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PXC Phoenix Copper Limited

19.25
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Phoenix Copper Limited PXC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 19.25 16:11:26
Open Price Low Price High Price Close Price Previous Close
19.25 19.00 19.25 19.25 19.25
more quote information »
Industry Sector
MINING

Phoenix Copper PXC Dividends History

No dividends issued between 24 May 2014 and 24 May 2024

Top Dividend Posts

Top Posts
Posted at 22/5/2024 14:10 by roysterboyster
The strategic partner NIU-Investments seems committed enough to the deal to be broadcasting it to the investment world through Linked-in. Please see the link here, just posted in the last hour or so.

hxxps://www.linkedin.com/posts/niu-invest_we-are-investing-80-million-in-the-2023-activity-7199011653558878208-Aa5O/

Bearing in mind their business model requires deal-making on an ongoing basis, this would be a stupid thing to advertise if the intention is to stuff PXC shareholders, as has been suggested by some (no names!).

I for one am sleeping easy in the knowledge this finance deal is done and the mine is being built and, more importantly, I own PXC shares!

Highly competent people are at the PXC helm and the short journey to production is one to just enjoy.
Posted at 21/5/2024 16:57 by roysterboyster
Kaos and Kooba

The range of circumstantial evidence you provide is fascinating. There are actually only 2 possibilities:

1. This investor has put their costs, time, effort and opportunity cost to enter into a deal with PXC to somehow engineer the demise of the company. But, that would clearly be daft because:
(a) they will have several million shares in said company and
(b) they have purchased copper bonds from said company

Both (a)and (b) would be worthless in the event of the PXC failing. They will have spent more on the copper bonds than the market cap of PXC and then some. I am fairly sure the investor could work that out, or at least one of his henchmen.

2. They have identified a company where there is a solid path to copper production and they believe that is a good place to deploy their money for a multiple return.

I believe option 2 is far more likely and aligned with my expectations.

of course, those who believe in option 1 should sell their remaining stock as soon as the market opens. I for one will buy them!
Posted at 21/5/2024 15:47 by investorman33
Kooba,

Banks require a Bankable Feasibility Study - hence the name

Other suppliers of finance can set their own rules as to what they want to see - so its perfectly possible to find finance done as part of a royalty deal (increasingly common - I don't they really existed or were widespread 20 years ago) to finance a mine acquisition or supply capital to develop a mine and equally bonds (used in a wide variety of industries) will often not require a bankable study. What they will all want is an 'enhanced' business plan, or what is known in some industries as a feasibility study signed off by an experienced Competent Person incorporating maybe a dozen expert opinions on key parts of the FS (eg metallurgy, environmental, mine design, financials etc).

One of the reasons banks seem to like the Bankable feasibility study is they have a section in there describing in great detail the 'money waterfall' which ensures they are repaid very quickly and which creates a financial straitjacket for the mining company - and that ties in very closely with the hedging of all metals they require the mining company to sign up to, typically in today's environment the copper price the company must sell to the bank might be 3.80/lb or US$ 4/lb. That's the reason why I hate traditional mining finance - the hedging, fees, warrants and shares required plus cost of the BFS makes it very expensive finance. And all the major banks seem to have the same model which scalps the owners/shareholders of the mine

So I'm delighted PXC have found a bond investor - another alternative might have been a royalty house to avoid the need to go to a traditional high cost mining bank.

Of course DYOR, but from what I can find the bond investor has never been found guilty in a court of law anywhere so he's innocent until proven guilty. BTW most of the main banks HAVE been found guilty and had to pay MASIVE fines for various money laundering, failure to identify their customers sources of money (whether Russian oligachs or Africans defrauding national oil companies etc) fixing of LIBOR interest rates etc - so do you want to do business with businesses convicted of crimes ?!

Certainly a colourful character BUT he is not involved in PXC management he's just a finance supplier
Posted at 21/5/2024 12:07 by kaos3
I am convinced that benko and cevat are the most honest and respectful people and operators and am sure that pxc will prosper hugely. all the future of copper pxc innovative metals extraction, innovative bond finances will make huge fortunes
both highly respected and having dinner with president
hxxps://x.com/FabioDeMasi/status/1448721427432198148
Posted at 21/5/2024 10:06 by zb27
Wow the manipulators still at it.

Why oh why would you keep on typing on a company chatboard when you don't hold a single share LOL

A PE firm just gave $80m to a less than £30m market company.

Obviously all "non holders" have some sort of an agenda here, they always do.

Negative posts will evaporate when PXC starts flying upwards.

I bet the FUD crewe will be bashing there heads here when say PXC start producing, probably saying the copper grades could be better LMAO

You just can't make this xxxx up.

Why not do something useful in your lives, just let go. Life is simply too short. I bet some of you must be eating living dreaming about PXC. What are you going to achieve in life, all this posting for a few pennies for whatever you are 'trying'to do here. Lol
Posted at 20/5/2024 16:39 by investorman33
Kooba

The article you posted was 2 years old and refers to events before then. As I understand it there was a court case again about 2 (or maybe more) years ago when Caner found not guilty.

Caner has not been found guilty of anything as I understand it (I've looked at everything I can find on the internet) and nor are there cases pending so he's innocent

He's not taking any part in the management of PXC either, so he's pretty remote to PXC anyway, just providing finance in the form of a bond.

Your opening para is incorrect btw. Its only banks who demand you hedge your production (typically at a discount to today's price, so copper might be at $3.80/lb for example) plus raise a chunk of new equity before they will provide a mining finance deal who demand a 'bankable study' is produced at great cost. Having been there before with those banks, their chief interest is in the money waterfall which ensures most money goes to them quickly to pay off the loan asap. And until the 'mining finance loan' is fully paid off its like being in a financial straightjacket - any unexpected issues crop up and it can get very difficult.- bonds do not put you into a straight jacket, gives you lots of flexibility to deal with most unexpected events until its repayment time (but that's years after being in production, so plenty of time to get cash together to repay.

There are now (thankfully) more options to avoid traditional bank mining finance deals which are better for shareholders of smaller mining companies such as PXC - one one of the advantages of the bonds is they may not require repayment for 10 years (bondholder can redeem after 6 years I think).
Posted at 17/5/2024 13:06 by investorman33
Rainy rain

For someone who claims to have read many texts on processing ATS etc, one thing that comes as a surprise to me is that nowhere do you seem to have read that PXC is employing 2 stage processing (as fully detailed in Annual Report).

The first stage is flotation which is a very standard process which will result in metal recoveries (in the form of a concentrate sent to a refinery)of copper, gold, silver and probably other metals such as zinc (nb some mines use ONLY flotation as a processing technique, so it obviously recovers enough metal to generate decent revenues).

The 2nd stage is the leaching where PXC has yet to announce whether it will use ATS or sulphuric acid - both are proven work as the metallurgical test work announced in an RNS months ago by PXC - with ATS and sulphuric acid producing different metal recoveries for gold/silver and copper depending upon which is used. No doubt the decision as to which to use is a mix between economic, technical and other factors as to which is chosen to be used.

So PXC has 2 bites of the cherry to maximise the economic extraction of the metals. Good job the metallurgists know what they are doing !
Posted at 16/5/2024 09:55 by klondykejohn
As the bond sale is now complete, I will once again ask the question about the 20% of Empire that is owned by EXgen.
Are they also included in the bonds or will they now lose that 20% and it reverts to PXC ownership.
The bond sale is for getting the mine into production. Will Exgen now stump up their $20m or have PXC worked together with EXgen to jointly acquire the bonds.
PXC is independent to EXgen, and it is my hope that this is a bond solely for PXC and not for EXgen which would make Exgen either stump up that 20% extra money or walk away.
That 20% is a massive portion of costs, and also profits and this ultimately should be benefitting PXC shareholders.
Perhaps DP will now confirm one way or the other about EXgen involvement in the bond agreements.
Posted at 07/5/2024 10:22 by investorman33
Kao3

The Nominated Advisor would not allow PXC to publish an RNS which was not NI 43 101 compliant - and all RNS's have to go through Nomad to get onto the LSE system.

So none of your fears could happen to PXC or other AIM listed company - an RNS has to be one which the company and Nomad believe to be a 'reasonable statement' when its published ...... and 'reasonable statement' has to stand up in a court of law.

The Reserve statement published today is a giant step up for PXC as opposed to other mining companies who only have resources - the difference is whilst resources are a statement of 'metal in the ground', reserves are stated net of estimated mining and processing losses which are from a not yet published NI 43 101 compliant PFS which has been worked on for a year or more with expert input (all signed off) by maybe a dozen organisations (environmental experts, metallurgical experts, mining engineers etc). Its a document which is said to be about 960 pages long ....... so a very substantial piece of work
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.

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