Phoenix Copper Dividends PXC

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Posted at 24/4/2024 12:12 by paulhopeful 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. Read Full Thread Reply
Posted at 24/4/2024 07:28 by haveapunt1 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 Read Full Thread Reply
Posted at 23/4/2024 16:27 by 3weeksorso 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. Read Full Thread Reply
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). Read Full Thread Reply
Posted at 18/4/2024 07:43 by qazwsxedc69 So we have "haveapunt" who has only posted about PXC in 2024 - dozens of times - all negative. 12 minutes after we have "3weeksoros" who only ever posted 4 times, all about PXC negatively. Funny that. Have you (singular) really not got anything better to do with your time? Read Full Thread Reply
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/investors (loans require interest cover - again, no income to meet this)..and I do expect that the Board had believed they would have had funding in place to achieve this. 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 Read Full Thread Reply
Posted at 04/4/2024 20:43 by sipptrader88 It's really quite simple/easy....the tortoise won the race! FULL STOP. .....by processing all cu/au/ag at once (although starting later)....and causing frustration with retail investors..(because these R.I.s choose to not "DYOR" properly to get a handle on the strategy and why apparent slipped timescales etc.) makes great sense! .....more money/revenue will come in sooner than individual steps....and your share price should/will reflect this....when the market properly understands! IMO if you have any further "thoughts" and "concerns" reread this post repeatedly and/or contact the BOD...even read ALL previous RNSs....and get up to speed! ...don't be surprised if your reaction leads to uncontrolled purchase of PXC....but try not to buy OTT....lol! Read Full Thread Reply
Posted at 04/4/2024 13:14 by kooba “donald pond - 19 Jan 2024 - 09:15:36 - 10219 of 10625 Phoenix Copper (PXC) - PXC What information do you want? We are finalising a PFS but the regulations say we cannot publish it until it is signed off as compliant. We are 99.5% there but can’t legally say anything meaningful until be are 100% there.” It’s been expected for a while what makes you think it will be delivered this month? Who is completing the PFS ..is it in house or external competent folk needing to sign it off? Read Full Thread Reply
Posted at 28/1/2024 12:25 by papillon free stock charts from uk.advfn.com PXC 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! Read Full Thread Reply
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". Read Full Thread Reply