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| 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% | 5.10 | 08:00:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.10 | 5.10 | 5.10 | 5.10 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 18/11/2024 16:19 by klondykejohn I sold at a substantial loss. 39p down to 20p. and it hurt like hell, both financially and mentally. This was a company given great reviews in the Daily Mail, and I bought in to that "feelgoodfactor" after doing some research of my own.Does it feel good now to see the company down in the pits. No, of course not. This is the second Company this year that has cost me dear HZM being the other. As a comparison, HZM were actually building their plant, all was fine, directors were very well paid, then the money dried up. A massive fall from grace,. I just hope that PXC is not on a similar slippery slope. I don`t know what DP can say, but something was not right if the first $5m was released then money suddenly dries up and the bond lender needed more substantive information before proceeding further. Yet all those months previous of telling all and sundry that PXC is close to finally getting a backer, information must have been requested and answers given. Suddenly, the brakes were applied and MORE info is required. Smacks of one of two things to me, firstly, the Co. did not give correct information out, and/or, secondly, the lender is getting cold feet. I leave out the third option which is that everybody is happy and although there is a short delay owing to some updated information now being available, the monies will be released soon. I think the current share price probably negates option three. Right, going back to bed, got terrible covid and it hurts like hell |
Posted at 14/11/2024 12:50 by london07 And then you have PXC Vice President of Investor Relations saying the following about PXC on AAZ board! Totally flabbergasted, speechless tbh, absolute shot show, just dont know what to say..""My view is that PXC owns a project that is likely to have very significant upside. The question is whether existing shareholders will benefit. That's the challenge. I have never pretended otherwise": donald pond10 Oct '24 - 10:46 - 69484 of 70703 0 2 1 Bumpa, You have made your position clear on PXC. But its the next step in your thinking that makes no sense. If I shared your view that PXC was worthless, how would I be saving investors by telling them that? It would just become worthless a little bit quicker, perhaps. I don't think it is worthless. I think the open pit is a decent, low-risk starter pit. The bigger asset is likely to be in the sulphides below, as has always been the case. The big questions are, as they have always been, can the company fund the starter pit, and how big is the sulphide deposit. We don't know the answer to the latter question, but we do know that it produced 20,000 tonnes of high grade copper in the past, and the copper sulphides stretch for over 5kms and are open at depth and barely explored. As for the funding, that's all out in the open. My view is that PXC owns a project that is likely to have very significant upside. The question is whether existing shareholders will benefit. That's the challenge. I have never pretended otherwise. My aim is to have better informed investors that can understand the project, the risk and the opportunity is better detail so they can make a more informed decision. |
Posted at 14/11/2024 10:59 by sipptrader88 Well just like many others in the world of AIM....I will continue to hold all my PXC.....on the back burner....will come back on here.....if and when the story improves!Sure it's a paper loss...just like most of my AIM....please remind me... if I'm reincarnated...to avoid AIM totally....and probably shares in general....I'd be worth a £m more today if I'd stuck to deposits in the bank....lol At least I can hold my PXC for another 12years...may come good again...may go to 0p! It's as well to have a balanced portfolio! GLA |
Posted at 05/11/2024 13:10 by sipptrader88 There are some Private Investors with Large holdings....who seem to "know" a bit more what's going on with PXC. They do not appear to be selling......the 1% of PXC share-cap traded today so far.............has to be not them......we would know about it and it would be a lot more than 1%...and probably NT to sell!I therefore will continue to hold.....I've topped up to my limit recently...if I were braver I expect I'd see today as a real bargain price to buy! GLA |
Posted at 31/10/2024 10:17 by kooba I would have thought with this company if they were going to get $25m of funding from the bonds under the legal subscription agreement within 5 months of first drawdown as we were informed by the CFO ( ie within 5 days) then the share price would be reflecting that positive development as currently the market is obviously very concerned about funding judging by the reaction to the news of the delays with the results and the prevailing weakness.It's now 6 weeks from the unsurprising and rather dull PFS and over a month since the PXC interims coming clean on the delays which prompted..."Cevdet Caner, founder of NIU Invest SE, reiterated NIU's confidence in Phoenix Copper's operations, stating: "NIU Invest SE confirms that Phoenix Copper Limited has our full support. We are in the process of reviewing the information in the recent feasibility study and expect to resume a revised drawdown schedule in the near future.""https://niu |
Posted at 16/10/2024 12:37 by qazwsxedc69 If I bought a load near the ATH like you did, I'd certainly be moaning about the chronic mismanagement here....still you have "nothing to say"......leedslad001 - 04 Apr 2022 - 13:36:23 - 5991 of 12022 Phoenix Copper (PXC) - PXC Another 35k for me |
Posted at 16/9/2024 06:39 by london07 A brilliant post from LSE, clearly shows why PXC should be worth multiples of todays price. Absolutely no doubt price will catch up very soon. Share price is NOT the company. PXC should be nearer 50p................. PXC is totally disconnected to FV = HUGE Opportunity14 Sep 2024 08:21 Market Cap 2020 - ~£30m 2024 - ~£30m That doesn't make any sense at all right 🤔 Let's see just some of the major intervening news and events which has seemingly added not £1 of value to the market cap in the last 4 years! Aug 2020 - Drilling results high grade results ✅️ Sept 2020 - Drilling shows high grade gold mineralization tick ✅️ Nov 2020 - Significant potential at Red Star 🔥 Apr 2021 - Land holding increased at Empire ✅️ May 2021 - Earn in agreement with First Cobalt Idaho ✅️ July 2021 - Empire deep sulphide drilling programme ✅️ Sept 2021 - Deep sulphide drilling intercepts 8.38% copper 🔥 Oct 2021 - Acquisition of Empire Mine royalty & Mining claims ✅️ Nov 2021 - Drilling intercepts High grade polymetalics 🔥 Jan 2022 - Red Star drilling, further copper, Gold, Silver, zinc 🔥 Jan 2023 - Further drill results ✅️ Sept 2023 - Empire Metallurgical Results from Empire ✅️ Oct 2023 - Navarre Creek drilling results ✅️ Mar 2024 - purchase of Empire Processing Equipment ✅️ May 2024 - Mineral reserve statement 🔥 May 2024 - $80m Bond Subscription 🔥🔥&# May 2024 - NC drilling intercepts consistent gold 🔥 Also, location should carry a premium in todays world. Huge shift to domestic production, and classed as a critical metal by the US. PXC has the highest level ESG credentials. Metal prices are alot higher now. With EV/GREEN revolution, future demand now looks explosive. And only 220m shares, unique on AIM. For PXC, everything has changed in the last 4 years, one thing that has stayed EXACTLY the same is the market cap 🤯🤯&# If ever there was proof that the markets were totally broken. Totally derisked, funding sorting, clear path to production, and from the rumours maybe an acquisition in the pipeline, who knows could be a producer alot quicker than many think 🧐 Let this all sink in, and just think for a decond about the opportunity the market is giving. Always DYOR |
Posted at 11/9/2024 13:07 by london07 Misinformation and twisting of the truth, by the usual suspects (non shareholders)! LolWhat Donald said was the drawdown is subject to agreeing what it will be used for, same as all drawdowns. However on this occasion they are so close to the PFS being signed off and released, they may aswel just wait a few days, and then they can proceed. Any how, what's the point drawing the next tranche early, when it's not required, only to pay interest! As usual the BOD will deliver, PXC will shoot back up, and the people creating FUD will go silent, exactly as they did after the Bonds were delivered, such sad individuals. With such low liquidity, PXC can fly, moved from 14p to 40p in 1 month last year, just shows the opportunity. There is something significant going on, hence the news blackout, one can only suspect it's an M&A transaction, they have really kept the lid on this. Total silence speaks a thousand words. After bonds you thought they would be shouting through the rooftops, and the opposite has happened. New investor signalled M&A at the AGM, and since then everyone has gone silent! Wonder what opportunity has cropped up? MM's have collected from the weak, and will sell them back when PXC rockets straight back up soon. Wonder what the significant news is that they deem it soooo price sensitive that they have frozen all news for a few months. mmmmmmm. Better if they just suspended the share. |
Posted at 30/5/2024 13:24 by investorman33 I went to AGM yesterday and met up with more than a dozen other Private Investors for a beer afterwards.Lots of detailed feedback posted on Telegram from those attending, but other than one person who felt he should be given price sensitive information in advance of it being released via an RNS by the company, which seemed to be driving a horse and cart through AIM regulations, insider trading laws etc(!!), everyone was very positive after the AGM. We know the broad timescales for production (as posted previously maybe late 2025, H1 2026, its really in the hands of US permitting guys), equipment buying and most construction going on in parallel with permitting process, so once permitting done there will not be a long delay before production. Permitting involves getting maybe 80 possible permits, but PXC may not need them all - as an example the biggest issues for permitting is water (surface, rivers, groundwater etc plus effect on fish), but PXC has no rivers passing close to mine, its drilled for water but closest water is 2,000 feet down below ground level, there are no fish ..... so PXC gets a clear pass, its using dry tailings so no issues with tailings dams or water pollution, pretty much everything except dry tailings will be on land owned by PXC, not leased ...... so permitting should not be an issue other than timing. NGO's can object but PXC have already taken most of the important ones to site and explained the whole mining process to them, so everything is being very transparent. For me the highlight was the unexpected attendance of the Bond Holder who stood up and gave a short speech ( 5 or 10 minutes) on why he invested (he wants to get into the 'green space for metals - PXC is first of a couple of investments he's looking at), he's in for the long haul (unspoken but he only makes real money by holding for a couple of years, he can't easily sell the number of shares he has and even bonds are not saleable if PXC does not get into production), he likes and trusts BoD hence no Board seat, he will support PXC if needed but if another investor takes more bonds, he has no objection ...... etc. He received an impromptu round of applause. Overall, probably one of the best AGM's, if not the best, I've ever been to. |
Posted at 16/5/2024 08:55 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. |
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