Phoenix Copper Share Discussion Threads

[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.

[sportbilly1976] 25/4/2024 08:21

Copper in a bit more focus with BHP's bid for Anglo American today

[kooba] 24/4/2024 12:43

I agree before folks get too excited that if and it seems a big if they can get some bond finance together to progress the development that the terms will be that advantageous to equity holders..how much will have to be given up and what security will the bond holders have over the assets.It could end up being just as dilutive of interest in the business or of control.Will read the small print if /when it happens.In the meantime the focus still on when the get a PFS out to shareholders....and if anyone anywhere knows who is producing it and signing it off. DP seems not to.

[paulhopeful] 24/4/2024 12:12

Haveapunt1: I agree, looking back recently the markets haven’t been good, But nobody knows how they will react looking forward? Market does value risk, just at a lower level currently, it’s been the same for most juniors. Think your guess is more realistic but would imagine a spike above this if there is a race to join. Hopefully PXC finds the need for speed and any new investors stay for the long term, the world needs more copper, that we do know.

[haveapunt1] 24/4/2024 07:28

60p is a market cap of £80mil. There is no way imo PXC will be that on finance (which is repayable of course at a fairly hefty rate). The mine is likely to be 18-24 months before even pulling anything out tongue ground, coupled with permitting risks and construction risks. If all goes well with the bonds my guess is 35p ish. The market is not what it was any longer, they do not value risk. A long way to go. The only thing that has kept me here is the metrics on cooper, a lack of other plays, and the fact Hughes has chucked in good money (board haven’t), so one would like to think he is maybe more privy to information that retail.

Time will tell, but PXC requires progress not words. Let’s see if they do a virtual AGM so investors can interact with the board….im not holding my breath

[paulhopeful] 23/4/2024 18:31

Well that’s definitely a higher high, my guess on good news is 60p, to release the Warrants.. every little helps, especially now there’s becoming a shortage of Copper.

[3weeksorso] 23/4/2024 16:27

I disagree with you here Pants. Respectfully, when I and others invested in pxc we were led to believe their finances were robust after the last placing which would finance the company to bring the open pit of Empire into production. There is a YouTube Video where you chair a meeting in which, RW I believe, states that very thing.

Now of course, many things have happened in the world that haven't helped matter but that you now ask me to disbelieve what I see and hear is alarming to be honest.

[haut brion 58] 23/4/2024 16:16

A lack of perception, I think DP and shows you to be quite tone deaf. The Chairman and FD have handled things very poorly and led us up the garden path with their 'jam tomorrow' assertions, creating unnecessary share price volatility. About time they stopped hiding behind you, Donald, and faced us shareholders. We must be nearing a 2+ year close period. I just feel sorry for Ryan in Idaho who according to our FD apparently had no need for money until August 2023.

[haveapunt1] 23/4/2024 16:11

I don’t think poor @Qaz has got the idea of these discussion boards yet lol. Basically anyone that doesn’t agree with his tripe is wrong and filtered. Oh the joys of these boards (he says with a roll of eye). Maybe we have too many on here inept at discussing the stock, are utterly clueless or just live with rose tinted glasses on. Probably a combination of all three. Contrary to popular belief it’s heathy to have alternative views! All I go on is fact. Two years no finance, no PFS, no revenue and a raise which the board reluctantly contributed the near minimum.

Time will tell, but the likes of @Qaz juts goes to show, 90% on here just can’t “discus”.

[qazwsxedc69] 23/4/2024 16:02

Only 7 posts on that account from "3weeks" - all on PXC, and all entirely negative, with zero contribution. Also the second account of another proven clown.....An easy filter.