convertible bond is determined in part by the conversion rights, and they are only valuable if they enable the bondholders to convert and then sell shares at a price that covers the capital of the bond and the interest being foregone. So in the case of PXC, we have said we are looking to raise upwards of $50m. Let's say we want to raise $75m/£60m. We would have to give rights that allow the bondholder to convert to raise that amount. The current market cap is below £25m. We could only allow conversion if the share price was say 30p, but even then, that would require the creation of 200m convertible shares. So we would be giving up around 60% of the company, and not for very much, as any investor would say the conversion rights are so far out of the money that it only justifies a small reduction in the interest rate payable.You might say "I don't care if the share price gets to 30p", but the flip side of that is that once it gets to 30p, if the bondholders convert in the way I explain, it will make it difficult for the price to get much higher. If it went to 40p after conversion, it would have gone to 60p without. Etcetera. That's why the company are doing their best to avoid dilution. And if we make it so that it is only convertible after 5 years, the investors will say "that's a heads you win, tails we lose option" so thanks, but we aren't going to give a discount for it. There's no free lunch in this game. |
Posted at 28/1/2024 12:25 by papillon free stock charts from uk.advfn.comPXC log chart showing EMA's. This chart turned bearish around 18 months ago and going by the EMA's shown has never turned bullish since despite a couple of big bounces in the share price during that time that have proved to be dead cat bounces. This chart is a factual historical record only. I don't pretend to be Nostradamus, though this chart doesn't look promising! PS PXC is one of the few shares I follow. Why do I still follow it? Because I did have a small sum invested in PXC. I got rid of them back in either late 2021, or early 2022. Why? Too speculative for an old man! |
Posted at 04/1/2024 13:59 by dougmachin There was a 3-month extension to the initial term on 23rd June.Then the next extension was on 28th September, issued with the interims. Which is after the 3-months. 23rd September would be the 3 months. So, seems to be some leeway there... Also, "At the Company's option, the Loan Facility may be extended to 22 March 2024". So, either: [1] PXC are about to extend again and RF aren't so concerned about this exact date, as PXC can extend up until the 22 March anyway. [2] PXC have reached the point they don't need to extend, 'cos the bonds are getting signed........ (I hope). There's no way that PXC are going to let RF convert, whilst they have control over it (so between now and 23rd March). I believe that the BoD are doing absolutely everything to get the funding over the line. Whether they can is the (80) million dollar question. The volume of sells that has knocked the share price down 50% in just a couple of weeks is pretty paltry. Which is why the share price will go into orbit if funding can be secured. It's certainly getting "interesting". |
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